GCAD vs. GBHI
GCAD (Gabelli Commercial Aerospace & Defense ETF) and GBHI (Gabelli High Income ETF) are both exchange-traded funds - GCAD is a Aerospace & Defense fund actively managed by Gabelli, while GBHI is a High Yield Bonds fund actively managed by Gabelli. Both are actively managed. A 0.57 correlation means they provide meaningful diversification when combined. GCAD charges 0.00%/yr vs 0.55%/yr for GBHI.
Performance
GCAD vs. GBHI - Performance Comparison
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Returns By Period
In the year-to-date period, GCAD achieves a 17.90% return, which is significantly higher than GBHI's 2.22% return.
GCAD
- 1D
- -0.80%
- 1M
- 4.43%
- YTD
- 17.90%
- 6M
- 15.75%
- 1Y
- 37.12%
- 3Y*
- 34.17%
- 5Y*
- —
- 10Y*
- —
GBHI
- 1D
- 0.02%
- 1M
- 0.31%
- YTD
- 2.22%
- 6M
- 2.29%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GCAD vs. GBHI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GCAD Gabelli Commercial Aerospace & Defense ETF | 17.90% | 5.82% |
GBHI Gabelli High Income ETF | 2.22% | 1.27% |
Correlation
The correlation between GCAD and GBHI is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025 | 0.57 |
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Return for Risk
GCAD vs. GBHI — Risk / Return Rank
GCAD
GBHI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GCAD vs. GBHI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gabelli Commercial Aerospace & Defense ETF (GCAD) and Gabelli High Income ETF (GBHI). 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.
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 | GBHI | 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 | 2.49 | — | — |
| Martin ratioReturn relative to average drawdown | 8.52 | — | — |
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Drawdowns
GCAD vs. GBHI - Drawdown Comparison
The maximum GCAD drawdown since its inception was -16.14%, which is greater than GBHI's maximum drawdown of -2.12%. Use the drawdown chart below to compare losses from any high point for GCAD and GBHI.
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Drawdown Indicators
| GCAD | GBHI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.14% | -2.12% | -14.02% |
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 | -2.79% | -0.20% | -2.59% |
Average DrawdownAverage peak-to-trough decline | -3.01% | -0.27% | -2.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.37% | — | — |
Volatility
GCAD vs. GBHI - Volatility Comparison
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Volatility by Period
| GCAD | GBHI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.50% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 17.61% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.36% | 3.33% | +17.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.76% | 3.33% | +15.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.76% | 3.33% | +15.43% |
GCAD vs. GBHI - Expense Ratio Comparison
GCAD has a 0.00% expense ratio, which is lower than GBHI's 0.55% expense ratio.
Dividends
GCAD vs. GBHI - Dividend Comparison
GCAD's dividend yield for the trailing twelve months is around 1.75%, less than GBHI's 1.84% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
GBHI Gabelli High Income ETF | 1.84% | 0.59% | 0.00% | 0.00% |
GCAD Gabelli Commercial Aerospace & Defense ETF | 1.75% | 2.06% | 4.94% | 3.62% |
Frequently Asked Questions
GCAD and GBHI have a correlation of 0.57, 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 0.55% for GBHI.
GBHI has the higher dividend yield at 1.84%, compared with 1.75% for GCAD.
GCAD is categorized as Aerospace & Defense, while GBHI is High Yield Bonds. Their fees differ too: 0.00% for GCAD and 0.55% for GBHI.
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