PATK vs. CALF

Last updated Jul 14, 2026

PATK (Patrick Industries, 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 5 years, PATK returned 13.94%/yr vs 5.43%/yr for CALF. A 0.65 correlation means they provide meaningful diversification when combined.

Performance

PATK vs. CALF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Patrick Industries, Inc. (PATK) 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, PATK achieves a -22.39% return, which is significantly lower than CALF's 17.73% return.

PATK

• 1D: 0.88%
• 1M: -3.77%
• 6M: -28.54%
• YTD: -22.39%
• 1Y: -14.83%
• 3Y*: 16.58%
• 5Y*: 13.94%
• 10Y*: 12.63%

CALF

• 1D: 0.69%
• 1M: 3.18%
• 6M: 14.07%
• YTD: 17.73%
• 1Y: 28.04%
• 3Y*: 9.15%
• 5Y*: 5.43%
• 10Y*: —

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

PATK vs. CALF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PATK Patrick Industries, Inc.	-22.39%	32.70%	26.49%	69.62%	-23.07%	19.72%	32.77%	77.91%	-57.37%	37.16%
CALF Pacer US Small Cap Cash Cows ETF	17.73%	2.33%	-7.41%	35.43%	-15.20%	40.68%	16.55%	18.18%	-10.06%	5.78%

Correlation

The correlation between PATK and CALF is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.67
Correlation (All Time) Calculated using the full available price history since Jun 19, 2017	0.65

Over the past year, the correlation between PATK and CALF has dropped to 0.39 - well below their long-term average of 0.65, suggesting their price drivers have been diverging.

Return for Risk

PATK vs. CALF — Risk / Return Rank

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

PATK

PATK Risk / Return Rank: 28
PATK Sharpe Ratio Rank: 26
PATK Sortino Ratio Rank: 25
PATK Omega Ratio Rank: 26
PATK Calmar Ratio Rank: 34
PATK Martin Ratio Rank: 31

CALF

CALF Risk / Return Rank: 76
CALF Sharpe Ratio Rank: 69
CALF Sortino Ratio Rank: 71
CALF Omega Ratio Rank: 66
CALF Calmar Ratio Rank: 91
CALF Martin Ratio Rank: 82

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.

PATK vs. CALF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Patrick Industries, Inc. (PATK) 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.

	PATK	CALF	Difference
Sharpe ratio: Return per unit of total volatility	-0.42	1.77	-2.19
Sortino ratio: Return per unit of downside risk	-0.38	2.58	-2.96
Omega ratio: Gain probability vs. loss probability	0.95	1.31	-0.36
Calmar ratio: Return relative to maximum drawdown	-0.35	4.58	-4.93
Martin ratio: Return relative to average drawdown	-0.72	12.58	-13.29

PATK vs. CALF - Sharpe Ratio Comparison

The current PATK Sharpe Ratio is -0.42, which is lower than the CALF Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of PATK 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

PATK vs. CALF - Drawdown Comparison

The maximum PATK drawdown since its inception was -98.61%, which is greater than CALF's maximum drawdown of -47.58%. Use the drawdown chart below to compare losses from any high point for PATK and CALF.

Drawdown Indicators

	PATK	CALF	Difference
Max Drawdown Largest peak-to-trough decline	-98.61%	-47.58%	-51.03%
Max Drawdown (1Y) Largest decline over 1 year	-42.77%	-6.15%	-36.62%
Max Drawdown (3Y) Largest decline over 3 years	-42.77%	-34.22%	-8.55%
Max Drawdown (5Y) Largest decline over 5 years	-49.75%	-34.22%	-15.53%
Max Drawdown (10Y) Largest decline over 10 years	-72.62%	—	—
Current Drawdown Current decline from peak	-42.26%	0.00%	-42.26%
Average Drawdown Average peak-to-trough decline	-31.88%	-10.63%	-21.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.71%	2.24%	+18.47%

Volatility

PATK vs. CALF - Volatility Comparison

Patrick Industries, Inc. (PATK) has a higher volatility of 11.60% compared to Pacer US Small Cap Cash Cows ETF (CALF) at 4.71%. This indicates that PATK'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

	PATK	CALF	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.60%	4.71%	+6.89%
Volatility (6M) Calculated over the trailing 6-month period	29.75%	11.17%	+18.58%
Volatility (1Y) Calculated over the trailing 1-year period	35.92%	15.94%	+19.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.56%	23.29%	+14.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.21%	25.92%	+20.29%

Dividends

PATK vs. CALF - Dividend Comparison

PATK's dividend yield for the trailing twelve months is around 2.17%, more than CALF's 1.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CALF Pacer US Small Cap Cash Cows ETF	1.17%	1.43%	1.07%	1.18%	0.85%	2.63%	0.82%	0.99%	1.39%	0.70%
PATK Patrick Industries, Inc.	2.17%	1.54%	1.81%	1.89%	2.38%	1.45%	1.51%	0.48%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PATK and CALF in my portfolio?

PATK and CALF have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PATK or CALF?

PATK has higher volatility (11.60%) compared to CALF (4.71%). In terms of maximum drawdown, PATK dropped -98.61% vs CALF's -47.58%.

Which has better risk-adjusted returns?

CALF currently has the higher Sharpe Ratio (1.77 vs -0.42), 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.