SLDP vs. CALF

Last updated Jun 23, 2026

SLDP (Solid Power, Inc.) is a stock, while CALF (Pacer US Small Cap Cash Cows 100 ETF) is Small Cap Blend Equities fund tracking the Pacer US Small Cap Cash Cows Index. Over the past 5 years, SLDP returned -23.27%/yr vs 3.73%/yr for CALF. At a 0.43 correlation, their price movements are largely independent.

Performance

SLDP vs. CALF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Solid Power, Inc. (SLDP) 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, SLDP achieves a -34.12% return, which is significantly lower than CALF's 10.59% return.

SLDP

• 1D: -2.44%
• 1M: -8.50%
• YTD: -34.12%
• 6M: -39.00%
• 1Y: 55.56%
• 3Y*: 7.72%
• 5Y*: -23.27%
• 10Y*: —

CALF

• 1D: -0.51%
• 1M: 0.44%
• YTD: 10.59%
• 6M: 8.95%
• 1Y: 25.83%
• 3Y*: 9.33%
• 5Y*: 3.73%
• 10Y*: —

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

SLDP vs. CALF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SLDP Solid Power, Inc.	-34.12%	124.87%	30.34%	-42.91%	-70.94%	-12.60%
CALF Pacer US Small Cap Cash Cows 100 ETF	10.59%	2.33%	-7.41%	35.43%	-15.20%	0.41%

Correlation

The correlation between SLDP and CALF is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (5Y) Calculated over the trailing 5-year period	0.43
Correlation (All Time) Calculated using the full available price history since May 18, 2021	0.43

The correlation between SLDP and CALF shifts across timeframes, from 0.32 (1 year) to 0.43 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

SLDP vs. CALF — Risk / Return Rank

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

SLDP

SLDP Risk / Return Rank: 62
SLDP Sharpe Ratio Rank: 59
SLDP Sortino Ratio Rank: 70
SLDP Omega Ratio Rank: 66
SLDP Calmar Ratio Rank: 60
SLDP Martin Ratio Rank: 55

CALF

CALF Risk / Return Rank: 58
CALF Sharpe Ratio Rank: 48
CALF Sortino Ratio Rank: 50
CALF Omega Ratio Rank: 46
CALF Calmar Ratio Rank: 82
CALF Martin Ratio Rank: 65

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.

SLDP vs. CALF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Solid Power, Inc. (SLDP) 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.

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.

	SLDP	CALF	Difference
Sharpe ratio: Return per unit of total volatility	0.49	1.62	-1.13
Sortino ratio: Return per unit of downside risk	1.65	2.37	-0.73
Omega ratio: Gain probability vs. loss probability	1.19	1.29	-0.09
Calmar ratio: Return relative to maximum drawdown	0.81	4.22	-3.41
Martin ratio: Return relative to average drawdown	1.26	11.59	-10.32

SLDP vs. CALF - Sharpe Ratio Comparison

The current SLDP Sharpe Ratio is 0.49, which is lower than the CALF Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of SLDP 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

SLDP vs. CALF - Drawdown Comparison

The maximum SLDP drawdown since its inception was -93.46%, which is greater than CALF's maximum drawdown of -47.58%. Use the drawdown chart below to compare losses from any high point for SLDP and CALF.

Drawdown Indicators

	SLDP	CALF	Difference
Max Drawdown Largest peak-to-trough decline	-93.46%	-47.58%	-45.88%
Max Drawdown (1Y) Largest decline over 1 year	-69.10%	-6.15%	-62.95%
Max Drawdown (3Y) Largest decline over 3 years	-69.51%	-34.22%	-35.29%
Max Drawdown (5Y) Largest decline over 5 years	-93.46%	-34.22%	-59.24%
Current Drawdown Current decline from peak	-80.24%	-4.33%	-75.91%
Average Drawdown Average peak-to-trough decline	-68.75%	-10.69%	-58.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	44.09%	2.23%	+41.86%

Volatility

SLDP vs. CALF - Volatility Comparison

Solid Power, Inc. (SLDP) has a higher volatility of 22.47% compared to Pacer US Small Cap Cash Cows 100 ETF (CALF) at 5.39%. This indicates that SLDP'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

	SLDP	CALF	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.47%	5.39%	+17.08%
Volatility (6M) Calculated over the trailing 6-month period	48.00%	10.92%	+37.08%
Volatility (1Y) Calculated over the trailing 1-year period	115.32%	16.05%	+99.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	86.70%	23.39%	+63.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	86.35%	25.97%	+60.38%

Dividends

SLDP vs. CALF - Dividend Comparison

SLDP has not paid dividends to shareholders, while CALF's dividend yield for the trailing twelve months is around 1.24%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CALF Pacer US Small Cap Cash Cows 100 ETF	1.24%	1.43%	1.07%	1.18%	0.85%	2.63%	0.82%	0.99%	1.39%	0.70%
SLDP Solid Power, Inc.	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 SLDP and CALF in my portfolio?

SLDP and CALF have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SLDP or CALF?

SLDP has higher volatility (22.47%) compared to CALF (5.39%). In terms of maximum drawdown, SLDP dropped -93.46% vs CALF's -47.58%.

Which has better risk-adjusted returns?

CALF currently has the higher Sharpe Ratio (1.62 vs 0.49), 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.