GCAD vs. WDAF
GCAD (Gabelli Commercial Aerospace & Defense ETF) and WDAF (WisdomTree Asia Defense Fund) are both Aerospace & Defense funds. GCAD is actively managed, while WDAF is passively managed. At a 0.44 correlation, their price movements are largely independent. GCAD charges 0.00%/yr vs 0.45%/yr for WDAF.
Performance
GCAD vs. WDAF - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GCAD achieves a 17.90% return, which is significantly higher than WDAF's 10.54% return.
GCAD
- 1D
- -0.80%
- 1M
- 4.43%
- YTD
- 17.90%
- 6M
- 15.75%
- 1Y
- 37.12%
- 3Y*
- 34.17%
- 5Y*
- —
- 10Y*
- —
WDAF
- 1D
- -5.17%
- 1M
- -7.02%
- YTD
- 10.54%
- 6M
- 9.61%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GCAD vs. WDAF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GCAD Gabelli Commercial Aerospace & Defense ETF | 17.90% | 8.14% |
WDAF WisdomTree Asia Defense Fund | 10.54% | -7.71% |
Correlation
The correlation between GCAD and WDAF is 0.44, 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 Sep 12, 2025 | 0.44 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GCAD vs. WDAF — Risk / Return Rank
GCAD
WDAF
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GCAD vs. WDAF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gabelli Commercial Aerospace & Defense ETF (GCAD) and WisdomTree Asia Defense Fund (WDAF). 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 | WDAF | 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 | — | — |
Loading charts...
Drawdowns
GCAD vs. WDAF - Drawdown Comparison
The maximum GCAD drawdown since its inception was -16.14%, smaller than the maximum WDAF drawdown of -20.11%. Use the drawdown chart below to compare losses from any high point for GCAD and WDAF.
Loading charts...
Drawdown Indicators
| GCAD | WDAF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.14% | -20.11% | +3.97% |
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% | -17.04% | +14.25% |
Average DrawdownAverage peak-to-trough decline | -3.01% | -6.70% | +3.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.37% | — | — |
Volatility
GCAD vs. WDAF - Volatility Comparison
Loading charts...
Volatility by Period
| GCAD | WDAF | 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% | 32.59% | -12.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.76% | 32.59% | -13.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.76% | 32.59% | -13.83% |
GCAD vs. WDAF - Expense Ratio Comparison
GCAD has a 0.00% expense ratio, which is lower than WDAF's 0.45% expense ratio.
Dividends
GCAD vs. WDAF - Dividend Comparison
GCAD's dividend yield for the trailing twelve months is around 1.75%, more than WDAF's 0.12% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
GCAD Gabelli Commercial Aerospace & Defense ETF | 1.75% | 2.06% | 4.94% | 3.62% |
WDAF WisdomTree Asia Defense Fund | 0.12% | 0.13% | 0.00% | 0.00% |
Frequently Asked Questions
GCAD and WDAF have a correlation of 0.44, 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 0.45% for WDAF.
GCAD has the higher dividend yield at 1.75%, compared with 0.12% for WDAF.
They also come from different issuers: Gabelli and WisdomTree. Their fees differ too: 0.00% for GCAD and 0.45% for WDAF.
Find the right allocation for GCAD and WDAF
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer