MISL vs NATO
First Trust Indxx Aerospace & Defense ETF against Themes Transatlantic Defense ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
54%
29 shared positions
Fee gap
25 bp
NATO is cheaper
1-year return gap
5.0 pts
MISL is ahead
Larger fund
MISL
$701M
Side by side
| MISL | NATO | |
|---|---|---|
| Fund | First Trust Indxx Aerospace & Defense ETF | Themes Transatlantic Defense ETF |
| Issuer | First Trust | Themes |
| Category | Aerospace & Defense | Aerospace & Defense |
| Expense ratio | 0.60% | 0.35% |
| Assets | $701M | $90M |
| Average daily dollar volume | $3.7M | $809K |
| Listed | Oct 25, 2022 | Oct 10, 2024 |
| FrenzyCap score | 50 | 53 |
| 1-month return | −0.1% | −5.1% |
| 3-month return | −3.2% | −9.3% |
| Year to date | −1.3% | −5.5% |
| 1-year return | −3.9% | −8.9% |
| 30-day volatility | 15.8% | 13.6% |
| Worst drawdown, 1 year | −18.4% | −18.9% |
| Trailing 12-month yield | 0.07% | 0.48% |
| Holdings | 40 | 85 |
| Top 10 weight | 61.7% | 58.6% |
| Look-through P/E | 39.5 | 29.8 |
| Holdings vs fair value | +1.1% | +7.2% |
| Holdings above 200-day average | 11% | 2% |
| Net flow, latest 3 reported months | −$662M thru Jun 2026 | −$6.3M thru Jun 2026 |
| 30-day implied volatility | 38.8% | — |
| Holdings as of | as of Jun 30, 2026SEC filing | as of Jun 30, 2026SEC filing |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
75% of MISL · 57% of NATO| Holding | MISL | NATO |
|---|---|---|
| GE | 8.92% | 9.69% |
| BA | 7.32% | 7.25% |
| RTX | 6.93% | 7.58% |
| LMT | 6.11% | 5.17% |
| HWM | 3.92% | 4.83% |
| GD | 3.89% | 3.61% |
| TDG | 4.06% | 3.39% |
| NOC | 2.78% | 3.35% |
| LHX | 3.02% | 2.51% |
| RKLB | 5.50% | 2.50% |
| CW | 2.90% | 1.31% |
| FTAI AVIATION LTD | 2.88% | 1.27% |
| TXT | 1.66% | 0.76% |
| HEI | 4.42% | 0.67% |
| MOG.A | 1.40% | 0.54% |
| HII | 1.15% | 0.49% |
| KTOS | 0.97% | 0.42% |
| HXL | 0.79% | 0.36% |
| MRCY | 0.76% | 0.29% |
| AIR | 0.59% | 0.25% |
| AVAV | 0.86% | 0.23% |
| KRMN | 0.69% | 0.17% |
| ATRO | 0.30% | 0.13% |
| DCO | 0.29% | 0.11% |
| LUNR | 0.48% | 0.11% |
Sector mix of the stock holdings
| Sector | MISL | NATO | Gap |
|---|---|---|---|
| Industrials | 70.1% | 62.2% | +7.8% |
| Technology | 18.8% | 0.7% | +18.0% |
| Materials | 4.7% | 5.2% | −0.5% |
| Communication Services | 3.4% | 0.0% | +3.4% |
| Health Care | 0.0% | 0.0% | −0.0% |
More: full overlap table · MISL holdings · NATO holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.