GCAD vs. DFEN ETF Comparison

Comparison of Gabelli Equity Income ETF (GCAD) to Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN)

GCAD

Gabelli Equity Income ETF

GCAD Description

The fund will seek to achieve its investment objective by investing, under normal market conditions, at least 80% of its net assets in securities in income producing equity securities including securities in the aerospace and defense sectors. Aerospace companies include manufacturers, assemblers and distributors of aircraft and aircraft parts. Defense companies include producers of components and equipment for the defense industry, such as military aircraft, radar equipment and weapons.

Grade (RS Rating)

Last Trade

$30.12

Average Daily Volume

855

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

DFEN

Direxion Daily Aerospace & Defense Bull 3X Shares

DFEN Description

The investment seeks daily investment results, before fees and expenses, of 300% of the daily performance of the Dow Jones U.S. Select Aerospace & Defense Index. The fund, under normal circumstances, invests at least 80% of its net assets (plus borrowing for investment purposes) in financial instruments that provide daily leveraged exposure to the index and/or exchange-traded funds ("ETFs") that track the index. The index is provided by Dow Jones U.S. Index. The index provider attempts to measure the performance of the aerospace and defense industry of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$25.14

Average Daily Volume

216,887

Number of Holdings ^*

32

* may have additional holdings in another (foreign) market

Performance

Period	GCAD	DFEN
30 Days	-2.30%	-5.67%
60 Days	2.19%	2.75%
90 Days	6.18%	14.93%
12 Months	21.19%	26.82%

9 Overlapping Holdings

	Symbol	Grade	Weight in GCAD	Weight in DFEN	Overlap
	BA	F	8.26%	8.64%	8.26%
	CW	A	5.58%	1.59%	1.59%
	DCO	A	6.56%	0.12%	0.12%
	HXL	D	5.21%	0.89%	0.89%
	LHX	A	5.2%	2.83%	2.83%
	MOG.A	A	8.49%	0.74%	0.74%
	SPR	D	7.45%	0.6%	0.6%
	TXT	D	5.43%	2.72%	2.72%
	WWD	A	5.26%	1.48%	1.48%

GCAD Overweight 1 Positions Relative to DFEN

	Symbol	Grade	Weight
	CR	A	5.13%

GCAD Underweight 23 Positions Relative to DFEN

	Symbol	Grade	Weight
	RTX	A	-12.18%
	LMT	A	-8.75%
	TDG	A	-3.16%
	NOC	A	-3.11%
	GD	A	-3.06%
	AXON	B	-2.86%
	HWM	B	-2.77%
	HEI	A	-1.94%
	HII	C	-1.79%
	BWXT	C	-1.42%
	HEI	A	-1.26%
	AVAV	A	-0.71%
	KTOS	D	-0.41%
	AIR	A	-0.37%
	MRCY	F	-0.25%
	TGI	C	-0.17%
	RKLB	D	-0.16%
	SWBI	A	-0.13%
	RGR	B	-0.13%
	ACHR	F	-0.12%
	CDRE	C	-0.1%
	NPK	A	-0.07%
	SPCE	F	-0.05%

GCAD: Top Represented Industries & Keywords

Industries: Aerospace & Defense Diversified Industrials Communication Equipment

Keywords: Aerospace Actuator Avionics Engineered Products Helicopter S&P 500 Weapons Wind Turbine Aerostructure Data Communications Defense Systems Electronics Fiber Optics Industrial Products Intelligence Systems Microwave Radar Supply Chain Management Turbines Adhesives

DFEN: Top Represented Industries & Keywords

Industries: Aerospace & Defense Communication Equipment Computer Systems Conglomerates Diversified Industrials Security & Protection Services Specialty Industrial Machinery

Keywords: Aerospace S&P 500 Weapons Department Of Defense Aviation Avionics Helicopter Radar Space Systems Actuator Aerostructure Defense Systems Electronics Laser Law Enforcement Microwave U.S. Department Of Defense Aerospace Systems Combat Systems Communications Systems