PSFJ vs. CALF

Last updated Jun 4, 2026

PSFJ (Pacer Swan SOS Flex (July) ETF) and CALF (Pacer US Small Cap Cash Cows 100 ETF) are both exchange-traded funds - PSFJ is a Defined Outcome fund actively managed by Pacer, while CALF is a Small Cap Blend Equities fund tracking the Pacer US Small Cap Cash Cows Index. PSFJ is actively managed, while CALF is passively managed. Over the past 3 years, PSFJ returned 15.35%/yr vs 10.69%/yr for CALF. A 0.67 correlation means they provide meaningful diversification when combined. PSFJ charges 0.61%/yr vs 0.59%/yr for CALF.

Performance

PSFJ vs. CALF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer Swan SOS Flex (July) ETF (PSFJ) 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, PSFJ achieves a 5.52% return, which is significantly lower than CALF's 13.34% return.

PSFJ

• 1D: -0.01%
• 1M: 1.64%
• YTD: 5.52%
• 6M: 6.21%
• 1Y: 17.26%
• 3Y*: 15.35%
• 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)

PSFJ vs. CALF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
PSFJ Pacer Swan SOS Flex (July) ETF	5.52%	13.75%	16.08%	20.25%	-3.81%	5.37%
CALF Pacer US Small Cap Cash Cows 100 ETF	13.34%	2.33%	-7.41%	35.43%	-15.20%	-2.59%

Correlation

The correlation between PSFJ and CALF is 0.55, 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	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (All Time) Calculated using the full available price history since Jul 2, 2021	0.67

The correlation between PSFJ and CALF shifts across timeframes, from 0.55 (1 year) to 0.67 (all time), reflecting how their relationship changes across market environments.

PSFJ vs. CALF - Sectors Allocation Comparison

Sectors	PSFJ	CALF
Technology	36.2%	29.7%
Financial Services	11.9%	0.2%
Communication Services	10.9%	8.8%
Consumer Cyclical	10.1%	28.3%
Healthcare	8.4%	9.4%
Industrials	8.1%	5.9%
Consumer Defensive	4.9%	4.3%
Energy	3.5%	10.3%
Utilities	2.3%	-
Real Estate	1.9%	1.6%
Basic Materials	1.8%	1.6%

Return for Risk

PSFJ vs. CALF — Risk / Return Rank

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

PSFJ

PSFJ Risk / Return Rank: 84
PSFJ Sharpe Ratio Rank: 82
PSFJ Sortino Ratio Rank: 88
PSFJ Omega Ratio Rank: 87
PSFJ Calmar Ratio Rank: 76
PSFJ Martin Ratio Rank: 89

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.

PSFJ vs. CALF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Swan SOS Flex (July) ETF (PSFJ) 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.

	PSFJ	CALF	Difference
Sharpe ratio: Return per unit of total volatility	2.65	1.93	+0.72
Sortino ratio: Return per unit of downside risk	4.00	2.82	+1.18
Omega ratio: Gain probability vs. loss probability	1.54	1.34	+0.20
Calmar ratio: Return relative to maximum drawdown	3.80	4.94	-1.14
Martin ratio: Return relative to average drawdown	20.28	14.08	+6.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PSFJ vs. CALF - Sharpe Ratio Comparison

The current PSFJ Sharpe Ratio is 2.65, which is higher than the CALF Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of PSFJ 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

	PSFJ	CALF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.65	1.93	+0.72
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.18	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.10	0.37	+0.73

Drawdowns

PSFJ vs. CALF - Drawdown Comparison

The maximum PSFJ drawdown since its inception was -12.20%, smaller than the maximum CALF drawdown of -47.58%. Use the drawdown chart below to compare losses from any high point for PSFJ and CALF.

Drawdown Indicators

	PSFJ	CALF	Difference
Max Drawdown Largest peak-to-trough decline	-12.20%	-47.58%	+35.38%
Max Drawdown (1Y) Largest decline over 1 year	-4.56%	-6.15%	+1.59%
Max Drawdown (3Y) Largest decline over 3 years	-12.20%	-34.22%	+22.02%
Max Drawdown (5Y) Largest decline over 5 years	—	-34.22%	—
Current Drawdown Current decline from peak	-0.01%	-1.95%	+1.94%
Average Drawdown Average peak-to-trough decline	-1.78%	-10.74%	+8.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.85%	2.15%	-1.30%

Volatility

PSFJ vs. CALF - Volatility Comparison

The current volatility for Pacer Swan SOS Flex (July) ETF (PSFJ) is 0.57%, while Pacer US Small Cap Cash Cows 100 ETF (CALF) has a volatility of 4.92%. This indicates that PSFJ 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

	PSFJ	CALF	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.57%	4.92%	-4.35%
Volatility (6M) Calculated over the trailing 6-month period	4.61%	10.47%	-5.86%
Volatility (1Y) Calculated over the trailing 1-year period	6.55%	15.84%	-9.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.36%	23.44%	-13.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.36%	26.02%	-15.66%

PSFJ vs. CALF - Expense Ratio Comparison

PSFJ has a 0.61% expense ratio, which is higher than CALF's 0.59% expense ratio.

Dividends

PSFJ vs. CALF - Dividend Comparison

PSFJ has not paid dividends to shareholders, while CALF's dividend yield for the trailing twelve months is around 1.28%.

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%
PSFJ Pacer Swan SOS Flex (July) ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PSFJ and CALF in my portfolio?

PSFJ and CALF have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PSFJ or CALF?

CALF has higher volatility (4.92%) compared to PSFJ (0.57%). In terms of maximum drawdown, PSFJ dropped -12.20% vs CALF's -47.58%.

Which ETF is better, PSFJ or CALF?

On 3-year performance, PSFJ leads with 15.35% vs 10.69% for CALF. On fees, CALF is cheaper at 0.59% per year. On volatility, PSFJ has been the lower-risk option at 0.57%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PSFJ or CALF?

Over the 3-year period, PSFJ has performed better with a 15.35% return vs 10.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PSFJ or CALF?

CALF is cheaper with a 0.59% expense ratio, compared with 0.61% for PSFJ.

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

CALF has the higher dividend yield at 1.28%, compared with 0.00% for PSFJ.

What is the main difference between PSFJ and CALF?

PSFJ is categorized as Defined Outcome, while CALF is Small Cap Blend Equities. Their fees differ too: 0.61% for PSFJ and 0.59% for CALF.

Which has better risk-adjusted returns?

PSFJ currently has the higher Sharpe Ratio (2.65 vs 1.93), 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.