CALF vs. ISCMF
CALF (Pacer US Small Cap Cash Cows 100 ETF) and ISCMF (iShares Diversified Commodity Swap UCITS ETF) are both exchange-traded funds - CALF is a Small Cap Blend Equities fund tracking the Pacer US Small Cap Cash Cows Index, while ISCMF is a Commodities fund tracking the Bloomberg Commodity Index. Both are passively managed. Over the past 3 years, CALF returned 8.93%/yr vs 16.78%/yr for ISCMF. At a correlation of -0.03, they often move in opposite directions. CALF charges 0.59%/yr vs 0.19%/yr for ISCMF.
Performance
CALF vs. ISCMF - Performance Comparison
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Returns By Period
In the year-to-date period, CALF achieves a 11.16% return, which is significantly lower than ISCMF's 22.87% return.
CALF
- 1D
- 0.87%
- 1M
- 2.91%
- YTD
- 11.16%
- 6M
- 9.56%
- 1Y
- 26.48%
- 3Y*
- 8.93%
- 5Y*
- 4.58%
- 10Y*
- —
ISCMF
- 1D
- 0.00%
- 1M
- -4.99%
- YTD
- 22.87%
- 6M
- 22.87%
- 1Y
- 31.30%
- 3Y*
- 16.78%
- 5Y*
- —
- 10Y*
- —
CALF vs. ISCMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CALF Pacer US Small Cap Cash Cows 100 ETF | 11.16% | 2.33% | -7.41% | 35.43% | -12.48% |
ISCMF iShares Diversified Commodity Swap UCITS ETF | 22.87% | 19.65% | 3.13% | -9.58% | -5.82% |
Correlation
The correlation between CALF and ISCMF is -0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2022 | -0.03 |
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Return for Risk
CALF vs. ISCMF — Risk / Return Rank
CALF
ISCMF
CALF vs. ISCMF - 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 iShares Diversified Commodity Swap UCITS ETF (ISCMF). 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 | ISCMF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 2.31 | -1.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.30 | 5.53 | -1.23 |
| Martin ratioReturn relative to average drawdown | 11.91 | 12.04 | -0.13 |
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Drawdowns
CALF vs. ISCMF - Drawdown Comparison
The maximum CALF drawdown since its inception was -47.58%, which is greater than ISCMF's maximum drawdown of -25.42%. Use the drawdown chart below to compare losses from any high point for CALF and ISCMF.
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Drawdown Indicators
| CALF | ISCMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.58% | -25.42% | -22.16% |
Max Drawdown (1Y)Largest decline over 1 year | -6.15% | -5.69% | -0.46% |
Max Drawdown (3Y)Largest decline over 3 years | -34.22% | -7.62% | -26.60% |
Max Drawdown (5Y)Largest decline over 5 years | -34.22% | — | — |
Current DrawdownCurrent decline from peak | -3.84% | -5.26% | +1.42% |
Average DrawdownAverage peak-to-trough decline | -10.70% | -13.36% | +2.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.22% | 2.61% | -0.39% |
Volatility
CALF vs. ISCMF - Volatility Comparison
Pacer US Small Cap Cash Cows 100 ETF (CALF) has a higher volatility of 5.53% compared to iShares Diversified Commodity Swap UCITS ETF (ISCMF) at 5.11%. This indicates that CALF's price experiences larger fluctuations and is considered to be riskier than ISCMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CALF | ISCMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.53% | 5.11% | +0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 10.91% | 15.45% | -4.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.01% | 17.84% | -1.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.41% | 14.30% | +9.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.98% | 14.30% | +11.68% |
CALF vs. ISCMF - Expense Ratio Comparison
CALF has a 0.59% expense ratio, which is higher than ISCMF's 0.19% expense ratio.
Dividends
CALF vs. ISCMF - Dividend Comparison
CALF's dividend yield for the trailing twelve months is around 1.23%, while ISCMF has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CALF Pacer US Small Cap Cash Cows 100 ETF | 1.23% | 1.43% | 1.07% | 1.18% | 0.85% | 2.63% | 0.82% | 0.99% | 1.39% | 0.70% |
ISCMF iShares Diversified Commodity Swap UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CALF and ISCMF have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CALF has higher volatility (5.53%) compared to ISCMF (5.11%). In terms of maximum drawdown, CALF dropped -47.58% vs ISCMF's -25.42%.
On 3-year performance, ISCMF leads with 16.78% vs 8.93% for CALF. On fees, ISCMF is cheaper at 0.19% per year. On volatility, ISCMF has been the lower-risk option at 5.11%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, ISCMF has performed better with a 16.78% return vs 8.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ISCMF is cheaper with a 0.19% expense ratio, compared with 0.59% for CALF.
CALF has the higher dividend yield at 1.23%, compared with 0.00% for ISCMF.
CALF is categorized as Small Cap Blend Equities, while ISCMF is Commodities. CALF tracks Pacer US Small Cap Cash Cows Index, while ISCMF tracks Bloomberg Commodity Index. They also come from different issuers: Pacer and iShares. Their fees differ too: 0.59% for CALF and 0.19% for ISCMF.
ISCMF currently has the higher Sharpe Ratio (1.76 vs 1.65), 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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