Data as of .
GCAD vs WR: which is really different?
GCAD and WR hold 21% of their weight in the same names.
ETFIQ Off-Index Score: GCAD 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
21% 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 WR hold 21% of their money in the same securities at the same weight.
| Holding | GCAD | WR |
|---|---|---|
| RTX CORP | 4.14% | 5.04% |
| LOCKHEED MARTIN CORP | 3.98% | 3.55% |
| HOWMET AEROSPACE INC | 2.61% | 2.55% |
| GENERAL DYNAMICS CORP | 2.40% | 2.87% |
| TRANSDIGM GROUP INC | 2.04% | 1.61% |
| ATI INC | 2.29% | 1.42% |
| MOOG INC | 6.20% | 0.81% |
| HUNTINGTON INGALLS INDUSTRIES INC | 0.66% | 0.81% |
| HEXCEL CORP | 4.58% | 0.65% |
| MERCURY SYSTEMS INC | 3.93% | 0.57% |
| LEIDOS HOLDINGS INC | 0.46% | 1.04% |
| BWX TECHNOLOGIES INC | 0.46% | 0.76% |
| Only in GCAD | Only in WR |
|---|---|
| ALBANY INTERNATIONAL CORP 6.84% | ExxonMobil Holdings Corp 8.60% |
| BOEING COMPANY (THE) 5.20% | Chevron Corp 6.37% |
| DUCOMMUN INC 4.74% | Marathon Petroleum Corp 4.41% |
| L3HARRIS TECHNOLOGIES INC 4.01% | Valero Energy Corp 4.29% |
| TEXTRON INC 3.87% | Phillips 66 4.04% |
| NORTHROP GRUMMAN CORP 3.48% | ConocoPhillips 3.90% |
| UNITED STATES OF AMERICA - BUREAU OF THE 3.09% | EOG Resources Inc 2.67% |
| CRANE COMPANY 3.06% | Williams Cos Inc/The 2.61% |
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 and Sep 18, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| GCAD | WR | GCAD | WR | GCAD | WR | |
| 3 months | −11.3% | +11.1% | −13.5 pts | +8.8 pts | −8.8 pts | +13.6 pts |
| 6 months | −0.8% | not published | −18.8 pts | not published | −25.0 pts | not published |
| 1 year | +14.2% | not published | −2.4 pts | not published | −7.6 pts | not published |
| 3 years | +120.8% | not published | +42.4 pts | not published | +22.6 pts | not published |
| Since launch | +121.0% | +7.9% | +12.9 pts | +3.6 pts | −56.0 pts | +4.1 pts |
| GCAD Gabelli Commercial Aerospace and Defense ETF Holds 54 stocks in defense, 40% of its weight in S&P 500 companies | WR Corgi U.S. War Machine ETF Holds 57 stocks in defense, 70% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Gabelli | Corgi |
| Theme | Defense | Defense |
| In the S&P 500 | 40.2% | 70.0% |
| Active share vs the S&P 500 | 97.2% | 96.6% |
| In the Nasdaq-100 | 2.5% | 9.2% |
| Holdings | 54 | 57 |
| Top ten, share of the fund | 47.5% | 48.7% |
| Expense ratio | 0.90% | not published |
| Fee for the differing part | 0.93% | not published |
| Total return, 1 year | +14.2% | +7.9% (since launch on May 6, 2026) |
| vs the S&P 500 | −2.4 pts | +3.6 pts |
| vs the Nasdaq-100 | −7.6 pts | +4.1 pts |
| Below its high | −14.2% | −3.9% |
| Net assets | $44m | $945,672 |
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.
WR in plain words
By weight, 70% 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 49% of the fund across 57 positions, as published by its issuer for Sep 18, 2026. Since it launched on May 6, 2026 the fund returned +7.9% with distributions reinvested against +4.3% for the S&P 500, so a holder was ahead by 3.6 pts.
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, 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 WR?
- GCAD has 40% of its weight in S&P 500 names and WR has 70%, so GCAD differs more from the index.
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 WR, data as of Sep 18, 2026. https://etfiq.com/compare/themes/gcad-vs-wr Free to use with attribution; the underlying files are at Open data.