BBSC vs. CALF

Last updated Jun 4, 2026

BBSC (JPMorgan BetaBuilders U.S. Small Cap Equity ETF) and CALF (Pacer US Small Cap Cash Cows 100 ETF) are both Small Cap Blend Equities funds - BBSC tracks the Morningstar US Small Cap Target Market Exposure Extended Index while CALF tracks the Pacer US Small Cap Cash Cows Index. Both are passively managed. Over the past 5 years, BBSC returned 6.64%/yr vs 4.12%/yr for CALF. Their correlation of 0.88 suggests significant overlap in exposure. BBSC charges 0.09%/yr vs 0.59%/yr for CALF.

Performance

BBSC vs. CALF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan BetaBuilders U.S. Small Cap Equity ETF (BBSC) and Pacer US Small Cap Cash Cows 100 ETF (CALF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BBSC achieves a 15.75% return, which is significantly higher than CALF's 13.34% return.

BBSC

• 1D: -1.11%
• 1M: 2.71%
• YTD: 15.75%
• 6M: 14.20%
• 1Y: 35.98%
• 3Y*: 17.34%
• 5Y*: 6.64%
• 10Y*: —

CALF

• 1D: -1.12%
• 1M: 4.91%
• YTD: 13.34%
• 6M: 12.53%
• 1Y: 30.24%
• 3Y*: 10.69%
• 5Y*: 4.12%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BBSC vs. CALF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF	15.75%	10.38%	12.31%	20.07%	-19.75%	15.44%	11.94%
CALF Pacer US Small Cap Cash Cows 100 ETF	13.34%	2.33%	-7.41%	35.43%	-15.20%	40.68%	7.31%

Correlation

The correlation between BBSC and CALF is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (All Time) Calculated using the full available price history since Nov 18, 2020	0.88

The correlation between BBSC and CALF shifts across timeframes, from 0.77 (1 year) to 0.89 (5 years), reflecting how their relationship changes across market environments.

BBSC vs. CALF - Sectors Allocation Comparison

Sectors	BBSC	CALF
Technology	18.5%	29.7%
Financial Services	16.9%	0.2%
Healthcare	15.7%	9.4%
Industrials	14.9%	5.9%
Consumer Cyclical	9.0%	28.3%
Real Estate	7.7%	1.6%
Energy	6.4%	10.3%
Basic Materials	4.1%	1.6%
Consumer Defensive	3.2%	4.3%
Communication Services	2.4%	8.8%
Utilities	1.2%	-

Return for Risk

BBSC vs. CALF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BBSC

BBSC Risk / Return Rank: 61
BBSC Sharpe Ratio Rank: 55
BBSC Sortino Ratio Rank: 56
BBSC Omega Ratio Rank: 50
BBSC Calmar Ratio Rank: 75
BBSC Martin Ratio Rank: 67

CALF

CALF Risk / Return Rank: 66
CALF Sharpe Ratio Rank: 56
CALF Sortino Ratio Rank: 58
CALF Omega Ratio Rank: 54
CALF Calmar Ratio Rank: 86
CALF Martin Ratio Rank: 73

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BBSC vs. CALF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders U.S. Small Cap Equity ETF (BBSC) and Pacer US Small Cap Cash Cows 100 ETF (CALF). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	BBSC	CALF	Difference
Sharpe ratio: Return per unit of total volatility	1.90	1.93	-0.03
Sortino ratio: Return per unit of downside risk	2.70	2.82	-0.12
Omega ratio: Gain probability vs. loss probability	1.32	1.34	-0.02
Calmar ratio: Return relative to maximum drawdown	3.79	4.94	-1.15
Martin ratio: Return relative to average drawdown	12.35	14.08	-1.73
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BBSC vs. CALF - Sharpe Ratio Comparison

The current BBSC Sharpe Ratio is 1.90, which is comparable to the CALF Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of BBSC and CALF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BBSC	CALF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.90	1.93	-0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.29	0.18	+0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.37	+0.12

Drawdowns

BBSC vs. CALF - Drawdown Comparison

The maximum BBSC drawdown since its inception was -30.96%, smaller than the maximum CALF drawdown of -47.58%. Use the drawdown chart below to compare losses from any high point for BBSC and CALF.

Drawdown Indicators

	BBSC	CALF	Difference
Max Drawdown Largest peak-to-trough decline	-30.96%	-47.58%	+16.62%
Max Drawdown (1Y) Largest decline over 1 year	-9.54%	-6.15%	-3.39%
Max Drawdown (3Y) Largest decline over 3 years	-29.32%	-34.22%	+4.90%
Max Drawdown (5Y) Largest decline over 5 years	-30.96%	-34.22%	+3.26%
Current Drawdown Current decline from peak	-1.48%	-1.95%	+0.47%
Average Drawdown Average peak-to-trough decline	-11.49%	-10.74%	-0.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.92%	2.15%	+0.77%

Volatility

BBSC vs. CALF - Volatility Comparison

JPMorgan BetaBuilders U.S. Small Cap Equity ETF (BBSC) and Pacer US Small Cap Cash Cows 100 ETF (CALF) have volatilities of 4.91% and 4.92%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBSC	CALF	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.91%	4.92%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	12.98%	10.47%	+2.51%
Volatility (1Y) Calculated over the trailing 1-year period	19.12%	15.84%	+3.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.93%	23.44%	-0.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.86%	26.02%	-3.16%

BBSC vs. CALF - Expense Ratio Comparison

BBSC has a 0.09% expense ratio, which is lower than CALF's 0.59% expense ratio.

Dividends

BBSC vs. CALF - Dividend Comparison

BBSC's dividend yield for the trailing twelve months is around 1.03%, less than CALF's 1.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF	1.03%	1.13%	1.29%	1.58%	1.37%	1.06%	0.18%	0.00%	0.00%	0.00%
CALF Pacer US Small Cap Cash Cows 100 ETF	1.28%	1.43%	1.07%	1.18%	0.85%	2.63%	0.82%	0.99%	1.39%	0.70%

Frequently Asked Questions

Can I hold both BBSC and CALF in my portfolio?

BBSC and CALF have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BBSC or CALF?

CALF has higher volatility (4.92%) compared to BBSC (4.91%). In terms of maximum drawdown, BBSC dropped -30.96% vs CALF's -47.58%.

Which ETF is better, BBSC or CALF?

On 5-year performance, BBSC leads with 6.64% vs 4.12% for CALF. On fees, BBSC is cheaper at 0.09% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBSC or CALF?

Over the 5-year period, BBSC has performed better with a 6.64% return vs 4.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBSC or CALF?

BBSC is cheaper with a 0.09% expense ratio, compared with 0.59% for CALF.

Which ETF pays a higher dividend yield, BBSC or CALF?

CALF has the higher dividend yield at 1.28%, compared with 1.03% for BBSC.

What is the main difference between BBSC and CALF?

BBSC tracks Morningstar US Small Cap Target Market Exposure Extended Index, while CALF tracks Pacer US Small Cap Cash Cows Index. They also come from different issuers: JPMorgan and Pacer. Their fees differ too: 0.09% for BBSC and 0.59% for CALF.

Which has better risk-adjusted returns?

CALF currently has the higher Sharpe Ratio (1.93 vs 1.90), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.