GCAD vs. GOLS

Last updated Jun 24, 2026

GCAD (Gabelli Commercial Aerospace & Defense ETF) and GOLS (Gabelli Opportunities in Live and Sports ETF) are both exchange-traded funds - GCAD is a Aerospace & Defense fund actively managed by Gabelli, while GOLS is a Communications Equities fund actively managed by Gabelli. Both are actively managed. At a 0.49 correlation, their price movements are largely independent. GCAD charges 0.00%/yr vs 0.90%/yr for GOLS.

Performance

GCAD vs. GOLS - Performance Comparison

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

Returns By Period

GCAD

• 1D: -0.80%
• 1M: 4.43%
• YTD: 17.90%
• 6M: 15.75%
• 1Y: 37.12%
• 3Y*: 34.17%
• 5Y*: —
• 10Y*: —

GOLS

• 1D: 0.17%
• 1M: 0.02%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GCAD vs. GOLS - Yearly Performance Comparison

	2026 (YTD)
GCAD Gabelli Commercial Aerospace & Defense ETF	17.90%
GOLS Gabelli Opportunities in Live and Sports ETF	2.93%

Correlation

The correlation between GCAD and GOLS is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 2, 2026	0.49

Return for Risk

GCAD vs. GOLS — Risk / Return Rank

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

GCAD

GCAD Risk / Return Rank: 57
GCAD Sharpe Ratio Rank: 59
GCAD Sortino Ratio Rank: 65
GCAD Omega Ratio Rank: 56
GCAD Calmar Ratio Rank: 54
GCAD Martin Ratio Rank: 53

GOLS

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

GCAD vs. GOLS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gabelli Commercial Aerospace & Defense ETF (GCAD) and Gabelli Opportunities in Live and Sports ETF (GOLS). 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	GOLS	Difference
Sharpe ratio: Return per unit of total volatility	1.83	—	—
Sortino ratio: Return per unit of downside risk	2.76	—	—
Omega ratio: Gain probability vs. loss probability	1.32	—	—
Calmar ratio: Return relative to maximum drawdown	2.49	—	—
Martin ratio: Return relative to average drawdown	8.52	—	—

Drawdowns

GCAD vs. GOLS - Drawdown Comparison

The maximum GCAD drawdown since its inception was -16.14%, which is greater than GOLS's maximum drawdown of -7.85%. Use the drawdown chart below to compare losses from any high point for GCAD and GOLS.

Drawdown Indicators

	GCAD	GOLS	Difference
Max Drawdown Largest peak-to-trough decline	-16.14%	-7.85%	-8.29%
Max Drawdown (1Y) Largest decline over 1 year	-14.96%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-16.14%	—	—
Current Drawdown Current decline from peak	-2.79%	-3.83%	+1.04%
Average Drawdown Average peak-to-trough decline	-3.01%	-1.96%	-1.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.37%	—	—

Volatility

Volatility by Period

	GCAD	GOLS	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%	13.74%	+6.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.76%	13.74%	+5.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.76%	13.74%	+5.02%

GCAD vs. GOLS - Expense Ratio Comparison

GCAD has a 0.00% expense ratio, which is lower than GOLS's 0.90% expense ratio.

Dividends

GCAD vs. GOLS - Dividend Comparison

GCAD's dividend yield for the trailing twelve months is around 1.75%, while GOLS has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
GCAD Gabelli Commercial Aerospace & Defense ETF	1.75%	2.06%	4.94%	3.62%
GOLS Gabelli Opportunities in Live and Sports ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GCAD and GOLS in my portfolio?

GCAD and GOLS 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.

Which ETF is better, GCAD or GOLS?

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.

Which ETF is cheaper, GCAD or GOLS?

GCAD is cheaper with a 0.00% expense ratio, compared with 0.90% for GOLS.

Which ETF pays a higher dividend yield, GCAD or GOLS?

GCAD has the higher dividend yield at 1.75%, compared with 0.00% for GOLS.

What is the main difference between GCAD and GOLS?

GCAD is categorized as Aerospace & Defense, while GOLS is Communications Equities. Their fees differ too: 0.00% for GCAD and 0.90% for GOLS.