Data as of . Holdings from the fund’s latest public SEC N-PORT filing; overlap and active share computed by ETFIQ against the IVV and QQQM books; returns from Tiingo end-of-day prices with distributions reinvested.
GCAD · Gabelli Commercial Aerospace and Defense ETF
Gabelli · Themes desk
Open the live card on ETFIQBy 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 4, 2026 the fund returned +20.2% with distributions reinvested against +20.0% for the S&P 500, so a holder was about even. It sits 11.5% below its all-time high of Aug 14, 2026.
| Theme (ETFIQ, editorial) | Defense |
|---|---|
| Launched | Jan 4, 2023 |
| Already in the S&P 500, by weight (ETFIQ) | 40.2% |
| Active share vs the S&P 500 (ETFIQ) | 97.2% |
| Already in the Nasdaq-100, by weight (ETFIQ) | 2.5% |
| Active share vs the Nasdaq-100 (ETFIQ) | 98.9% |
| Top ten holdings weight | 47.5% |
| Holdings | 54 |
| Net assets (latest filing) | $44M |
| Holdings as of (SEC N-PORT) | Jun 30, 2026 |
| Top holdings | ALBANY INTERNATIONAL CORP 6.8%, MOOG INC 6.2%, BOEING COMPANY (THE) 5.2%, DUCOMMUN INC 4.7%, HEXCEL CORP 4.6%, RTX CORP 4.1%, L3HARRIS TECHNOLOGIES INC 4.0%, LOCKHEED MARTIN CORP 4.0%, MERCURY SYSTEMS INC 3.9%, TEXTRON INC 3.9% |
| 3 months: total return / S&P 500 / gap / Nasdaq-100 gap (ETFIQ) | −4.5% / +4.7% / −9.2 pts / −6.6 pts |
| 6 months: total return / S&P 500 / gap / Nasdaq-100 gap (ETFIQ) | −5.4% / +15.2% / −20.6 pts / −25.6 pts |
| 1 year: total return / S&P 500 / gap / Nasdaq-100 gap (ETFIQ) | +20.2% / +20.0% / +0.2 pts / −5.4 pts |
| 3 years: total return / S&P 500 / gap / Nasdaq-100 gap (ETFIQ) | +122.3% / +78.0% / +44.4 pts / +28.8 pts |
| since launch: total return / S&P 500 / gap / Nasdaq-100 gap (ETFIQ) | +128.1% / +109.9% / +18.2 pts / −48.0 pts |
| Below its all-time high (ETFIQ) | −11.5% |
| Expense ratio (prospectus XBRL) | 0.90% |
| Fee for the part that differs from the S&P 500, active expense ratio (ETFIQ) | 0.93% |
| Closest funds by holdings overlap | XAR 53%, PPA 48%, MISL 43%, ITA 43%, NATO 40% |
Questions people ask
- How much of GCAD is already in the S&P 500?
- By its holdings filed for Jun 30, 2026, 40% of GCAD by weight is stocks the S&P 500 already holds. Its active share against the index is 97%, so that share is the part doing something different.
- What does GCAD hold?
- 54 positions as filed for Jun 30, 2026, with the top ten at 48% of the fund. The largest are ALBANY INTERNATIONAL CORP at 6.8%, MOOG INC at 6.2%, BOEING COMPANY (THE) at 5.2%.
- Has GCAD beaten the S&P 500?
- Over the year to Sep 4, 2026 GCAD returned +20.2% with distributions reinvested, against +20.0% for the S&P 500, so it finished about even with the index by 0.2 points.
- What does GCAD cost?
- The prospectus expense ratio is 0.90% a year. Because 97% of the fund differs from the S&P 500, the fee on that differing part works out at 0.93%.
Where these figures came from
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