GCAD vs. XHE ETF Comparison

Comparison of Gabelli Equity Income ETF (GCAD) to SPDR S&P Health Care Equipment (XHE)

GCAD

Gabelli Equity Income ETF

GCAD Description

The fund will seek to achieve its investment objective by investing, under normal market conditions, at least 80% of its net assets in securities in income producing equity securities including securities in the aerospace and defense sectors. Aerospace companies 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.

Grade (RS Rating)

Last Trade

$35.26

Average Daily Volume

871

Number of Holdings ^*

* may have additional holdings in another (foreign) market

XHE

SPDR S&P Health Care Equipment

XHE Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the health care equipment and supplies segment of a U.S. total market composite index. In seeking to track the performance of the S&P Health Care Equipment Select Industry Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the health care equipment industry group of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$90.78

Average Daily Volume

8,927

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	GCAD	XHE
30 Days	2.90%	3.83%
60 Days	4.74%	0.22%
90 Days	4.50%	2.21%
12 Months	33.11%	21.67%

0 Overlapping Holdings

	Symbol	Grade	Weight in GCAD	Weight in XHE	Overlap

GCAD Overweight 31 Positions Relative to XHE

Symbol	Grade	Weight
BA	F	8.08%
SPR	D	6.93%
HXL	F	6.04%
MOG.A	B	5.73%
DCO	C	5.35%
HON	C	4.74%
LMT	D	4.32%
CW	C	3.96%
WWD	C	3.94%
RTX	D	3.72%
HEI	A	3.72%
CR	A	3.68%
HWM	A	3.42%
TXT	D	3.38%
LHX	C	3.24%
NOC	D	3.23%
MRCY	C	3.0%
GE	D	2.94%
LDOS	C	2.92%
AIN	C	2.5%
B	A	2.3%
TGI	B	2.08%
GD	D	1.88%
CDRE	F	1.57%
RDW	A	1.39%
KTOS	B	1.04%
PKE	B	0.96%
AIR	B	0.86%
ATRO	D	0.82%
LLAP	F	0.26%
MYNA	C	0.18%

GCAD Underweight 62 Positions Relative to XHE

Symbol	Grade	Weight
ATEC	C	-2.53%
MASI	B	-2.47%
IART	C	-2.46%
ATRC	C	-2.24%
PEN	B	-2.19%
HAE	C	-2.12%
GMED	A	-2.07%
PODD	C	-2.03%
PRCT	B	-2.03%
GKOS	B	-1.96%
IRTC	C	-1.96%
OMCL	C	-1.95%
NARI	C	-1.9%
ISRG	A	-1.89%
LIVN	F	-1.89%
MMSI	A	-1.88%
ENOV	C	-1.87%
UFPT	C	-1.87%
ITGR	B	-1.86%
BSX	A	-1.84%
DXCM	C	-1.84%
NVST	B	-1.83%
SYK	B	-1.8%
ZBH	C	-1.79%
AXNX	A	-1.77%
SOLV	D	-1.74%
ABT	B	-1.72%
LMAT	A	-1.71%
CNMD	C	-1.71%
BDX	F	-1.71%
RMD	C	-1.71%
ICUI	D	-1.71%
MDT	D	-1.69%
GEHC	D	-1.69%
HOLX	D	-1.69%
EW	C	-1.66%
NEOG	F	-1.65%
NVCR	C	-1.65%
INSP	D	-1.61%
STE	D	-1.57%
ALGN	D	-1.56%
STAA	F	-1.55%
BAX	F	-1.47%
IDXX	F	-1.47%
RXST	F	-1.43%
LNTH	D	-1.4%
TFX	F	-1.37%
TNDM	D	-1.22%
SRDX	B	-1.21%
XRAY	F	-1.17%
TMDX	F	-1.05%
VREX	B	-1.01%
AORT	B	-0.89%
OFIX	C	-0.67%
SIBN	F	-0.66%
EMBC	C	-0.61%
ZIMV	D	-0.57%
AVNS	F	-0.48%
KIDS	D	-0.46%
OSUR	F	-0.43%
TCMD	B	-0.4%
AXGN	C	-0.39%