XLI vs. MISL
Compare and contrast key facts about Industrial Select Sector SPDR Fund (XLI) and First Trust Indxx Aerospace & Defense ETF (MISL).
XLI and MISL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XLI is a passively managed fund by State Street that tracks the performance of the Industrial Select Sector Index. It was launched on Dec 16, 1998. MISL is a passively managed fund by First Trust that tracks the performance of the Indxx US Aerospace & Defense Index - Benchmark TR Gross. It was launched on Oct 25, 2022. Both XLI and MISL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
XLI vs. MISL - Performance Comparison
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XLI vs. MISL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XLI Industrial Select Sector SPDR Fund | 6.30% | 19.35% | 17.31% | 18.13% | 7.96% |
MISL First Trust Indxx Aerospace & Defense ETF | 6.94% | 41.24% | 20.48% | 14.78% | 8.22% |
Returns By Period
In the year-to-date period, XLI achieves a 6.30% return, which is significantly lower than MISL's 6.94% return.
XLI
- 1D
- 1.67%
- 1M
- -7.83%
- YTD
- 6.30%
- 6M
- 7.58%
- 1Y
- 26.43%
- 3Y*
- 19.34%
- 5Y*
- 12.43%
- 10Y*
- 13.39%
MISL
- 1D
- 2.28%
- 1M
- -9.73%
- YTD
- 6.94%
- 6M
- 9.60%
- 1Y
- 51.50%
- 3Y*
- 27.55%
- 5Y*
- —
- 10Y*
- —
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XLI vs. MISL - Expense Ratio Comparison
XLI has a 0.13% expense ratio, which is lower than MISL's 0.60% expense ratio.
Return for Risk
XLI vs. MISL — Risk / Return Rank
XLI
MISL
XLI vs. MISL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Industrial Select Sector SPDR Fund (XLI) and First Trust Indxx Aerospace & Defense ETF (MISL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| XLI | MISL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.36 | 2.15 | -0.79 |
Sortino ratioReturn per unit of downside risk | 1.95 | 2.87 | -0.92 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.37 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 2.17 | 3.34 | -1.17 |
Martin ratioReturn relative to average drawdown | 8.46 | 12.29 | -3.83 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XLI | MISL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.36 | 2.15 | -0.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 1.45 | -1.00 |
Correlation
The correlation between XLI and MISL is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
XLI vs. MISL - Dividend Comparison
XLI's dividend yield for the trailing twelve months is around 1.24%, more than MISL's 0.36% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XLI Industrial Select Sector SPDR Fund | 1.24% | 1.29% | 1.44% | 1.63% | 1.63% | 1.25% | 1.55% | 1.94% | 2.15% | 1.77% | 2.07% | 2.15% |
MISL First Trust Indxx Aerospace & Defense ETF | 0.36% | 0.40% | 0.74% | 0.63% | 0.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
XLI vs. MISL - Drawdown Comparison
The maximum XLI drawdown since its inception was -62.26%, which is greater than MISL's maximum drawdown of -17.91%. Use the drawdown chart below to compare losses from any high point for XLI and MISL.
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Drawdown Indicators
| XLI | MISL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.26% | -17.91% | -44.35% |
Max Drawdown (1Y)Largest decline over 1 year | -12.50% | -15.45% | +2.95% |
Max Drawdown (5Y)Largest decline over 5 years | -21.64% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -42.33% | — | — |
Current DrawdownCurrent decline from peak | -7.83% | -10.30% | +2.47% |
Average DrawdownAverage peak-to-trough decline | -9.24% | -3.17% | -6.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 4.20% | -0.99% |
Volatility
XLI vs. MISL - Volatility Comparison
The current volatility for Industrial Select Sector SPDR Fund (XLI) is 6.58%, while First Trust Indxx Aerospace & Defense ETF (MISL) has a volatility of 8.47%. This indicates that XLI experiences smaller price fluctuations and is considered to be less risky than MISL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XLI | MISL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.58% | 8.47% | -1.89% |
Volatility (6M)Calculated over the trailing 6-month period | 11.74% | 17.76% | -6.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.50% | 24.09% | -4.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.25% | 18.70% | -1.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.88% | 18.70% | +1.18% |