GCAD vs. USFR
GCAD (Gabelli Commercial Aerospace & Defense ETF) and USFR (WisdomTree Floating Rate Treasury Fund) are both exchange-traded funds - GCAD is a Aerospace & Defense fund actively managed by Gabelli, while USFR is a Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Bond Index. GCAD is actively managed, while USFR is passively managed. Over the past 3 years, GCAD returned 34.17%/yr vs 4.74%/yr for USFR. At a correlation of -0.03, they often move in opposite directions. GCAD charges 0.00%/yr vs 0.15%/yr for USFR.
Performance
GCAD vs. USFR - 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 USFR's 1.82% return.
GCAD
- 1D
- -0.80%
- 1M
- 4.43%
- YTD
- 17.90%
- 6M
- 15.75%
- 1Y
- 37.12%
- 3Y*
- 34.17%
- 5Y*
- —
- 10Y*
- —
USFR
- 1D
- 0.04%
- 1M
- 0.33%
- YTD
- 1.82%
- 6M
- 1.92%
- 1Y
- 3.99%
- 3Y*
- 4.74%
- 5Y*
- 3.71%
- 10Y*
- 2.43%
GCAD vs. USFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GCAD Gabelli Commercial Aerospace & Defense ETF | 17.90% | 39.28% | 26.61% | 17.37% |
USFR WisdomTree Floating Rate Treasury Fund | 1.82% | 4.23% | 5.47% | 5.18% |
Correlation
The correlation between GCAD and USFR is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2023 | -0.03 |
The correlation between GCAD and USFR shifts across timeframes, from -0.13 (1 year) to -0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GCAD vs. USFR — Risk / Return Rank
GCAD
USFR
GCAD vs. USFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gabelli Commercial Aerospace & Defense ETF (GCAD) and WisdomTree Floating Rate Treasury Fund (USFR). 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 | USFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -12.84 | ||
| Sortino ratioReturn per unit of downside risk | -47.37 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 13.31 | -11.98 |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | 201.33 | -198.84 |
| Martin ratioReturn relative to average drawdown | 8.52 | 779.76 | -771.25 |
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Drawdowns
GCAD vs. USFR - Drawdown Comparison
The maximum GCAD drawdown since its inception was -16.14%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for GCAD and USFR.
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Drawdown Indicators
| GCAD | USFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.14% | -1.36% | -14.78% |
Max Drawdown (1Y)Largest decline over 1 year | -14.96% | -0.02% | -14.94% |
Max Drawdown (3Y)Largest decline over 3 years | -16.14% | -0.06% | -16.08% |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.18% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.80% | — |
Current DrawdownCurrent decline from peak | -2.79% | 0.00% | -2.79% |
Average DrawdownAverage peak-to-trough decline | -3.01% | -0.15% | -2.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.37% | 0.01% | +4.36% |
Volatility
GCAD vs. USFR - Volatility Comparison
Gabelli Commercial Aerospace & Defense ETF (GCAD) has a higher volatility of 8.50% compared to WisdomTree Floating Rate Treasury Fund (USFR) at 0.09%. This indicates that GCAD's price experiences larger fluctuations and is considered to be riskier than USFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GCAD | USFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.50% | 0.09% | +8.41% |
Volatility (6M)Calculated over the trailing 6-month period | 17.61% | 0.19% | +17.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.36% | 0.27% | +20.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.76% | 0.40% | +18.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.76% | 0.78% | +17.98% |
GCAD vs. USFR - Expense Ratio Comparison
GCAD has a 0.00% expense ratio, which is lower than USFR's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
GCAD vs. USFR - Dividend Comparison
GCAD's dividend yield for the trailing twelve months is around 1.75%, less than USFR's 3.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
GCAD Gabelli Commercial Aerospace & Defense ETF | 1.75% | 2.06% | 4.94% | 3.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USFR WisdomTree Floating Rate Treasury Fund | 3.90% | 4.15% | 5.17% | 5.12% | 1.78% | 0.01% | 0.40% | 2.08% | 1.67% | 1.03% | 0.29% |
Frequently Asked Questions
GCAD and USFR have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GCAD has higher volatility (8.50%) compared to USFR (0.09%). In terms of maximum drawdown, GCAD dropped -16.14% vs USFR's -1.36%.
On 3-year performance, GCAD leads with 34.17% vs 4.74% for USFR. On fees, GCAD is cheaper at 0.00% per year. On volatility, USFR has been the lower-risk option at 0.09%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, GCAD has performed better with a 34.17% return vs 4.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GCAD is cheaper with a 0.00% expense ratio, compared with 0.15% for USFR.
USFR has the higher dividend yield at 3.90%, compared with 1.75% for GCAD.
GCAD is categorized as Aerospace & Defense, while USFR is Government Bonds. They also come from different issuers: Gabelli and WisdomTree. Their fees differ too: 0.00% for GCAD and 0.15% for USFR.
USFR currently has the higher Sharpe Ratio (14.67 vs 1.83), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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