BSCFX vs. CALF
BSCFX (Baron Small Cap Fund) and CALF (Pacer US Small Cap Cash Cows ETF) are both funds - BSCFX is a Small Cap Growth Equities fund managed by Baron Capital, while CALF is a Small Cap Value Equities fund tracking the Pacer US Small Cap Cash Cows Index. Over the past 5 years, BSCFX returned 0.49%/yr vs 6.84%/yr for CALF. Their 0.75 correlation means they have sometimes moved together and sometimes differently. BSCFX charges 1.29%/yr vs 0.59%/yr for CALF.
Performance
BSCFX vs. CALF - Performance Comparison
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Returns By Period
In the year-to-date period, BSCFX achieves a 0.94% return, which is significantly lower than CALF's 24.42% return.
BSCFX
- 1D
- 0.40%
- 1M
- -3.68%
- 6M
- 0.68%
- YTD
- 0.94%
- 1Y
- -0.88%
- 3Y*
- 6.09%
- 5Y*
- 0.49%
- 10Y*
- 10.22%
- ALL TIME*
- 9.00%
CALF
- 1D
- 1.57%
- 1M
- 6.54%
- 6M
- 20.48%
- YTD
- 24.42%
- 1Y
- 41.78%
- 3Y*
- 9.49%
- 5Y*
- 6.84%
- 10Y*
- —
- ALL TIME*
- 10.54%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
BSCFX Baron Small Cap Fund | $0.00 | $0.00 | $0.00 |
| $24.87M | $26.51M | $26.11M |
BSCFX vs. CALF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BSCFX Baron Small Cap Fund | 0.94% | -0.92% | 13.11% | 26.90% | -31.19% | 15.42% | 40.38% | 34.60% | -7.39% | 11.00% |
CALF Pacer US Small Cap Cash Cows ETF | 24.42% | 2.33% | -7.41% | 35.43% | -15.20% | 40.68% | 16.55% | 18.18% | -10.06% | 5.78% |
Correlation
The correlation between BSCFX and CALF is 0.73, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.73 |
Correlation (3Y) Balances recent behavior with more history. | 0.77 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jun 19, 2017 | 0.75 |
The correlation between BSCFX and CALF has been stable across timeframes, ranging from 0.73 to 0.80 - a consistent structural relationship.
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Return for Risk
BSCFX vs. CALF — Risk / Return Rank
BSCFX
CALF
BSCFX vs. CALF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baron Small Cap Fund (BSCFX) and Pacer US Small Cap Cash Cows 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.
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.
| BSCFX | CALF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.75 | ||
| Sortino ratioReturn per unit of downside risk | -3.80 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.46 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.15 | 6.98 | -7.13 |
| Martin ratioReturn relative to average drawdown | -0.37 | 20.13 | -20.50 |
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Drawdowns
BSCFX vs. CALF - Drawdown Comparison
The maximum BSCFX drawdown since its inception was -55.59%, which is greater than CALF's maximum drawdown of -47.58%. Use the drawdown chart below to compare losses from any high point for BSCFX and CALF.
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Drawdown Indicators
| BSCFX | CALF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.59% | -47.58% | -8.01% |
Max Drawdown (1Y)Largest decline over 1 year | -15.00% | -6.02% | -8.98% |
Max Drawdown (3Y)Largest decline over 3 years | -26.91% | -34.22% | +7.31% |
Max Drawdown (5Y)Largest decline over 5 years | -37.94% | -34.22% | -3.72% |
Max Drawdown (10Y)Largest decline over 10 years | -39.58% | — | — |
Current DrawdownCurrent decline from peak | -8.41% | -0.34% | -8.07% |
Average DrawdownAverage peak-to-trough decline | -11.07% | -10.57% | -0.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.96% | 2.08% | +3.88% |
Volatility
BSCFX vs. CALF - Volatility Comparison
The current volatility for Baron Small Cap Fund (BSCFX) is 4.64%, while Pacer US Small Cap Cash Cows ETF (CALF) has a volatility of 5.16%. This indicates that BSCFX experiences smaller price fluctuations and is considered to be less risky than CALF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSCFX | CALF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.64% | 5.16% | -0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 13.83% | 11.72% | +2.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.24% | 15.99% | +2.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.44% | 23.24% | -0.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.38% | 25.89% | -3.51% |
BSCFX vs. CALF - Expense Ratio Comparison
BSCFX has a 1.29% expense ratio, which is higher than CALF's 0.59% expense ratio.
Dividends
BSCFX vs. CALF - Dividend Comparison
BSCFX's dividend yield for the trailing twelve months is around 9.84%, more than CALF's 1.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSCFX Baron Small Cap Fund | 9.84% | 9.50% | 13.96% | 3.04% | 5.90% | 12.47% | 11.17% | 9.60% | 10.91% | 13.57% | 22.41% | 12.56% |
CALF Pacer US Small Cap Cash Cows ETF | 1.10% | 1.43% | 1.07% | 1.18% | 0.85% | 2.63% | 0.82% | 0.99% | 1.39% | 0.70% | 0.00% | 0.00% |
Frequently Asked Questions
BSCFX and CALF have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CALF has higher volatility (5.16%) compared to BSCFX (4.64%). In terms of maximum drawdown, BSCFX dropped -55.59% vs CALF's -47.58%.
CALF currently has the higher Sharpe Ratio (2.63 vs -0.12), 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.
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