GABF vs. GCAD

Last updated Apr 1, 2026

Compare and contrast key facts about Gabelli Financial Services Opportunities ETF (GABF) and Gabelli Commercial Aerospace & Defense ETF (GCAD).

GABF and GCAD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GABF is an actively managed fund by Gabelli. It was launched on May 9, 2022. GCAD is an actively managed fund by Gabelli. It was launched on Jan 3, 2023.

Performance

GABF vs. GCAD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gabelli Financial Services Opportunities ETF (GABF) and Gabelli Commercial Aerospace & Defense ETF (GCAD). The values are adjusted to include any dividend payments, if applicable.

GABF vs. GCAD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GABF Gabelli Financial Services Opportunities ETF	-9.92%	3.60%	44.38%	35.11%
GCAD Gabelli Commercial Aerospace & Defense ETF	7.13%	39.28%	26.61%	17.61%

Returns By Period

In the year-to-date period, GABF achieves a -9.92% return, which is significantly lower than GCAD's 7.13% return.

GABF

• 1D: 2.41%
• 1M: -3.92%
• YTD: -9.92%
• 6M: -12.00%
• 1Y: -3.40%
• 3Y*: 20.11%
• 5Y*: —
• 10Y*: —

GCAD

• 1D: 3.88%
• 1M: -9.20%
• YTD: 7.13%
• 6M: 11.82%
• 1Y: 49.29%
• 3Y*: 30.53%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GABF vs. GCAD - Expense Ratio Comparison

GABF has a 0.10% expense ratio, which is higher than GCAD's 0.00% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

GABF

Gabelli Financial Services Opportunities ETF

GCAD

Gabelli Commercial Aerospace & Defense ETF

Return for Risk

GABF vs. GCAD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GABF

GABF Risk / Return Rank: 9
GABF Sharpe Ratio Rank: 9
GABF Sortino Ratio Rank: 9
GABF Omega Ratio Rank: 9
GABF Calmar Ratio Rank: 9
GABF Martin Ratio Rank: 9

GCAD

GCAD Risk / Return Rank: 94
GCAD Sharpe Ratio Rank: 94
GCAD Sortino Ratio Rank: 95
GCAD Omega Ratio Rank: 94
GCAD Calmar Ratio Rank: 91
GCAD Martin Ratio Rank: 94

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GABF vs. GCAD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gabelli Financial Services Opportunities ETF (GABF) 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.

	GABF	GCAD	Difference
Sharpe ratio Return per unit of total volatility	-0.15	2.30	-2.45
Sortino ratio Return per unit of downside risk	-0.05	3.09	-3.14
Omega ratio Gain probability vs. loss probability	0.99	1.43	-0.44
Calmar ratio Return relative to maximum drawdown	-0.18	3.25	-3.43
Martin ratio Return relative to average drawdown	-0.47	14.88	-15.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GABF vs. GCAD - Sharpe Ratio Comparison

The current GABF Sharpe Ratio is -0.15, which is lower than the GCAD Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of GABF and GCAD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GABF	GCAD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.15	2.30	-2.45
Sharpe Ratio (All Time) Calculated using the full available price history	0.86	1.55	-0.70

Correlation

The correlation between GABF and GCAD is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

GABF vs. GCAD - Dividend Comparison

GABF's dividend yield for the trailing twelve months is around 2.18%, more than GCAD's 1.92% yield.

	TTM	2025	2024	2023	2022
GABF Gabelli Financial Services Opportunities ETF	2.18%	1.96%	4.19%	4.95%	1.31%
GCAD Gabelli Commercial Aerospace & Defense ETF	1.92%	2.06%	4.94%	3.62%	0.00%

Drawdowns

GABF vs. GCAD - Drawdown Comparison

The maximum GABF drawdown since its inception was -20.86%, which is greater than GCAD's maximum drawdown of -16.14%. Use the drawdown chart below to compare losses from any high point for GABF and GCAD.

Drawdown Indicators

	GABF	GCAD	Difference
Max Drawdown Largest peak-to-trough decline	-20.86%	-16.14%	-4.72%
Max Drawdown (1Y) Largest decline over 1 year	-17.16%	-14.96%	-2.20%
Current Drawdown Current decline from peak	-14.35%	-11.66%	-2.69%
Average Drawdown Average peak-to-trough decline	-4.63%	-2.79%	-1.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.43%	3.27%	+3.16%

Volatility

GABF vs. GCAD - Volatility Comparison

The current volatility for Gabelli Financial Services Opportunities ETF (GABF) is 5.73%, while Gabelli Commercial Aerospace & Defense ETF (GCAD) has a volatility of 8.02%. This indicates that GABF 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.

Volatility by Period

	GABF	GCAD	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.73%	8.02%	-2.29%
Volatility (6M) Calculated over the trailing 6-month period	13.63%	14.53%	-0.90%
Volatility (1Y) Calculated over the trailing 1-year period	22.80%	21.51%	+1.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.70%	18.15%	+2.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.70%	18.15%	+2.55%