CALF vs. FLRT
CALF (Pacer US Small Cap Cash Cows ETF) and FLRT (Pacer Aristotle Pacific Floating Rate High Income ETF) are both exchange-traded funds - CALF is a Small Cap Value Equities fund tracking the Pacer US Small Cap Cash Cows Index, while FLRT is a Bank Loan fund actively managed by Pacer. CALF is passively managed, while FLRT is actively managed. Over the past 5 years, CALF returned 6.29%/yr vs 6.08%/yr for FLRT. Their 0.19 correlation means their historical movements had little consistent relationship. CALF charges 0.59%/yr vs 0.60%/yr for FLRT.
Performance
CALF vs. FLRT - Performance Comparison
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Returns By Period
In the year-to-date period, CALF achieves a 22.50% return, which is significantly higher than FLRT's 2.39% return.
CALF
- 1D
- -0.40%
- 1M
- 4.89%
- 6M
- 19.77%
- YTD
- 22.50%
- 1Y
- 39.59%
- 3Y*
- 8.57%
- 5Y*
- 6.29%
- 10Y*
- —
- ALL TIME*
- 10.37%
FLRT
- 1D
- 0.06%
- 1M
- 0.38%
- 6M
- 2.08%
- YTD
- 2.39%
- 1Y
- 5.09%
- 3Y*
- 7.87%
- 5Y*
- 6.08%
- 10Y*
- 4.83%
- ALL TIME*
- 4.48%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $20.38M | $24.48M | $25.33M | |
| $4.88M | $4.59M | $4.78M |
CALF vs. FLRT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CALF Pacer US Small Cap Cash Cows ETF | 22.50% | 2.33% | -7.41% | 35.43% | -15.20% | 40.68% | 16.55% | 18.18% | -10.06% | 5.78% |
FLRT Pacer Aristotle Pacific Floating Rate High Income ETF | 2.39% | 6.24% | 9.18% | 14.59% | -2.72% | 3.18% | 2.78% | 9.44% | -1.14% | 1.32% |
Correlation
The correlation between CALF and FLRT is 0.31, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.31 |
Correlation (3Y) Balances recent behavior with more history. | 0.26 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.26 |
Correlation (All Time) Calculated using the full available price history since Jun 19, 2017 | 0.19 |
The correlation between CALF and FLRT shifts across timeframes, from 0.19 (all time) to 0.31 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CALF vs. FLRT — Risk / Return Rank
CALF
FLRT
CALF vs. FLRT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer US Small Cap Cash Cows ETF (CALF) and Pacer Aristotle Pacific Floating Rate High Income ETF (FLRT). 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.
| CALF | FLRT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.15 | ||
| Sortino ratioReturn per unit of downside risk | -1.85 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.76 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 6.13 | 2.89 | +3.24 |
| Martin ratioReturn relative to average drawdown | 17.68 | 10.59 | +7.10 |
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Drawdowns
CALF vs. FLRT - Drawdown Comparison
The maximum CALF drawdown since its inception was -47.58%, which is greater than FLRT's maximum drawdown of -20.96%. Use the drawdown chart below to compare losses from any high point for CALF and FLRT.
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Drawdown Indicators
| CALF | FLRT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.58% | -20.96% | -26.62% |
Max Drawdown (1Y)Largest decline over 1 year | -6.02% | -1.78% | -4.24% |
Max Drawdown (3Y)Largest decline over 3 years | -34.22% | -2.87% | -31.35% |
Max Drawdown (5Y)Largest decline over 5 years | -34.22% | -7.60% | -26.62% |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.96% | — |
Current DrawdownCurrent decline from peak | -1.88% | 0.00% | -1.88% |
Average DrawdownAverage peak-to-trough decline | -10.57% | -1.39% | -9.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.09% | 0.48% | +1.61% |
Volatility
CALF vs. FLRT - Volatility Comparison
Pacer US Small Cap Cash Cows ETF (CALF) has a higher volatility of 5.09% compared to Pacer Aristotle Pacific Floating Rate High Income ETF (FLRT) at 0.29%. This indicates that CALF's price experiences larger fluctuations and is considered to be riskier than FLRT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CALF | FLRT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.09% | 0.29% | +4.80% |
Volatility (6M)Calculated over the trailing 6-month period | 11.64% | 1.19% | +10.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.13% | 1.49% | +14.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.23% | 2.30% | +20.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.89% | 6.09% | +19.80% |
CALF vs. FLRT - Expense Ratio Comparison
CALF has a 0.59% expense ratio, which is lower than FLRT's 0.60% expense ratio.
Dividends
CALF vs. FLRT - Dividend Comparison
CALF's dividend yield for the trailing twelve months is around 1.12%, less than FLRT's 6.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CALF Pacer US Small Cap Cash Cows ETF | 1.12% | 1.43% | 1.07% | 1.18% | 0.85% | 2.63% | 0.82% | 0.99% | 1.39% | 0.70% | 0.00% | 0.00% |
FLRT Pacer Aristotle Pacific Floating Rate High Income ETF | 6.72% | 6.93% | 7.93% | 8.40% | 5.81% | 3.16% | 3.52% | 4.30% | 3.95% | 3.20% | 3.38% | 3.21% |
Frequently Asked Questions
CALF and FLRT have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CALF has higher volatility (5.09%) compared to FLRT (0.29%). In terms of maximum drawdown, CALF dropped -47.58% vs FLRT's -20.96%.
On 5-year performance, CALF leads with 6.29% vs 6.08% for FLRT. On fees, CALF is cheaper at 0.59% per year. On volatility, FLRT has been the lower-risk option at 0.29%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, CALF has performed better with a 6.29% return vs 6.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CALF is cheaper with a 0.59% expense ratio, compared with 0.60% for FLRT.
FLRT has the higher dividend yield at 6.72%, compared with 1.12% for CALF.
CALF is categorized as Small Cap Value Equities, while FLRT is Bank Loan. Their fees differ too: 0.59% for CALF and 0.60% for FLRT.
FLRT currently has the higher Sharpe Ratio (3.45 vs 2.30), 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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