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 0.45 correlation, their price movements are largely independent. GCAD charges 0.00%/yr vs 0.45%/yr for WDAF.
Performance
GCAD vs. WDAF - Performance Comparison
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Returns By Period
In the year-to-date period, GCAD achieves a 14.09% return, which is significantly higher than WDAF's 11.85% return.
GCAD
- 1D
- -1.56%
- 1M
- 5.29%
- YTD
- 14.09%
- 6M
- 19.16%
- 1Y
- 35.52%
- 3Y*
- 33.27%
- 5Y*
- —
- 10Y*
- —
WDAF
- 1D
- -1.56%
- 1M
- -13.31%
- YTD
- 11.85%
- 6M
- 16.15%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GCAD vs. WDAF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GCAD Gabelli Commercial Aerospace & Defense ETF | 14.09% | 8.72% |
WDAF WisdomTree Asia Defense Fund | 11.85% | -7.62% |
Correlation
The correlation between GCAD and WDAF is 0.45, 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 15, 2025 | 0.45 |
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Return for Risk
GCAD vs. WDAF — Risk / Return Rank
GCAD
WDAF
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.
| 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 | 2.38 | — | — |
| 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 | WDAF | 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 | 0.15 | +1.42 |
Drawdowns
GCAD vs. WDAF - Drawdown Comparison
The maximum GCAD drawdown since its inception was -16.14%, smaller than the maximum WDAF drawdown of -18.21%. Use the drawdown chart below to compare losses from any high point for GCAD and WDAF.
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Drawdown Indicators
| GCAD | WDAF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.14% | -18.21% | +2.07% |
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% | -16.06% | +10.14% |
Average DrawdownAverage peak-to-trough decline | -3.03% | -6.09% | +3.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.32% | — | — |
Volatility
GCAD vs. WDAF - Volatility Comparison
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Volatility by Period
| GCAD | WDAF | 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% | 32.10% | -12.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.49% | 32.10% | -13.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.49% | 32.10% | -13.61% |
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 1.81%, more than WDAF's 0.12% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
GCAD Gabelli Commercial Aerospace & Defense ETF | 1.81% | 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 0.45, 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 1.81%, 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.
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