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CALF vs. XSVM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CALF vs. XSVM

Last updated Jun 13, 2026

CALF (Pacer US Small Cap Cash Cows 100 ETF) and XSVM (Invesco S&P SmallCap Value with Momentum ETF) are both exchange-traded funds - CALF is a Small Cap Blend Equities fund tracking the Pacer US Small Cap Cash Cows Index, while XSVM is a Momentum fund tracking the S&P SmallCap 600 High Momentum Value Index. Both are passively managed. Over the past 5 years, CALF returned 3.80%/yr vs 7.44%/yr for XSVM. Their correlation of 0.89 suggests significant overlap in exposure. CALF charges 0.59%/yr vs 0.37%/yr for XSVM.

Performance

CALF vs. XSVM - 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 Invesco S&P SmallCap Value with Momentum ETF (XSVM). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, CALF achieves a 14.10% return, which is significantly lower than XSVM's 21.88% return.

CALF

1D
0.46%
1M
7.83%
YTD
14.10%
6M
11.90%
1Y
30.59%
3Y*
9.56%
5Y*
3.80%
10Y*
—

XSVM

1D
1.17%
1M
5.46%
YTD
21.88%
6M
18.48%
1Y
42.01%
3Y*
16.38%
5Y*
7.44%
10Y*
13.23%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CALF vs. XSVM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CALF
Pacer US Small Cap Cash Cows 100 ETF		14.10%2.33%-7.41%35.43%-15.20%40.68%16.55%18.18%-10.06%5.78%
XSVM
Invesco S&P SmallCap Value with Momentum ETF		21.88%7.47%2.30%20.20%-13.63%56.36%5.08%30.01%-12.33%7.60%

Correlation

The correlation between CALF and XSVM is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.76

Correlation (3Y)
Calculated over the trailing 3-year period

0.88

Correlation (5Y)
Calculated over the trailing 5-year period

0.91

Correlation (All Time)
Calculated using the full available price history since Jun 19, 2017

0.89

The correlation between CALF and XSVM shifts across timeframes, from 0.76 (1 year) to 0.91 (5 years), reflecting how their relationship changes across market environments.

CALF vs. XSVM - Sectors Allocation Comparison

Sectors
CALF
XSVM

Technology

29.7%
7.8%

Consumer Cyclical

28.3%
17.0%

Energy

10.3%
9.9%

Healthcare

9.4%
1.4%

Communication Services

8.8%
2.9%

Industrials

5.9%
6.7%

Consumer Defensive

4.3%
7.3%

Real Estate

1.6%
5.0%

Basic Materials

1.6%
1.9%

Financial Services

0.2%
38.8%

Utilities

-

1.3%

Technology

CALF
29.7%
XSVM
7.8%

Consumer Cyclical

CALF
28.3%
XSVM
17.0%

Energy

CALF
10.3%
XSVM
9.9%

Healthcare

CALF
9.4%
XSVM
1.4%

Communication Services

CALF
8.8%
XSVM
2.9%

Industrials

CALF
5.9%
XSVM
6.7%

Consumer Defensive

CALF
4.3%
XSVM
7.3%

Real Estate

CALF
1.6%
XSVM
5.0%

Basic Materials

CALF
1.6%
XSVM
1.9%

Financial Services

CALF
0.2%
XSVM
38.8%

Utilities

CALF

-

XSVM
1.3%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Pacer US Small Cap Cash Cows 100 ETF

Invesco S&P SmallCap Value with Momentum ETF

Often compared with CALF:
CALF vs. AVUVCALF vs. COWZCALF vs. SDVYCALF vs. RWJCALF vs. XSMOCALF vs. SCHACALF vs. DIVB
Often compared with XSVM:
XSVM vs. XSMOXSVM vs. AVUVXSVM vs. RWJXSVM vs. XSHQXSVM vs. SPHBXSVM vs. DGRSXSVM vs. RYPRX

Return for Risk

CALF vs. XSVM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CALF
CALF Risk / Return Rank: 7373
Overall Rank
CALF Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
CALF Sortino Ratio Rank: 6868
Sortino Ratio Rank
CALF Omega Ratio Rank: 6262
Omega Ratio Rank
CALF Calmar Ratio Rank: 9090
Calmar Ratio Rank
CALF Martin Ratio Rank: 8080
Martin Ratio Rank
XSVM
XSVM Risk / Return Rank: 7676
Overall Rank
XSVM Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
XSVM Sortino Ratio Rank: 7878
Sortino Ratio Rank
XSVM Omega Ratio Rank: 7272
Omega Ratio Rank
XSVM Calmar Ratio Rank: 8383
Calmar Ratio Rank
XSVM Martin Ratio Rank: 7373
Martin Ratio Rank
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. XSVM - 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 Invesco S&P SmallCap Value with Momentum ETF (XSVM). 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.

