GCAD vs. XLG
Compare and contrast key facts about Gabelli Commercial Aerospace & Defense ETF (GCAD) and Invesco S&P 500 Top 50 ETF (XLG).
GCAD and XLG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GCAD is an actively managed fund by Gabelli. It was launched on Jan 3, 2023. XLG is a passively managed fund by Invesco that tracks the performance of the S&P 500 Top 50 Index. It was launched on May 4, 2005.
Performance
GCAD vs. XLG - Performance Comparison
Loading graphics...
GCAD vs. XLG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GCAD Gabelli Commercial Aerospace & Defense ETF | 7.13% | 39.28% | 26.61% | 17.61% |
XLG Invesco S&P 500 Top 50 ETF | -7.82% | 19.51% | 33.49% | 38.62% |
Returns By Period
In the year-to-date period, GCAD achieves a 7.13% return, which is significantly higher than XLG's -7.82% return.
GCAD
- 1D
- 3.88%
- 1M
- -9.20%
- YTD
- 7.13%
- 6M
- 11.82%
- 1Y
- 49.29%
- 3Y*
- 30.53%
- 5Y*
- —
- 10Y*
- —
XLG
- 1D
- 3.26%
- 1M
- -4.33%
- YTD
- -7.82%
- 6M
- -4.84%
- 1Y
- 19.36%
- 3Y*
- 21.64%
- 5Y*
- 13.80%
- 10Y*
- 15.64%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
GCAD vs. XLG - Expense Ratio Comparison
GCAD has a 0.00% expense ratio, which is lower than XLG's 0.20% 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%.
Return for Risk
GCAD vs. XLG — Risk / Return Rank
GCAD
XLG
GCAD vs. XLG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gabelli Commercial Aerospace & Defense ETF (GCAD) and Invesco S&P 500 Top 50 ETF (XLG). 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 | XLG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.30 | 0.97 | +1.33 |
Sortino ratioReturn per unit of downside risk | 3.09 | 1.52 | +1.57 |
Omega ratioGain probability vs. loss probability | 1.43 | 1.22 | +0.21 |
Calmar ratioReturn relative to maximum drawdown | 3.25 | 1.60 | +1.66 |
Martin ratioReturn relative to average drawdown | 14.88 | 5.67 | +9.21 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| GCAD | XLG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.30 | 0.97 | +1.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.74 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.83 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.55 | 0.58 | +0.97 |
Correlation
The correlation between GCAD and XLG is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
GCAD vs. XLG - Dividend Comparison
GCAD's dividend yield for the trailing twelve months is around 1.92%, more than XLG's 0.70% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GCAD Gabelli Commercial Aerospace & Defense ETF | 1.92% | 2.06% | 4.94% | 3.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XLG Invesco S&P 500 Top 50 ETF | 0.70% | 0.64% | 0.72% | 0.97% | 1.34% | 0.94% | 1.25% | 1.58% | 2.00% | 1.85% | 2.00% | 2.09% |
Drawdowns
GCAD vs. XLG - Drawdown Comparison
The maximum GCAD drawdown since its inception was -16.14%, smaller than the maximum XLG drawdown of -52.39%. Use the drawdown chart below to compare losses from any high point for GCAD and XLG.
Loading graphics...
Drawdown Indicators
| GCAD | XLG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.14% | -52.39% | +36.25% |
Max Drawdown (1Y)Largest decline over 1 year | -14.96% | -12.41% | -2.55% |
Max Drawdown (5Y)Largest decline over 5 years | — | -28.02% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.46% | — |
Current DrawdownCurrent decline from peak | -11.66% | -9.56% | -2.10% |
Average DrawdownAverage peak-to-trough decline | -2.79% | -7.69% | +4.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.27% | 3.49% | -0.22% |
Volatility
GCAD vs. XLG - Volatility Comparison
Gabelli Commercial Aerospace & Defense ETF (GCAD) has a higher volatility of 8.02% compared to Invesco S&P 500 Top 50 ETF (XLG) at 5.76%. This indicates that GCAD's price experiences larger fluctuations and is considered to be riskier than XLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| GCAD | XLG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.02% | 5.76% | +2.26% |
Volatility (6M)Calculated over the trailing 6-month period | 14.53% | 10.64% | +3.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.51% | 19.97% | +1.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.15% | 18.69% | -0.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.15% | 18.81% | -0.66% |