Gabelli Equity Income ETF (GCAD) Performance
GCAD total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +2.2% since Dec 31, 2025
- 1 year
- +4.9% total return
- 3 years
- +27.1% a year
- Since first price
- +19.8% a year since 2023
GCAD trailing returns vs SPY, QQQ, AGG
| Period | GCAD total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −4.4% | −4.4% | −1.0% | −5.0% | +0.9% |
| 3 months | −14.6% | −14.6% | +3.2% | +1.9% | −0.4% |
| 6 months | −7.1% | −7.1% | +7.8% | +8.4% | −1.5% |
| YTD | +2.2% | +2.2% | +12.3% | +15.1% | −1.0% |
| 1 year | +4.9% | +2.8% | +14.4% | +15.9% | −1.1% |
| 3 years | +105.4%+27.1%/yr | +96.0% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionJan 4, 2023 | +98.6%+19.8%/yr | +89.4% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: GCAD vs SPY
From Jan 4, 2023: GCAD grew to $19,860, SPY to $20,762.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
GCAD returns by calendar year
2 of 2 full years positive. Best 2025 (+39.3%), worst 2024 (+22.3%). 2026 is year to date.
GCAD annual returns table
| Year | GCAD | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +2.2% | −17.8% | +12.3% | +15.1% | −1.0% |
| 2025 | +39.3% | −16.1% | +17.7% | +20.8% | +7.2% |
| 2024 | +22.3% | −7.3% | +24.9% | +25.6% | +1.3% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
GCAD largest drawdowns
Now 17.8% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Aug 14, 2026 | −17.8% | Oct 23, 2026 | not yet | 2 months | 2 months so far |
| Feb 5, 2025 | −16.1% | Apr 7, 2025 | May 8, 2025 | 2 months | 3 months |
| Mar 2, 2026 | −15.0% | Mar 30, 2026 | Jun 11, 2026 | 28 days | 3 months |
| Jan 13, 2023 | −10.7% | Oct 5, 2023 | Nov 22, 2023 | 9 months | 10 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
GCAD risk statistics
| Statistic | 3 years | Since 2023 |
|---|---|---|
| Annualized return | +28.4% | +20.7% |
| Volatility (annualized) | 17.3% | 17.3% |
| Sharpe ratio | 1.30 | 0.92 |
| Sortino ratio | 2.54 | 1.72 |
| Best month | +12.1% | +12.1% |
| Worst month | −9.2% | −9.2% |
| Best 12 months | +60.7% | +60.7% |
| Worst 12 months | +9.1% | +9.1% |
| Positive months | 67% | 61% |
| Beta vs S&P 500 | 0.83 | — |
| Correlation with S&P 500 | 0.60 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
GCAD rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 34 | +5.2% | +29.7% | +60.7% | 100% |
| 3-year (a year) | 10 | +26.3% | +29.1% | +34.3% | 100% |
Every holding period starting at a month-end since 2023. Returns for 3 years and longer are annualized.
GCAD performance overview
Gabelli Equity Income ETF (GCAD) returned +4.9% over the past year, with distributions reinvested. Since its first recorded price in 2023 it has returned +19.8% a year, turning $10,000 into about $19,860. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −17.8%, from Aug 14, 2026 to Oct 23, 2026; the fund has not yet regained that high. Volatility has been 17.3% a year.
Related: GCAD chart, GCAD holdings, GCAD dividends, GCAD valuation. See the GCAD overview for the latest quote and fund facts.
GCAD performance FAQ
What is the GCAD return over the past year?
GCAD returned +4.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 2.8%.
How much would $10,000 invested in GCAD be worth?
$10,000 invested in GCAD at its first recorded close on January 4, 2023 would be worth about $19,860 on October 23, 2026 with distributions reinvested.
What was the worst year for GCAD?
The worst calendar year was 2024, with a total return of +22.3%. The best was 2025 at +39.3%.
What is the biggest drawdown of GCAD?
The largest peak-to-trough decline was −17.8% between August 14, 2026 and October 23, 2026. It has not yet recovered to that high; it is 17.8% below its peak.
How volatile is GCAD?
Over the past 3 years GCAD had an annualized volatility of 17.3% and a Sharpe ratio of 1.30 (excess return over 1–3 month T-bills per unit of risk).