CALFXSVMDifference
Sharpe ratioReturn per unit of total volatility
1.84
2.09

-0.25

Sortino ratioReturn per unit of downside risk
2.69
3.00

-0.31

Omega ratioGain probability vs. loss probability

1.33

1.37

-0.04

Calmar ratioReturn relative to maximum drawdown

4.77

3.86

+0.90

Martin ratioReturn relative to average drawdown

13.43

11.98

+1.45

CALF vs. XSVM - Sharpe Ratio Comparison

The current CALF Sharpe Ratio is 1.84, which is comparable to the XSVM Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of CALF and XSVM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

CALF vs. XSVM - Drawdown Comparison

The maximum CALF drawdown since its inception was -47.58%, smaller than the maximum XSVM drawdown of -62.57%. Use the drawdown chart below to compare losses from any high point for CALF and XSVM.

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Drawdown Indicators

CALFXSVMDifference

Max Drawdown

Largest peak-to-trough decline

-47.58%

-62.57%

+14.99%

Max Drawdown (1Y)

Largest decline over 1 year

-6.15%

-10.08%

+3.93%

Max Drawdown (3Y)

Largest decline over 3 years

-34.22%

-26.21%

-8.01%

Max Drawdown (5Y)

Largest decline over 5 years

-34.22%

-26.21%

-8.01%

Max Drawdown (10Y)

Largest decline over 10 years

—

-49.02%

—

Current Drawdown

Current decline from peak

-1.29%

0.00%

-1.29%

Average Drawdown

Average peak-to-trough decline

-10.71%

-11.55%

+0.84%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.18%

3.26%

-1.08%

Volatility

CALF vs. XSVM - Volatility Comparison

Pacer US Small Cap Cash Cows 100 ETF (CALF) and Invesco S&P SmallCap Value with Momentum ETF (XSVM) have volatilities of 4.93% and 5.09%, 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.

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Volatility by Period

CALFXSVMDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.93%

5.09%

-0.16%

Volatility (6M)

Calculated over the trailing 6-month period

10.67%

12.03%

-1.36%

Volatility (1Y)

Calculated over the trailing 1-year period

15.90%

18.60%

-2.70%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.43%

22.61%

+0.82%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.99%

25.08%

+0.91%

CALF vs. XSVM - Expense Ratio Comparison

CALF has a 0.59% expense ratio, which is higher than XSVM's 0.37% expense ratio.

Dividends

CALF vs. XSVM - Dividend Comparison

CALF's dividend yield for the trailing twelve months is around 1.20%, less than XSVM's 1.74% yield.

PositionTTM20252024202320222021202020192018201720162015
CALF
Pacer US Small Cap Cash Cows 100 ETF		1.20%1.43%1.07%1.18%0.85%2.63%0.82%0.99%1.39%0.70%0.00%0.00%
XSVM
Invesco S&P SmallCap Value with Momentum ETF		1.74%2.29%1.69%1.31%1.79%1.23%1.21%1.22%2.54%1.90%2.29%2.68%

Frequently Asked Questions

CALF and XSVM have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

XSVM has higher volatility (5.09%) compared to CALF (4.93%). In terms of maximum drawdown, CALF dropped -47.58% vs XSVM's -62.57%.

On 5-year performance, XSVM leads with 7.44% vs 3.80% for CALF. On fees, XSVM is cheaper at 0.37% per year. On volatility, CALF has been the lower-risk option at 4.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, XSVM has performed better with a 7.44% return vs 3.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

XSVM is cheaper with a 0.37% expense ratio, compared with 0.59% for CALF.

XSVM has the higher dividend yield at 1.74%, compared with 1.20% for CALF.

CALF is categorized as Small Cap Blend Equities, while XSVM is Momentum. CALF tracks Pacer US Small Cap Cash Cows Index, while XSVM tracks S&P SmallCap 600 High Momentum Value Index. They also come from different issuers: Pacer and Invesco. Their fees differ too: 0.59% for CALF and 0.37% for XSVM.

XSVM currently has the higher Sharpe Ratio (2.09 vs 1.84), 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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