Do DUTY and GCAD hold the same stocks?

By their latest filings, 22% 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, DUTY or GCAD?

DUTY has 62% of its weight in S&P 500 names and GCAD has 40%, so DUTY differs more from the index.

Which is cheaper, DUTY or GCAD?

DUTY charges 0.45% 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

DUTY vs GCAD: Holdings Overlap & Returns

Share on X Download as PDF

DUTY and GCAD hold 22% of their weight in the same names.

askIQ about this page

askIQ about DUTY and GCAD

Net assets on Jun 30, 2026: $2.1m for U.S. Defense ETF and $44m for Gabelli Commercial Aerospace and Defense ETF.

DUTY on its own →GCAD on its own →

At a glance

61.7%

DUTY in the S&P 500

40.1%

GCAD in the S&P 500

+7.2%

DUTY total return, since launch, Apr 8, 2026

+9.4%

GCAD total return, 1 year

DUTY · 6 months to Nov 4, 2026 38% of its weight is outside the S&P 500

62% of DUTY's weight is in S&P 500 companies and 38% is outside the index. Holdings as of Jun 30, 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 0.35 points a year less; GCAD is far larger, $44m against $2.1m.

DUTY vs GCAD: Holdings Overlap & Returns
Measure	DUTY	GCAD
Return
Measure	DUTY	GCAD
Total return, 1 year	not published	+9.4%
Drawdown
Measure	DUTY	GCAD
Below its all-time high	9.0%, high on Aug 13, 2026	15.6%, high on Aug 14, 2026
Benchmark
Measure	DUTY	GCAD
What it tracks	Defense	Defense
Cost and size
Measure	DUTY	GCAD
Expense ratio	0.45%	0.10%
Net assets, as of Jun 30, 2026	$2.1m	$44m
Holdings
Measure	DUTY	GCAD
Holdings in common	22%

Method

What they share

22%

By the books each fund has filed, DUTY and GCAD hold 22% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026.

50%

0 half 100%

half

22% in common

Positions both hold · largest shared weight first DUTY GCAD

L3Harris Technologies Inc 6.83% 4.01%

Lockheed Martin Corp 7.32% 3.97%

Northrop Grumman Corp 6.60% 3.48%

Moog Inc 2.53% 6.20%

General Dynamics Corp 7.55% 2.39%

Mercury Systems Inc 1.33% 3.93%

Huntington Ingalls Industries 2.45% 0.66%

Leonardo DRS Inc 0.53% 0.88%

Ducommun Inc 0.51% 4.74%

Firefly Aerospace Inc 0.47% 0.79%

Leidos Holdings Inc 2.73% 0.46%

Palantir Technologies Inc 5.96% 0.45%

Only in one fund ↓

Only in DUTY

Rocket Lab Corp 5.34%

Palo Alto Networks Inc 5.20%

Fortinet Inc 4.91%

Crowdstrike Holdings Inc 4.63%

Okta Inc 4.61%

Teledyne Technologies Inc 4.34%

Akamai Technologies Inc 3.14%

Check Point Software Technolog 2.88%

Only in GCAD

ALBANY INTERNATIONAL CORP 6.84%

BOEING COMPANY (THE) 5.20%

HEXCEL CORP 4.57%

RTX CORP 4.14%

TEXTRON INC 3.87%

CRANE COMPANY 3.06%

HOWMET AEROSPACE INC 2.60%

CURTISS-WRIGHT CORP 2.44%

Check overlap with more funds →

Window by window

Window by window: DUTY vs GCAD: Holdings Overlap & Returns
	Total return
Window	DUTY	GCAD
3 months	−2.5%	−14.0%
6 months	+13.4%	−7.1%
1 year	–	+9.4%
3 years	–	+105.6%
Since launchNot the same days: DUTY Apr 2026 · GCAD Jan 2023	+7.2%	+117.4%

– means no data for this window. Open this comparison in the app →

Side by side

DUTY U.S. Defense ETF · Holds 50 stocks in defense, 62% 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 Aura Gabelli

Theme Defense Defense

In the S&P 500 61.7% 40.1%

Active share vs the S&P 500 98.1% 97.2%

In the Nasdaq-100 26.0% 4.4%

Holdings 50 51

Top ten, share of the fund 59.0% 47.5%

Expense ratio 0.45% 0.10%

Fee for the differing part 0.46% 0.10%

Total return, 1 year +7.2% (since launch, Apr 8, 2026) +9.4%

vs its benchmark not measured not measured

Below its high −9.0% −15.6%

Net assets, as of Jun 30, 2026 $2.1m $44m

As of Nov 4, 2026. Source: ETFIQ.

22% of the two portfolios are the same securities at the same weight.

Alert

About each fund

DUTY

By weight, 62% of DUTY'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 59% of the fund across 50 positions, as filed for Jun 30, 2026. Since it first traded on Apr 8, 2026 the fund returned +7.2% with distributions reinvested. It sits 9.0% below its all-time high of Aug 13, 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 DUTY and GCAD hold the same stocks?: By their latest filings, 22% 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, DUTY or GCAD?: DUTY has 62% of its weight in S&P 500 names and GCAD has 40%, so DUTY differs more from the index.
Which is cheaper, DUTY or GCAD?: DUTY charges 0.45% a year and GCAD charges 0.10%, so GCAD is cheaper. Fees come from each fund's prospectus.

Other comparisons

DUTY vs FOWF DUTY vs EUAD DUTY vs ITA DUTY vs WAR GCAD vs NATO GCAD vs KDEF GCAD vs MISL GCAD vs IDEF

Where to next

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

Sources and dates

DUTY filings on SEC EDGAR ↗

DUTY prospectus with the expense ratio (SEC) ↗

Aura 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, DUTY against GCAD, data as of Nov 4, 2026. https://etfiq.com/compare/themes/duty-vs-gcad

Open data →

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