# GCAD (Gabelli Commercial Aerospace and Defense ETF)

Gabelli · Thematic ETFs · data as of Sep 11, 2026

GCAD holds 54 stocks, and 60% of its weight is outside the S&P 500.

## Key facts

- GCAD, already in the S&P 500: 40.2%, as of Sep 11, 2026.
- GCAD, active share vs the S&P 500: 97.2%, as of Sep 11, 2026.
- GCAD, top ten holdings: 47.5%, as of Sep 11, 2026.
- GCAD, total return, 1 year: +17.1%, as of Sep 11, 2026.
- GCAD, net assets: $44m (SEC filing, whole fund, as filed for Jun 30, 2026).
- GCAD, expense ratio: 0.90% (485BPOS XBRL, Apr 30, 2026).

## GCAD over each window to Sep 11, 2026

| Window | Total return | S&P 500 | Gap to S&P 500 | Gap to Nasdaq-100 |
| --- | --- | --- | --- | --- |
| 3 months | −9.9% | +3.3% | −13.2 pts | −9.1 pts |
| 6 months | −2.3% | +16.0% | −18.3 pts | −23.0 pts |
| 1 year | +17.1% | +17.5% | −0.4 pts | −5.9 pts |
| 3 years | +124.8% | +77.9% | +46.9 pts | +29.7 pts |
| Since launch | +124.3% | +108.3% | +16.0 pts | −50.2 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Theme | Defense | ETFIQ, editorial |
| Launched | Jan 4, 2023 | ETFIQ |
| Already in the S&P 500, by weight | 40.2% | ETFIQ |
| Active share vs the S&P 500 | 97.2% | ETFIQ |
| Already in the Nasdaq-100, by weight | 2.5% | ETFIQ |
| Active share vs the Nasdaq-100 | 98.9% | ETFIQ |
| Top ten holdings weight | 47.5% | ETFIQ |
| Holdings | 54 | ETFIQ |
| Holdings as of | Jun 30, 2026 | SEC N-PORT |
| 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% | ETFIQ |
| Net assets | $44m | SEC filing, whole fund, as filed for Jun 30, 2026 |
| Below its all-time high | −12.9% | ETFIQ |
| Expense ratio | 0.90% | 485BPOS XBRL, Apr 30, 2026 |
| Fee for the part that differs from the S&P 500, active expense ratio | 0.93% | ETFIQ |
| Closest funds by holdings overlap | XAR 55%, PPA 48%, MISL 43%, ITA 43%, NATO 40% | ETFIQ |

## Questions

### How much of GCAD is in S&P 500 companies?

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 11, 2026 GCAD returned +17.1% with distributions reinvested, against +17.5% for the S&P 500, so it finished about even with the index by 0.4 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%.


## Cite this page

ETFIQ, GCAD, data as of Sep 11, 2026. https://etfiq.com/funds/gcad
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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