First Trust Indxx Aerospace & Defense ETF (MISL)

Key Metrics

TER 0.60% per year

Distribution policy Distributing

Fund size USD 1,441 M

Inception date October 25, 2022

Holdings 39

Fund currency USD

Fund domicile US

Provider First Trust

For full official fund details, factsheets, and holdings, visit ftportfolios.com (opens in new tab).

Historical Return

Last updated: Jul 01, 2026

1 Year +24.2% +0.4% Div

3 Years (avg.) +25.2% +0.4% Div

5 Years (avg.) +17.3% +0.4% Div

Risk & Analysis Metrics

Last updated: Jul 01, 2026

Volatility

22.23% 1 Year

19.32% 3 Years

18.89% 5 Years

18.89% 10 Years

Max Drawdown

-15.74% 1 Year

-18.37% 3 Years

-18.37% 5 Years

-18.37% 10 Years

Sharpe Ratio

0.79 1 Year

0.99 3 Years

0.97 5 Years

0.97 10 Years

Return Triangle (Heatmap)

Last updated: Jul 01, 2026

	2022	2023	2024	2025
2022	8.1%	11.1%	14.2%	20.4%
2023		14.2%	17.4%	24.8%
2024			20.6%	30.4%
2025				40.9%

Distributions

*by ETF Portfolio Weight Last updated: Jul 01, 2026

Profit Margin Distribution

< 0%

1y 3y N/A N/A

0 - 5%

11%

1y 3y N/A N/A

5 - 10%

45%

1y 3y N/A N/A

10 - 15%

12%

1y 3y N/A N/A

15 - 20%

15%

1y 3y N/A N/A

20 - 30%

1y 3y N/A N/A

30 - 40%

1y 3y N/A N/A

> 40%

1y 3y N/A N/A

P/E Ratio Distribution

< 0

1y 3y N/A N/A

0 - 10

1y 3y N/A N/A

10 - 15

1y 3y N/A N/A

15 - 20

11%

1y 3y N/A N/A

20 - 25

19%

1y 3y N/A N/A

25 - 35

15%

1y 3y N/A N/A

35 - 50

14%

1y 3y N/A N/A

> 50

30%

1y 3y N/A N/A

Discounted Cash Flow

Weighted Average Undervaluation

N/A

Undervalued

> 60%

1y 3y N/A N/A

45 - 60%

1y 3y N/A N/A

30 - 45%

1y 3y N/A N/A

15 - 30%

1y 3y N/A N/A

Fair (±15%)

1y 3y N/A N/A

Overvalued

15 - 30%

1y 3y N/A N/A

30 - 45%

1y 3y N/A N/A

45 - 60%

1y 3y N/A N/A

> 60%

1y 3y N/A N/A

Market Cap Size Distribution

Micro Cap

0.0%

1y 3y N/A N/A

Small Cap

0.2%

1y 3y N/A N/A

Mid Cap

8.4%

1y 3y N/A N/A

Large Cap

74.6%

1y 3y N/A N/A

Mega Cap

16.9%

1y 3y N/A N/A

Micro: < $300M Small: $300M–$2B Mid: $2B–$10B Large: $10B–$200B Mega: > $200B

Average metrics of all companies in portfolio

Last updated: Jun 28, 2026

Market
Average

Market Cap The market value of the company. It's calculated by multiplying the share price by the number of outstanding shares.	$111B	-
Dividend Yield Yearly payout to shareholders per share. The percentage indicates the payout in relation to the share price.	0.98%	2.01%
Beta Indicates the relationship between the price performance of a share and the market.	0.84	-
P/E Ratio Ratio between share price and earnings per share. A low ratio could indicate that the stock is undervalued or investors aren't expecting high growth. A high ratio could indicate that the stock is overvalued or investors are expecting high growth.	44.39	28.61
Negative P/E Ratio a negative P/E ratio shows that the company is not profitable, and it shows how many years it would take the company to lose its entire market capitalisation if it did not change anything	-124.34	-
Profitable Companies	91%	-
PEG The ratio between the P/E ratio and the growth rate of the company's earnings per share in the last twelve months. A lower PEG could mean that a stock is undervalued.	19.07	18.04
Price to Sales Ratio Market cap divided by the revenue in the most recent year.	4.52	8.09
Price to Book Ratio Price to Book Ratio is the Market cap divided by the Book value of the company	15.3	10.18

