Data as of Nov 4, 2026.
FOWF vs GCAD: Holdings Overlap & Returns
Over the year to Nov 4, 2026, FOWF returned +12.2% to GCAD's +9.4%; 28% of their weight is in the same names.
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Net assets: $15m on Nov 3, 2026 for Pacer Solactive Whitney Future of Warfare ETF, and $44m on Jun 30, 2026 for Gabelli Commercial Aerospace and Defense ETF.
75% of FOWF's weight is in S&P 500 companies and 25% is outside the index. Holdings as of Jul 31, 2026.
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 0.39 points a year less; their one-year returns differ by 2.8 points.
Points (pts) are percentage points.
| Measure | FOWF | GCAD |
|---|---|---|
| Return | ||
| Total return, 1 year | +12.2% | +9.4% |
| Drawdown | ||
| Below its all-time high | 7.6%, high on Aug 14, 2026 | 15.6%, high on Aug 14, 2026 |
| Against its benchmark | ||
| What it tracks | Defense | Defense |
| Its benchmark, total return, 1 year | +15.2% | |
| Against its benchmark, 1 year | behind by 3.0 pts | |
| Cost and size | ||
| Expense ratio | 0.49% | 0.10% |
| Net assets, FOWF as of Nov 3, 2026 and GCAD as of Jun 30, 2026 | $15m | $44m |
| Holdings | ||
| Holdings in common | 28% | |
What they share
By the books each fund has filed, FOWF and GCAD hold 28% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.
half
28% in common
Only in one fund ↓
Window by window
| Total return | vs its benchmark | |||
|---|---|---|---|---|
| Window | FOWF | GCAD | FOWF | GCAD |
| 3 months | −5.9% | −14.0% | −5.3 pts vs URTH | not measured |
| 6 months | +3.4% | −7.1% | −0.9 pts vs URTH | not measured |
| 1 year | +12.2% | +9.4% | −3.0 pts vs URTH | not measured |
| 3 years | – | +105.6% | – | not measured |
| Since launchNot the same days: FOWF Dec 2024 · GCAD Jan 2023 | +44.8% | +117.4% | +8.0 pts vs URTH | not measured |
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Side by side
As of Nov 4, 2026. Source: ETFIQ.
28% of the two portfolios are the same securities at the same weight.
FOWF
By weight, 75% of FOWF's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 88%. The top ten holdings are 47% of the fund across 91 positions, as filed for Jul 31, 2026. Over the year to Nov 4, 2026 the fund returned +12.2% with distributions reinvested against +15.2% for its benchmark, the MSCI World Index, so a holder was behind by 3.0 pts. It sits 7.6% below its all-time high of Aug 14, 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 FOWF and GCAD hold the same stocks?
- By their latest filings, 28% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
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, FOWF against GCAD, data as of Nov 4, 2026. https://etfiq.com/compare/themes/fowf-vs-gcad
ETFIQ. (Nov 4, 2026). FOWF against GCAD. Retrieved from https://etfiq.com/compare/themes/fowf-vs-gcad
[FOWF against GCAD (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/themes/fowf-vs-gcad)
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