PSCX vs. CALF

Last updated Apr 1, 2026

Compare and contrast key facts about Pacer Swan SOS Conservative (December) ETF (PSCX) and Pacer US Small Cap Cash Cows 100 ETF (CALF).

PSCX and CALF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PSCX is an actively managed fund by Pacer. It was launched on Dec 22, 2020. CALF is a passively managed fund by Pacer that tracks the performance of the Pacer US Small Cap Cash Cows Index. It was launched on Jun 16, 2017.

Performance

PSCX vs. CALF - Performance Comparison

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

PSCX vs. CALF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
PSCX Pacer Swan SOS Conservative (December) ETF	-1.88%	12.08%	13.27%	16.57%	-7.35%	9.03%	0.81%
CALF Pacer US Small Cap Cash Cows 100 ETF	1.28%	2.33%	-7.41%	35.43%	-15.20%	40.68%	-0.35%

Returns By Period

In the year-to-date period, PSCX achieves a -1.88% return, which is significantly lower than CALF's 1.28% return.

PSCX

• 1D: 1.43%
• 1M: -2.32%
• YTD: -1.88%
• 6M: 0.91%
• 1Y: 12.02%
• 3Y*: 11.44%
• 5Y*: 7.30%
• 10Y*: —

CALF

• 1D: 1.93%
• 1M: -2.56%
• YTD: 1.28%
• 6M: 3.41%
• 1Y: 21.42%
• 3Y*: 6.95%
• 5Y*: 3.17%
• 10Y*: —

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

PSCX vs. CALF - Expense Ratio Comparison

PSCX has a 0.75% expense ratio, which is higher than CALF's 0.59% expense ratio.

PSCX

Pacer Swan SOS Conservative (December) ETF

CALF

Pacer US Small Cap Cash Cows 100 ETF

Return for Risk

PSCX vs. CALF — Risk / Return Rank

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

PSCX

PSCX Risk / Return Rank: 79
PSCX Sharpe Ratio Rank: 75
PSCX Sortino Ratio Rank: 79
PSCX Omega Ratio Rank: 82
PSCX Calmar Ratio Rank: 75
PSCX Martin Ratio Rank: 85

CALF

CALF Risk / Return Rank: 59
CALF Sharpe Ratio Rank: 56
CALF Sortino Ratio Rank: 59
CALF Omega Ratio Rank: 60
CALF Calmar Ratio Rank: 56
CALF Martin Ratio Rank: 64

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.

PSCX vs. CALF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Swan SOS Conservative (December) ETF (PSCX) 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.

	PSCX	CALF	Difference
Sharpe ratio Return per unit of total volatility	1.37	0.95	+0.42
Sortino ratio Return per unit of downside risk	2.05	1.46	+0.59
Omega ratio Gain probability vs. loss probability	1.32	1.21	+0.11
Calmar ratio Return relative to maximum drawdown	1.99	1.32	+0.67
Martin ratio Return relative to average drawdown	10.21	6.03	+4.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PSCX vs. CALF - Sharpe Ratio Comparison

The current PSCX Sharpe Ratio is 1.37, which is higher than the CALF Sharpe Ratio of 0.95. The chart below compares the historical Sharpe Ratios of PSCX and CALF, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PSCX	CALF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.37	0.95	+0.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.04	0.13	+0.91
Sharpe Ratio (All Time) Calculated using the full available price history	1.10	0.32	+0.78

Correlation

The correlation between PSCX and CALF is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

PSCX vs. CALF - Dividend Comparison

PSCX has not paid dividends to shareholders, while CALF's dividend yield for the trailing twelve months is around 1.43%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
PSCX Pacer Swan SOS Conservative (December) ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CALF Pacer US Small Cap Cash Cows 100 ETF	1.43%	1.43%	1.07%	1.18%	0.85%	2.63%	0.82%	0.99%	1.39%	0.70%

Drawdowns

PSCX vs. CALF - Drawdown Comparison

The maximum PSCX drawdown since its inception was -10.20%, smaller than the maximum CALF drawdown of -47.58%. Use the drawdown chart below to compare losses from any high point for PSCX and CALF.

Drawdown Indicators

	PSCX	CALF	Difference
Max Drawdown Largest peak-to-trough decline	-10.20%	-47.58%	+37.38%
Max Drawdown (1Y) Largest decline over 1 year	-6.15%	-16.47%	+10.32%
Max Drawdown (5Y) Largest decline over 5 years	-10.20%	-34.22%	+24.02%
Current Drawdown Current decline from peak	-2.84%	-6.40%	+3.56%
Average Drawdown Average peak-to-trough decline	-1.92%	-10.92%	+9.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.20%	3.60%	-2.40%

Volatility

PSCX vs. CALF - Volatility Comparison

The current volatility for Pacer Swan SOS Conservative (December) ETF (PSCX) is 2.81%, while Pacer US Small Cap Cash Cows 100 ETF (CALF) has a volatility of 4.25%. This indicates that PSCX 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

	PSCX	CALF	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.81%	4.25%	-1.44%
Volatility (6M) Calculated over the trailing 6-month period	4.31%	11.14%	-6.83%
Volatility (1Y) Calculated over the trailing 1-year period	8.83%	22.66%	-13.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.06%	23.68%	-16.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.02%	26.18%	-19.16%