FLOW vs. CALF

Last updated Aug 1, 2026

FLOW (SPX FLOW, Inc.) is a stock, while CALF (Pacer US Small Cap Cash Cows ETF) is Small Cap Value Equities fund tracking the Pacer US Small Cap Cash Cows Index. Over the past 3 years, FLOW returned 17.89%/yr vs 8.57%/yr for CALF. Their correlation of 0.89 means they have usually moved in the same direction.

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 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 16.49% return, which is significantly lower than CALF's 22.50% return.

FLOW

• 1D: 0.00%
• 1M: 6.30%
• 6M: 15.58%
• YTD: 16.49%
• 1Y: 34.11%
• 3Y*: 17.89%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 18.81%

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%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CALF Pacer US Small Cap Cash Cows ETF	$20.38M	$24.48M	$25.33M
FLOW SPX FLOW, Inc.	$145.47K	$107.15K	$67.32K

FLOW vs. CALF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FLOW SPX FLOW, Inc.	16.49%	17.52%	13.03%	9.38%
CALF Pacer US Small Cap Cash Cows ETF	22.50%	2.33%	-7.41%	17.03%

Correlation

The correlation between FLOW and CALF is 0.95, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.95
Correlation (3Y) Balances recent behavior with more history.	0.89
Correlation (All Time) Calculated using the full available price history since Jul 12, 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 historical risk-adjusted metric ranks over the past 12 months.

FLOW

FLOW Risk / Return Rank: 93
FLOW Sharpe Ratio Rank: 93
FLOW Sortino Ratio Rank: 93
FLOW Omega Ratio Rank: 91
FLOW Calmar Ratio Rank: 95
FLOW Martin Ratio Rank: 95

CALF

CALF Risk / Return Rank: 92
CALF Sharpe Ratio Rank: 91
CALF Sortino Ratio Rank: 92
CALF Omega Ratio Rank: 89
CALF Calmar Ratio Rank: 96
CALF Martin Ratio Rank: 94

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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 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.

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.

	FLOW	CALF	Difference
Sharpe ratio: Return per unit of total volatility	2.11	2.30	-0.19
Sortino ratio: Return per unit of downside risk	3.08	3.30	-0.22
Omega ratio: Gain probability vs. loss probability	1.37	1.40	-0.03
Calmar ratio: Return relative to maximum drawdown	4.99	6.13	-1.14
Martin ratio: Return relative to average drawdown	13.65	17.68	-4.03

FLOW vs. CALF - Sharpe Ratio Comparison

The current FLOW Sharpe Ratio is 2.11, which is comparable to the CALF Sharpe Ratio of 2.30. 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.

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%	-6.02%	-0.59%
Max Drawdown (3Y) Largest decline over 3 years	-21.64%	-34.22%	+12.58%
Max Drawdown (5Y) Largest decline over 5 years	—	-34.22%	—
Current Drawdown Current decline from peak	-2.14%	-1.88%	-0.26%
Average Drawdown Average peak-to-trough decline	-3.10%	-10.57%	+7.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.42%	2.09%	+0.33%

Volatility

FLOW vs. CALF - Volatility Comparison

SPX FLOW, Inc. (FLOW) has a higher volatility of 6.32% compared to Pacer US Small Cap Cash Cows ETF (CALF) at 5.09%. This indicates that FLOW's price experiences larger fluctuations and is considered to be riskier 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	6.32%	5.09%	+1.23%
Volatility (6M) Calculated over the trailing 6-month period	11.53%	11.64%	-0.11%
Volatility (1Y) Calculated over the trailing 1-year period	15.77%	16.13%	-0.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.08%	23.23%	-6.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.08%	25.89%	-8.81%

Dividends

FLOW vs. CALF - Dividend Comparison

FLOW's dividend yield for the trailing twelve months is around 1.91%, more than CALF's 1.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
FLOW SPX FLOW, Inc.	1.91%	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?

FLOW has higher volatility (6.32%) compared to CALF (5.09%). 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 (2.30 vs 2.11), 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.