- ISIN
- US69374H8575
- CUSIP
- 69374H857
- Issuer
- Pacer
- Inception Date
- Jun 16, 2017
- Region
- North America (U.S.)
- Category
- Small Cap Value Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Pacer US Small Cap Cash Cows Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Value
- Assets Under Management
- $4B
Share Price Chart
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Performance
CALF Performance Chart
Pacer US Small Cap Cash Cows ETF (CALF) is up 16.9% since the beginning of the year. CALF is currently trading at $52 per share. Investors who bought $1,000 worth of CALF shares 5 years ago would now be looking at an investment worth $1,258.
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Returns By Period
Pacer US Small Cap Cash Cows ETF (CALF) has returned 16.92% so far this year and 27.16% over the past 12 months.
Pacer US Small Cap Cash Cows ETF
- 1D
- 0.28%
- 1M
- 2.47%
- 6M
- 12.85%
- YTD
- 16.92%
- 1Y
- 27.16%
- 3Y*
- 9.04%
- 5Y*
- 4.70%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.42%
- 1M
- 1.94%
- 6M
- 8.74%
- YTD
- 10.66%
- 1Y
- 21.02%
- 3Y*
- 19.50%
- 5Y*
- 11.63%
- 10Y*
- 13.41%
CALF Monthly Returns History
Based on dividend-adjusted daily data since Jun 19, 2017, CALF's average daily return is +0.05%, while the average monthly return is +1.00%. At this rate, an investment would double in approximately 5.8 years.
Historically, 60% of months were positive and 40% were negative. The best month was Apr 2020 with a return of +18.9%, while the worst month was Mar 2020 at -22.1%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 4 months.
On a daily basis, CALF closed higher 50% of trading days. The best single day was Apr 6, 2020 with a return of +10.6%, while the worst single day was Mar 12, 2020 at -10.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.28% | 1.63% | -2.56% | 6.95% | 4.27% | 1.23% | 2.25% | 16.92% | |||||
| 2025 | 0.23% | -10.50% | -4.85% | -4.93% | 7.85% | 3.76% | 0.97% | 7.74% | 1.46% | -0.89% | 2.54% | 0.47% | 2.33% |
| 2024 | -1.94% | 2.82% | 1.68% | -6.71% | 1.68% | -6.37% | 11.62% | -4.79% | 0.82% | -4.77% | 7.92% | -7.65% | -7.41% |
| 2023 | 10.51% | -0.93% | -2.97% | -2.73% | -1.16% | 11.58% | 7.86% | -2.67% | -2.05% | -4.94% | 9.03% | 11.50% | 35.43% |
| 2022 | -5.28% | 1.97% | -2.93% | -5.16% | 0.74% | -11.76% | 12.73% | -3.40% | -11.22% | 15.35% | 5.09% | -8.48% | -15.20% |
| 2021 | 9.71% | 10.25% | 8.63% | 1.93% | 4.19% | 2.56% | -3.41% | 1.88% | -3.20% | 1.18% | 0.00% | 2.00% | 40.68% |
Benchmark Metrics
Pacer US Small Cap Cash Cows ETF has an annualized alpha of -2.23%, beta of 1.05, and R2 of 0.58 versus S&P 500 Index. Calculated based on daily prices since June 19, 2017.
- This ETF participated in 111.58% of S&P 500 Index downside but only 97.73% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -2.23% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 1.05 and R2 of 0.58, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -2.23%
- Beta
- 1.05
- R²
- 0.58
- Upside Capture
- 97.73%
- Downside Capture
- 111.58%
Expense Ratio
CALF has an expense ratio of 0.59%, placing it in the medium range.
Return for Risk
Risk / Return Rank
CALF ranks 70 for risk / return — better than 70% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Pacer US Small Cap Cash Cows ETF (CALF) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CALF | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.30 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.20 | 2.28 | +1.92 |
| Martin ratioReturn relative to average drawdown | 11.50 | 9.88 | +1.62 |
Dividends
Dividend History
Pacer US Small Cap Cash Cows ETF provided a 1.17% dividend yield over the last twelve months, with an annual payout of $0.61 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.61 | $0.64 | $0.47 | $0.56 | $0.31 | $1.12 | $0.26 | $0.27 | $0.32 | $0.18 |
Dividend yield | 1.17% | 1.43% | 1.07% | 1.18% | 0.85% | 2.63% | 0.82% | 0.99% | 1.39% | 0.70% |
Monthly Dividends
The table displays the monthly dividend distributions for Pacer US Small Cap Cash Cows ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.04 | $0.00 | $0.12 | |||||
| 2025 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.33 | $0.64 |
| 2024 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.14 | $0.47 |
| 2023 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.16 | $0.56 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.11 | $0.31 |
| 2021 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.99 | $1.12 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Pacer US Small Cap Cash Cows ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Pacer US Small Cap Cash Cows ETF was 47.58%, occurring on Mar 23, 2020. Recovery took 171 trading sessions.
The current Pacer US Small Cap Cash Cows ETF drawdown is 0.29%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -47.58%Mar 2020 | 1y 7mo | 8mo 5d | 2y 3moAug 2018 - Nov 2020 |
2025 selloff2025 | -34.22%Apr 2025 | 1y 7d | 1y 12d | 2y 19dApr 2024 - Apr 2026 |
Bear market2022 | -30.18%Sep 2022 | 10mo 13d | 1y 2mo | 2y 24dNov 2021 - Dec 2023 |
2017 correction2017 | -12.36%Aug 2017 | 1mo 1d | 1mo 13d | 2mo 14dJul 2017 - Oct 2017 |
2021 pullback2021 | -9.74%Mar 2021 | 9d | 1mo 10d | 1mo 19dMar 2021 - May 2021 |
Drawdown Indicators
| CALF | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.58% | -56.78% | +9.20% |
Max Drawdown (1Y)Largest decline over 1 year | -6.15% | -9.10% | +2.95% |
Max Drawdown (3Y)Largest decline over 3 years | -34.22% | -18.90% | -15.32% |
Max Drawdown (5Y)Largest decline over 5 years | -34.22% | -25.43% | -8.79% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.29% | -0.45% | +0.16% |
Average DrawdownAverage peak-to-trough decline | -10.64% | -10.71% | +0.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.27% | 2.09% | +0.18% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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