Data as of .
DUTY vs MISL: which is really different?
DUTY and MISL hold 37% of their weight in the same names.
ETFIQ Off-Index Score: DUTY scores higher
How much of it is not the index it is sold as an alternative to?
A percentile among the 379 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it · How it is computed
37% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, DUTY and MISL hold 37% of their money in the same securities at the same weight.
| Holding | DUTY | MISL |
|---|---|---|
| Palantir Technologies Inc | 5.98% | 11.75% |
| Lockheed Martin Corp | 7.34% | 4.27% |
| Northrop Grumman Corp | 6.62% | 4.10% |
| General Dynamics Corp | 7.57% | 3.95% |
| L3Harris Technologies Inc | 6.85% | 3.57% |
| Rocket Lab Corp | 5.35% | 3.34% |
| Leidos Holdings Inc | 2.74% | 1.81% |
| CACI International Inc | 2.28% | 1.56% |
| Moog Inc | 2.54% | 1.31% |
| Huntington Ingalls Industries | 2.45% | 1.21% |
| Kratos Defense & Security Solu | 2.06% | 1.00% |
| AeroVironment Inc | 1.04% | 0.91% |
| Only in DUTY | Only in MISL |
|---|---|
| Palo Alto Networks Inc 5.21% | Space Exploration Technologies Corp. (Class A) 8.81% |
| Fortinet Inc 4.92% | RTX Corporation 8.30% |
| Crowdstrike Holdings Inc 4.64% | The Boeing Company 7.48% |
| Okta Inc 4.62% | GE Aerospace 7.34% |
| Teledyne Technologies Inc 4.35% | HEICO Corporation 3.56% |
| Akamai Technologies Inc 3.15% | Howmet Aerospace Inc. 3.56% |
| Check Point Software Technolog 2.89% | TransDigm Group Incorporated 3.53% |
| Zscaler Inc 2.71% | AST SpaceMobile, Inc. 2.56% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026 and Sep 18, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| DUTY | MISL | DUTY | MISL | DUTY | MISL | |
| 3 months | +5.7% | −8.7% | +3.5 pts | −10.9 pts | +8.2 pts | −6.2 pts |
| 6 months | not published | −7.5% | not published | −25.5 pts | not published | −31.7 pts |
| 1 year | not published | +6.4% | not published | −10.2 pts | not published | −15.4 pts |
| 3 years | not published | +93.1% | not published | +14.7 pts | not published | −5.1 pts |
| Since launch | +6.9% | +109.5% | −6.3 pts | −0.6 pts | −12.3 pts | −56.0 pts |
| DUTY U.S. Defense ETF Holds 50 stocks in defense, 62% of its weight in S&P 500 companies | MISL First Trust Indxx Aerospace & Defense ETF Holds 40 stocks in defense, 62% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Aura | First Trust |
| Theme | Defense | Defense |
| In the S&P 500 | 61.8% | 62.4% |
| Active share vs the S&P 500 | 98.1% | 97.5% |
| In the Nasdaq-100 | 23.5% | 11.8% |
| Holdings | 50 | 40 |
| Top ten, share of the fund | 59.1% | 63.1% |
| Expense ratio | 0.45% | 0.60% |
| Fee for the differing part | 0.46% | 0.62% |
| Total return, 1 year | +6.9% (since launch on Apr 8, 2026) | +6.4% |
| vs the S&P 500 | −6.3 pts | −10.2 pts |
| vs the Nasdaq-100 | −12.3 pts | −15.4 pts |
| Below its high | −9.2% | −16.9% |
| Net assets | $2m | $704m |
DUTY in plain words
By weight, 62% of DUTY's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 98%. The top ten holdings are 59% of the fund across 50 positions, as filed for Jun 30, 2026. Since it launched on Apr 8, 2026 the fund returned +6.9% with distributions reinvested against +13.2% for the S&P 500, so a holder was behind by 6.3 pts. It sits 9.2% below its all-time high of Aug 13, 2026.
MISL in plain words
By weight, 62% of MISL's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 98%. The top ten holdings are 63% of the fund across 40 positions, as published by its issuer for Sep 18, 2026. Over the year to Sep 18, 2026 the fund returned +6.4% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 10.2 pts. It sits 16.9% below its all-time high of Jan 16, 2026.
Questions people ask
- Do DUTY and MISL hold the same stocks?
- By their latest filings, 37% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, DUTY or MISL?
- DUTY has 62% of its weight in S&P 500 names and MISL has 62%, so DUTY differs more from the index.
- Which is cheaper, DUTY or MISL?
- DUTY charges 0.45% a year and MISL charges 0.60%, so DUTY is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, DUTY against MISL, data as of Sep 18, 2026. https://etfiq.com/compare/themes/duty-vs-misl Free to use with attribution; the underlying files are at Open data.