CALF vs. RWJ
Compare and contrast key facts about Pacer US Small Cap Cash Cows 100 ETF (CALF) and Invesco S&P SmallCap 600 Revenue ETF (RWJ).
CALF and RWJ 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 Advisors that tracks the performance of the Pacer US Small Cap Cash Cows Index. It was launched on Jun 16, 2017. RWJ is a passively managed fund by Invesco that tracks the performance of the S&P SmallCap 600 Revenue-Weighted Index. It was launched on Feb 22, 2008. Both CALF and RWJ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CALF or RWJ.
Key characteristics
| CALF | RWJ | |
|---|---|---|
| YTD Return | -2.29% | -2.13% |
| 1Y Return | 29.99% | 13.70% |
| 3Y Return (Ann) | 5.17% | 2.64% |
| 5Y Return (Ann) | 14.28% | 13.91% |
| Sharpe Ratio | 1.59 | 0.74 |
| Daily Std Dev | 19.78% | 21.44% |
| Max Drawdown | -47.58% | -55.97% |
| Current Drawdown | -4.70% | -5.58% |
Correlation
The correlation between CALF and RWJ is 0.92, 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.
Performance
CALF vs. RWJ - Performance Comparison
In the year-to-date period, CALF achieves a -2.29% return, which is significantly lower than RWJ's -2.13% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CALF vs. RWJ - Expense Ratio Comparison
CALF has a 0.59% expense ratio, which is higher than RWJ's 0.39% expense ratio.
Risk-Adjusted Performance
CALF vs. RWJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer US Small Cap Cash Cows 100 ETF (CALF) and Invesco S&P SmallCap 600 Revenue ETF (RWJ). 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.
Dividends
CALF vs. RWJ - Dividend Comparison
CALF's dividend yield for the trailing twelve months is around 1.11%, less than RWJ's 1.30% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CALF Pacer US Small Cap Cash Cows 100 ETF | 1.11% | 1.18% | 0.85% | 2.63% | 0.82% | 0.99% | 1.39% | 0.70% | 0.00% | 0.00% | 0.00% | 0.00% |
RWJ Invesco S&P SmallCap 600 Revenue ETF | 1.30% | 1.34% | 1.02% | 0.61% | 0.89% | 1.22% | 1.44% | 0.91% | 0.61% | 0.74% | 0.57% | 1.27% |
Drawdowns
CALF vs. RWJ - Drawdown Comparison
The maximum CALF drawdown since its inception was -47.58%, smaller than the maximum RWJ drawdown of -55.97%. Use the drawdown chart below to compare losses from any high point for CALF and RWJ. For additional features, visit the drawdowns tool.
Volatility
CALF vs. RWJ - Volatility Comparison
Pacer US Small Cap Cash Cows 100 ETF (CALF) and Invesco S&P SmallCap 600 Revenue ETF (RWJ) have volatilities of 5.46% and 5.33%, 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.