GCADvsWELDETF Comparison
ETF 1
GCAD
Gabelli Commercial Aerospace & Defense ETF
VS
Gabelli Commercial Aerospace & Defense ETF (GCAD) belongs to the segment. Tema U.S. Manufacturing & Reshoring ETF (WELD) is part of the US Multi-Factor segment. GCAD's top 3 sector exposures are Industrials, Non-Energy Materials and Telecommunications. In contrast, WELD's top sector exposures are Industrials, Non-Energy Materials and Technology. GCAD is more expensive with a Total Expense Ratio (TER) of 0.9%, versus 0.75% for WELD. GCAD is up 20.63% year-to-date (YTD) with +$27M in YTD flows. WELD performs better with 31.47% YTD performance, and +$56M in YTD flows. Run a side-by-side ETF comparison of GCAD and WELD 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 WELD 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 WELD | -1.44%-3.50% | +11.42%+5.59% | +20.63%+31.47% | +32.86%+41.19% | +130.02%+101.22% | n/an/a |
| Flows | GCAD WELD | +$1M+$10M | +$15M+$25M | +$27M+$56M | +$29M+$64M | +$33M+$208M | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | GCAD WELD | +25.92%+34.90% | +21.19%+26.83% | +19.10%+23.02% | n/an/a |
| Max drawdown | GCAD WELD | -6.68%-14.38% | -14.81%-14.60% | -16.22%-26.90% | n/an/a |
| Max drawdown duration | GCAD WELD | 28d39d | 121d57d | 91d239d | n/an/a |
Trading data
GCAD | WELD | |
Last sale 8/4/2026 at 4:12 PM | $56.47 | $59.09 |
| Previous close 08/03/2026 | $56.17 | $58.21 |
| Consolidated volume 08/03/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 8/4/2026 at 4:12 PM
Live
Closed
GCAD | WELD | |
|---|---|---|
| Last price | $56.47 | $59.09 |
| 1D performance | +0.53% | +1.51% |
| AuM | $45.85 M | $295.15 M |
| E/R | 0.9% | 0.75% |
Characteristics
GCAD | WELD | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Gabelli Funds | Tema |
| Benchmark | - | - |
| N° of holdings | 48 | 24 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 3, 2023 | May 10, 2023 |
| ESG | No | No |
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Exposure
Countries
GCAD
USA
86.94%
Other
13.06%
WELD
USA
79.68%
Other
20.32%
Sectors
GCAD
Industrials
79.4%
Non-Energy Materi.
10.44%
Other
10.15%
WELD
Industrials
71.21%
Non-Energy Materi.
21.17%
Other
7.62%
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Diversification
GCAD
Total weight of top 15 holdings out of 15
62.26%
WELD
Total weight of top 15 holdings out of 15
79.78%
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%
WELD
The Timken Co.
8.15%
Cognex Corp.
7.27%
Caterpillar, Inc.
7.04%
Powell Industries, Inc.
6.97%
Applied Industrial Technologies, Inc.
6.09%
Gates Industrial Corp. Plc
5.78%
Eaton Corp. Plc
5.39%
Terex Corp.
5.05%
ATI, Inc.
4.84%
Linde Plc
4.76%
SPX Technologies, Inc.
3.82%
Rockwell Automation, Inc.
3.73%
Parker-Hannifin Corp.
3.66%
Taiwan Semiconductor Manufacturing Co., Ltd.
3.65%
Ingersoll Rand, Inc.
3.58%
Frequently asked questions about GCAD and WELD
How have the GCAD and WELD ETFs performed in 2026?
As of August 3, 2026, GCAD is up 20.63% year-to-date (YTD), while WELD has returned 31.47%. That puts WELD better performer ahead so far this year.
Which ETF is attracting more investor money: GCAD or WELD?
Year-to-date, the GCAD ETF saw +$27M in flows, compared to +$56M for WELD.
Which ETF is more volatile: GCAD or WELD?
Over the past year, GCAD had a volatility of 21.19%, while WELD experienced 26.83%.
Which ETF is bigger: GCAD or WELD?
As of August 3, 2026, GCAD holds $45.85 M in assets under management (AUM), while WELD manages $295.15 M.
What sectors do the GCAD and WELD ETFs invest in?
GCAD leans toward sectors like Industrials and Non-Energy Materials. Meanwhile, WELD focuses on Industrials and Non-Energy Materials.
What are the top holdings of the GCAD ETF and WELD ETF?
GCAD top holdings include Albany International Corp., Moog, Inc. and The Boeing Co.. WELD holds in its top three: The Timken Co., Cognex Corp. and Caterpillar, Inc..
Which ETF is more diversified: GCAD or WELD?
GCAD holds 54 securities with 62.26% of its assets in the top 15. WELD has 24 securities and a top 15 weight of 79.78%.
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Latest news about GCAD & WELD
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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