Do AV and GCAD hold the same stocks?

By their latest filings, 37% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.

Which is more different from the S&P 500, AV or GCAD?

AV has 67% of its weight in S&P 500 names and GCAD has 40%, so AV differs more from the index.

Which is cheaper, AV or GCAD?

AV charges 0.35% a year and GCAD charges 0.10%, so GCAD is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

AV vs GCAD: Holdings Overlap & Returns

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AV and GCAD hold 37% of their weight in the same names.

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Net assets: $800,703 on Nov 4, 2026 for Corgi Aerospace & Commercial Aviation ETF, and $44m on Jun 30, 2026 for Gabelli Commercial Aerospace and Defense ETF.

AV on its own →GCAD on its own →

At a glance

67.0%

AV in the S&P 500

40.1%

GCAD in the S&P 500

+1.0%

AV total return, 6 months

+9.4%

GCAD total return, 1 year

AV · 6 months to Nov 4, 2026 33% of its weight is outside the S&P 500

67% of AV's weight is in S&P 500 companies and 33% is outside the index. Holdings as of Nov 4, 2026.

GCAD · 1 year to Nov 4, 2026 60% of its weight is outside the S&P 500

40% of GCAD's weight is in S&P 500 companies and 60% is outside the index. Holdings as of Jun 30, 2026.

Pair scorecard

GCAD costs 0.25 points a year less.

AV vs GCAD: Holdings Overlap & Returns
Measure	AV	GCAD
Return
Measure	AV	GCAD
Total return, 1 year	not published	+9.4%
Drawdown
Measure	AV	GCAD
Below its all-time high	10.0%, high on Aug 5, 2026	15.6%, high on Aug 14, 2026
Benchmark
Measure	AV	GCAD
What it tracks	Defense	Defense
Cost and size
Measure	AV	GCAD
Expense ratio	0.35%	0.10%
Net assets, AV as of Nov 4, 2026 and GCAD as of Jun 30, 2026	$800,703	$44m
Holdings
Measure	AV	GCAD
Holdings in common	37%

Method

What they share

37%

By the books each fund has filed, AV and GCAD hold 37% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 4, 2026.

50%

0 half 100%

half

37% in common

Positions both hold · largest shared weight first AV GCAD

RTX Corp 9.81% 4.14%

Lockheed Martin Corp 5.35% 3.97%

Northrop Grumman Corp 4.33% 3.48%

Boeing Co 3.45% 5.20%

Howmet Aerospace Inc 4.16% 2.60%

General Dynamics Corp 5.47% 2.39%

ATI Inc 2.28% 2.29%

TransDigm Group Inc 3.65% 2.03%

Woodward Inc 1.96% 2.10%

Textron Inc 1.69% 3.87%

GE AEROSPACE 10.86% 1.55%

Carpenter Technology Corp 1.31% 1.41%

Only in one fund ↓

Only in AV

United Parcel Service Inc 4.45%

Delta Air Lines Inc 4.01%

FedEx Corp 3.70%

United Airlines Holdings Inc 3.12%

Ryanair Holdings PLC 2.61%

AerCap Holdings NV 2.48%

Southwest Airlines Co 2.23%

FTAI Aviation Ltd 1.75%

Only in GCAD

ALBANY INTERNATIONAL CORP 6.84%

L3HARRIS TECHNOLOGIES INC 4.01%

MERCURY SYSTEMS INC 3.93%

CRANE COMPANY 3.06%

CURTISS-WRIGHT CORP 2.44%

ASTRONICS CORP 2.29%

HONEYWELL INTERNATIONAL INC 2.01%

HONEYWELL AEROSPACE INC 1.98%

Check overlap with more funds →

Window by window

Window by window: AV vs GCAD: Holdings Overlap & Returns
	Total return
Window	AV	GCAD
3 months	−10.0%	−14.0%
6 months	+1.0%	−7.1%
1 year	–	+9.4%
3 years	–	+105.6%
Since launchNot the same days: AV May 2026 · GCAD Jan 2023	+1.0%	+117.4%

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Side by side

AV Corgi Aerospace & Commercial Aviation ETF · Holds 39 stocks in defense, 67% of its weight in S&P 500 companies GCAD Gabelli Commercial Aerospace and Defense ETF · Holds 51 stocks in defense, 40% of its weight in S&P 500 companies

Issuer Corgi Gabelli

Theme Defense Defense

In the S&P 500 67.0% 40.1%

Active share vs the S&P 500 97.6% 97.2%

In the Nasdaq-100 0.0% 4.4%

Holdings 39 51

Top ten, share of the fund 55.8% 47.5%

Expense ratio 0.35% 0.10%

Fee for the differing part 0.36% 0.10%

Total return, 1 year +1.0% (since launch, May 6, 2026) +9.4%

vs its benchmark not measured not measured

Below its high −10.0% −15.6%

Net assets, AV as of Nov 4, 2026 and GCAD as of Jun 30, 2026 $800,703 $44m

As of Nov 4, 2026. Source: ETFIQ.

37% of the two portfolios are the same securities at the same weight.

Alert

About each fund

By weight, 67% of AV'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 56% of the fund across 39 positions, as published by its issuer for Nov 4, 2026. Since it first traded on May 6, 2026 the fund returned +1.0% with distributions reinvested. It sits 10.0% below its all-time high of Aug 5, 2026.

GCAD

By weight, 40% of GCAD'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 48% of the fund across 51 positions, as filed for Jun 30, 2026. Over the year to Nov 4, 2026 the fund returned +9.4% with distributions reinvested. It sits 15.6% below its all-time high of Aug 14, 2026.

Questions people ask

Do AV and GCAD hold the same stocks?: By their latest filings, 37% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, AV or GCAD?: AV has 67% of its weight in S&P 500 names and GCAD has 40%, so AV differs more from the index.
Which is cheaper, AV or GCAD?: AV charges 0.35% a year and GCAD charges 0.10%, so GCAD is cheaper. Fees come from each fund's prospectus.

Other comparisons

AV vs FOWF AV vs EUAD AV vs WR AV vs WAR GCAD vs KDEF GCAD vs MISL GCAD vs IDEF GCAD vs SHLD

Where to next

All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →AV on its own →GCAD on its own →AV holdings →GCAD dividend history →GCAD holdings →Method →Standards and sources →

Sources and dates

AV filings on SEC EDGAR ↗

AV prospectus with the expense ratio (SEC) ↗

Corgi website ↗

GCAD filings on SEC EDGAR ↗

GCAD prospectus with the expense ratio (SEC) ↗

Gabelli website ↗

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.

Cite this pageCitation, APA and Markdown

ETFIQ, AV against GCAD, data as of Nov 4, 2026. https://etfiq.com/compare/themes/av-vs-gcad

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.