Data as of Nov 4, 2026.
MISL vs WDAF: Holdings Overlap & Returns
Over the year to Nov 4, 2026, MISL returned −2.3% to WDAF's −16.2%; 0% of their weight is in the same names.
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Net assets: $685m on Nov 3, 2026 for First Trust Indxx Aerospace & Defense ETF, and $22m on Jun 30, 2026 for WisdomTree Asia Defense Fund.
66% of MISL's weight is in S&P 500 companies and 34% is outside the index. Holdings as of Nov 3, 2026.
0% of WDAF's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Jun 30, 2026.
Pair scorecard
WDAF costs 0.15 points a year less; their one-year returns differ by 13.9 points.
Points (pts) are percentage points.
| Measure | MISL | WDAF |
|---|---|---|
| Return | ||
| Total return, 1 year | −2.3% | −16.2% |
| Drawdown | ||
| Below its all-time high | 19.1%, high on Jan 16, 2026 | 31.8%, high on May 5, 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 | 0.60% | 0.45% |
| Net assets, MISL as of Nov 3, 2026 and WDAF as of Jun 30, 2026 | $685m | $22m |
| Holdings | ||
| Holdings in common | 0% | |
What they share
By the books each fund has filed, MISL and WDAF hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 3, 2026.
half
0% in common
Only in one fund ↓
Window by window
| Total return | vs its benchmark | |||
|---|---|---|---|---|
| Window | MISL | WDAF | MISL | WDAF |
| 3 months | −10.2% | −16.4% | −10.1 pts vs VOO | not measured |
| 6 months | −7.5% | −31.3% | −12.5 pts vs VOO | not measured |
| 1 year | −2.3% | −16.2% | −17.1 pts vs VOO | not measured |
| 3 years | +79.3% | – | −4.0 pts vs VOO | – |
| Since launchNot the same days: MISL Oct 2022 · WDAF Sep 2025 | +103.7% | −16.0% | −8.3 pts vs VOO | not measured |
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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.
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.
WDAF
By weight, 0% of WDAF'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 62% of the fund across 61 positions, as filed for Jun 30, 2026. Over the year to Nov 4, 2026 the fund returned −16.2% with distributions reinvested. It sits 31.8% below its all-time high of May 5, 2026.
Questions people ask
- Do MISL and WDAF 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, MISL against WDAF, data as of Nov 4, 2026. https://etfiq.com/compare/themes/misl-vs-wdaf
ETFIQ. (Nov 4, 2026). MISL against WDAF. Retrieved from https://etfiq.com/compare/themes/misl-vs-wdaf
[MISL against WDAF (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/themes/misl-vs-wdaf)
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