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ETFs

First Trust Indxx Aerospace & Defense ETF

MISL
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 25 2022
Expense Ratio
0.60%
Type
US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$802,728
AUM
$39,042,043
Associated Index
Indxx US Aerospace & Defense Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

GD
General Dynamics Corp.
8.85%
NOC
Northrop Grumman Corp.
8.23%
BA
Boeing Co.
8.10%
LMT
Lockheed Martin Corp.
7.78%
RTX
RTX Corp
6.50%
TXT
Textron Inc.
5.04%
LDOS
Leidos Holdings Inc
4.43%
TDG
Transdigm Group Incorporated
4.16%
HEI
Heico Corp.
4.09%
HWM
Howmet Aerospace Inc
4.05%
Invest with MISL

What is MISL?

The First Trust Indxx Aerospace & Defense ETF (the "Fund") seeks investment results that correspond generally to the price and yield, before fees and expenses, of an equity index called the Indxx US Aerospace & Defense Index (the "Index"). Under normal market conditions, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in the common stocks that comprise the Index. The index begins with a universe of U.S. companies engaged in business activities associated with certain aerospace and defense sub-themes, as identified by the index provider.

ETFs related toMISL

ETFs correlated to MISL include PPA, DFEN, ITA

MISL
First Trust Exchange-Traded Fund - First Trust Indxx Aerospace & Defense ETF
PPA
Invesco Capital Management LLC - Invesco Aerospace & Defense ETF
DFEN
Direxion Shares ETF Trust - Direxion Daily Aerospace & Defense Bull 3X Shares
ITA
BlackRock Institutional Trust Company N.A. - iShares U.S. Aerospace & Defense ETF
XAR
SPDR Series Trust - SPDR S&P Aerospace & Defense ETF
XLI
SSgA Active Trust - Industrial Select Sector SPDR
VIS
Vanguard Group, Inc. - Vanguard Industrials ETF
FIDU
Fidelity Covington Trust - Fidelity MSCI Industrials Index ETF
VTV
Vanguard Group, Inc. - Vanguard Value ETF
RSPN
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Industrials ETF
IYJ
BlackRock Institutional Trust Company N.A. - iShares U.S. Industrials ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toMISL

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Category

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Risk Rating

Aggressive

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Category

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Risk Rating

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Create your own algorithmic trading strategy with MISL using Composer

FAQ

MISL is a US Equities ETF. The First Trust Indxx Aerospace & Defense ETF (the "Fund") seeks investment results that correspond generally to the price and yield, before fees and expenses, of an equity index called the Indxx US Aerospace & Defense Index (the "Index"). Under normal market conditions, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in the common stocks that comprise the Index. The index begins with a universe of U.S. companies engaged in business activities associated with certain aerospace and defense sub-themes, as identified by the index provider.

MISL tracks the Indxx US Aerospace & Defense Index.

No, MISL is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, MISL is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on MISL is -0.046%. This is the percent change in the value of MISL over the most recent 1-month period. The 3-month return on MISL is -0.0359%. This is the percent change in the value of MISL over the most recent 3-month period.

ETFs similar to MISL include XLY, XLV, and XLE.

ETFs correlated to MISL include PPA, DFEN, and ITA.

ETFs that are inversely correlated to MISL include DOG, SDOW, and DXD.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.