GCADvsMISLETF Comparison
ETF 1
GCAD
Gabelli Commercial Aerospace & Defense ETF
VS
ETF 2
MISL
First Trust Indxx Aerospace & Defense ETF
Gabelli Commercial Aerospace & Defense ETF (GCAD) and First Trust Indxx Aerospace & Defense ETF (MISL) belong to the same industry segment: . GCAD's top 3 sector exposures are Industrials, Non-Energy Materials and Sovereign. In contrast, MISL's top sector exposures are Industrials, Business Services and Telecommunications. GCAD is more expensive with a Total Expense Ratio (TER) of 0.9%, versus 0.6% for MISL. GCAD is up 7.41% year-to-date (YTD) with +$30M in YTD flows. MISL performs worse with -1.38% YTD performance, and -$608M in YTD flows. Run a side-by-side ETF comparison of GCAD and MISL below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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GCAD vs MISL performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | GCAD MISL | -13.03%-11.77% | -10.64%-9.99% | +7.41%-1.38% | +15.73%+6.82% | +111.02%+92.12% | n/an/a |
| Flows | GCAD MISL | +$2M-$9M | +$11M-$43M | +$30M-$608M | +$31M+$454M | +$36M+$555M | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | GCAD MISL | +19.92%+25.79% | +21.70%+25.79% | +19.34%+20.84% | n/an/a |
| Max drawdown | GCAD MISL | -14.11%-12.21% | -14.81%-17.06% | -16.22%-17.72% | n/an/a |
| Max drawdown duration | GCAD MISL | 31d30d | 121d239d | 91d184d | n/an/a |
Trading data
GCAD | MISL | |
Last sale 9/17/2026 at 7:26 PM | $49.53 | $42.59 |
| Previous close 09/16/2026 | $49.89 | $42.50 |
| Consolidated volume 09/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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GCAD
is actively managed and doesn’t replicate an indexGCAD | MISL | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/17/2026 at 7:26 PM
Live
Closed
GCAD | MISL | |
|---|---|---|
| Last price | $49.53 | $42.59 |
| 1D performance | -0.73% | +0.21% |
| AuM | $43.32 M | $699.77 M |
| E/R | 0.9% | 0.6% |
Characteristics
GCAD | MISL | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Gabelli Funds | First Trust |
| Benchmark | - | Indxx US Aerospace and Defense Index |
| N° of holdings | 52 | 38 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 3, 2023 | October 26, 2022 |
| ESG | No | No |
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Exposure
Countries
GCAD
USA
95.02%
Other
4.98%
MISL
USA
99.6%
Other
0.4%
Sectors
GCAD
Industrials
84.88%
Non-Energy Materi.
10.3%
Other
4.82%
MISL
Industrials
76.86%
Business Services
12.3%
Telecommunication.
9.92%
Other
0.92%
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Diversification
GCAD
Total weight of top 15 holdings out of 15
65.83%
MISL
Total weight of top 15 holdings out of 15
78.08%
Top 15 holdings
Data as of July 31, 2026
GCAD
Albany International Corp.
6.96%
Moog, Inc.
6.28%
The Boeing Co.
5.43%
Hexcel Corp.
4.81%
Ducommun, Inc.
4.80%
RTX Corp.
4.78%
Honeywell Aerospace, Inc.
4.68%
Lockheed Martin Corp.
4.58%
L3Harris Technologies, Inc.
4.46%
Textron, Inc.
3.76%
Northrop Grumman Corp.
3.74%
Mercury Systems, Inc.
3.15%
Crane Co.
3.01%
Howmet Aerospace, Inc.
2.75%
General Dynamics Corp.
2.64%
MISL
Palantir Technologies, Inc.
10.79%
RTX Corp.
8.52%
The Boeing Co.
7.61%
GE Aerospace
7.55%
Space Exploration Technologies Corp.
7.25%
Lockheed Martin Corp.
4.30%
Northrop Grumman Corp.
4.11%
General Dynamics Corp.
4.05%
Howmet Aerospace, Inc.
3.97%
HEICO Corp.
3.93%
L3Harris Technologies, Inc.
3.66%
TransDigm Group, Inc.
3.59%
Rocket Lab Corp.
3.54%
AST SpaceMobile, Inc.
2.67%
Curtiss-Wright Corp.
2.54%
Frequently asked questions about GCAD and MISL
How have the GCAD and MISL ETFs performed in 2026?
As of September 16, 2026, GCAD is up 7.41% year-to-date (YTD), while MISL has lost -1.38%. That puts GCAD better performer ahead so far this year.
Which ETF is attracting more investor money: GCAD or MISL?
Year-to-date, the GCAD ETF saw +$30M in flows, compared to -$608M for MISL.
Which ETF is more volatile: GCAD or MISL?
Over the past year, GCAD had a volatility of 21.7%, while MISL experienced 25.79%.
Which ETF is bigger: GCAD or MISL?
As of September 16, 2026, GCAD holds $43.32 M in assets under management (AUM), while MISL manages $699.77 M.
What sectors do the GCAD and MISL ETFs invest in?
GCAD leans toward sectors like Industrials and Non-Energy Materials. Meanwhile, MISL focuses on Industrials, Business Services and Telecommunications.
What are the top holdings of the GCAD ETF and MISL ETF?
GCAD top holdings include Albany International Corp., Moog, Inc. and The Boeing Co.. MISL holds in its top three: Palantir Technologies, Inc., RTX Corp. and The Boeing Co..
Which ETF is more diversified: GCAD or MISL?
GCAD holds 53 securities with 65.83% of its assets in the top 15. MISL has 38 securities and a top 15 weight of 78.08%.
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Latest news about GCAD & MISL
Tony's ETF Buyers Guide: Aerospace & Defense ETFs
January 15, 2024
GCAD
Israel-Hamas War, Part 1: Implications for Aerospace & Defense ETFs
November 2, 2023
GCAD
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