Do GCAD and WDAF 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 WDAF?

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

Which is cheaper, GCAD or WDAF?

GCAD charges 0.10% a year and WDAF charges 0.45%, so GCAD is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

GCAD vs WDAF: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, GCAD returned +9.4% to WDAF's −16.2%; 0% of their weight is in the same names.

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Net assets on Jun 30, 2026: $44m for Gabelli Commercial Aerospace and Defense ETF and $22m for WisdomTree Asia Defense Fund.

GCAD on its own →WDAF on its own →

At a glance

40.1%

GCAD in the S&P 500

0.0%

WDAF in the S&P 500

+9.4%

GCAD total return, 1 year

−16.2%

WDAF total return, 1 year

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.

WDAF · 1 year to Nov 4, 2026 100% of its weight is outside the S&P 500

0% of WDAF's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Jun 30, 2026.

Pair scorecard

GCAD costs 0.35 points a year less; their one-year returns differ by 25.6 points; GCAD is 2.0 times larger.

GCAD vs WDAF: Holdings Overlap & Returns
Measure	GCAD	WDAF
Return
Measure	GCAD	WDAF
Total return, 1 year	+9.4%	−16.2%
Drawdown
Measure	GCAD	WDAF
Below its all-time high	15.6%, high on Aug 14, 2026	31.8%, high on May 5, 2026
Benchmark
Measure	GCAD	WDAF
What it tracks	Defense	Defense
Cost and size
Measure	GCAD	WDAF
Expense ratio	0.10%	0.45%
Net assets, as of Jun 30, 2026	$44m	$22m
Holdings
Measure	GCAD	WDAF
Holdings in common	0%

Method

What they share

By the books each fund has filed, GCAD and WDAF 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 WDAF

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 WDAF

HINDUSTAN AERONAUTICS LTD 8.00%

BHARAT ELECTRONICS LTD 7.82%

KOREA AEROSPACE INDUSTRIES LTD 7.69%

HANWHA AEROSPACE CO LTD 7.31%

LIG DEFENSE & AEROSPACE CO LTD 7.00%

HYUNDAI ROTEM COMPANY 6.84%

IHI CORP 4.57%

KAWASAKI HEAVY INDUSTRIES LTD 4.22%

Check overlap with more funds →

Window by window

Window by window: GCAD vs WDAF: Holdings Overlap & Returns
	Total return
Window	GCAD	WDAF
3 months	−14.0%	−16.4%
6 months	−7.1%	−31.3%
1 year	+9.4%	−16.2%
3 years	+105.6%	–
Since launchNot the same days: GCAD Jan 2023 · WDAF Sep 2025	+117.4%	−16.0%

– 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 WDAF WisdomTree Asia Defense Fund · Holds 61 stocks in defense, 0% of its weight in S&P 500 companies

Issuer Gabelli WisdomTree

Theme Defense Defense

In the S&P 500 40.1% 0.0%

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

In the Nasdaq-100 4.4% 0.0%

Holdings 51 61

Top ten, share of the fund 47.5% 61.6%

Expense ratio 0.10% 0.45%

Fee for the differing part 0.10% 0.45%

Total return, 1 year +9.4% −16.2%

vs its benchmark not measured not measured

Below its high −15.6% −31.8%

Net assets, as of Jun 30, 2026 $44m $22m

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.

WDAF

By weight, 0% of WDAF'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 62% of the fund across 61 positions, as filed for Jun 30, 2026. Over the year to Nov 4, 2026 the fund returned −16.2% with distributions reinvested. It sits 31.8% below its all-time high of May 5, 2026.

Questions people ask

Do GCAD and WDAF 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 WDAF?: GCAD has 40% of its weight in S&P 500 names and WDAF has 0%, so WDAF differs more from the index.
Which is cheaper, GCAD or WDAF?: GCAD charges 0.10% a year and WDAF charges 0.45%, so GCAD is cheaper. Fees come from each fund's prospectus.

Other comparisons

GCAD vs WAR GCAD vs XDEF GCAD vs AMMO GCAD vs DUTY WDAF vs WDEF WDAF vs WR WDAF vs IDEF WDAF vs XAR

Where to next

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

Sources and dates

GCAD filings on SEC EDGAR ↗

GCAD prospectus with the expense ratio (SEC) ↗

Gabelli website ↗

WDAF filings on SEC EDGAR ↗

WDAF prospectus with the expense ratio (SEC) ↗

WisdomTree page for WDAF ↗

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 WDAF, data as of Nov 4, 2026. https://etfiq.com/compare/themes/gcad-vs-wdaf

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