CALF vs. DSMC

Last updated Apr 1, 2026

Compare and contrast key facts about Pacer US Small Cap Cash Cows 100 ETF (CALF) and Distillate Small/Mid Cash Flow ETF (DSMC).

CALF and DSMC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CALF is a passively managed fund by Pacer that tracks the performance of the Pacer US Small Cap Cash Cows Index. It was launched on Jun 16, 2017. DSMC is an actively managed fund by Distillate. It was launched on Oct 5, 2022.

Performance

CALF vs. DSMC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer US Small Cap Cash Cows 100 ETF (CALF) and Distillate Small/Mid Cash Flow ETF (DSMC). The values are adjusted to include any dividend payments, if applicable.

CALF vs. DSMC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CALF Pacer US Small Cap Cash Cows 100 ETF	1.28%	2.33%	-7.41%	35.43%	3.06%
DSMC Distillate Small/Mid Cash Flow ETF	5.80%	2.73%	2.81%	29.50%	8.68%

Returns By Period

In the year-to-date period, CALF achieves a 1.28% return, which is significantly lower than DSMC's 5.80% return.

CALF

• 1D: 1.93%
• 1M: -2.56%
• YTD: 1.28%
• 6M: 3.41%
• 1Y: 21.42%
• 3Y*: 6.95%
• 5Y*: 3.17%
• 10Y*: —

DSMC

• 1D: 1.08%
• 1M: -0.69%
• YTD: 5.80%
• 6M: 5.03%
• 1Y: 20.16%
• 3Y*: 10.77%
• 5Y*: —
• 10Y*: —

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

CALF vs. DSMC - Expense Ratio Comparison

CALF has a 0.59% expense ratio, which is higher than DSMC's 0.55% expense ratio.

CALF

Pacer US Small Cap Cash Cows 100 ETF

DSMC

Distillate Small/Mid Cash Flow ETF

Return for Risk

CALF vs. DSMC — Risk / Return Rank

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

CALF

CALF Risk / Return Rank: 59
CALF Sharpe Ratio Rank: 56
CALF Sortino Ratio Rank: 59
CALF Omega Ratio Rank: 60
CALF Calmar Ratio Rank: 56
CALF Martin Ratio Rank: 64

DSMC

DSMC Risk / Return Rank: 49
DSMC Sharpe Ratio Rank: 48
DSMC Sortino Ratio Rank: 53
DSMC Omega Ratio Rank: 47
DSMC Calmar Ratio Rank: 50
DSMC Martin Ratio Rank: 49

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.

CALF vs. DSMC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer US Small Cap Cash Cows 100 ETF (CALF) and Distillate Small/Mid Cash Flow ETF (DSMC). 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.

	CALF	DSMC	Difference
Sharpe ratio Return per unit of total volatility	0.95	0.87	+0.08
Sortino ratio Return per unit of downside risk	1.46	1.40	+0.06
Omega ratio Gain probability vs. loss probability	1.21	1.18	+0.03
Calmar ratio Return relative to maximum drawdown	1.32	1.29	+0.03
Martin ratio Return relative to average drawdown	6.03	4.73	+1.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CALF vs. DSMC - Sharpe Ratio Comparison

The current CALF Sharpe Ratio is 0.95, which is comparable to the DSMC Sharpe Ratio of 0.87. The chart below compares the historical Sharpe Ratios of CALF and DSMC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CALF	DSMC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.95	0.87	+0.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.13	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	0.68	-0.35

Correlation

The correlation between CALF and DSMC is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

CALF vs. DSMC - Dividend Comparison

CALF's dividend yield for the trailing twelve months is around 1.43%, more than DSMC's 1.20% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CALF Pacer US Small Cap Cash Cows 100 ETF	1.43%	1.43%	1.07%	1.18%	0.85%	2.63%	0.82%	0.99%	1.39%	0.70%
DSMC Distillate Small/Mid Cash Flow ETF	1.20%	1.18%	1.31%	1.02%	0.27%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

CALF vs. DSMC - Drawdown Comparison

The maximum CALF drawdown since its inception was -47.58%, which is greater than DSMC's maximum drawdown of -28.62%. Use the drawdown chart below to compare losses from any high point for CALF and DSMC.

Drawdown Indicators

	CALF	DSMC	Difference
Max Drawdown Largest peak-to-trough decline	-47.58%	-28.62%	-18.96%
Max Drawdown (1Y) Largest decline over 1 year	-16.47%	-15.50%	-0.97%
Max Drawdown (5Y) Largest decline over 5 years	-34.22%	—	—
Current Drawdown Current decline from peak	-6.40%	-3.70%	-2.70%
Average Drawdown Average peak-to-trough decline	-10.92%	-6.23%	-4.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.60%	4.21%	-0.61%

Volatility

CALF vs. DSMC - Volatility Comparison

Pacer US Small Cap Cash Cows 100 ETF (CALF) and Distillate Small/Mid Cash Flow ETF (DSMC) have volatilities of 4.25% and 4.09%, 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

	CALF	DSMC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.25%	4.09%	+0.16%
Volatility (6M) Calculated over the trailing 6-month period	11.14%	12.06%	-0.92%
Volatility (1Y) Calculated over the trailing 1-year period	22.66%	23.31%	-0.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.68%	20.70%	+2.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.18%	20.70%	+5.48%