SCDS vs. CALF

Last updated Jul 14, 2026

SCDS (JPMorgan Fundamental Data Science Small Core ETF) and CALF (Pacer US Small Cap Cash Cows ETF) are both exchange-traded funds - SCDS is a Small Cap Blend Equities fund actively managed by JPMorgan, while CALF is a Small Cap Value Equities fund tracking the Pacer US Small Cap Cash Cows Index. SCDS is actively managed, while CALF is passively managed. Over the past year, SCDS returned 37.35% vs 28.04% for CALF. A 0.78 correlation means they provide meaningful diversification when combined. SCDS charges 0.40%/yr vs 0.59%/yr for CALF.

Performance

SCDS vs. CALF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Fundamental Data Science Small Core ETF (SCDS) 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, SCDS achieves a 25.57% return, which is significantly higher than CALF's 17.73% return.

SCDS

• 1D: -0.66%
• 1M: 0.51%
• 6M: 19.41%
• YTD: 25.57%
• 1Y: 37.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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)

SCDS vs. CALF - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SCDS JPMorgan Fundamental Data Science Small Core ETF	25.57%	11.27%	7.26%
CALF Pacer US Small Cap Cash Cows ETF	17.73%	2.33%	1.92%

Correlation

The correlation between SCDS and CALF is 0.67, 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	0.67
Correlation (All Time) Calculated using the full available price history since Aug 8, 2024	0.78

The correlation between SCDS and CALF shifts across timeframes, from 0.67 (1 year) to 0.78 (all time), reflecting how their relationship changes across market environments.

SCDS vs. CALF - Sectors Allocation Comparison

Sectors	SCDS	CALF
Technology	23.8%	32.4%
Industrials	16.3%	5.4%
Financial Services	15.2%	0.2%
Healthcare	13.8%	9.7%
Consumer Cyclical	10.3%	28.5%
Real Estate	5.4%	1.5%
Energy	4.8%	8.9%
Basic Materials	3.2%	1.6%
Consumer Defensive	2.5%	3.6%
Communication Services	2.4%	8.3%
Utilities	2.3%	-

Return for Risk

SCDS vs. CALF — Risk / Return Rank

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

SCDS

SCDS Risk / Return Rank: 83
SCDS Sharpe Ratio Rank: 81
SCDS Sortino Ratio Rank: 83
SCDS Omega Ratio Rank: 75
SCDS Calmar Ratio Rank: 89
SCDS Martin Ratio Rank: 88

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.

SCDS vs. CALF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Fundamental Data Science Small Core ETF (SCDS) 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.

	SCDS	CALF	Difference
Sharpe ratio: Return per unit of total volatility	2.03	1.77	+0.26
Sortino ratio: Return per unit of downside risk	2.92	2.58	+0.35
Omega ratio: Gain probability vs. loss probability	1.35	1.31	+0.03
Calmar ratio: Return relative to maximum drawdown	4.24	4.58	-0.34
Martin ratio: Return relative to average drawdown	14.71	12.58	+2.13

SCDS vs. CALF - Sharpe Ratio Comparison

The current SCDS Sharpe Ratio is 2.03, which is comparable to the CALF Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of SCDS 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

SCDS vs. CALF - Drawdown Comparison

The maximum SCDS drawdown since its inception was -26.71%, smaller than the maximum CALF drawdown of -47.58%. Use the drawdown chart below to compare losses from any high point for SCDS and CALF.

Drawdown Indicators

	SCDS	CALF	Difference
Max Drawdown Largest peak-to-trough decline	-26.71%	-47.58%	+20.87%
Max Drawdown (1Y) Largest decline over 1 year	-8.85%	-6.15%	-2.70%
Max Drawdown (3Y) Largest decline over 3 years	—	-34.22%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-34.22%	—
Current Drawdown Current decline from peak	-2.09%	0.00%	-2.09%
Average Drawdown Average peak-to-trough decline	-5.04%	-10.63%	+5.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.55%	2.24%	+0.31%

Volatility

SCDS vs. CALF - Volatility Comparison

JPMorgan Fundamental Data Science Small Core ETF (SCDS) and Pacer US Small Cap Cash Cows ETF (CALF) have volatilities of 4.72% and 4.71%, 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

	SCDS	CALF	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.72%	4.71%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	13.60%	11.17%	+2.43%
Volatility (1Y) Calculated over the trailing 1-year period	18.49%	15.94%	+2.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.04%	23.29%	-2.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.04%	25.92%	-4.88%

SCDS vs. CALF - Expense Ratio Comparison

SCDS has a 0.40% expense ratio, which is lower than CALF's 0.59% expense ratio.

Dividends

SCDS vs. CALF - Dividend Comparison

SCDS's dividend yield for the trailing twelve months is around 0.92%, less 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%
SCDS JPMorgan Fundamental Data Science Small Core ETF	0.92%	1.15%	0.42%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SCDS and CALF in my portfolio?

SCDS and CALF have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SCDS or CALF?

SCDS has higher volatility (4.72%) compared to CALF (4.71%). In terms of maximum drawdown, SCDS dropped -26.71% vs CALF's -47.58%.

Which ETF is better, SCDS or CALF?

On 1-year performance, SCDS leads with 37.35% vs 28.04% for CALF. On fees, SCDS is cheaper at 0.40% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SCDS or CALF?

Over the 1-year period, SCDS has performed better with a 37.35% return vs 28.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SCDS or CALF?

SCDS is cheaper with a 0.40% expense ratio, compared with 0.59% for CALF.

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

CALF has the higher dividend yield at 1.17%, compared with 0.92% for SCDS.

What is the main difference between SCDS and CALF?

SCDS is categorized as Small Cap Blend Equities, while CALF is Small Cap Value Equities. They also come from different issuers: JPMorgan and Pacer. Their fees differ too: 0.40% for SCDS and 0.59% for CALF.

Which has better risk-adjusted returns?

SCDS currently has the higher Sharpe Ratio (2.03 vs 1.77), 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.