First Trust Indxx Aerospace & Defense ETF (MISL) is a industrials and materials ETF. As of October 9, 2026, ETF Copilot scores MISL 5.0 out of 10 — highest on Growth (8.3), lowest on Quality (1.9). It trades at 32.1 times earnings, against its own median of 28.4. Its ten largest holdings are 64% of the fund.
What stands out in MISL's data
U.S. aerospace and defense firms, selected by a rules-based index.
Analysts see stronger growth ahead than for most industry peers — a bet on rising demand for defense and aviation.
Its forward growth estimate of 26% sits ahead of most peers and above the category median of 18%. The portfolio trades at P/E multiple of 32.1x, while its EBITDA margin of 20.8% trails the typical peer.
A focused bet on defense contractors and aerospace suppliers, built for portfolios that want direct exposure to that sector.
How is MISL rated? ETF Copilot scores First Trust Indxx Aerospace & Defense ETF (MISL) 5.0 out of 10
As of October 9, 2026, ETF Copilot scores First Trust Indxx Aerospace & Defense ETF (MISL) 5.0 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 5.0 / 10
- Growth: 8.3 / 10
- Value: 2.4 / 10
- Risk: 4.7 / 10
- Quality: 1.9 / 10
- Return: 5.5 / 10
Is MISL expensive right now? It trades at 32.1 times earnings, against its own median of 28.4
As of October 9, 2026, MISL is more expensive than 80% of its own last 4 years.
Trailing 12 months, built from MISL's holdings. How we calculate this →
What's inside MISL? 20% Tech
What's inside MISL: Size (Large 75%, Mid 21%, Small 4%); Geography (International 0%, US 100%); Tech 19.8%; AI 13.4%.
What are MISL's top holdings? The ten largest are 64% of the fund
Palantir Technologies, Space Exploration Technologies, Raytheon Technologies, General Electric, Boeing, Lockheed Martin, Northrop Grumman, General Dynamics, Rocket LAB and TransDigm are MISL's largest holdings, in that order.
More concentrated than 86% of Industrials & Materials ETFs.
Half of MISL's weight sits in its 7 largest positions, and once those weights are taken into account it behaves like 17 equally weighted holdings.
What is MISL's expense ratio? 0.60% a year
As of October 9, 2026, MISL charges 0.60% a year, yields 0.31% and holds $770M in assets across 39 positions.
| Measure | MISL |
|---|---|
| Expense ratio | 0.60% |
| Dividend yield | 0.31% |
| Assets under management | $770M |
| Holdings | 39 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “First Trust Indxx Aerospace & Defense ETF (MISL) scores and holdings analysis”, as of October 9, 2026.
https://etf-copilot.com/etf/misl
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