Do GCAD and WAR hold the same stocks?

By their latest filings, 0% 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, GCAD or WAR?

GCAD has 40% of its weight in S&P 500 names and WAR has 38%, so GCAD differs more from the index.

Which is cheaper, GCAD or WAR?

GCAD charges 0.10% a year and WAR charges 0.60%, so GCAD is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

GCAD vs WAR: Holdings Overlap & Returns

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GCAD and WAR hold 0% of their weight in the same names.

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Net assets on Jun 30, 2026: $44m for Gabelli Commercial Aerospace and Defense ETF and $41m for U.S. Global Technology and Aerospace & Defense ETF.

GCAD on its own →WAR on its own →

At a glance

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.

WAR · 3 months to Nov 4, 2026 62% of its weight is outside the S&P 500

38% of WAR's weight is in S&P 500 companies and 62% is outside the index. Holdings as of Jun 30, 2026.

Pair scorecard

GCAD costs 0.50 points a year less; GCAD is 1.1 times larger.

GCAD vs WAR: Holdings Overlap & Returns
Measure	GCAD	WAR
Return
Measure	GCAD	WAR
Total return, 1 year	+9.4%	not published
Drawdown
Measure	GCAD	WAR
Below its all-time high	15.6%, high on Aug 14, 2026	27.7%, high on Jun 2, 2026
Benchmark
Measure	GCAD	WAR
What it tracks	Defense	Defense
Cost and size
Measure	GCAD	WAR
Expense ratio	0.10%	0.60%
Net assets, as of Jun 30, 2026	$44m	$41m
Active share vs the S&P 500	97%	92%
Holdings
Measure	GCAD	WAR
Holdings in common	0%

Method

What they share

By the books each fund has filed, GCAD and WAR hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first GCAD WAR

PALANTIR TECHNOLOGIES INC 0.45% 3.18%

KARMAN HOLDINGS INC 0.02% 3.69%

Only in one fund ↓

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%

Only in WAR

Astera Labs Inc 9.45%

Axon Enterprise Inc 8.71%

Micron Technology Inc 8.54%

Mildef Group AB 7.17%

DroneShield Ltd 5.01%

Intuitive Machines Inc 4.95%

Teradyne Inc 4.93%

Electro Optic Systems Holdings 4.09%

Check overlap with more funds →

Window by window

Window by window: GCAD vs WAR: Holdings Overlap & Returns
	Total return
Window	GCAD	WAR
3 months	−14.0%	−18.5%
6 months	−7.1%	–
1 year	+9.4%	–
3 years	+105.6%	–
Since launch	+117.4%	–

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

Side by side

GCAD Gabelli Commercial Aerospace and Defense ETF · Holds 51 stocks in defense, 40% of its weight in S&P 500 companies WAR U.S. Global Technology and Aerospace & Defense ETF · Holds 28 stocks in defense, 38% of its weight in S&P 500 companies

Issuer Gabelli U.S. Global

Theme Defense Defense

In the S&P 500 40.1% 38.1%

Active share vs the S&P 500 97.2% 92.5%

In the Nasdaq-100 4.4% 48.1%

Holdings 51 28

Top ten, share of the fund 47.5% 61.0%

Expense ratio 0.10% 0.60%

Fee for the differing part 0.10% 0.65%

Total return, 1 year +9.4% not available

vs its benchmark not measured not available

Below its high −15.6% −27.7%

Net assets, as of Jun 30, 2026 $44m $41m

As of Nov 4, 2026. Source: ETFIQ.

0% of the two portfolios are the same securities at the same weight.

Alert

About each fund

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.

WAR

By weight, 38% of WAR's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 92%. The top ten holdings are 61% of the fund across 28 positions, as filed for Jun 30, 2026. It sits 27.7% below its all-time high of Jun 2, 2026.

Questions people ask

Do GCAD and WAR hold the same stocks?: By their latest filings, 0% 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, GCAD or WAR?: GCAD has 40% of its weight in S&P 500 names and WAR has 38%, so GCAD differs more from the index.
Which is cheaper, GCAD or WAR?: GCAD charges 0.10% a year and WAR charges 0.60%, so GCAD is cheaper. Fees come from each fund's prospectus.

Other comparisons

GCAD vs TSSD GCAD vs WDAF GCAD vs WDEF GCAD vs NATO WAR vs WDAF WAR vs WDEF WAR vs WR WAR vs IDEF

Where to next

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

Sources and dates

GCAD filings on SEC EDGAR ↗

GCAD prospectus with the expense ratio (SEC) ↗

Gabelli website ↗

WAR filings on SEC EDGAR ↗

WAR prospectus with the expense ratio (SEC) ↗

U.S. Global 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.

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

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