Market
Average

Enterprise Value to EBIT Enterprise Value divided by EBIT	26.15	20.33
Enterprise Value to Revenue Enterprise value divided by revenue	4.81	7.98
Total Debt to Enterprise Value Total debt divided by enterprise value	0.13	0.04
Debt to Equity A higher ratio indicates a higher risk. However, the ratio is difficult to compare between industries where common amounts of debt vary.	1.32	0.27
Profit Margin Net income divided by revenue of the last 4 quarters. It indicates the company's profitability.	7.36%	20.81%
Quarterly Earnings Growth (YoY) The rate at which the company's net income has increased to the same quarter one year ago.	+27.1%	-118.0%
Return on Equity Equity divided by market cap.	24.61%	2.67%
Return on Assets Indicates a company's profitability in relation to its total assets.	5.46%	4.17%
Return on Invested Capital Return on invested capital (ROIC) is net income after dividends divided by the sum of debt and equity. It shows how effective a company is at turning capital invested by shareholders and other debtholders into profits.	10.95%	3.72%

Sectors

Manufacturing	82.5%
Professional, Scientific, and Technical Services	5.4%
Information	3.6%
Real Estate and Rental and Leasing	3.4%
Construction	0.6%
Other	4.5%

Countries

United States	98.4%
Other	1.6%

Limit holdings to companies in a single sector.

$0B >$1T

Ratio between share price and earnings per share. A low ratio could indicate undervaluation.

<0 >50

Ratio of dividends in the last 12 months to current share price.

0% 3%

Revenue increase compared to the same quarter one year ago.

0% 30%

Net income increase compared to the same quarter one year ago.

0% 30%

Profitability of the last quarter.

<-30% >30%

A higher ratio indicates a higher risk. The ratio is difficult to compare between industries.

<0 >3

Discounted cash flow valuation vs. current price. Positive = undervalued, negative = overvalued.

<-50% >+100%

Market Cap

P/E Ratio

Total Investment

Weight

Lockheed Martin Corp.

LMT - Manufacturing

Market Cap $116.99B

P/E Ratio 24.5

Dividends 2.7%

Total Investment $137.79M

Weight 9.56%

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RTX Corp

RTX - Manufacturing

Market Cap $253.16B

P/E Ratio 34.7

Dividends 1.5%

Total Investment $126.67M

Weight 8.79%

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General Dynamics Corp.

GD - Manufacturing

Market Cap $93.76B

P/E Ratio 21.5

Dividends 1.8%

Total Investment $120.04M

Weight 8.33%

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GE Aerospace

GE - Manufacturing

Market Cap $385.54B

P/E Ratio 45.3

Dividends 0.4%

Total Investment $109.22M

Weight 7.58%

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Boeing Co.

BA - Manufacturing

Market Cap $171.26B

P/E Ratio 89.8

Dividends 0.0%

Total Investment $105.04M

Weight 7.29%

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Northrop Grumman Corp.

NOC - Manufacturing

Market Cap $71.02B

P/E Ratio 15.6

Dividends 1.9%

Total Investment $68.23M

Weight 4.74%

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Howmet Aerospace Inc

HWM - Manufacturing

Market Cap $107.58B

P/E Ratio 61.8

Dividends 0.2%

Total Investment $65.35M

Weight 4.54%

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L3Harris Technologies Inc

LHX - Manufacturing

Market Cap $54.26B

P/E Ratio 31.5

Dividends 1.7%

Total Investment $63.62M

Weight 4.42%

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AST SpaceMobile Inc - Ordinary Shares - Class A

ASTS - Information

Market Cap $29.07B

P/E Ratio -39.7

Dividends 0.0%

Total Investment $52.51M

Weight 3.64%

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Transdigm Group Incorporated

TDG - Manufacturing

Market Cap $74.09B

P/E Ratio 41.3

Dividends 6.8%

Total Investment $51.53M

Weight 3.58%

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FTAI Aviation Ltd - Ordinary Shares - Class A

FTAI - Real Estate and Rental and Leasing

Market Cap $28.32B

P/E Ratio 51.1

Dividends 0.6%

Total Investment $48.41M

Weight 3.36%

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Heico Corp.

