SMOT vs. CALF
Compare and contrast key facts about VanEck Morningstar SMID Moat ETF (SMOT) and Pacer US Small Cap Cash Cows 100 ETF (CALF).
SMOT and CALF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SMOT is a passively managed fund by VanEck that tracks the performance of the Morningstar US Small-Mid Cap Moat Focus. It was launched on Oct 4, 2022. CALF is a passively managed fund by Pacer Advisors that tracks the performance of the Pacer US Small Cap Cash Cows Index. It was launched on Jun 16, 2017. Both SMOT and CALF are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SMOT or CALF.
Key characteristics
| SMOT | CALF | |
|---|---|---|
| YTD Return | 15.65% | 0.73% |
| 1Y Return | 35.72% | 18.60% |
| Sharpe Ratio | 2.23 | 0.85 |
| Sortino Ratio | 3.13 | 1.39 |
| Omega Ratio | 1.39 | 1.16 |
| Calmar Ratio | 2.62 | 1.32 |
| Martin Ratio | 9.71 | 3.02 |
| Ulcer Index | 3.65% | 6.08% |
| Daily Std Dev | 15.84% | 21.65% |
| Max Drawdown | -17.29% | -47.58% |
| Current Drawdown | -0.87% | -1.75% |
Correlation
The correlation between SMOT and CALF is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SMOT vs. CALF - Performance Comparison
In the year-to-date period, SMOT achieves a 15.65% return, which is significantly higher than CALF's 0.73% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SMOT vs. CALF - Expense Ratio Comparison
SMOT has a 0.49% expense ratio, which is lower than CALF's 0.59% expense ratio.
Risk-Adjusted Performance
SMOT vs. CALF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar SMID Moat ETF (SMOT) 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.
Dividends
SMOT vs. CALF - Dividend Comparison
SMOT's dividend yield for the trailing twelve months is around 0.57%, less than CALF's 1.03% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
SMOT VanEck Morningstar SMID Moat ETF | 0.57% | 0.65% | 0.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CALF Pacer US Small Cap Cash Cows 100 ETF | 1.03% | 1.18% | 0.85% | 2.63% | 0.82% | 0.99% | 1.39% | 0.70% |
Drawdowns
SMOT vs. CALF - Drawdown Comparison
The maximum SMOT drawdown since its inception was -17.29%, smaller than the maximum CALF drawdown of -47.58%. Use the drawdown chart below to compare losses from any high point for SMOT and CALF. For additional features, visit the drawdowns tool.
Volatility
SMOT vs. CALF - Volatility Comparison
The current volatility for VanEck Morningstar SMID Moat ETF (SMOT) is 4.05%, while Pacer US Small Cap Cash Cows 100 ETF (CALF) has a volatility of 7.50%. This indicates that SMOT 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.