GOLS vs. GCAD

Last updated Jun 26, 2026

GOLS (Gabelli Opportunities in Live and Sports ETF) and GCAD (Gabelli Commercial Aerospace & Defense ETF) are both exchange-traded funds - GOLS is a Communications Equities fund actively managed by Gabelli, while GCAD is a Aerospace & Defense fund actively managed by Gabelli. Both are actively managed. At a 0.49 correlation, their price movements are largely independent. GOLS charges 0.90%/yr vs 0.00%/yr for GCAD.

Performance

GOLS vs. GCAD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gabelli Opportunities in Live and Sports ETF (GOLS) and Gabelli Commercial Aerospace & Defense ETF (GCAD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GOLS

• 1D: 0.10%
• 1M: -0.83%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GCAD

• 1D: 1.10%
• 1M: 2.53%
• YTD: 18.89%
• 6M: 16.50%
• 1Y: 38.81%
• 3Y*: 34.50%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GOLS vs. GCAD - Yearly Performance Comparison

	2026 (YTD)
GOLS Gabelli Opportunities in Live and Sports ETF	2.64%
GCAD Gabelli Commercial Aerospace & Defense ETF	18.89%

Correlation

The correlation between GOLS and GCAD is 0.49, 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 Jan 2, 2026	0.49

Return for Risk

GOLS vs. GCAD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GOLS

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

GCAD

GCAD Risk / Return Rank: 64
GCAD Sharpe Ratio Rank: 67
GCAD Sortino Ratio Rank: 73
GCAD Omega Ratio Rank: 63
GCAD Calmar Ratio Rank: 60
GCAD Martin Ratio Rank: 57

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GOLS vs. GCAD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gabelli Opportunities in Live and Sports ETF (GOLS) and Gabelli Commercial Aerospace & Defense ETF (GCAD). 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.

	GOLS	GCAD	Difference
Sharpe ratio: Return per unit of total volatility	—	1.92	—
Sortino ratio: Return per unit of downside risk	—	2.86	—
Omega ratio: Gain probability vs. loss probability	—	1.34	—
Calmar ratio: Return relative to maximum drawdown	—	2.61	—
Martin ratio: Return relative to average drawdown	—	8.89	—

Drawdowns

GOLS vs. GCAD - Drawdown Comparison

The maximum GOLS drawdown since its inception was -7.85%, smaller than the maximum GCAD drawdown of -16.14%. Use the drawdown chart below to compare losses from any high point for GOLS and GCAD.

Drawdown Indicators

	GOLS	GCAD	Difference
Max Drawdown Largest peak-to-trough decline	-7.85%	-16.14%	+8.29%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.96%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-16.14%	—
Current Drawdown Current decline from peak	-4.10%	-1.98%	-2.12%
Average Drawdown Average peak-to-trough decline	-2.00%	-3.01%	+1.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.38%	—

Volatility

Volatility by Period

	GOLS	GCAD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.10%	—
Volatility (6M) Calculated over the trailing 6-month period	—	17.45%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.63%	20.37%	-6.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.63%	18.74%	-5.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.63%	18.74%	-5.11%

GOLS vs. GCAD - Expense Ratio Comparison

GOLS has a 0.90% expense ratio, which is higher than GCAD's 0.00% expense ratio.

Dividends

GOLS vs. GCAD - Dividend Comparison

GOLS has not paid dividends to shareholders, while GCAD's dividend yield for the trailing twelve months is around 1.73%.

Position	TTM	2025	2024	2023
GCAD Gabelli Commercial Aerospace & Defense ETF	1.73%	2.06%	4.94%	3.62%
GOLS Gabelli Opportunities in Live and Sports ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GOLS and GCAD in my portfolio?

GOLS and GCAD have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GOLS or GCAD?

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.

Which ETF is cheaper, GOLS or GCAD?

GCAD is cheaper with a 0.00% expense ratio, compared with 0.90% for GOLS.

Which ETF pays a higher dividend yield, GOLS or GCAD?

GCAD has the higher dividend yield at 1.73%, compared with 0.00% for GOLS.

What is the main difference between GOLS and GCAD?

GOLS is categorized as Communications Equities, while GCAD is Aerospace & Defense. Their fees differ too: 0.90% for GOLS and 0.00% for GCAD.