Do GCAD and WR hold the same stocks?

By their latest filings, 21% 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 WR?

GCAD has 40% of its weight in S&P 500 names and WR has 68%, so GCAD differs more from the index.

Which is cheaper, GCAD or WR?

GCAD charges 0.10% a year and WR charges 0.35%, so GCAD is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

GCAD vs WR: Holdings Overlap & Returns

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GCAD and WR hold 21% of their weight in the same names.

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Net assets: $44m on Jun 30, 2026 for Gabelli Commercial Aerospace and Defense ETF, and $932,169 on Nov 4, 2026 for Corgi U.S. War Machine ETF.

GCAD on its own →WR on its own →

At a glance

40.1%

GCAD in the S&P 500

68.0%

WR in the S&P 500

+9.4%

GCAD total return, 1 year

+6.4%

WR total return, 6 months

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.

WR · 6 months to Nov 4, 2026 32% of its weight is outside the S&P 500

68% of WR's weight is in S&P 500 companies and 32% is outside the index. Holdings as of Nov 4, 2026.

Pair scorecard

GCAD costs 0.25 points a year less.

GCAD vs WR: Holdings Overlap & Returns
Measure	GCAD	WR
Return
Measure	GCAD	WR
Total return, 1 year	+9.4%	not published
Drawdown
Measure	GCAD	WR
Below its all-time high	15.6%, high on Aug 14, 2026	7.2%, high on Oct 30, 2026
Benchmark
Measure	GCAD	WR
What it tracks	Defense	Defense
Cost and size
Measure	GCAD	WR
Expense ratio	0.10%	0.35%
Net assets, GCAD as of Jun 30, 2026 and WR as of Nov 4, 2026	$44m	$932,169
Holdings
Measure	GCAD	WR
Holdings in common	21%

Method

What they share

21%

By the books each fund has filed, GCAD and WR hold 21% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 4, 2026.

50%

0 half 100%

half

21% in common

Positions both hold · largest shared weight first GCAD WR

RTX CORP 4.14% 5.22%

LOCKHEED MARTIN CORP 3.97% 4.02%

HOWMET AEROSPACE INC 2.60% 2.41%

GENERAL DYNAMICS CORP 2.39% 3.01%

TRANSDIGM GROUP INC 2.03% 1.83%

ATI INC 2.29% 1.34%

MOOG INC 6.20% 0.73%

HUNTINGTON INGALLS INDUSTRIES INC 0.66% 0.91%

HEXCEL CORP 4.57% 0.63%

MERCURY SYSTEMS INC 3.93% 0.48%

LEIDOS HOLDINGS INC 0.46% 1.12%

BWX TECHNOLOGIES INC 0.46% 0.64%

Only in one fund ↓

Only in GCAD

ALBANY INTERNATIONAL CORP 6.84%

BOEING COMPANY (THE) 5.20%

DUCOMMUN INC 4.74%

L3HARRIS TECHNOLOGIES INC 4.01%

TEXTRON INC 3.87%

NORTHROP GRUMMAN CORP 3.48%

CRANE COMPANY 3.06%

CURTISS-WRIGHT CORP 2.44%

Only in WR

ExxonMobil Holdings Corp 9.02%

Chevron Corp 6.68%

Marathon Petroleum Corp 4.13%

ConocoPhillips 4.11%

Phillips 66 3.90%

Valero Energy Corp 3.84%

EOG Resources Inc 2.76%

Williams Cos Inc 2.50%

Check overlap with more funds →

Window by window

Window by window: GCAD vs WR: Holdings Overlap & Returns
	Total return
Window	GCAD	WR
3 months	−14.0%	+2.8%
6 months	−7.1%	+6.4%
1 year	+9.4%	–
3 years	+105.6%	–
Since launchNot the same days: GCAD Jan 2023 · WR May 2026	+117.4%	+6.4%

– 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 WR Corgi U.S. War Machine ETF · Holds 56 stocks in defense, 68% of its weight in S&P 500 companies

Issuer Gabelli Corgi

Theme Defense Defense

In the S&P 500 40.1% 68.0%

Active share vs the S&P 500 97.2% 96.6%

In the Nasdaq-100 4.4% 9.9%

Holdings 51 56

Top ten, share of the fund 47.5% 49.5%

Expense ratio 0.10% 0.35%

Fee for the differing part 0.10% 0.36%

Total return, 1 year +9.4% +6.4% (since launch, May 6, 2026)

vs its benchmark not measured not measured

Below its high −15.6% −7.2%

Net assets, GCAD as of Jun 30, 2026 and WR as of Nov 4, 2026 $44m $932,169

As of Nov 4, 2026. Source: ETFIQ.

21% 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.

By weight, 68% of WR'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 50% of the fund across 56 positions, as published by its issuer for Nov 4, 2026. Since it first traded on May 6, 2026 the fund returned +6.4% with distributions reinvested. It sits 7.2% below its all-time high of Oct 30, 2026.

Questions people ask

Do GCAD and WR hold the same stocks?: By their latest filings, 21% 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 WR?: GCAD has 40% of its weight in S&P 500 names and WR has 68%, so GCAD differs more from the index.
Which is cheaper, GCAD or WR?: GCAD charges 0.10% a year and WR charges 0.35%, so GCAD is cheaper. Fees come from each fund's prospectus.

Other comparisons

GCAD vs AV GCAD vs WDGF GCAD vs WDEF GCAD vs MISL WR vs XAR WR vs NATO WR vs KDEF WR vs XDEF

Where to next

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

Sources and dates

GCAD filings on SEC EDGAR ↗

GCAD prospectus with the expense ratio (SEC) ↗

Gabelli website ↗

WR filings on SEC EDGAR ↗

WR prospectus with the expense ratio (SEC) ↗

Corgi 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, GCAD against WR, data as of Nov 4, 2026. https://etfiq.com/compare/themes/gcad-vs-wr

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