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ETFs

Gabelli Equity Income ETF

GCAD
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Jan 03 2023
Expense Ratio
NaN%
Type
US Equities
Fund Owner
GAMCO Investors
Volume (1m avg. daily)
$17,569
AUM
$3,498,850
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Invest with GCAD

What is GCAD?

Gabelli Commercial Aerospace & Defense ETF seeks to invest in Aerospace companies that include manufacturers, assemblers, and distributors of aircraft and aircraft parts. Defense companies include producers of components and equipment for the defense industry, such as military aircraft, radar equipment, and weapons. Income-producing equity securities include U.S. exchange-listed common stock and preferred stock.

ETFs related toGCAD

ETFs correlated to GCAD include CVLC, KBWP, IAK

GCAD
Gabelli ETFs Trust - Gabelli Commercial Aerospace and Defense Fund
CVLC
Morgan Stanley ETF Trust - Calvert US Large-Cap Core Responsible Index ETF
KBWP
Invesco Capital Management LLC - Invesco KBW Property & Casualty Insurance ETF
IAK
BlackRock Institutional Trust Company N.A. - iShares U.S. Insurance ETF
KIE
SPDR Series Trust - SPDR S&P Insurance ETF
XMMO
Invesco Capital Management LLC - Invesco S&P MidCap Momentum ETF
GJAN
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - January
AIRR
First Trust Exchange-Traded Fund III - First Trust RBA American Industrial Renaissance ETF
XMHQ
Invesco Capital Management LLC - Invesco S&P MidCap Quality ETF
PKW
Invesco Capital Management LLC - Invesco BuyBack Achievers ETF
VFMO
Vanguard Group, Inc. - Vanguard U.S. Momentum Factor ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

GCAD is a US Equities ETF. Gabelli Commercial Aerospace & Defense ETF seeks to invest in Aerospace companies that include manufacturers, assemblers, and distributors of aircraft and aircraft parts. Defense companies include producers of components and equipment for the defense industry, such as military aircraft, radar equipment, and weapons. Income-producing equity securities include U.S. exchange-listed common stock and preferred stock.

Yes, GCAD is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, GCAD is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on GCAD is -0.0715%. This is the percent change in the value of GCAD over the most recent 1-month period. The 3-month return on GCAD is %. This is the percent change in the value of GCAD over the most recent 3-month period.

ETFs similar to GCAD include XLY, XLE, and XLU.

ETFs correlated to GCAD include CVLC, KBWP, and IAK.

ETFs that are inversely correlated to GCAD include FAZ, SEF, and SDOW.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.