Do GCAD and XDEF hold the same stocks?

By their latest filings, 4% 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 XDEF?

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

Which is cheaper, GCAD or XDEF?

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

Data as of Nov 4, 2026.

Thematic ETFs

GCAD vs XDEF: Holdings Overlap & Returns

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GCAD and XDEF hold 4% 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 $4.3m on Nov 2, 2026 for Xtrackers Europe Defense Technologies ETF.

GCAD on its own →XDEF on its own →

At a glance

40.1%

GCAD in the S&P 500

0.0%

XDEF in the S&P 500

+9.4%

GCAD total return, 1 year

−12.4%

XDEF total return, since launch, Feb 19, 2026

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.

XDEF · 6 months to Nov 4, 2026 100% of its weight is outside the S&P 500

0% of XDEF's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Aug 31, 2026.

Pair scorecard

GCAD costs 0.25 points a year less.

GCAD vs XDEF: Holdings Overlap & Returns
Measure	GCAD	XDEF
Return
Measure	GCAD	XDEF
Total return, 1 year	+9.4%	not published
Drawdown
Measure	GCAD	XDEF
Below its all-time high	15.6%, high on Aug 14, 2026	13.0%, high on Feb 20, 2026
Benchmark
Measure	GCAD	XDEF
What it tracks	Defense	Defense
Cost and size
Measure	GCAD	XDEF
Expense ratio	0.10%	0.35%
Net assets, GCAD as of Jun 30, 2026 and XDEF as of Nov 2, 2026	$44m	$4.3m
Holdings
Measure	GCAD	XDEF
Holdings in common	4%

Method

What they share

By the books each fund has filed, GCAD and XDEF hold 4% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Aug 31, 2026.

50%

0 half 100%

half

4% in common

Positions both hold · largest shared weight first GCAD XDEF

AAR CORP 1.67% 8.40%

MTU AERO ENGINES AG 0.77% 4.83%

RENK GROUP AG 0.65% 2.48%

SENIOR PLC 0.64% 0.90%

RHEINMETALL AG 0.46% 6.81%

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 XDEF

ROLLS-ROYCE HOLDINGS PLC 9.20%

SAFRAN SA 8.53%

BAE SYSTEMS PLC 7.93%

SAAB AB 4.90%

MELROSE INDUSTRIES PLC 4.66%

KONGSBERG GRUPPEN ASA 4.47%

THALES SA 4.31%

LEONARDO SPA 4.04%

Check overlap with more funds →

Window by window

Window by window: GCAD vs XDEF: Holdings Overlap & Returns
	Total return
Window	GCAD	XDEF
3 months	−14.0%	−9.7%
6 months	−7.1%	−5.7%
1 year	+9.4%	–
3 years	+105.6%	–
Since launchNot the same days: GCAD Jan 2023 · XDEF Feb 2026	+117.4%	−12.4%

– 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 XDEF Xtrackers Europe Defense Technologies ETF · Holds 35 stocks in defense, 0% of its weight in S&P 500 companies

Issuer Gabelli Xtrackers

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 35

Top ten, share of the fund 47.5% 64.0%

Expense ratio 0.10% 0.35%

Fee for the differing part 0.10% 0.35%

Total return, 1 year +9.4% −12.4% (since launch, Feb 19, 2026)

vs its benchmark not measured not measured

Below its high −15.6% −13.0%

Net assets, GCAD as of Jun 30, 2026 and XDEF as of Nov 2, 2026 $44m $4.3m

As of Nov 4, 2026. Source: ETFIQ.

4% 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.

XDEF

By weight, 0% of XDEF'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 64% of the fund across 35 positions, as filed for Aug 31, 2026. Since it first traded on Feb 19, 2026 the fund returned −12.4% with distributions reinvested. It sits 13.0% below its all-time high of Feb 20, 2026.

Questions people ask

Do GCAD and XDEF hold the same stocks?: By their latest filings, 4% 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 XDEF?: GCAD has 40% of its weight in S&P 500 names and XDEF has 0%, so XDEF differs more from the index.
Which is cheaper, GCAD or XDEF?: GCAD charges 0.10% a year and XDEF charges 0.35%, so GCAD is cheaper. Fees come from each fund's prospectus.

Other comparisons

GCAD vs WDGF GCAD vs TSSD GCAD vs AMMO GCAD vs DUTY XDEF vs KDEF XDEF vs MISL XDEF vs IDEF XDEF vs SHLD

Where to next

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

Sources and dates

GCAD filings on SEC EDGAR ↗

GCAD prospectus with the expense ratio (SEC) ↗

Gabelli website ↗

XDEF filings on SEC EDGAR ↗

XDEF prospectus with the expense ratio (SEC) ↗

Xtrackers 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 XDEF, data as of Nov 4, 2026. https://etfiq.com/compare/themes/gcad-vs-xdef

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