4MMR.DE vs. GCAD
4MMR.DE (Global X Defence Tech UCITS ETF USD Accumulating) and GCAD (Gabelli Commercial Aerospace & Defense ETF) are both Aerospace & Defense funds. Over the past year, 4MMR.DE returned 9.01% vs 36.05% for GCAD. At a 0.45 correlation, their price movements are largely independent.
Performance
4MMR.DE vs. GCAD - Performance Comparison
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Different Trading Currencies
4MMR.DE is traded in EUR, while GCAD is traded in USD. To make them comparable, the GCAD values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, 4MMR.DE achieves a -1.20% return, which is significantly lower than GCAD's 18.35% return.
4MMR.DE
- 1D
- -0.10%
- 1M
- -4.45%
- YTD
- -1.20%
- 6M
- 1.77%
- 1Y
- 9.01%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GCAD
- 1D
- 2.43%
- 1M
- 4.72%
- YTD
- 18.35%
- 6M
- 21.93%
- 1Y
- 36.05%
- 3Y*
- 31.52%
- 5Y*
- —
- 10Y*
- —
4MMR.DE vs. GCAD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
4MMR.DE Global X Defence Tech UCITS ETF USD Accumulating | -1.20% | 58.75% | 13.11% |
GCAD Gabelli Commercial Aerospace & Defense ETF | 18.35% | 22.75% | 12.57% |
Correlation
The correlation between 4MMR.DE and GCAD is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2024 | 0.45 |
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Return for Risk
4MMR.DE vs. GCAD — Risk / Return Rank
4MMR.DE
GCAD
4MMR.DE vs. GCAD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Defence Tech UCITS ETF USD Accumulating (4MMR.DE) and Gabelli Commercial Aerospace & Defense ETF (GCAD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| 4MMR.DE | GCAD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.46 | ||
| Sortino ratioReturn per unit of downside risk | -1.97 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.32 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.45 | 2.68 | -2.23 |
| Martin ratioReturn relative to average drawdown | 1.17 | 8.22 | -7.06 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| 4MMR.DE | GCAD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.40 | 1.86 | -1.46 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.61 | 1.37 | +0.24 |
Drawdowns
4MMR.DE vs. GCAD - Drawdown Comparison
The maximum 4MMR.DE drawdown since its inception was -19.79%, roughly equal to the maximum GCAD drawdown of -20.22%. Use the drawdown chart below to compare losses from any high point for 4MMR.DE and GCAD.
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Drawdown Indicators
| 4MMR.DE | GCAD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.79% | -20.22% | +0.43% |
Max Drawdown (1Y)Largest decline over 1 year | -19.79% | -13.27% | -6.52% |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.22% | — |
Current DrawdownCurrent decline from peak | -18.27% | -2.87% | -15.40% |
Average DrawdownAverage peak-to-trough decline | -4.21% | -3.42% | -0.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.70% | 4.32% | +3.38% |
Volatility
4MMR.DE vs. GCAD - Volatility Comparison
The current volatility for Global X Defence Tech UCITS ETF USD Accumulating (4MMR.DE) is 6.27%, while Gabelli Commercial Aerospace & Defense ETF (GCAD) has a volatility of 6.65%. This indicates that 4MMR.DE experiences smaller price fluctuations and is considered to be less risky than GCAD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 4MMR.DE | GCAD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.27% | 6.65% | -0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 17.08% | 15.74% | +1.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.30% | 19.09% | +3.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.59% | 19.25% | +5.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.59% | 19.25% | +5.34% |
Dividends
4MMR.DE vs. GCAD - Dividend Comparison
4MMR.DE has not paid dividends to shareholders, while GCAD's dividend yield for the trailing twelve months is around 1.76%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
4MMR.DE Global X Defence Tech UCITS ETF USD Accumulating | 0.00% | 0.00% | 0.00% | 0.00% |
GCAD Gabelli Commercial Aerospace & Defense ETF | 1.76% | 2.06% | 4.94% | 3.62% |
Frequently Asked Questions
4MMR.DE and GCAD have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Global X and Gabelli.
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