JPSV vs. CALF

Last updated Jul 17, 2026

JPSV (Jpmorgan Active Small Cap Value ETF) and CALF (Pacer US Small Cap Cash Cows ETF) are both Small Cap Value Equities funds. JPSV is actively managed, while CALF is passively managed. Over the past 3 years, JPSV returned 13.15%/yr vs 9.56%/yr for CALF. Their correlation of 0.86 suggests significant overlap in exposure. JPSV charges 0.74%/yr vs 0.59%/yr for CALF.

Performance

JPSV vs. CALF - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with JPSV having a 20.89% return and CALF slightly lower at 20.04%.

JPSV

• 1D: 2.09%
• 1M: 5.55%
• 6M: 14.88%
• YTD: 20.89%
• 1Y: 24.27%
• 3Y*: 13.15%
• 5Y*: —
• 10Y*: —

CALF

• 1D: 1.55%
• 1M: 6.45%
• 6M: 16.08%
• YTD: 20.04%
• 1Y: 33.20%
• 3Y*: 9.56%
• 5Y*: 6.53%
• 10Y*: —

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

JPSV vs. CALF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
JPSV Jpmorgan Active Small Cap Value ETF	20.89%	0.63%	8.73%	9.99%
CALF Pacer US Small Cap Cash Cows ETF	20.04%	2.33%	-7.41%	24.74%

Correlation

The correlation between JPSV and CALF is 0.75, 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	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (All Time) Calculated using the full available price history since Mar 8, 2023	0.86

The correlation between JPSV and CALF shifts across timeframes, from 0.75 (1 year) to 0.86 (all time), reflecting how their relationship changes across market environments.

JPSV vs. CALF - Sectors Allocation Comparison

Sectors	JPSV	CALF
Financial Services	24.8%	0.2%
Industrials	13.1%	5.4%
Consumer Cyclical	10.8%	28.5%
Technology	9.8%	32.4%
Real Estate	9.7%	1.5%
Healthcare	7.4%	9.7%
Communication Services	7.1%	8.3%
Energy	5.8%	8.9%
Utilities	5.6%	-
Basic Materials	4.0%	1.6%
Consumer Defensive	1.8%	3.6%

Return for Risk

JPSV vs. CALF — Risk / Return Rank

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

JPSV

JPSV Risk / Return Rank: 62
JPSV Sharpe Ratio Rank: 60
JPSV Sortino Ratio Rank: 67
JPSV Omega Ratio Rank: 59
JPSV Calmar Ratio Rank: 68
JPSV Martin Ratio Rank: 55

CALF

CALF Risk / Return Rank: 86
CALF Sharpe Ratio Rank: 83
CALF Sortino Ratio Rank: 84
CALF Omega Ratio Rank: 79
CALF Calmar Ratio Rank: 94
CALF Martin Ratio Rank: 88

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.

JPSV vs. CALF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Jpmorgan Active Small Cap Value ETF (JPSV) 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.

	JPSV	CALF	Difference
Sharpe ratio: Return per unit of total volatility	1.60	2.10	-0.49
Sortino ratio: Return per unit of downside risk	2.47	3.02	-0.55
Omega ratio: Gain probability vs. loss probability	1.29	1.37	-0.08
Calmar ratio: Return relative to maximum drawdown	2.70	5.42	-2.72
Martin ratio: Return relative to average drawdown	7.50	14.95	-7.45

JPSV vs. CALF - Sharpe Ratio Comparison

The current JPSV Sharpe Ratio is 1.60, which is comparable to the CALF Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of JPSV 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

JPSV vs. CALF - Drawdown Comparison

The maximum JPSV drawdown since its inception was -22.78%, smaller than the maximum CALF drawdown of -47.58%. Use the drawdown chart below to compare losses from any high point for JPSV and CALF.

Drawdown Indicators

	JPSV	CALF	Difference
Max Drawdown Largest peak-to-trough decline	-22.78%	-47.58%	+24.80%
Max Drawdown (1Y) Largest decline over 1 year	-9.02%	-6.15%	-2.87%
Max Drawdown (3Y) Largest decline over 3 years	-22.78%	-34.22%	+11.44%
Max Drawdown (5Y) Largest decline over 5 years	—	-34.22%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-5.45%	-10.62%	+5.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.24%	2.23%	+1.01%

Volatility

JPSV vs. CALF - Volatility Comparison

The current volatility for Jpmorgan Active Small Cap Value ETF (JPSV) is 3.83%, while Pacer US Small Cap Cash Cows ETF (CALF) has a volatility of 4.83%. This indicates that JPSV 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

	JPSV	CALF	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.83%	4.83%	-1.00%
Volatility (6M) Calculated over the trailing 6-month period	10.17%	11.30%	-1.13%
Volatility (1Y) Calculated over the trailing 1-year period	15.19%	15.89%	-0.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.78%	23.27%	-5.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.78%	25.91%	-8.13%

JPSV vs. CALF - Expense Ratio Comparison

JPSV has a 0.74% expense ratio, which is higher than CALF's 0.59% expense ratio.

Dividends

JPSV vs. CALF - Dividend Comparison

JPSV's dividend yield for the trailing twelve months is around 1.17%, more than CALF's 1.14% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CALF Pacer US Small Cap Cash Cows ETF	1.14%	1.43%	1.07%	1.18%	0.85%	2.63%	0.82%	0.99%	1.39%	0.70%
JPSV Jpmorgan Active Small Cap Value ETF	1.17%	1.42%	1.21%	1.09%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JPSV and CALF in my portfolio?

JPSV and CALF have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JPSV or CALF?

CALF has higher volatility (4.83%) compared to JPSV (3.83%). In terms of maximum drawdown, JPSV dropped -22.78% vs CALF's -47.58%.

Which ETF is better, JPSV or CALF?

On 3-year performance, JPSV leads with 13.15% vs 9.56% for CALF. On fees, CALF is cheaper at 0.59% per year. On volatility, JPSV has been the lower-risk option at 3.83%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JPSV or CALF?

Over the 3-year period, JPSV has performed better with a 13.15% return vs 9.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JPSV or CALF?

CALF is cheaper with a 0.59% expense ratio, compared with 0.74% for JPSV.

Which ETF pays a higher dividend yield, JPSV or CALF?

JPSV has the higher dividend yield at 1.17%, compared with 1.14% for CALF.

What is the main difference between JPSV and CALF?

They also come from different issuers: JPMorgan and Pacer. Their fees differ too: 0.74% for JPSV and 0.59% for CALF.

Which has better risk-adjusted returns?

CALF currently has the higher Sharpe Ratio (2.10 vs 1.60), 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.