KDVD vs. GCAD

Last updated Jun 4, 2026

KDVD (Keeley Dividend ETF) and GCAD (Gabelli Commercial Aerospace & Defense ETF) are both exchange-traded funds - KDVD is a Mid Cap Blend Equities fund actively managed by Gabelli, while GCAD is a Aerospace & Defense fund actively managed by Gabelli. Both are actively managed. A 0.67 correlation means they provide meaningful diversification when combined. Both charge a 0.00% expense ratio.

Performance

KDVD vs. GCAD - Performance Comparison

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

Returns By Period

In the year-to-date period, KDVD achieves a 10.24% return, which is significantly lower than GCAD's 14.09% return.

KDVD

• 1D: -0.41%
• 1M: 1.08%
• YTD: 10.24%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GCAD

• 1D: -1.56%
• 1M: 5.29%
• YTD: 14.09%
• 6M: 19.16%
• 1Y: 35.52%
• 3Y*: 33.27%
• 5Y*: —
• 10Y*: —

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

KDVD vs. GCAD - Yearly Performance Comparison

	2026 (YTD)	2025
KDVD Keeley Dividend ETF	10.24%	-0.26%
GCAD Gabelli Commercial Aerospace & Defense ETF	14.09%	3.22%

Correlation

The correlation between KDVD and GCAD is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 9, 2025	0.67

Return for Risk

KDVD vs. GCAD — Risk / Return Rank

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

GCAD

GCAD Risk / Return Rank: 52
GCAD Sharpe Ratio Rank: 54
GCAD Sortino Ratio Rank: 57
GCAD Omega Ratio Rank: 52
GCAD Calmar Ratio Rank: 48
GCAD Martin Ratio Rank: 49

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.

KDVD vs. GCAD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Keeley Dividend ETF (KDVD) 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.

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

Sharpe Ratios by Period

	KDVD	GCAD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.86	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.44	1.56	-0.12

Drawdowns

KDVD vs. GCAD - Drawdown Comparison

The maximum KDVD drawdown since its inception was -10.98%, smaller than the maximum GCAD drawdown of -16.14%. Use the drawdown chart below to compare losses from any high point for KDVD and GCAD.

Drawdown Indicators

	KDVD	GCAD	Difference
Max Drawdown Largest peak-to-trough decline	-10.98%	-16.14%	+5.16%
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	-2.57%	-5.92%	+3.35%
Average Drawdown Average peak-to-trough decline	-2.97%	-3.03%	+0.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.32%	—

Volatility

Volatility by Period

	KDVD	GCAD	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	15.20%	19.25%	-4.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.20%	18.49%	-3.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.20%	18.49%	-3.29%

KDVD vs. GCAD - Expense Ratio Comparison

KDVD has a 0.00% expense ratio, which is lower than GCAD's 0.00% 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

KDVD vs. GCAD - Dividend Comparison

KDVD's dividend yield for the trailing twelve months is around 0.71%, less than GCAD's 1.81% yield.

Position	TTM	2025	2024	2023
GCAD Gabelli Commercial Aerospace & Defense ETF	1.81%	2.06%	4.94%	3.62%
KDVD Keeley Dividend ETF	0.71%	0.20%	0.00%	0.00%

Frequently Asked Questions

Can I hold both KDVD and GCAD in my portfolio?

KDVD and GCAD have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KDVD or GCAD?

Both ETFs have the same 0.00% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KDVD or GCAD?

KDVD and GCAD have the same expense ratio: 0.00% per year.

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

GCAD has the higher dividend yield at 1.81%, compared with 0.71% for KDVD.

What is the main difference between KDVD and GCAD?

KDVD is categorized as Mid Cap Blend Equities, while GCAD is Aerospace & Defense.