GCAD vs. JEDI
GCAD (Gabelli Commercial Aerospace & Defense ETF) and JEDI (Defiance Drone & Modern Warfare ETF) are both Aerospace & Defense funds. GCAD is actively managed, while JEDI is passively managed. A 0.68 correlation means they provide meaningful diversification when combined. GCAD charges 0.00%/yr vs 0.69%/yr for JEDI.
Performance
GCAD vs. JEDI - Performance Comparison
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Returns By Period
In the year-to-date period, GCAD achieves a 14.09% return, which is significantly lower than JEDI's 52.32% return.
GCAD
- 1D
- -1.56%
- 1M
- 5.29%
- YTD
- 14.09%
- 6M
- 19.16%
- 1Y
- 35.52%
- 3Y*
- 33.27%
- 5Y*
- —
- 10Y*
- —
JEDI
- 1D
- -8.76%
- 1M
- 33.56%
- YTD
- 52.32%
- 6M
- 62.01%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GCAD vs. JEDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GCAD Gabelli Commercial Aerospace & Defense ETF | 14.09% | 5.48% |
JEDI Defiance Drone & Modern Warfare ETF | 52.32% | -3.73% |
Correlation
The correlation between GCAD and JEDI is 0.68, 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 Sep 29, 2025 | 0.68 |
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Return for Risk
GCAD vs. JEDI — Risk / Return Rank
GCAD
JEDI
GCAD vs. JEDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gabelli Commercial Aerospace & Defense ETF (GCAD) and Defiance Drone & Modern Warfare ETF (JEDI). 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 | JEDI | 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 | JEDI | 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 | 1.60 | -0.03 |
Drawdowns
GCAD vs. JEDI - Drawdown Comparison
The maximum GCAD drawdown since its inception was -16.14%, smaller than the maximum JEDI drawdown of -21.67%. Use the drawdown chart below to compare losses from any high point for GCAD and JEDI.
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Drawdown Indicators
| GCAD | JEDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.14% | -21.67% | +5.53% |
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% | -12.85% | +6.93% |
Average DrawdownAverage peak-to-trough decline | -3.03% | -9.16% | +6.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.32% | — | — |
Volatility
GCAD vs. JEDI - Volatility Comparison
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Volatility by Period
| GCAD | JEDI | 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% | 47.61% | -28.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.49% | 47.61% | -29.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.49% | 47.61% | -29.12% |
GCAD vs. JEDI - Expense Ratio Comparison
GCAD has a 0.00% expense ratio, which is lower than JEDI's 0.69% expense ratio.
Dividends
GCAD vs. JEDI - Dividend Comparison
GCAD's dividend yield for the trailing twelve months is around 1.81%, while JEDI has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
GCAD Gabelli Commercial Aerospace & Defense ETF | 1.81% | 2.06% | 4.94% | 3.62% |
JEDI Defiance Drone & Modern Warfare ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GCAD and JEDI have a correlation of 0.68, 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 0.69% for JEDI.
GCAD has the higher dividend yield at 1.81%, compared with 0.00% for JEDI.
Their fees differ too: 0.00% for GCAD and 0.69% for JEDI.
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