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Launched · SEC filings

Gabelli Commercial Aerospace and Defense ETF

GCADNYSE ArcaD

$47.76−0.28 (−0.59%)

As of Oct 13, 2026, 3:59 PM

D37/ 100

Rank 20 of 26 in Defense & Aerospace

D37/100Rank 20 of 26inDefense & Aerospace
Intraday session: down, 75 prints from 48.04 to 47.76. Range 47.30 to 47.93. Use the arrow keys to read each point.47.4047.6010 AM12 PM2 PM4 PM
Expense ratio
0.90%
Fund size
$43M
1Y total return
+10.1%
Yield · Last 12 months
1.99%
Holdings
57
Avg volume · 30D
0M sh
NAV per share
$47.91
52W range
low $44.00high $59.11
Launched
Filings
SEC EDGAR

The ETF.net GCAD Grade

D

Score 37 out of 100

Category
Defense & Aerospace⁠
Rank
20 of 26
Six-pillar profile for GCAD. Scores out of 100: Cost 8, Risk 72, Mission 80, Tradability 42, Holdings 60, Durability 53. Strongest: Mission (80). Weakest: Cost (8). Leans toward Mission.

Score 37 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F8 out of 100
    Rank 24 of 26

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A80 out of 100
    Rank 1 of 4

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A72 out of 100
    Rank 5 of 26

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C42 out of 100
    Rank 15 of 26

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B60 out of 100
    Rank 11 of 26

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C53 out of 100
    Rank 14 of 26

Our read on GCAD

ETF.net Research

DA stock-picker's defense fund. Gabelli runs GCAD without a declared index, chasing total return with an emphasis on income, an unusual mandate in a corner of the market where index trackers set the rules.

Stated mandate

The Fund seeks a high level of total return, emphasizing income.

Why people hold it

  1. 01No index to follow. The mandate is total return with an income emphasis, so the portfolio reflects Gabelli's own calls rather than a benchmark's weighting rules.
  2. 02Trading since 2022, so there is a multi-year live record in the aerospace and defense theme to judge, not a backtest.
  3. 03The book stays on-theme: holdings line up closely with the commercial aerospace and defense mandate on the label, with little drift into loosely related names.

Worth knowing

  1. 01Costs 0.90% a year, well above the defense-theme median of 0.50%. Index rivals XAR (0.35%) and ITA (0.37%) cover the sector for a fraction of that.
  2. 02A small, thinly traded fund. Spreads tend to run wider than the big index names, and larger orders can push the price around.
  3. 03Income sits in the objective, but cash reaches shareholders on an annual or semiannual schedule, not monthly.

GCAD Holdings

As of Oct 12, 2026
Asset class
Stocks
Holdings
57
Top-10 weight
50%
Largest holding
AIN6.7%

Sectors

  • Industrials93.8%
  • Materials2.1%
  • Technology1.6%
  • Communication1.6%
  • Real Estate0.8%

Geography

  • United States97.42%
  • Canada1.41%
  • Israel0.61%
  • Germany0.55%
The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001AINAlbany Intl Corp-Cl A6.74%46,849$290M103
002—Moog Inc-Class A6.02%7,127$259M11
003BABoeing Co/The5.18%11,693$223M303
004DCODucommun Inc4.95%12,463$213M100
005LHXL3HARRIS Technologies Inc4.88%8,853$210M305
006HONAHoneywell Aerospace Inc4.77%12,974$205M283
007RTXRtx Corp4.60%10,619$198M396
008LMTLockheed Martin Corp4.51%3,803$194M408
009HXLHexcel Corp4.40%22,271$189M169
010NOCNorthrop Grumman Corp3.72%3,328$160M348
011TXTTextron Inc3.55%20,559$153M252
012CRCrane Co3.18%6,682$137M151
013MRCYMercury Systems Inc2.89%15,644$124M134
014GDGeneral Dynamics Corp2.54%3,293$109M370
015ATIAti Inc2.53%5,673$109M221

Showing 1–15 of 57 holdings

GCAD Performance

Launched Jan 3, 2023

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.
GCAD$11,007
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. GCAD $11,007. SPY $12,044. Use the arrow keys to read each point.$9,488$11,501$13,514Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for GCAD. Periods over one year show the average yearly return.
PeriodGCAD
Year to date+3.4%
1 month−4.5%
3 months−12.8%
1 year+10.1%
3 yearsper year+27.1%
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for GCAD
YearReturn barGCAD
2026 YTD+3.4%
2025+39.3%
2024+22.2%
2023+14.1%

History from Jan 4, 2023

GCAD in the news

Filtered to GCAD · Defense & Aerospace

GCAD Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 12, 2026.
1.99%Last 12 months
Payout per share
$0.96Last 12 months
Last payment
$0.96 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2023–2026

One bar per payment. 3 payments from 2023 to 2026 YTD. Dec 27, 2023 $0.27; Dec 27, 2024 $0.62; Dec 29, 2025 $0.96. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Dec 29, 2025Jan 9, 2026$0.96
Dec 27, 2024Jan 8, 2025$0.62
Dec 27, 2023Dec 29, 2023$0.27

GCAD Risk

How much the fund’s monthly returns vary, scaled to a year.
17.3%
Annualised · 36 months to Sep 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.29
vs 3-month T-bills · to Sep 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−17.5%
45 months · trough Oct 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.99
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

GCAD Cost

Expense ratio0.90%
  • The middle half of Defense & Aerospace funds
  • Median 0.50%

22 of the 25 Defense & Aerospace funds charge less.

GCAD costs $90.00 a year on $10,000. The median Defense & Aerospace fund costs $50.00.

Other funds in Defense & Aerospace

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