- Issuer
- Gabelli
- Inception Date
- Jan 3, 2023
- Category
- Aerospace & Defense
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $25M
Highlights
- Avg. Volume (1M)
- 8K
- Avg. Volume Value (1M)
- $467.75K
Share Price Chart
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Performance
GCAD Performance Chart
Gabelli Commercial Aerospace & Defense ETF (GCAD) is up 18.4% since the beginning of the year. GCAD is currently trading at $55 per share.
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Returns By Period
Gabelli Commercial Aerospace & Defense ETF (GCAD) has returned 18.44% so far this year and 32.06% over the past 12 months.
Gabelli Commercial Aerospace & Defense ETF
- 1D
- 0.02%
- 1M
- -3.10%
- 6M
- 5.89%
- YTD
- 18.44%
- 1Y
- 32.06%
- 3Y*
- 31.69%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 28.55%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
GCAD Monthly Returns History
Based on dividend-adjusted daily data since Jan 4, 2023, GCAD's average daily return is +0.11%, while the average monthly return is +2.21%. At this rate, an investment would double in approximately 2.6 years.
Historically, 65% of months were positive and 35% were negative. The best month was May 2025 with a return of +12.1%, while the worst month was Mar 2026 at -9.2%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.
On a daily basis, GCAD closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +8.7%, while the worst single day was Apr 4, 2025 at -6.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 11.85% | 5.48% | -9.20% | 2.76% | 7.44% | 2.11% | -1.93% | 18.44% | |||||
| 2025 | 4.70% | -2.35% | -2.25% | 2.90% | 12.11% | 6.36% | 2.16% | 1.87% | 4.54% | 1.40% | -1.21% | 4.20% | 39.28% |
| 2024 | 1.13% | 3.45% | 5.05% | -1.41% | 5.29% | -0.89% | 9.09% | 0.66% | -0.75% | -1.90% | 9.04% | -3.96% | 26.61% |
| 2023 | 1.63% | 0.76% | -2.64% | -0.21% | -3.97% | 8.97% | 2.89% | -2.89% | -6.11% | 3.87% | 8.43% | 6.72% | 17.37% |
Benchmark Metrics
Gabelli Commercial Aerospace & Defense ETF has an annualized alpha of 10.34%, beta of 0.86, and R2 of 0.46 versus S&P 500 Index. Calculated based on daily prices since January 04, 2023.
- This ETF captured 101.77% of S&P 500 Index gains but only 43.23% of its losses - a favorable profile for investors.
- R2 of 0.46 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 10.34%
- Beta
- 0.86
- R²
- 0.46
- Upside Capture
- 101.77%
- Downside Capture
- 43.23%
Expense Ratio
GCAD has an expense ratio of 0.00%, meaning no management fees are charged.
Return for Risk
Risk / Return Rank
GCAD ranks 62 for risk / return — above 62% of ETFs peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Gabelli Commercial Aerospace & Defense ETF (GCAD) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GCAD | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.25 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.13 | 2.00 | +0.12 |
| Martin ratioReturn relative to average drawdown | 6.97 | 8.49 | -1.52 |
Dividends
Dividend History
Gabelli Commercial Aerospace & Defense ETF provided a 1.74% dividend yield over the last twelve months, with an annual payout of $0.96 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $0.96 | $0.96 | $1.68 | $1.03 |
Dividend yield | 1.74% | 2.06% | 4.94% | 3.62% |
Monthly Dividends
The table displays the monthly dividend distributions for Gabelli Commercial Aerospace & Defense ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.96 | $0.96 |
| 2024 | $0.25 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.27 | $0.00 | $0.62 | $1.68 |
| 2023 | $0.25 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.25 | $0.00 | $0.27 | $1.03 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Gabelli Commercial Aerospace & Defense ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Gabelli Commercial Aerospace & Defense ETF was 16.14%, occurring on Apr 7, 2025. Recovery took 22 trading sessions.
The current Gabelli Commercial Aerospace & Defense ETF drawdown is 4.35%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-16.14%Apr 2025 | 2mo | 1mo 1d | 3mo 1dFeb 2025 - May 2025 | 2025 selloff2025 |
-14.96%Mar 2026 | 27d | 2mo 13d | 3mo 10dMar 2026 - Jun 2026 | — |
-10.49%Oct 2023 | 2mo 4d | 1mo 10d | 3mo 14dAug 2023 - Nov 2023 | — |
-9.72%Mar 2023 | 1mo 29d | 3mo 25d | 5mo 24dJan 2023 - Jul 2023 | — |
-7.31%Aug 2024 | 4d | 24d | 28dAug 2024 - Aug 2024 | — |
Drawdown Indicators
| GCAD | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.14% | -56.78% | +40.64% |
Max Drawdown (1Y)Largest decline over 1 year | -14.96% | -9.10% | -5.86% |
Max Drawdown (3Y)Largest decline over 3 years | -16.14% | -18.90% | +2.76% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -4.35% | -1.58% | -2.77% |
Average DrawdownAverage peak-to-trough decline | -3.03% | -10.70% | +7.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.55% | 2.14% | +2.41% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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