SROI vs. HERD

Last updated Jun 5, 2026

SROI (Calamos Antetokounmpo Global Sustainable Equities ETF) and HERD (Pacer Cash Cows Fund of Funds ETF) are both Global Equities funds. SROI is actively managed, while HERD is passively managed. Over the past 3 years, SROI returned 14.78%/yr vs 17.75%/yr for HERD. A 0.73 correlation means they provide meaningful diversification when combined. SROI charges 0.95%/yr vs 0.73%/yr for HERD.

Performance

SROI vs. HERD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Calamos Antetokounmpo Global Sustainable Equities ETF (SROI) and Pacer Cash Cows Fund of Funds ETF (HERD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SROI achieves a 11.41% return, which is significantly lower than HERD's 12.44% return.

SROI

• 1D: 0.31%
• 1M: 3.21%
• YTD: 11.41%
• 6M: 11.69%
• 1Y: 20.43%
• 3Y*: 14.78%
• 5Y*: —
• 10Y*: —

HERD

• 1D: 0.35%
• 1M: 2.67%
• YTD: 12.44%
• 6M: 13.23%
• 1Y: 29.57%
• 3Y*: 17.75%
• 5Y*: 10.03%
• 10Y*: —

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

SROI vs. HERD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SROI Calamos Antetokounmpo Global Sustainable Equities ETF	11.41%	16.36%	9.48%	9.18%
HERD Pacer Cash Cows Fund of Funds ETF	12.44%	19.07%	2.91%	13.40%

Correlation

The correlation between SROI and HERD is 0.76, 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	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (All Time) Calculated using the full available price history since Feb 7, 2023	0.73

The correlation between SROI and HERD has been stable across timeframes, ranging from 0.72 to 0.76 - a consistent structural relationship.

SROI vs. HERD - Sectors Allocation Comparison

Sectors	SROI	HERD
Technology	29.6%	18.0%
Industrials	18.1%	13.4%
Financial Services	13.6%	0.0%
Consumer Cyclical	9.2%	15.6%
Healthcare	8.8%	14.7%
Communication Services	7.4%	8.3%
Consumer Defensive	5.3%	8.2%
Basic Materials	4.4%	4.7%
Utilities	2.5%	0.8%
Real Estate	1.0%	0.3%
Energy	0.8%	15.9%

Return for Risk

SROI vs. HERD — Risk / Return Rank

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

SROI

SROI Risk / Return Rank: 45
SROI Sharpe Ratio Rank: 44
SROI Sortino Ratio Rank: 45
SROI Omega Ratio Rank: 44
SROI Calmar Ratio Rank: 42
SROI Martin Ratio Rank: 52

HERD

HERD Risk / Return Rank: 83
HERD Sharpe Ratio Rank: 80
HERD Sortino Ratio Rank: 81
HERD Omega Ratio Rank: 77
HERD Calmar Ratio Rank: 89
HERD Martin Ratio Rank: 86

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.

SROI vs. HERD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Calamos Antetokounmpo Global Sustainable Equities ETF (SROI) and Pacer Cash Cows Fund of Funds ETF (HERD). 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.

	SROI	HERD	Difference
Sharpe ratio: Return per unit of total volatility	1.53	2.56	-1.02
Sortino ratio: Return per unit of downside risk	2.22	3.58	-1.36
Omega ratio: Gain probability vs. loss probability	1.28	1.45	-0.18
Calmar ratio: Return relative to maximum drawdown	2.01	5.23	-3.22
Martin ratio: Return relative to average drawdown	8.67	17.88	-9.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SROI vs. HERD - Sharpe Ratio Comparison

The current SROI Sharpe Ratio is 1.53, which is lower than the HERD Sharpe Ratio of 2.56. The chart below compares the historical Sharpe Ratios of SROI and HERD, 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

	SROI	HERD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.53	2.56	-1.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.57	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.02	0.63	+0.39

Drawdowns

SROI vs. HERD - Drawdown Comparison

The maximum SROI drawdown since its inception was -15.38%, smaller than the maximum HERD drawdown of -39.41%. Use the drawdown chart below to compare losses from any high point for SROI and HERD.

Drawdown Indicators

	SROI	HERD	Difference
Max Drawdown Largest peak-to-trough decline	-15.38%	-39.41%	+24.03%
Max Drawdown (1Y) Largest decline over 1 year	-10.19%	-5.68%	-4.51%
Max Drawdown (3Y) Largest decline over 3 years	-15.38%	-18.90%	+3.52%
Max Drawdown (5Y) Largest decline over 5 years	—	-21.60%	—
Current Drawdown Current decline from peak	-0.40%	-0.33%	-0.07%
Average Drawdown Average peak-to-trough decline	-2.42%	-4.54%	+2.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.36%	1.66%	+0.70%

Volatility

SROI vs. HERD - Volatility Comparison

Calamos Antetokounmpo Global Sustainable Equities ETF (SROI) has a higher volatility of 3.92% compared to Pacer Cash Cows Fund of Funds ETF (HERD) at 2.75%. This indicates that SROI's price experiences larger fluctuations and is considered to be riskier than HERD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SROI	HERD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.92%	2.75%	+1.17%
Volatility (6M) Calculated over the trailing 6-month period	10.86%	7.74%	+3.12%
Volatility (1Y) Calculated over the trailing 1-year period	13.38%	11.61%	+1.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.86%	17.76%	-3.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.86%	20.49%	-6.63%

SROI vs. HERD - Expense Ratio Comparison

SROI has a 0.95% expense ratio, which is higher than HERD's 0.73% expense ratio.

Dividends

SROI vs. HERD - Dividend Comparison

SROI's dividend yield for the trailing twelve months is around 0.54%, less than HERD's 3.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
HERD Pacer Cash Cows Fund of Funds ETF	3.12%	3.75%	2.43%	2.54%	2.50%	2.02%	1.95%	1.69%
SROI Calamos Antetokounmpo Global Sustainable Equities ETF	0.54%	0.60%	0.68%	0.94%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SROI and HERD in my portfolio?

SROI and HERD have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SROI or HERD?

SROI has higher volatility (3.92%) compared to HERD (2.75%). In terms of maximum drawdown, SROI dropped -15.38% vs HERD's -39.41%.

Which ETF is better, SROI or HERD?

On 3-year performance, HERD leads with 17.75% vs 14.78% for SROI. On fees, HERD is cheaper at 0.73% per year. On volatility, HERD has been the lower-risk option at 2.75%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SROI or HERD?

Over the 3-year period, HERD has performed better with a 17.75% return vs 14.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SROI or HERD?

HERD is cheaper with a 0.73% expense ratio, compared with 0.95% for SROI.

Which ETF pays a higher dividend yield, SROI or HERD?

HERD has the higher dividend yield at 3.12%, compared with 0.54% for SROI.

What is the main difference between SROI and HERD?

They also come from different issuers: Calamos and Pacer. Their fees differ too: 0.95% for SROI and 0.73% for HERD.

Which has better risk-adjusted returns?

HERD currently has the higher Sharpe Ratio (2.56 vs 1.53), 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.