MISL vs. DFEN ETF Comparison

Comparison of First Trust Indxx Aerospace & Defense ETF (MISL) to Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN)

MISL

First Trust Indxx Aerospace & Defense ETF

MISL Description

The First Trust Indxx Aerospace & Defense ETF seeks investment results that correspond generally to the price and yield, before fees and expenses, of an equity index called the Indxx US Aerospace & Defense Index (the "Index"). Under normal market conditions, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in the common stocks that comprise the Index.

Grade (RS Rating)

Last Trade

$27.08

Average Daily Volume

14,619

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

DFEN

Direxion Daily Aerospace & Defense Bull 3X Shares

DFEN Description

The investment seeks daily investment results, before fees and expenses, of 300% of the daily performance of the Dow Jones U.S. Select Aerospace & Defense Index. The fund, under normal circumstances, invests at least 80% of its net assets (plus borrowing for investment purposes) in financial instruments that provide daily leveraged exposure to the index and/or exchange-traded funds ("ETFs") that track the index. The index is provided by Dow Jones U.S. Index. The index provider attempts to measure the performance of the aerospace and defense industry of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$25.28

Average Daily Volume

218,292

Number of Holdings ^*

32

* may have additional holdings in another (foreign) market

Performance

Period	MISL	DFEN
30 Days	0.38%	-2.96%
60 Days	2.90%	3.32%
90 Days	8.04%	12.74%
12 Months	23.48%	29.39%

9 Overlapping Holdings

	Symbol	Grade	Weight in MISL	Weight in DFEN	Overlap
	BA	D	6.3%	8.64%	6.3%
	GD	A	8.22%	3.06%	3.06%
	HII	C	4.16%	1.79%	1.79%
	HWM	B	4.48%	2.77%	2.77%
	LMT	A	7.3%	8.75%	7.3%
	NOC	A	7.44%	3.11%	3.11%
	RTX	A	8.31%	12.18%	8.31%
	TDG	A	4.38%	3.16%	3.16%
	TXT	D	4.47%	2.72%	2.72%

MISL Overweight 1 Positions Relative to DFEN

	Symbol	Grade	Weight
	LDOS	A	4.38%

MISL Underweight 23 Positions Relative to DFEN

	Symbol	Grade	Weight
	AXON	B	-2.86%
	LHX	B	-2.83%
	HEI	A	-1.94%
	CW	A	-1.59%
	WWD	A	-1.48%
	BWXT	C	-1.42%
	HEI	A	-1.26%
	HXL	D	-0.89%
	MOG.A	A	-0.74%
	AVAV	A	-0.71%
	SPR	D	-0.6%
	KTOS	B	-0.41%
	AIR	A	-0.37%
	MRCY	D	-0.25%
	TGI	D	-0.17%
	RKLB	D	-0.16%
	SWBI	B	-0.13%
	RGR	B	-0.13%
	DCO	A	-0.12%
	ACHR	D	-0.12%
	CDRE	C	-0.1%
	NPK	A	-0.07%
	SPCE	F	-0.05%

MISL: Top Represented Industries & Keywords

Industries: Aerospace & Defense Information Technology Services Specialty Industrial Machinery

Keywords: S&P 500 Aerospace Space Systems Aviation Weapons Aerospace Systems Business Aviation Combat Systems Communications Systems Defense Systems Electronics Information Technology Solutions Manned Aircraft Mission Systems National Security Navy Northrop Grumman Radar Technology Products Technology Solutions

DFEN: Top Represented Industries & Keywords

Industries: Aerospace & Defense Communication Equipment Computer Systems Conglomerates Diversified Industrials Security & Protection Services Specialty Industrial Machinery

Keywords: Aerospace S&P 500 Weapons Department Of Defense Aviation Avionics Helicopter Radar Space Systems Actuator Aerostructure Defense Systems Electronics Laser Law Enforcement Microwave U.S. Department Of Defense Aerospace Systems Combat Systems Communications Systems