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Gabelli Commercial Aerospace & Defense ETF (GCAD) Sharpe Ratio: 1.46

ETF · Currency in USD · Last updated Jul 14, 2026

The Gabelli Commercial Aerospace & Defense ETF seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its net assets in income-producing equity securities primarily in the aerospace and defense sectors.

GCAD's Sharpe Ratio of 1.46 indicates that for each unit of volatility, it generates 1.46 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jul 14, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

GCAD Sharpe Ratio Rank

GCAD Sharpe Ratio Rank: 53.253
Average

GCAD ranks above 53.2% of all investments in our database based on Sharpe Ratio over the past 12 months, showing balanced returns relative to total risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns are proportional to volatility—neither strong nor weak
  • Evaluate whether the volatility profile aligns with your risk tolerance
  • Review higher-ranked alternatives in the same category
  • Monitor rank direction to identify improving or deteriorating trends

GCAD Sharpe Ratio Market Positioning

The chart shows GCAD's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.73 or lower
  • Yellow zone (middle 50%): 0.73 to 1.90
  • Green zone (top 25%): 1.90 or higher
  • Top 1%: 6.57+
  • Median: 1.38 — half of all investments score higher

How it compares to other similar ETFs

The table compares Gabelli Commercial Aerospace & Defense ETF's Sharpe Ratio with other ETFs in the Aerospace & Defense category across multiple time periods, showing how GCAD's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jul 14, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
GCADGabelli Commercial Aerospace & Defense ETF1.46
UFOProcure Space ETF1.29
FOWFPacer Solactive Whitney Future of Warfare ETF1.14
ITAiShares U.S. Aerospace & Defense ETF1.11
PPAInvesco Aerospace & Defense ETF1.01
XARSPDR S&P Aerospace & Defense ETF0.89
DFENDirexion Daily Aerospace & Defense Bull 3X Shares0.77
ARKXARK Space Exploration & Innovation ETF0.75
IDEFiShares Defense Industrials Active ETF0.53
NATOThemes Transatlantic Defense ETF0.51

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows GCAD's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when GCAD consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does GCAD fit in your portfolio?

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