ODDS vs. CALF

Last updated Jun 4, 2026

ODDS (Pacer BlueStar Digital Entertainment ETF) and CALF (Pacer US Small Cap Cash Cows 100 ETF) are both exchange-traded funds - ODDS is a Technology Equities fund tracking the BlueStar Global Online Gambling, Video Gaming and eSports Index, while CALF is a Small Cap Blend Equities fund tracking the Pacer US Small Cap Cash Cows Index. Both are passively managed. Over the past 3 years, ODDS returned 7.66%/yr vs 10.69%/yr for CALF. A 0.59 correlation means they provide meaningful diversification when combined. ODDS charges 0.63%/yr vs 0.59%/yr for CALF.

Performance

ODDS vs. CALF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer BlueStar Digital Entertainment ETF (ODDS) 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, ODDS achieves a -16.40% return, which is significantly lower than CALF's 13.34% return.

ODDS

• 1D: -2.39%
• 1M: -0.02%
• YTD: -16.40%
• 6M: -17.80%
• 1Y: -13.71%
• 3Y*: 7.66%
• 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)

ODDS vs. CALF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ODDS Pacer BlueStar Digital Entertainment ETF	-16.40%	16.71%	27.61%	25.03%	-14.96%
CALF Pacer US Small Cap Cash Cows 100 ETF	13.34%	2.33%	-7.41%	35.43%	-6.21%

Correlation

The correlation between ODDS and CALF is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.51
Correlation (All Time) Calculated using the full available price history since Apr 12, 2022	0.59

The correlation between ODDS and CALF shifts across timeframes, from 0.41 (1 year) to 0.59 (all time), reflecting how their relationship changes across market environments.

ODDS vs. CALF - Sectors Allocation Comparison

Sectors	ODDS	CALF
Consumer Cyclical	49.9%	28.3%
Communication Services	44.0%	8.8%
Technology	6.1%	29.7%
Basic Materials	-	1.6%
Consumer Defensive	-	4.3%
Energy	-	10.3%
Financial Services	-	0.2%
Healthcare	-	9.4%
Industrials	-	5.9%
Real Estate	-	1.6%
Utilities	-	-

Return for Risk

ODDS vs. CALF — Risk / Return Rank

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

ODDS

ODDS Risk / Return Rank: 4
ODDS Sharpe Ratio Rank: 3
ODDS Sortino Ratio Rank: 4
ODDS Omega Ratio Rank: 3
ODDS Calmar Ratio Rank: 5
ODDS Martin Ratio Rank: 6

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.

ODDS vs. CALF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer BlueStar Digital Entertainment ETF (ODDS) 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.

	ODDS	CALF	Difference
Sharpe ratio: Return per unit of total volatility	-0.68	1.93	-2.60
Sortino ratio: Return per unit of downside risk	-0.82	2.82	-3.64
Omega ratio: Gain probability vs. loss probability	0.90	1.34	-0.44
Calmar ratio: Return relative to maximum drawdown	-0.39	4.94	-5.33
Martin ratio: Return relative to average drawdown	-0.69	14.08	-14.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ODDS vs. CALF - Sharpe Ratio Comparison

The current ODDS Sharpe Ratio is -0.68, which is lower than the CALF Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of ODDS 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

	ODDS	CALF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.68	1.93	-2.60
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.18	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.37	-0.09

Drawdowns

ODDS vs. CALF - Drawdown Comparison

The maximum ODDS drawdown since its inception was -35.09%, smaller than the maximum CALF drawdown of -47.58%. Use the drawdown chart below to compare losses from any high point for ODDS and CALF.

Drawdown Indicators

	ODDS	CALF	Difference
Max Drawdown Largest peak-to-trough decline	-35.09%	-47.58%	+12.49%
Max Drawdown (1Y) Largest decline over 1 year	-35.09%	-6.15%	-28.94%
Max Drawdown (3Y) Largest decline over 3 years	-35.09%	-34.22%	-0.87%
Max Drawdown (5Y) Largest decline over 5 years	—	-34.22%	—
Current Drawdown Current decline from peak	-30.27%	-1.95%	-28.32%
Average Drawdown Average peak-to-trough decline	-9.16%	-10.74%	+1.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.81%	2.15%	+17.66%

Volatility

ODDS vs. CALF - Volatility Comparison

Pacer BlueStar Digital Entertainment ETF (ODDS) and Pacer US Small Cap Cash Cows 100 ETF (CALF) have volatilities of 4.69% and 4.92%, 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.

Volatility by Period

	ODDS	CALF	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.69%	4.92%	-0.23%
Volatility (6M) Calculated over the trailing 6-month period	15.74%	10.47%	+5.27%
Volatility (1Y) Calculated over the trailing 1-year period	20.36%	15.84%	+4.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.87%	23.44%	+1.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.87%	26.02%	-1.15%

ODDS vs. CALF - Expense Ratio Comparison

ODDS has a 0.63% expense ratio, which is higher than CALF's 0.59% expense ratio.

Dividends

ODDS vs. CALF - Dividend Comparison

ODDS's dividend yield for the trailing twelve months is around 2.91%, 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%
ODDS Pacer BlueStar Digital Entertainment ETF	2.91%	2.59%	0.56%	0.66%	0.42%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ODDS and CALF in my portfolio?

ODDS and CALF have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ODDS or CALF?

CALF has higher volatility (4.92%) compared to ODDS (4.69%). In terms of maximum drawdown, ODDS dropped -35.09% vs CALF's -47.58%.

Which ETF is better, ODDS or CALF?

On 3-year performance, CALF leads with 10.69% vs 7.66% for ODDS. On fees, CALF is cheaper at 0.59% per year. On volatility, ODDS has been the lower-risk option at 4.69%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ODDS or CALF?

Over the 3-year period, CALF has performed better with a 10.69% return vs 7.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ODDS or CALF?

CALF is cheaper with a 0.59% expense ratio, compared with 0.63% for ODDS.

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

ODDS has the higher dividend yield at 2.91%, compared with 1.28% for CALF.

What is the main difference between ODDS and CALF?

ODDS is categorized as Technology Equities, while CALF is Small Cap Blend Equities. ODDS tracks BlueStar Global Online Gambling, Video Gaming and eSports Index, while CALF tracks Pacer US Small Cap Cash Cows Index. Their fees differ too: 0.63% for ODDS and 0.59% for CALF.

Which has better risk-adjusted returns?

CALF currently has the higher Sharpe Ratio (1.93 vs -0.68), 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.