GCADvsPAVEETF Comparison
ETF 1
GCAD
Gabelli Commercial Aerospace & Defense ETF
VS
Gabelli Commercial Aerospace & Defense ETF (GCAD) belongs to the segment. Global X U.S. Infrastructure Development ETF (PAVE) is part of the Infrastructure segment. GCAD's top 3 sector exposures are Industrials, Non-Energy Materials and Telecommunications. In contrast, PAVE's top sector exposures are Industrials, Non-Energy Materials and Utilities. GCAD is more expensive with a Total Expense Ratio (TER) of 0.9%, versus 0.47% for PAVE. GCAD is up 20.63% year-to-date (YTD) with +$27M in YTD flows. PAVE performs better with 20.71% YTD performance, and +$1.93B in YTD flows. Run a side-by-side ETF comparison of GCAD and PAVE 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 PAVE performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 08/03/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | GCAD PAVE | -1.44%-0.45% | +11.42%+2.67% | +20.63%+20.71% | +32.86%+27.92% | +130.02%+82.42% | n/a+123.99% |
| Flows | GCAD PAVE | +$1M-$328M | +$15M+$474M | +$27M+$1.93B | +$29M+$2.39B | +$33M+$4.05B | -+$4.40B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | GCAD PAVE | +25.92%+23.33% | +21.19%+20.57% | +19.10%+20.93% | n/a+22.08% |
| Max drawdown | GCAD PAVE | -6.68%-8.05% | -14.81%-11.91% | -16.22%-26.27% | n/a-26.27% |
| Max drawdown duration | GCAD PAVE | 28d39d | 121d59d | 91d239d | n/a239d |
Trading data
GCAD | PAVE | |
Last sale 8/4/2026 at 4:12 PM | $56.47 | $58.47 |
| Previous close 08/03/2026 | $56.17 | $57.54 |
| Consolidated volume 08/03/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of July 31, 2026
1-year trailing difference
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GCAD
is actively managed and doesn’t replicate an indexGCAD | PAVE | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 8/4/2026 at 4:12 PM
Live
Closed
GCAD | PAVE | |
|---|---|---|
| Last price | $56.47 | $58.47 |
| 1D performance | +0.53% | +1.61% |
| AuM | $45.85 M | $14.05 B |
| E/R | 0.9% | 0.47% |
Characteristics
GCAD | PAVE | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Gabelli Funds | Global X |
| Benchmark | - | Indxx U.S. Infrastructure Development Index |
| N° of holdings | 48 | 100 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 3, 2023 | March 6, 2017 |
| ESG | No | No |
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Exposure
Countries
GCAD
USA
86.94%
Other
13.06%
PAVE
USA
92.66%
Other
7.34%
Sectors
GCAD
Industrials
79.4%
Non-Energy Materi.
10.44%
Other
10.15%
PAVE
Industrials
68.41%
Non-Energy Materi.
27.03%
Other
4.56%
Diversification
GCAD
Total weight of top 15 holdings out of 15
62.26%
PAVE
Total weight of top 15 holdings out of 15
46.22%
Top 15 holdings
Data as of June 30, 2026
GCAD
Albany International Corp.
6.82%
Moog, Inc.
6.15%
The Boeing Co.
5.24%
Ducommun, Inc.
4.86%
Hexcel Corp.
4.48%
RTX Corp.
4.18%
Lockheed Martin Corp.
4.07%
L3Harris Technologies, Inc.
4.03%
Mercury Systems, Inc.
3.95%
Textron, Inc.
3.88%
Northrop Grumman Corp.
3.55%
Crane Co.
3.01%
US912797UF28
3.01%
Howmet Aerospace, Inc.
2.59%
Curtiss-Wright Corp.
2.44%
PAVE
Quanta Services, Inc.
4.03%
CSX Corp.
3.55%
Howmet Aerospace, Inc.
3.26%
Trane Technologies Plc
3.26%
Eaton Corp. Plc
3.23%
Deere & Co.
3.17%
Union Pacific Corp.
3.11%
United Rentals, Inc.
3.10%
Rockwell Automation, Inc.
3.00%
Norfolk Southern Corp.
2.89%
Sempra
2.89%
Fastenal Co.
2.79%
Nucor Corp.
2.72%
Parker-Hannifin Corp.
2.71%
Emerson Electric Co.
2.51%
Frequently asked questions about GCAD and PAVE
How have the GCAD and PAVE ETFs performed in 2026?
As of August 3, 2026, GCAD is up 20.63% year-to-date (YTD), while PAVE has returned 20.71%. That puts PAVE better performer ahead so far this year.
Which ETF is attracting more investor money: GCAD or PAVE?
Year-to-date, the GCAD ETF saw +$27M in flows, compared to +$1.93B for PAVE.
Which ETF is more volatile: GCAD or PAVE?
Over the past year, GCAD had a volatility of 21.19%, while PAVE experienced 20.57%.
Which ETF is bigger: GCAD or PAVE?
As of August 3, 2026, GCAD holds $45.85 M in assets under management (AUM), while PAVE manages $14.05 B.
What sectors do the GCAD and PAVE ETFs invest in?
GCAD leans toward sectors like Industrials and Non-Energy Materials. Meanwhile, PAVE focuses on Industrials and Non-Energy Materials.
What are the top holdings of the GCAD ETF and PAVE ETF?
GCAD top holdings include Albany International Corp., Moog, Inc. and The Boeing Co.. PAVE holds in its top three: Quanta Services, Inc., CSX Corp. and Howmet Aerospace, Inc..
Which ETF is more diversified: GCAD or PAVE?
GCAD holds 54 securities with 62.26% of its assets in the top 15. PAVE has 100 securities and a top 15 weight of 46.22%.
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