GCADvsPPAETF Comparison
ETF 1
GCAD
Gabelli Commercial Aerospace & Defense ETF
VS
ETF 2
PPA
Invesco Aerospace & Defense ETF
Gabelli Commercial Aerospace & Defense ETF (GCAD) and Invesco Aerospace & Defense ETF (PPA) belong to the same industry segment: . GCAD's top 3 sector exposures are Industrials, Non-Energy Materials and Telecommunications. In contrast, PPA's top sector exposures are Industrials, Technology and Non-Energy Materials. GCAD is more expensive with a Total Expense Ratio (TER) of 0.9%, versus 0.58% for PPA. GCAD is up 20.63% year-to-date (YTD) with +$27M in YTD flows. PPA performs worse with 14.44% YTD performance, and +$638M in YTD flows. Run a side-by-side ETF comparison of GCAD and PPA below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
GCAD vs PPA 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 PPA | -1.44%-1.88% | +11.42%+8.76% | +20.63%+14.44% | +32.86%+22.37% | +130.02%+115.52% | n/a+147.91% |
| Flows | GCAD PPA | +$1M+$38M | +$15M-$35M | +$27M+$638M | +$29M+$976M | +$33M+$2.88B | -+$3.97B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | GCAD PPA | +25.92%+24.89% | +21.19%+21.07% | +19.10%+18.53% | n/a+18.73% |
| Max drawdown | GCAD PPA | -6.68%-8.09% | -14.81%-13.68% | -16.22%-15.16% | n/a-18.41% |
| Max drawdown duration | GCAD PPA | 28d28d | 121d154d | 91d171d | n/a227d |
Trading data
GCAD | PPA | |
Last sale 8/4/2026 at 4:12 PM | $56.47 | $183.42 |
| Previous close 08/03/2026 | $56.17 | $179.14 |
| 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
Create an account to view replication metrics
Join for free
GCAD
is actively managed and doesn’t replicate an indexGCAD | PPA | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 8/4/2026 at 4:12 PM
Live
Closed
GCAD | PPA | |
|---|---|---|
| Last price | $56.47 | $183.42 |
| 1D performance | +0.53% | +2.39% |
| AuM | $45.85 M | $8.48 B |
| E/R | 0.9% | 0.58% |
Characteristics
GCAD | PPA | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Gabelli Funds | Invesco |
| Benchmark | - | SPADE Defense Index |
| N° of holdings | 48 | 60 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 3, 2023 | October 26, 2005 |
| ESG | No | No |
Advertisement
Exposure
Countries
GCAD
USA
86.94%
Other
13.06%
PPA
USA
89.53%
Other
10.47%
Sectors
GCAD
Industrials
79.4%
Non-Energy Materi.
10.44%
Other
10.15%
PPA
Industrials
83.1%
Other
16.9%
Diversification
GCAD
Total weight of top 15 holdings out of 15
62.26%
PPA
Total weight of top 15 holdings out of 15
67.56%
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%
PPA
GE Aerospace
9.76%
The Boeing Co.
8.44%
RTX Corp.
7.44%
Lockheed Martin Corp.
6.11%
Howmet Aerospace, Inc.
4.51%
General Dynamics Corp.
4.45%
Parker-Hannifin Corp.
3.89%
Northrop Grumman Corp.
3.76%
L3Harris Technologies, Inc.
3.34%
Elbit Systems Ltd.
2.98%
TransDigm Group, Inc.
2.92%
Rocket Lab Corp.
2.77%
Amphenol Corp.
2.54%
US4385162056
2.42%
US43849R1059
2.22%
Frequently asked questions about GCAD and PPA
How have the GCAD and PPA ETFs performed in 2026?
As of August 3, 2026, GCAD is up 20.63% year-to-date (YTD), while PPA has returned 14.44%. That puts GCAD better performer ahead so far this year.
Which ETF is attracting more investor money: GCAD or PPA?
Year-to-date, the GCAD ETF saw +$27M in flows, compared to +$638M for PPA.
Which ETF is more volatile: GCAD or PPA?
Over the past year, GCAD had a volatility of 21.19%, while PPA experienced 21.07%.
Which ETF is bigger: GCAD or PPA?
As of August 3, 2026, GCAD holds $45.85 M in assets under management (AUM), while PPA manages $8.48 B.
What sectors do the GCAD and PPA ETFs invest in?
GCAD leans toward sectors like Industrials and Non-Energy Materials. Meanwhile, PPA focuses on Industrials.
What are the top holdings of the GCAD ETF and PPA ETF?
GCAD top holdings include Albany International Corp., Moog, Inc. and The Boeing Co.. PPA holds in its top three: GE Aerospace, The Boeing Co. and RTX Corp..
Which ETF is more diversified: GCAD or PPA?
GCAD holds 54 securities with 62.26% of its assets in the top 15. PPA has 61 securities and a top 15 weight of 67.56%.
Advertisement
Latest news about GCAD & PPA
ETF Model Portfolios: The Geopolitical Risk Thematic Hedge
July 2, 2026
PPA
Advertisement
Advertisement
