THEQ vs GCAD
Comparison between T. ROWE PRICE HEDGED EQUITY ETF (THEQ, ETF) and GABELLI COMMERCIAL AEROSPACE AND DEFENSE ETF (GCAD, ETF).
THEQ vs GCAD - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
THEQ
$35M
GCAD
$34M
Expense Ratio
THEQ
0.46%
Winner
GCAD
0.10%
Max Drawdown
Winner
THEQ
8.08%
GCAD
16.14%
Sharpe Ratio
THEQ
1.29
Winner
GCAD
1.57
5Y Beta
Winner
THEQ
0.62
GCAD
0.91
P/E Ratio
THEQ
N/A
GCAD
56.15
Forward P/E
THEQ
N/A
GCAD
21.14
PEG Ratio
THEQ
N/A
GCAD
0.65
5Y EPS CAGR
THEQ
N/A
GCAD
13.06%
Debt to Equity
THEQ
N/A
GCAD
113.48%
P/S Ratio
THEQ
N/A
GCAD
2.51
P/B Ratio
THEQ
N/A
GCAD
4.90
THEQ vs GCAD - Holdings Comparison
THEQ and GCAD have 3 common holdings. Overlap is -11.87%
THEQ's top 25 holdings weight is 92.94%. GCAD's top 25 holdings weight is 81.59%.
| Rank | THEQ | GCAD |
|---|---|---|
| #1 | T. ROWE PRICE US EQUITY RESEARCH ETF (TSPA) - 81.22% | ALBANY INTERNATIONAL CORP (AIN) - 5.95% |
| #2 | T ROWE PRICE RES INV FD MUTUAL FUND (n/a) - 5.71% | BOEING CO (BA) - 5.94% |
| #3 | US DOLLAR (n/a) - 1.48% | LOCKHEED MARTIN CORP (LMT) - 5.85% |
| #4 | CISCO SYSTEMS INC (CSCO) - 0.28% | NORTHROP GRUMMAN CORP (NOC) - 5.80% |
| #5 | MOTOROLA SOLUTIONS INC (MSI) - 0.25% | MOOG INC CLASS A (MOG-A) - 5.32% |
| #6 | NVIDIA CORP (NVDA) - 0.24% | HEXCEL CORP (HXL) - 4.59% |
| #7 | MICROSOFT CORP (MSFT) - 0.24% | TEXTRON INC (TXT) - 4.59% |
| #8 | EXXON MOBIL CORP (XOM) - 0.24% | HONEYWELL INTERNATIONAL INC (HON) - 4.22% |
| #9 | CHUBB LTD (CB) - 0.23% | DUCOMMUN INC (DCO) - 3.87% |
| #10 | T-MOBILE US INC (TMUS) - 0.22% | L3HARRIS TECHNOLOGIES INC (LHX) - 3.61% |
| #11 | MERCK & CO INC (MRK) - 0.21% | MERCURY SYSTEMS INC (MRCY) - 2.91% |
| #12 | CENCORA INC (COR) - 0.21% | GENERAL DYNAMICS CORP (GD) - 2.87% |
| #13 | DUKE ENERGY CORP (DUK) - 0.21% | HOWMET AEROSPACE INC (HWM) - 2.77% |
| #14 | GILEAD SCIENCES INC (GILD) - 0.20% | CURTISS-WRIGHT CORP (CW) - 2.73% |
| #15 | COLGATE-PALMOLIVE CO (CL) - 0.20% | ASTRONICS CORP (ATRO) - 2.34% |
| #16 | MCKESSON CORP (MCK) - 0.20% | CRANE CO (CR) - 2.29% |
| #17 | MCDONALD'S CORP (MCD) - 0.19% | TRANSDIGM GROUP INC (TDG) - 2.21% |
| #18 | MASTERCARD INC CLASS A (MA) - 0.19% | WOODWARD INC (WWD) - 2.19% |
| #19 | TELEDYNE TECHNOLOGIES INC (TDY) - 0.19% | ATI INC (ATI) - 2.09% |
| #20 | PROCTER & GAMBLE CO (PG) - 0.18% | RTX CORP (RTX) - 1.94% |
| #21 | JOHNSON & JOHNSON (JNJ) - 0.18% | INNOVATIVE SOLUTIONS AND SUPPORT INC (ISSC) - 1.65% |
| #22 | SERVICENOW INC (NOW) - 0.17% | AAR CORP (AIR) - 1.59% |
| #23 | VERIZON COMMUNICATIONS INC (VZ) - 0.17% | ECHOSTAR CORP CLASS A (SATS) - 1.48% |
| #24 | VISA INC CLASS A (V) - 0.17% | GE AEROSPACE (GE) - 1.45% |
| #25 | PHILIP MORRIS INTERNATIONAL INC (PM) - 0.16% | CAE INC (CAE) - 1.34% |
| Total Holdings | 114 | 46 |
THEQ vs GCAD - Historical Returns
Returns include dividend reinvestment.
