FELC vs GCAD
Fidelity Enhanced Large Cap Core ETF vs Gabelli Commercial Aerospace and Defense Fund
Which is better, FELC or GCAD?
Each has led over a different period.
GCAD has a lower expense ratio. FELC led over 1Y, GCAD over 3Y and the full window. FELC is less concentrated, with 40.1% of the fund in its ten largest positions against 49.3%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FELC | GCAD |
|---|---|---|
| Expense Ratio | 0.18% | 0.00%Best |
| AUM | $8.6B | $43M |
| Dividend Yield | 0.83% | 1.98% |
| Holdings | 590 | 55 |
| YTD Return | +14.93%Best | +1.42% |
| 1Y Return | +19.54%Best | +7.79% |
| 3Y Return (annualized) | +22.11% | +28.66%Best |
| Volatility (annualized) | 11.7%Best | 17.1% |
| Max Drawdown | -18.6% | -17.5%Best |
| $10,000 over 2.9 years | $17,848 | $19,850Best |
| Top 10 Weight | 40.1%Best | 49.3% |
| Fund Family | Fidelity Investments (US) | Gabelli Funds |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 20, 2023 | Jan 3, 2023 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 2.9 years row, are measured over the window both funds cover: Nov 20, 2023 to Oct 14, 2026 (2.9 years).
FELC vs GCAD growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.9 years both funds cover.
FELC vs GCAD Performance
Fidelity Enhanced Large Cap Core ETF (FELC) is an ETF from Fidelity Investments (US) and Gabelli Commercial Aerospace and Defense Fund (GCAD) is an ETF from Gabelli Funds. Over the past year FELC returned +19.54% while GCAD returned +7.79%. Year to date, FELC is up 14.93% versus a gain of 1.42% for GCAD.
Over three years, FELC compounded at +22.11% per year against +28.66% for GCAD.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GCAD has been the more volatile fund, with annualized monthly volatility of 17.1% compared with 11.7% for FELC. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -18.6% for FELC and -17.5% for GCAD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.56. They move together some of the time, and apart the rest.
Fees and Cost Over Time
FELC charges 0.18% per year while GCAD charges 0.00%. On a $10,000 position that is $18 vs $0 annually, a gap of $18 per year that compounds over a long holding period. On income, FELC currently yields 0.83% against 1.98% for GCAD.
Holdings Overlap
2.9% of FELC's money is in holdings GCAD also owns. 36.6% of GCAD's money is in holdings FELC also owns.
The two portfolios partly overlap.
13 positions in common, counted across the 300 positions we hold weights for in FELC and 51 in GCAD, against full books of 590 and 55.
What only one of them owns
Our book lists 30 positions for GCAD that do not appear in our book for FELC (54.6% of the fund), and 208 for FELC that do not appear in GCAD (96.5%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in FELC | Weight in GCAD | Difference |
|---|---|---|---|
| RTXRaytheon Co. | 0.61% | 4.51% | 3.90% |
| LHXL3Harris Technologies Inc. | 0.06% | 4.87% | 4.81% |
| HONAHoneywell Aerospace Inc | 0.00% | 4.68% | 4.68% |
| LMTLockheed Martin | 0.11% | 4.47% | 4.36% |
| NOCNorthrop Grumman Corp. | 0.14% | 3.71% | 3.57% |
| CRCrane Co | 0.15% | 3.20% | 3.05% |
| GDGeneral Dynamics Corp. | 0.44% | 2.53% | 2.09% |
| HWMHowmet Aerospace | 0.33% | 2.48% | 2.15% |
| GEGeneral Electric Co. | 0.70% | 1.45% | 0.75% |
| WWDWoodward Inc | 0.00% | 1.84% | 1.84% |
36.6% of GCAD is already inside FELC.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FELC or GCAD?
FELC has an expense ratio of 0.18% while GCAD charges 0.00%. GCAD is the cheaper option, by $18 a year on a $10,000 investment.
Which performed better, FELC or GCAD?
Over the past year FELC returned +19.54% vs +7.79% for GCAD, so FELC leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FELC or GCAD?
GCAD has been the more volatile fund at 17.1% annualized versus 11.7% for FELC. Worst drawdown: FELC -18.6% vs GCAD -17.5%.
Should I hold both FELC and GCAD?
FELC and GCAD have a monthly-return correlation of 0.56, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between FELC and GCAD?
36.6% of GCAD's money is in holdings FELC also owns. 36.6% of GCAD's is in holdings FELC also owns. They hold 13 positions in common, counted across the 300 positions we hold weights for in FELC and 51 in GCAD.
Which pays a higher dividend, FELC or GCAD?
FELC yields 0.83% while GCAD yields 1.98%, so GCAD currently pays the higher dividend yield.
Is GCAD better than FELC?
GCAD has a lower expense ratio. FELC led over 1Y, GCAD over 3Y and the full window. FELC is less concentrated, with 40.1% of the fund in its ten largest positions against 49.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.