Do EUAD and GCAD hold the same stocks?

By their latest filings, 1% 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, EUAD or GCAD?

EUAD has 0% of its weight in S&P 500 names and GCAD has 40%, so EUAD differs more from the index.

Which is cheaper, EUAD or GCAD?

EUAD charges 0.50% 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

EUAD vs GCAD: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, EUAD returned −8.0% to GCAD's +9.4%; 1% of their weight is in the same names.

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Net assets: $1.1bn on Aug 31, 2026 for Select STOXX Europe Aerospace & Defense ETF, and $44m on Jun 30, 2026 for Gabelli Commercial Aerospace and Defense ETF.

EUAD on its own →GCAD on its own →

At a glance

0.0%

EUAD in the S&P 500

40.1%

GCAD in the S&P 500

−8.0%

EUAD total return, 1 year

+9.4%

GCAD total return, 1 year

EUAD · 1 year to Nov 4, 2026 13 positions, 28% of its net assets

EUAD holds 13 positions, 28% of its net assets. Holdings as of Aug 31, 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 0.40 points a year less; their one-year returns differ by 17.4 points.

EUAD vs GCAD: Holdings Overlap & Returns
Measure	EUAD	GCAD
Return
Measure	EUAD	GCAD
Total return, 1 year	−8.0%	+9.4%
Drawdown
Measure	EUAD	GCAD
Below its all-time high	16.7%, high on Jan 13, 2026	15.6%, high on Aug 14, 2026
Benchmark
Measure	EUAD	GCAD
What it tracks	Defense	Defense
Cost and size
Measure	EUAD	GCAD
Expense ratio	0.50%	0.10%
Net assets, EUAD as of Aug 31, 2026 and GCAD as of Jun 30, 2026	$1.1bn	$44m
Holdings
Measure	EUAD	GCAD
Holdings in common	1%

Method

What they share

By the books each fund has filed, EUAD and GCAD hold 1% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Aug 31, 2026.

50%

0 half 100%

half

1% in common

Positions both hold · largest shared weight first EUAD GCAD

MTU Aero Engines AG 4.63% 0.77%

Rheinmetall AG 1.72% 0.46%

Only in one fund ↓

Only in EUAD

Airbus SE 4.58%

Leonardo SpA 2.82%

Saab AB 2.75%

Thales SA 2.49%

BAE Systems PLC 2.38%

Hensoldt AG 1.77%

Babcock International Group PLC 1.50%

Rolls-Royce Holdings PLC 1.11%

Only in GCAD

ALBANY INTERNATIONAL CORP 6.84%

MOOG INC 6.20%

BOEING COMPANY (THE) 5.20%

DUCOMMUN INC 4.74%

HEXCEL CORP 4.57%

RTX CORP 4.14%

L3HARRIS TECHNOLOGIES INC 4.01%

LOCKHEED MARTIN CORP 3.97%

Check overlap with more funds →

Window by window

Window by window: EUAD vs GCAD: Holdings Overlap & Returns
	Total return
Window	EUAD	GCAD
3 months	−14.6%	−14.0%
6 months	−7.2%	−7.1%
1 year	−8.0%	+9.4%
3 years	–	+105.6%
Since launchNot the same days: EUAD Oct 2024 · GCAD Jan 2023	+60.5%	+117.4%

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Side by side

EUAD Select STOXX Europe Aerospace & Defense ETF · Holds 13 stocks in defense, 0% 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 Tuttle Gabelli

Theme Defense Defense

In the S&P 500 0.0% 40.1%

Active share vs the S&P 500 100.0% 97.2%

In the Nasdaq-100 0.0% 4.4%

Holdings 13 51

Top ten, share of the fund 25.8% 47.5%

Expense ratio 0.50% 0.10%

Fee for the differing part 0.50% 0.10%

Total return, 1 year −8.0% +9.4%

vs its benchmark not measured not measured

Below its high −16.7% −15.6%

Net assets, EUAD as of Aug 31, 2026 and GCAD as of Jun 30, 2026 $1.1bn $44m

As of Nov 4, 2026. Source: ETFIQ.

1% of the two portfolios are the same securities at the same weight.

Alert

About each fund

EUAD

By weight, 0% of EUAD'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 26% of the fund across 13 positions, as filed for Aug 31, 2026. Over the year to Nov 4, 2026 the fund returned −8.0% with distributions reinvested. It sits 16.7% below its all-time high of Jan 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 EUAD and GCAD hold the same stocks?: By their latest filings, 1% 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, EUAD or GCAD?: EUAD has 0% of its weight in S&P 500 names and GCAD has 40%, so EUAD differs more from the index.
Which is cheaper, EUAD or GCAD?: EUAD charges 0.50% a year and GCAD charges 0.10%, so GCAD is cheaper. Fees come from each fund's prospectus.

Other comparisons

EUAD vs FOWF EUAD vs XAR EUAD vs SHLD EUAD vs PPA GCAD vs MISL GCAD vs IDEF GCAD vs SHLD GCAD vs PPA

Where to next

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

Sources and dates

EUAD filings on SEC EDGAR ↗

EUAD prospectus with the expense ratio (SEC) ↗

Tuttle 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, EUAD against GCAD, data as of Nov 4, 2026. https://etfiq.com/compare/themes/euad-vs-gcad

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