MISL First Trust Indxx Aerospace & Defense ETF

Last close: 40.35
504-day return: +29.66%
Median $/day: $1.7M
Relationships shown: 14
Leader rank: #1042

together opposite · bar = ρ at each lag, −10 … 0 … +10 days · holdout ρ · click a card for the full picture

MISL vs ITA

Both indexed to 100 at 2026-05-11.

MISL ITA · range 86–112 · 2026-05-11 → 2026-11-06

Follows MISL

These tend to repeat MISL's moves later.

CHW Calamos Global Dynamic Income Fund Common Stock

lag 1dρ +0.21holdout +0.10stable 75%$/day $1.1Mmoderate

Moves with MISL

Same day, ranked by what's left after the market and sector factors are removed ("beyond mkt").

ITA iShares U.S. Aerospace & Defense ETF

ρ +0.90beyond mkt +0.80holdout +0.87stable 100%robust

ROKT State Street SPDR S&P Kensho Final Frontiers ETF

ρ +0.85beyond mkt +0.71holdout +0.82stable 100%robust

NATO Themes ETF Trust Themes Transatlantic Defense ETF

ρ +0.81beyond mkt +0.68holdout +0.86stable 100%robust

SHLD Global X Defense Tech ETF

ρ +0.74beyond mkt +0.62holdout +0.79stable 100%robust

KTOS Kratos Defense & Security Solutions, Inc. Common Stock

ρ +0.74beyond mkt +0.60holdout +0.73stable 100%robust

RTX RTX Corporation

ρ +0.65beyond mkt +0.60holdout +0.58stable 100%robust

Moves against MISL

VIXM ProShares VIX Mid-Term Futures ETF

ρ -0.38beyond mkt +0.05holdout -0.35stable 88%robust

VXX iPath Series B S&P 500 VIX Short-Term Futures ETN

ρ -0.43beyond mkt +0.04holdout -0.45stable 100%robust

BTAL AGF U.S. Market Neutral Anti-Beta Fund

ρ -0.46beyond mkt +0.03holdout -0.47stable 100%robust

TAIL Cambria Tail Risk ETF

ρ -0.36beyond mkt +0.02holdout -0.26stable 88%robust

Weekly, not daily

No day-to-day relationship, but 5- or 10-day returns move together.

FIAX Nicholas Fixed Income Alternative ETF

horizon 5dρ +0.38holdout +0.42stable 75%robust

BZFD BuzzFeed, Inc. Class A Common Stock

horizon 10dρ +0.36holdout +0.30stable 88%robust

SIG Signet Jewelers Limited

horizon 5dρ +0.31holdout +0.19stable 88%robust

Changed this quarter

Biggest shifts in same-day correlation over the last 63 trading days versus the year before.

MG Mistras Group Inc.

Δ -0.65recent -0.29prior +0.35beyond mkt -0.07

HZO MarineMax, Inc.

Δ -0.59recent -0.21prior +0.38beyond mkt +0.08

CURI CuriosityStream Inc. Class A Common Stock

Δ -0.58recent -0.28prior +0.31beyond mkt +0.04

CTVA Corteva, Inc. Common Stock

Δ -0.58recent -0.35prior +0.23beyond mkt -0.08

FMC FMC Corporation

Δ -0.56recent -0.38prior +0.19beyond mkt -0.05

BWMN Bowman Consulting Group Ltd. Common Stock

Δ -0.53recent -0.10prior +0.43beyond mkt +0.05

Hidden links

Strong beyond-the-market co-movement with few shared neighbours.

Symbol	beyond mkt	raw ρ	shared
UFO Procure ETF Trust II Procure Space ETF	+0.49	+0.73	10
XLI State Street Industrial Select Sector SPDR ETF	+0.45	+0.72	10
RKLB Rocket Lab Corporation Common Stock	+0.40	+0.65	9
FITE State Street SPDR S&P Kensho Future Security ETF	+0.56	+0.76	15
TDG TransDigm Group Incorporated	+0.41	+0.56	14
ITA iShares U.S. Aerospace & Defense ETF	+0.80	+0.90	22