1M
THEQ
+0.02%
Winner
GCAD
+6.84%
3M
THEQ
+6.98%
Winner
GCAD
+7.24%
6M
THEQ
+6.04%
Winner
GCAD
+21.95%
1Y
THEQ
+15.49%
Winner
GCAD
+39.54%
Max(CAGR)
THEQ
+15.71%
Winner
GCAD
+30.40%
THEQ vs GCAD - Annual Returns (2023 - 2026)
Returns include dividend reinvestment.
| Year | THEQ | GCAD |
|---|---|---|
| 2026 | +5.73% | +17.50% |
| 2025 | +12.86% | +39.57% |
| 2024 | N/A | +27.73% |
| 2023 | N/A | +17.55% |
THEQ vs GCAD Drawdown Comparison
The maximum drawdown for THEQ was -8.08%, occurring on Apr 8, 2025. Recovery took 31 trading sessions.
The maximum drawdown for GCAD was -16.14%, occurring on Apr 7, 2025. Recovery took 64 trading sessions.
The current THEQ drawdown is -1.84%. The current GCAD drawdown is -0.93%.
| Rank | THEQ | GCAD |
|---|---|---|
| #1 | -8.08% Mar 27, 2025 - May 12, 2025 | -16.14% Feb 5, 2025 - May 8, 2025 |
| #2 | -6.17% Feb 25, 2026 - Apr 15, 2026 | -14.96% Mar 2, 2026 - Jun 11, 2026 |
| #3 | -3.60% Oct 28, 2025 - Dec 26, 2025 | -10.49% Aug 1, 2023 - Nov 14, 2023 |
| #4 | -3.17% Jun 2, 2026 - Jun 10, 2026 | -9.72% Jan 13, 2023 - Jul 10, 2023 |
| #5 | -2.24% Oct 8, 2025 - Oct 24, 2025 | -7.31% Jul 31, 2024 - Aug 29, 2024 |
| #6 | -2.11% Jan 12, 2026 - Jan 27, 2026 | -6.39% Nov 11, 2024 - Jan 21, 2025 |
| #7 | -1.74% May 19, 2025 - Jun 3, 2025 | -5.66% Aug 30, 2024 - Oct 2, 2024 |
| #8 | -1.70% Feb 2, 2026 - Feb 9, 2026 | -5.31% Oct 24, 2025 - Dec 11, 2025 |
| #9 | -1.67% May 14, 2026 - May 26, 2026 | -4.97% Oct 21, 2024 - Nov 6, 2024 |
| #10 | -1.64% Jul 25, 2025 - Aug 8, 2025 | -4.31% Oct 8, 2025 - Oct 24, 2025 |
| #11 | -1.15% Sep 22, 2025 - Oct 1, 2025 | -4.25% May 21, 2024 - Jul 11, 2024 |
| #12 | -1.14% Aug 28, 2025 - Sep 4, 2025 | -4.00% Dec 26, 2023 - Jan 19, 2024 |
| #13 | -1.09% Feb 9, 2026 - Feb 25, 2026 | -3.68% Mar 28, 2024 - May 2, 2024 |
| #14 | -1.08% Jun 12, 2025 - Jun 24, 2025 | -3.66% Jan 16, 2026 - Feb 9, 2026 |
| #15 | -1.06% Aug 14, 2025 - Aug 22, 2025 | -3.53% Jul 16, 2024 - Jul 31, 2024 |
Correlation
Correlation between THEQ and GCAD is 0.93 which considered as a very strong positive correlation - the stocks move almost identically together.
0.93
-101
Dividend Comparison (2023 - 2025)
THEQ vs GCAD dividend yield comparison.
| Year | THEQ | GCAD |
|---|---|---|
| 2025 | 0.79% | 2.06% |
| 2024 | 0.00% | 4.94% |
| 2023 | 0.00% | 3.62% |
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