GCAD vs. ARMY
GCAD (Gabelli Commercial Aerospace & Defense ETF) and ARMY (HANetf Future of European Defence Screened UCITS ETF) are both Aerospace & Defense funds. GCAD is actively managed, while ARMY is passively managed. Their correlation of 0.85 suggests significant overlap in exposure. GCAD charges 0.00%/yr vs 0.39%/yr for ARMY.
Performance
GCAD vs. ARMY - Performance Comparison
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Different Trading Currencies
GCAD is traded in USD, while ARMY is traded in EUR. To make them comparable, the ARMY values have been converted to USD using the latest available exchange rates.
Returns By Period
GCAD
- 1D
- -1.56%
- 1M
- 5.29%
- YTD
- 14.09%
- 6M
- 19.16%
- 1Y
- 35.52%
- 3Y*
- 33.27%
- 5Y*
- —
- 10Y*
- —
ARMY
- 1D
- -2.73%
- 1M
- -1.37%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GCAD vs. ARMY - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
GCAD Gabelli Commercial Aerospace & Defense ETF | 6.50% |
ARMY HANetf Future of European Defence Screened UCITS ETF | -1.93% |
Correlation
The correlation between GCAD and ARMY is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Apr 1, 2026 | 0.85 |
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Return for Risk
GCAD vs. ARMY — Risk / Return Rank
GCAD
ARMY
GCAD vs. ARMY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gabelli Commercial Aerospace & Defense ETF (GCAD) and HANetf Future of European Defence Screened UCITS ETF (ARMY). 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.
| GCAD | ARMY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.32 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.38 | — | — |
| Martin ratioReturn relative to average drawdown | 8.24 | — | — |
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
| GCAD | ARMY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.86 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.56 | -0.31 | +1.87 |
Drawdowns
GCAD vs. ARMY - Drawdown Comparison
The maximum GCAD drawdown since its inception was -16.14%, which is greater than ARMY's maximum drawdown of -14.11%. Use the drawdown chart below to compare losses from any high point for GCAD and ARMY.
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Drawdown Indicators
| GCAD | ARMY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.14% | -14.11% | -2.03% |
Max Drawdown (1Y)Largest decline over 1 year | -14.96% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -16.14% | — | — |
Current DrawdownCurrent decline from peak | -5.92% | -9.85% | +3.93% |
Average DrawdownAverage peak-to-trough decline | -3.03% | -5.71% | +2.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.32% | — | — |
Volatility
GCAD vs. ARMY - Volatility Comparison
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Volatility by Period
| GCAD | ARMY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.14% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 16.33% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 19.25% | 34.74% | -15.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.49% | 34.74% | -16.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.49% | 34.74% | -16.25% |
GCAD vs. ARMY - Expense Ratio Comparison
GCAD has a 0.00% expense ratio, which is lower than ARMY's 0.39% expense ratio.
Dividends
GCAD vs. ARMY - Dividend Comparison
GCAD's dividend yield for the trailing twelve months is around 1.81%, while ARMY has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
ARMY HANetf Future of European Defence Screened UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% |
GCAD Gabelli Commercial Aerospace & Defense ETF | 1.81% | 2.06% | 4.94% | 3.62% |
Frequently Asked Questions
GCAD and ARMY have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GCAD is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GCAD is cheaper with a 0.00% expense ratio, compared with 0.39% for ARMY.
GCAD has the higher dividend yield at 1.81%, compared with 0.00% for ARMY.
They also come from different issuers: Gabelli and HANetf. Their fees differ too: 0.00% for GCAD and 0.39% for ARMY.
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