GCAD vs GPIX
Gabelli Commercial Aerospace and Defense Fund vs Goldman Sachs S&P 500 Premium Income ETF
Which is better, GCAD or GPIX?
Each has led over a different period.
GCAD has a lower expense ratio. GCAD led over 3Y and the full window, GPIX over 1Y. GPIX is less concentrated, with 38.9% 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 | GCAD | GPIX |
|---|---|---|
| Expense Ratio | 0.00%Best | 0.29% |
| AUM | $43M | $6.3B |
| Dividend Yield | 1.98% | 8.16% |
| Holdings | 55 | 496 |
| YTD Return | +1.42% | +13.52%Best |
| 1Y Return | +7.79% | +17.92%Best |
| 3Y Return (annualized) | +28.66%Best | +23.39% |
| Volatility (annualized) | 17.3% | 10.5%Best |
| Max Drawdown | -17.5%Tie | -17.5%Tie |
| $10,000 over 3 years | $21,692Best | $18,786 |
| Top 10 Weight | 49.3% | 38.9%Best |
| Fund Family | Gabelli Funds | Goldman Sachs Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jan 3, 2023 | Oct 24, 2023 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 3 years row, are measured over the window both funds cover: Oct 26, 2023 to Oct 14, 2026 (3 years).
GCAD vs GPIX 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 3 years both funds cover.
GCAD vs GPIX Performance
Gabelli Commercial Aerospace and Defense Fund (GCAD) is an ETF from Gabelli Funds and Goldman Sachs S&P 500 Premium Income ETF (GPIX) is an ETF from Goldman Sachs Asset Management. Over the past year GCAD returned +7.79% while GPIX returned +17.92%. Year to date, GCAD is up 1.42% versus a gain of 13.52% for GPIX.
Over three years, GCAD compounded at +28.66% per year against +23.39% for GPIX.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GCAD has been the more volatile fund, with annualized monthly volatility of 17.3% compared with 10.5% for GPIX. 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 -17.5% for GCAD and -17.5% for GPIX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.61. They move together some of the time, and apart the rest.
Fees and Cost Over Time
GCAD charges 0.00% per year while GPIX charges 0.29%. On a $10,000 position that is $0 vs $29 annually, a gap of $29 per year that compounds over a long holding period. On income, GCAD currently yields 1.98% against 8.16% for GPIX.
Holdings Overlap
41.5% of GCAD's money is in holdings GPIX also owns. 2.5% of GPIX's money is in holdings GCAD also owns.
The two portfolios partly overlap.
14 positions in common, counted across the 51 positions we hold weights for in GCAD and 491 in GPIX, against full books of 55 and 496.
What only one of them owns
Our book lists 454 positions for GPIX that do not appear in our book for GCAD (97.1% of the fund), and 29 for GCAD that do not appear in GPIX (49.7%).
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 GCAD | Weight in GPIX | Difference |
|---|---|---|---|
| BABoeing Co | 5.19% | 0.22% | 4.97% |
| LHXL3Harris Technologies Inc. | 4.87% | 0.07% | 4.80% |
| RTXRaytheon Co. | 4.51% | 0.41% | 4.10% |
| HONAHoneywell Aerospace Inc | 4.68% | 0.03% | 4.65% |
| LMTLockheed Martin | 4.47% | 0.13% | 4.34% |
| NOCNorthrop Grumman Corp. | 3.71% | 0.13% | 3.58% |
| TXTTextron Inc. | 3.54% | 0.02% | 3.52% |
| GDGeneral Dynamics Corp. | 2.53% | 0.18% | 2.35% |
| HWMHowmet Aerospace | 2.48% | 0.16% | 2.32% |
| TDGTransdigm Group Inc. | 1.91% | 0.06% | 1.85% |
41.5% of GCAD is already inside GPIX.
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, GCAD or GPIX?
GCAD has an expense ratio of 0.00% while GPIX charges 0.29%. GCAD is the cheaper option, by $29 a year on a $10,000 investment.
Which performed better, GCAD or GPIX?
Over the past year GCAD returned +7.79% vs +17.92% for GPIX, so GPIX leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GCAD or GPIX?
GCAD has been the more volatile fund at 17.3% annualized versus 10.5% for GPIX. Worst drawdown: GCAD -17.5% vs GPIX -17.5%.
Should I hold both GCAD and GPIX?
GCAD and GPIX have a monthly-return correlation of 0.61, 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 GCAD and GPIX?
41.5% of GCAD's money is in holdings GPIX also owns. 2.5% of GPIX's is in holdings GCAD also owns. They hold 14 positions in common, counted across the 51 positions we hold weights for in GCAD and 491 in GPIX.
Which pays a higher dividend, GCAD or GPIX?
GCAD yields 1.98% while GPIX yields 8.16%, so GPIX currently pays the higher dividend yield.
Is GPIX better than GCAD?
GCAD has a lower expense ratio. GCAD led over 3Y and the full window, GPIX over 1Y. GPIX is less concentrated, with 38.9% 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.