FLOW vs. CALF

Last updated Jun 4, 2026

FLOW (SPX FLOW, Inc.) is a stock, while CALF (Pacer US Small Cap Cash Cows 100 ETF) is Small Cap Blend Equities fund tracking the Pacer US Small Cap Cash Cows Index. Over the past year, FLOW returned 29.06% vs 30.24% for CALF. Their correlation of 0.89 suggests significant overlap in exposure.

Performance

FLOW vs. CALF - Performance Comparison

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

Returns By Period

In the year-to-date period, FLOW achieves a 9.51% return, which is significantly lower than CALF's 13.34% return.

FLOW

• 1D: -0.64%
• 1M: 5.94%
• YTD: 9.51%
• 6M: 10.60%
• 1Y: 29.06%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CALF

• 1D: -1.12%
• 1M: 4.91%
• YTD: 13.34%
• 6M: 12.53%
• 1Y: 30.24%
• 3Y*: 10.69%
• 5Y*: 4.12%
• 10Y*: —

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

FLOW vs. CALF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FLOW SPX FLOW, Inc.	9.51%	17.52%	13.03%	9.38%
CALF Pacer US Small Cap Cash Cows 100 ETF	13.34%	2.33%	-7.41%	16.07%

Correlation

The correlation between FLOW and CALF is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (All Time) Calculated using the full available price history since Jul 13, 2023	0.89

The correlation between FLOW and CALF has been stable across timeframes, ranging from 0.89 to 0.95 - a consistent structural relationship.

Return for Risk

FLOW vs. CALF — Risk / Return Rank

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

FLOW

FLOW Risk / Return Rank: 87
FLOW Sharpe Ratio Rank: 86
FLOW Sortino Ratio Rank: 86
FLOW Omega Ratio Rank: 83
FLOW Calmar Ratio Rank: 89
FLOW Martin Ratio Rank: 91

CALF

CALF Risk / Return Rank: 66
CALF Sharpe Ratio Rank: 56
CALF Sortino Ratio Rank: 58
CALF Omega Ratio Rank: 54
CALF Calmar Ratio Rank: 86
CALF Martin Ratio Rank: 73

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.

FLOW vs. CALF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPX FLOW, Inc. (FLOW) and Pacer US Small Cap Cash Cows 100 ETF (CALF). 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.

	FLOW	CALF	Difference
Sharpe ratio: Return per unit of total volatility	1.92	1.93	-0.01
Sortino ratio: Return per unit of downside risk	2.84	2.82	+0.02
Omega ratio: Gain probability vs. loss probability	1.34	1.34	-0.01
Calmar ratio: Return relative to maximum drawdown	4.41	4.94	-0.53
Martin ratio: Return relative to average drawdown	12.85	14.08	-1.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLOW vs. CALF - Sharpe Ratio Comparison

The current FLOW Sharpe Ratio is 1.92, which is comparable to the CALF Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of FLOW and CALF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FLOW	CALF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.92	1.93	-0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.18	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.03	0.37	+0.66

Drawdowns

FLOW vs. CALF - Drawdown Comparison

The maximum FLOW drawdown since its inception was -21.64%, smaller than the maximum CALF drawdown of -47.58%. Use the drawdown chart below to compare losses from any high point for FLOW and CALF.

Drawdown Indicators

	FLOW	CALF	Difference
Max Drawdown Largest peak-to-trough decline	-21.64%	-47.58%	+25.94%
Max Drawdown (1Y) Largest decline over 1 year	-6.61%	-6.15%	-0.46%
Max Drawdown (3Y) Largest decline over 3 years	—	-34.22%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-34.22%	—
Current Drawdown Current decline from peak	-1.69%	-1.95%	+0.26%
Average Drawdown Average peak-to-trough decline	-3.13%	-10.74%	+7.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.27%	2.15%	+0.12%

Volatility

FLOW vs. CALF - Volatility Comparison

The current volatility for SPX FLOW, Inc. (FLOW) is 4.34%, while Pacer US Small Cap Cash Cows 100 ETF (CALF) has a volatility of 4.92%. This indicates that FLOW experiences smaller price fluctuations and is considered to be less risky than CALF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLOW	CALF	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.34%	4.92%	-0.58%
Volatility (6M) Calculated over the trailing 6-month period	10.07%	10.47%	-0.40%
Volatility (1Y) Calculated over the trailing 1-year period	15.30%	15.84%	-0.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.98%	23.44%	-6.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.98%	26.02%	-9.04%

Dividends

FLOW vs. CALF - Dividend Comparison

FLOW's dividend yield for the trailing twelve months is around 2.20%, more than CALF's 1.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CALF Pacer US Small Cap Cash Cows 100 ETF	1.28%	1.43%	1.07%	1.18%	0.85%	2.63%	0.82%	0.99%	1.39%	0.70%
FLOW SPX FLOW, Inc.	2.20%	2.15%	2.10%	0.95%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FLOW and CALF in my portfolio?

With a correlation of 0.95, FLOW and CALF move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FLOW or CALF?

CALF has higher volatility (4.92%) compared to FLOW (4.34%). In terms of maximum drawdown, FLOW dropped -21.64% vs CALF's -47.58%.

Which has better risk-adjusted returns?

CALF currently has the higher Sharpe Ratio (1.93 vs 1.92), 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.