GCAD vs. XAR ETF Comparison

Comparison of Gabelli Equity Income ETF (GCAD) to SPDR S&P Aerospace & Defense ETF (XAR)

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

$30.25

Average Daily Volume

873

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

XAR

SPDR S&P Aerospace & Defense ETF

XAR Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the aerospace and defense segment of a U.S. total market composite index. In seeking to track the performance of the S&P Aerospace & Defense Select Industry Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the aerospace and defense industry group of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$136.11

Average Daily Volume

70,873

Number of Holdings ^*

30

* may have additional holdings in another (foreign) market

Performance

Period	GCAD	XAR
30 Days	-1.45%	-2.96%
60 Days	3.31%	0.94%
90 Days	6.89%	5.09%
12 Months	24.88%	20.40%

9 Overlapping Holdings

	Symbol	Grade	Weight in GCAD	Weight in XAR	Overlap
	BA	F	8.26%	3.41%	3.41%
	CW	A	5.58%	4.12%	4.12%
	DCO	A	6.56%	0.87%	0.87%
	HXL	D	5.21%	3.27%	3.27%
	LHX	A	5.2%	3.85%	3.85%
	MOG.A	A	8.49%	3.37%	3.37%
	SPR	D	7.45%	3.65%	3.65%
	TXT	B	5.43%	4.04%	4.04%
	WWD	A	5.26%	3.99%	3.99%

GCAD Overweight 1 Positions Relative to XAR

	Symbol	Grade	Weight
	CR	A	5.13%

GCAD Underweight 21 Positions Relative to XAR

	Symbol	Grade	Weight
	RTX	A	-4.44%
	HEI	A	-4.25%
	GD	B	-4.25%
	LMT	A	-4.23%
	TDG	A	-4.09%
	NOC	A	-4.07%
	AIR	A	-3.73%
	AXON	B	-3.73%
	HII	C	-3.71%
	HWM	B	-3.69%
	AVAV	A	-3.58%
	BWXT	C	-3.55%
	KTOS	B	-3.42%
	ACHR	D	-3.41%
	RKLB	F	-3.22%
	MRCY	D	-2.43%
	TGI	C	-2.13%
	SPCE	F	-1.65%
	CDRE	D	-0.94%
	ATRO	D	-0.44%
	NPK	A	-0.37%

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

XAR: 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 Department Of Defense Avionics Weapons Aviation Helicopter Radar Space Systems U.S. Department Of Defense Actuator Aerostructure Defense Systems Electronics Microwave Test Systems Aerospace Systems Combat Systems Communications Systems Defense Applications