GCAD vs IVV
Gabelli Commercial Aerospace and Defense Fund vs iShares Core S&P 500 ETF
Which is better, GCAD or IVV?
Each has led over a different period.
IVV has a lower expense ratio. GCAD led over 3Y and the full window, IVV over 1Y. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 49.6%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | GCAD | IVV |
|---|---|---|
| Expense Ratio | 0.10% | 0.03%Best |
| AUM | $44M | $876.4B |
| Dividend Yield | 1.87% | 1.06% |
| Holdings | 55 | 508 |
| YTD Return | +4.97% | +11.57%Best |
| 1Y Return | +16.81% | +17.57%Best |
| 3Y Return (annualized) | +30.65%Best | +20.71% |
| 5Y Return (annualized) | - | +12.80% |
| Volatility (annualized) | 17.0% | 12.5%Best |
| Max Drawdown | -16.1%Best | -18.8% |
| $10,000 over 3.7 years | $22,344Best | $20,788 |
| Top 10 Weight | 49.6% | 37.9%Best |
| Fund Family | Gabelli Funds | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jan 3, 2023 | May 15, 2000 |
Volatility and max drawdown, and the $10,000 over 3.7 years row, are measured over the window both funds cover: Jan 4, 2023 to Sep 10, 2026 (3.7 years).
GCAD vs IVV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.7 years both funds cover.
GCAD vs IVV Performance
Gabelli Commercial Aerospace and Defense Fund (GCAD) is an ETF from Gabelli Funds and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year GCAD returned +16.81% while IVV returned +17.57%. Year to date, GCAD is up 4.97% versus a gain of 11.57% for IVV.
Over three years, GCAD compounded at +30.65% per year against +20.71% for IVV. Across the full 4-year window we track, GCAD has the edge at +24.27% annualized vs +21.87%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GCAD has been the more volatile fund, with annualized monthly volatility of 17.0% compared with 12.5% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -16.1% for GCAD and -18.8% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.61. They move together some of the time, and apart the rest.
Fees and Cost Over Time
GCAD charges 0.10% per year while IVV charges 0.03%. On a $10,000 position that is $10 vs $3 annually, a gap of $7 per year that compounds over a long holding period. On income, GCAD currently yields 1.87% against 1.06% for IVV.
Holdings Overlap
43.2% of GCAD's money is in holdings IVV also owns. 2.9% of IVV's money is in holdings GCAD also owns.
The two portfolios partly overlap.
15 positions in common, counted across the 51 positions we hold weights for in GCAD and 505 in IVV, against full books of 55 and 508.
What only one of them owns
Our book lists 480 positions for IVV that do not appear in our book for GCAD (96.5% of the fund), and 28 for GCAD that do not appear in IVV (49.9%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in GCAD | Weight in IVV | Difference |
|---|---|---|---|
| BABoeing Co | 5.30% | 0.28% | 5.02% |
| RTXRaytheon Technologies Corp | 4.86% | 0.45% | 4.41% |
| LMTLockheed Martin Corp | 4.69% | 0.18% | 4.51% |
| LHXL3Harris Technologies Inc. | 4.44% | 0.08% | 4.36% |
| HONAHoneywell Aerospace Inc | 4.24% | 0.10% | 4.14% |
| NOCNorthrop Grumman Corp. | 3.98% | 0.11% | 3.87% |
| TXTTextron Inc. | 3.64% | 0.02% | 3.62% |
| HWMHowmet Aerospace Inc. | 2.81% | 0.18% | 2.63% |
| GDGeneral Dynamics Corp. | 2.63% | 0.15% | 2.48% |
| GEGeneral Electric Co. | 1.55% | 0.60% | 0.95% |
43.2% of GCAD is already inside IVV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, GCAD or IVV?
GCAD has an expense ratio of 0.10% while IVV charges 0.03%. IVV is the cheaper option, by $7 a year on a $10,000 investment.
Which performed better, GCAD or IVV?
Over the past year GCAD returned +16.81% vs +17.57% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (4 years), GCAD annualized +24.27% vs +21.87% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GCAD or IVV?
GCAD has been the more volatile fund at 17.0% annualized versus 12.5% for IVV. Worst drawdown: GCAD -16.1% vs IVV -18.8%.
Should I hold both GCAD and IVV?
GCAD and IVV have a monthly-return correlation of 0.61, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between GCAD and IVV?
43.2% of GCAD's money is in holdings IVV also owns. 2.9% of IVV's is in holdings GCAD also owns. They hold 15 positions in common, counted across the 51 positions we hold weights for in GCAD and 505 in IVV.
Which pays a higher dividend, GCAD or IVV?
GCAD yields 1.87% while IVV yields 1.06%, so GCAD currently pays the higher dividend yield.
Is IVV better than GCAD?
IVV has a lower expense ratio. GCAD led over 3Y and the full window, IVV over 1Y. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 49.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.