HEI - Manufacturing

Market Cap $48.09B

P/E Ratio 61.0

Dividends 0.1%

Total Investment $47.99M

Weight 3.33%

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Curtiss-Wright Corp.

CW - Manufacturing

Market Cap $27.61B

P/E Ratio 54.4

Dividends 0.1%

Total Investment $47.94M

Weight 3.33%

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Rocket Lab USA Inc

RKLB - Manufacturing

Market Cap $48.94B

P/E Ratio -255.2

Dividends 0.0%

Total Investment $46.84M

Weight 3.25%

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Woodward Inc

WWD - Manufacturing

Market Cap $25.72B

P/E Ratio 50.2

Dividends 0.3%

Total Investment $42.11M

Weight 2.92%

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Leidos Holdings Inc

LDOS - Professional, Scientific, and Technical Services

Market Cap $12.8B

P/E Ratio 9.2

Dividends 1.7%

Total Investment $38.8M

Weight 2.69%

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Textron Inc.

TXT - Manufacturing

Market Cap $15.86B

P/E Ratio 17.4

Dividends 0.1%

Total Investment $29.9M

Weight 2.08%

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Huntington Ingalls Industries Inc

HII - Manufacturing

Market Cap $11.11B

P/E Ratio 18.3

Dividends 1.9%

Total Investment $28.9M

Weight 2.01%

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Caci International Inc. - Registered Shares - Class A

CACI - Professional, Scientific, and Technical Services

Market Cap $10.03B

P/E Ratio 18.6

Dividends 0.0%

Total Investment $23.81M

Weight 1.65%

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Leonardo DRS Inc.

DRS

Market Cap $11.33B

P/E Ratio 39.3

Dividends 0.8%

Total Investment $23.48M

Weight 1.63%

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Key Metrics

Compare similar ETFs

Historical Return

Risk & Analysis Metrics

Volatility

Max Drawdown

Sharpe Ratio

Return Triangle (Heatmap)

Distributions

Profit Margin Distribution

P/E Ratio Distribution

Discounted Cash Flow

Market Cap Size Distribution

Portfolio Concentration

Latest News

Boeing Gets China Deal at Trump's Visit, With Many Questions

Trump Bought Boeing Stock, Then Announced New Order for 200 Planes

Stocks That Failed The Core Earnings Test In 2Q2026

Average metrics of all companies in portfolio

Sectors

Countries

Stock Screener

Lockheed Martin Corp.

Lockheed Martin Corp.

RTX Corp

RTX Corp

General Dynamics Corp.

General Dynamics Corp.

GE Aerospace

GE Aerospace

Boeing Co.

Boeing Co.

Northrop Grumman Corp.

Northrop Grumman Corp.

Howmet Aerospace Inc

Howmet Aerospace Inc

L3Harris Technologies Inc

L3Harris Technologies Inc

AST SpaceMobile Inc - Ordinary Shares - Class A

AST SpaceMobile Inc - Ordinary Shares - Class A

Transdigm Group Incorporated

Transdigm Group Incorporated

FTAI Aviation Ltd - Ordinary Shares - Class A

FTAI Aviation Ltd - Ordinary Shares - Class A

Heico Corp.

Heico Corp.

Curtiss-Wright Corp.

Curtiss-Wright Corp.

Rocket Lab USA Inc

Rocket Lab USA Inc

Woodward Inc

Woodward Inc

Leidos Holdings Inc

Leidos Holdings Inc

Textron Inc.

Textron Inc.

Huntington Ingalls Industries Inc

Huntington Ingalls Industries Inc

Caci International Inc. - Registered Shares - Class A

Caci International Inc. - Registered Shares - Class A

Leonardo DRS Inc.

Leonardo DRS Inc.

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