Data as of Nov 4, 2026.
EUAD vs MISL: Holdings Overlap & Returns
Over the year to Nov 4, 2026, EUAD returned −8.0% to MISL's −2.3%; 0% of their weight is in the same names.
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Net assets: $1.1bn on Aug 31, 2026 for Select STOXX Europe Aerospace & Defense ETF, and $685m on Nov 3, 2026 for First Trust Indxx Aerospace & Defense ETF.
EUAD holds 13 positions, 28% of its net assets. Holdings as of Aug 31, 2026.
66% of MISL's weight is in S&P 500 companies and 34% is outside the index. Holdings as of Nov 3, 2026.
Pair scorecard
EUAD costs 0.10 points a year less; their one-year returns differ by 5.7 points.
Points (pts) are percentage points.
| Measure | EUAD | MISL |
|---|---|---|
| Return | ||
| Total return, 1 year | −8.0% | −2.3% |
| Drawdown | ||
| Below its all-time high | 16.7%, high on Jan 13, 2026 | 19.1%, high on Jan 16, 2026 |
| Against its benchmark | ||
| What it tracks | Defense | Defense |
| Against the S&P 500, 1 year | behind by 17.1 pts | |
| Its benchmark, total return, 1 year | +14.8% | |
| Against its benchmark, 1 year | behind by 17.1 pts | |
| Cost and size | ||
| Expense ratio | 0.50% | 0.60% |
| Net assets, EUAD as of Aug 31, 2026 and MISL as of Nov 3, 2026 | $1.1bn | $685m |
| Holdings | ||
| Holdings in common | 0% | |
Risk and return
Nov 1, 2024 to Oct 30, 2026 · 104 weekly returnsFrom Nov 2024 to Oct 2026, EUAD returned more: +59.9% to +33.5%. MISL swung less: 23.7% to 29.4%. MISL fell slightly less at its worst: −20.0% to −21.4%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | EUAD | MISL | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +59.9% | +33.5% | EUAD | Price change plus distributions, reinvested. |
| Annualized | +26.5% | +15.5% | EUAD | Total return as a yearly rate. |
| Price return | +59.1% | +32.2% | EUAD | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 29.4% | 23.7% | MISL | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 19.2% | 15.2% | MISL | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −21.4% | −20.0% | MISL (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.81 | 0.56 | EUAD | Return above Treasury bills per unit of volatility. |
| Sortino | 1.24 | 0.87 | EUAD | Return above Treasury bills per unit of downside deviation. |
| Calmar | 1.24 | 0.78 | EUAD | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 104 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, EUAD and MISL hold 0% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Nov 3, 2026.
half
0% in common
Only in one fund ↓
Window by window
| Total return | vs its benchmark | |||
|---|---|---|---|---|
| Window | EUAD | MISL | EUAD | MISL |
| 3 months | −14.6% | −10.2% | not measured | −10.1 pts vs VOO |
| 6 months | −7.2% | −7.5% | not measured | −12.5 pts vs VOO |
| 1 year | −8.0% | −2.3% | not measured | −17.1 pts vs VOO |
| 3 years | – | +79.3% | – | −4.0 pts vs VOO |
| Since launchNot the same days: EUAD Oct 2024 · MISL Oct 2022 | +60.5% | +103.7% | not measured | −8.3 pts vs VOO |
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Side by side
As of Nov 4, 2026. Source: ETFIQ.
0% of the two portfolios are the same securities at the same weight.
Client brief:
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EUAD
By weight, 0% of EUAD's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 26% of the fund across 13 positions, as filed for Aug 31, 2026. Over the year to Nov 4, 2026 the fund returned −8.0% with distributions reinvested. It sits 16.7% below its all-time high of Jan 13, 2026.
MISL
By weight, 66% of MISL's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 97%. The top ten holdings are 60% of the fund across 44 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned −2.3% with distributions reinvested against +14.8% for its benchmark, the S&P 500 Index, so a holder was behind by 17.1 pts. It sits 19.1% below its all-time high of Jan 16, 2026.
Questions people ask
- Do EUAD and MISL hold the same stocks?
- By their latest filings, 0% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
Every number is an ETFIQ calculation with distributions reinvested.
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ETFIQ, EUAD against MISL, data as of Nov 4, 2026. https://etfiq.com/compare/themes/euad-vs-misl
ETFIQ. (Nov 4, 2026). EUAD against MISL. Retrieved from https://etfiq.com/compare/themes/euad-vs-misl
[EUAD against MISL (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/themes/euad-vs-misl)
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