SCOW vs. SPSM

Last updated Aug 4, 2026

SCOW (Pacer S&P SmallCap 600 Quality FCF Aristocrats ETF) and SPSM (State Street SPDR Portfolio S&P 600 Small Cap ETF) are both exchange-traded funds - SCOW is a Quality Factor fund tracking the S&P SmallCap 600 Quality FCF Aristocrats Index, while SPSM is a Small Cap Blend Equities fund tracking the S&P SmallCap 600 Index. Both are passively managed. Their correlation of 0.83 means they have usually moved in the same direction. SCOW charges 0.59%/yr vs 0.03%/yr for SPSM.

Performance

SCOW vs. SPSM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer S&P SmallCap 600 Quality FCF Aristocrats ETF (SCOW) and State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SCOW achieves a 18.11% return, which is significantly lower than SPSM's 23.56% return.

SCOW

• 1D: 1.67%
• 1M: 6.15%
• 6M: 16.56%
• YTD: 18.11%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

SPSM

• 1D: 1.63%
• 1M: 0.95%
• 6M: 15.76%
• YTD: 23.56%
• 1Y: 38.23%
• 3Y*: 14.54%
• 5Y*: 8.14%
• 10Y*: 10.87%
• ALL TIME*: 10.18%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SCOW Pacer S&P SmallCap 600 Quality FCF Aristocrats ETF	$5.78K	$23.09K	$32.06K
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF	$90.04M	$96.96M	$95.31M

SCOW vs. SPSM - Yearly Performance Comparison

	2026 (YTD)	2025
SCOW Pacer S&P SmallCap 600 Quality FCF Aristocrats ETF	18.11%	-2.05%
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF	23.56%	2.18%

Correlation

The correlation between SCOW and SPSM is 0.83, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 28, 2025	0.83

Return for Risk

SCOW vs. SPSM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SCOW

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

SPSM

SPSM Risk / Return Rank: 90
SPSM Sharpe Ratio Rank: 89
SPSM Sortino Ratio Rank: 90
SPSM Omega Ratio Rank: 87
SPSM Calmar Ratio Rank: 93
SPSM Martin Ratio Rank: 91

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SCOW vs. SPSM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer S&P SmallCap 600 Quality FCF Aristocrats ETF (SCOW) and State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM). 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.

	SCOW	SPSM	Difference
Sharpe ratio: Return per unit of total volatility	—	2.23	—
Sortino ratio: Return per unit of downside risk	—	3.23	—
Omega ratio: Gain probability vs. loss probability	—	1.39	—
Calmar ratio: Return relative to maximum drawdown	—	4.40	—
Martin ratio: Return relative to average drawdown	—	15.10	—

Drawdowns

SCOW vs. SPSM - Drawdown Comparison

The maximum SCOW drawdown since its inception was -10.09%, smaller than the maximum SPSM drawdown of -42.89%. Use the drawdown chart below to compare losses from any high point for SCOW and SPSM.

Drawdown Indicators

	SCOW	SPSM	Difference
Max Drawdown Largest peak-to-trough decline	-10.09%	-42.89%	+32.80%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.72%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-27.94%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-27.94%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-42.89%	—
Current Drawdown Current decline from peak	0.00%	-0.31%	+0.31%
Average Drawdown Average peak-to-trough decline	-2.76%	-7.84%	+5.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.54%	—

Volatility

Volatility by Period

	SCOW	SPSM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.75%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.70%	—
Volatility (1Y) Calculated over the trailing 1-year period	16.82%	17.24%	-0.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.82%	21.29%	-4.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.82%	22.95%	-6.13%

SCOW vs. SPSM - Expense Ratio Comparison

SCOW has a 0.59% expense ratio, which is higher than SPSM's 0.03% expense ratio.

Dividends

SCOW vs. SPSM - Dividend Comparison

SCOW's dividend yield for the trailing twelve months is around 0.36%, less than SPSM's 1.37% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SCOW Pacer S&P SmallCap 600 Quality FCF Aristocrats ETF	0.36%	0.17%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF	1.37%	1.62%	1.85%	1.61%	1.38%	1.40%	1.34%	1.58%	1.82%	1.51%	1.49%	2.37%

Frequently Asked Questions

Can I hold both SCOW and SPSM in my portfolio?

SCOW and SPSM have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SCOW or SPSM?

On fees, SPSM is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SCOW or SPSM?

SPSM is cheaper with a 0.03% expense ratio, compared with 0.59% for SCOW.

Which ETF pays a higher dividend yield, SCOW or SPSM?

SPSM has the higher dividend yield at 1.37%, compared with 0.36% for SCOW.

What is the main difference between SCOW and SPSM?

SCOW is categorized as Quality Factor, while SPSM is Small Cap Blend Equities. SCOW tracks S&P SmallCap 600 Quality FCF Aristocrats Index, while SPSM tracks S&P SmallCap 600 Index. They also come from different issuers: Pacer and State Street. Their fees differ too: 0.59% for SCOW and 0.03% for SPSM.