Data as of .
GCAD vs WDGF: which is really different?
GCAD and WDGF hold 33% of their weight in the same names, and GCAD returned more over the year.
ETFIQ Off-Index Score: WDGF scores higher
How much of it is not the index it is sold as an alternative to?
A percentile among the 379 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it · How it is computed
33% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, GCAD and WDGF hold 33% of their money in the same securities at the same weight.
| Holding | GCAD | WDGF |
|---|---|---|
| RTX CORP | 4.14% | 5.46% |
| LOCKHEED MARTIN CORP | 3.98% | 4.94% |
| NORTHROP GRUMMAN CORP | 3.48% | 4.92% |
| L3HARRIS TECHNOLOGIES INC | 4.01% | 3.33% |
| BOEING COMPANY (THE) | 5.20% | 2.55% |
| GENERAL DYNAMICS CORP | 2.40% | 5.19% |
| TRANSDIGM GROUP INC | 2.04% | 2.75% |
| CURTISS-WRIGHT CORP | 2.45% | 1.81% |
| HEICO CORP | 1.29% | 2.04% |
| WOODWARD INC | 2.10% | 1.07% |
| LEONARDO DRS INC | 0.88% | 0.72% |
| HUNTINGTON INGALLS INDUSTRIES INC | 0.66% | 0.61% |
| Only in GCAD | Only in WDGF |
|---|---|
| ALBANY INTERNATIONAL CORP 6.84% | BAE SYSTEMS PLC 5.04% |
| HEXCEL CORP 4.58% | THALES SA 3.35% |
| TEXTRON INC 3.87% | ROLLS-ROYCE HOLDINGS PLC 3.04% |
| UNITED STATES OF AMERICA - BUREAU OF THE 3.09% | HANWHA AEROSPACE CO LTD 2.51% |
| CRANE COMPANY 3.06% | ROCKET LAB CORP 2.33% |
| HOWMET AEROSPACE INC 2.61% | HINDUSTAN AERONAUTICS LTD 2.09% |
| ATI INC 2.29% | LEONARDO SPA 2.07% |
| ASTRONICS CORP 2.29% | BHARAT ELECTRONICS LTD 2.06% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| GCAD | WDGF | GCAD | WDGF | GCAD | WDGF | |
| 3 months | −11.3% | −2.8% | −13.5 pts | −5.1 pts | −8.8 pts | −0.3 pts |
| 6 months | −0.8% | −8.3% | −18.8 pts | −26.3 pts | −25.0 pts | −32.5 pts |
| 1 year | +14.2% | −0.4% | −2.4 pts | −17.0 pts | −7.6 pts | −22.2 pts |
| 3 years | +120.8% | not published | +42.4 pts | not published | +22.6 pts | not published |
| Since launch | +121.0% | +0.5% | +12.9 pts | −17.0 pts | −56.0 pts | −23.1 pts |
| GCAD Gabelli Commercial Aerospace and Defense ETF Holds 54 stocks in defense, 40% of its weight in S&P 500 companies | WDGF WisdomTree Global Defense Fund Holds 115 stocks in defense, 35% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Gabelli | WisdomTree |
| Theme | Defense | Defense |
| In the S&P 500 | 40.2% | 34.9% |
| Active share vs the S&P 500 | 97.2% | 98.3% |
| In the Nasdaq-100 | 2.5% | 4.7% |
| Holdings | 54 | 115 |
| Top ten, share of the fund | 47.5% | 44.3% |
| Expense ratio | 0.90% | 0.45% |
| Fee for the differing part | 0.93% | 0.46% |
| Total return, 1 year | +14.2% | −0.4% |
| vs the S&P 500 | −2.4 pts | −17.0 pts |
| vs the Nasdaq-100 | −7.6 pts | −22.2 pts |
| Below its high | −14.2% | −14.8% |
| Net assets | $44m | $5m |
GCAD in plain words
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 54 positions, as filed for Jun 30, 2026. Over the year to Sep 18, 2026 the fund returned +14.2% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 2.4 pts. It sits 14.2% below its all-time high of Aug 14, 2026.
WDGF in plain words
By weight, 35% of WDGF'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 44% of the fund across 115 positions, as filed for Jun 30, 2026. Over the year to Sep 18, 2026 the fund returned −0.4% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 17.0 pts. It sits 14.8% below its all-time high of Mar 9, 2026.
Questions people ask
- Do GCAD and WDGF hold the same stocks?
- By their latest filings, 33% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, GCAD or WDGF?
- GCAD has 40% of its weight in S&P 500 names and WDGF has 35%, so WDGF differs more from the index.
- Which is cheaper, GCAD or WDGF?
- GCAD charges 0.90% a year and WDGF charges 0.45%, so WDGF is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, GCAD against WDGF, data as of Sep 18, 2026. https://etfiq.com/compare/themes/gcad-vs-wdgf Free to use with attribution; the underlying files are at Open data.