TSCSX vs. CALF

Last updated Apr 1, 2026

Compare and contrast key facts about Thrivent Small Cap Stock Fund Class S (TSCSX) and Pacer US Small Cap Cash Cows 100 ETF (CALF).

TSCSX is managed by Thrivent. It was launched on Jul 1, 1996. CALF is a passively managed fund by Pacer that tracks the performance of the Pacer US Small Cap Cash Cows Index. It was launched on Jun 16, 2017.

Performance

TSCSX vs. CALF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Thrivent Small Cap Stock Fund Class S (TSCSX) and Pacer US Small Cap Cash Cows 100 ETF (CALF). The values are adjusted to include any dividend payments, if applicable.

TSCSX vs. CALF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TSCSX Thrivent Small Cap Stock Fund Class S	-3.28%	2.36%	12.73%	12.47%	-10.94%	24.22%	22.87%	27.92%	-10.52%	10.72%
CALF Pacer US Small Cap Cash Cows 100 ETF	1.28%	2.33%	-7.41%	35.43%	-15.20%	40.68%	16.55%	18.18%	-10.06%	5.78%

Returns By Period

In the year-to-date period, TSCSX achieves a -3.28% return, which is significantly lower than CALF's 1.28% return.

TSCSX

• 1D: -1.17%
• 1M: -9.54%
• YTD: -3.28%
• 6M: -1.94%
• 1Y: 10.06%
• 3Y*: 6.13%
• 5Y*: 4.01%
• 10Y*: 11.51%

CALF

• 1D: 1.93%
• 1M: -2.56%
• YTD: 1.28%
• 6M: 3.41%
• 1Y: 21.42%
• 3Y*: 6.95%
• 5Y*: 3.17%
• 10Y*: —

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

TSCSX vs. CALF - Expense Ratio Comparison

TSCSX has a 0.80% expense ratio, which is higher than CALF's 0.59% expense ratio.

TSCSX

Thrivent Small Cap Stock Fund Class S

CALF

Pacer US Small Cap Cash Cows 100 ETF

Return for Risk

TSCSX vs. CALF — Risk / Return Rank

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

TSCSX

TSCSX Risk / Return Rank: 19
TSCSX Sharpe Ratio Rank: 18
TSCSX Sortino Ratio Rank: 20
TSCSX Omega Ratio Rank: 18
TSCSX Calmar Ratio Rank: 19
TSCSX Martin Ratio Rank: 20

CALF

CALF Risk / Return Rank: 59
CALF Sharpe Ratio Rank: 56
CALF Sortino Ratio Rank: 59
CALF Omega Ratio Rank: 60
CALF Calmar Ratio Rank: 56
CALF Martin Ratio Rank: 64

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.

TSCSX vs. CALF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Thrivent Small Cap Stock Fund Class S (TSCSX) 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.

	TSCSX	CALF	Difference
Sharpe ratio Return per unit of total volatility	0.46	0.95	-0.49
Sortino ratio Return per unit of downside risk	0.81	1.46	-0.65
Omega ratio Gain probability vs. loss probability	1.11	1.21	-0.11
Calmar ratio Return relative to maximum drawdown	0.56	1.32	-0.76
Martin ratio Return relative to average drawdown	2.01	6.03	-4.02
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TSCSX vs. CALF - Sharpe Ratio Comparison

The current TSCSX Sharpe Ratio is 0.46, which is lower than the CALF Sharpe Ratio of 0.95. The chart below compares the historical Sharpe Ratios of TSCSX and CALF, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TSCSX	CALF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.46	0.95	-0.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.19	0.13	+0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.52	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.32	+0.07

Correlation

The correlation between TSCSX 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.

Dividends

TSCSX vs. CALF - Dividend Comparison

TSCSX's dividend yield for the trailing twelve months is around 2.44%, more than CALF's 1.43% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TSCSX Thrivent Small Cap Stock Fund Class S	2.44%	2.36%	3.18%	0.46%	9.60%	11.33%	1.60%	8.72%	15.00%	6.68%	4.19%	8.34%
CALF Pacer US Small Cap Cash Cows 100 ETF	1.43%	1.43%	1.07%	1.18%	0.85%	2.63%	0.82%	0.99%	1.39%	0.70%	0.00%	0.00%

Drawdowns

TSCSX vs. CALF - Drawdown Comparison

The maximum TSCSX drawdown since its inception was -56.66%, which is greater than CALF's maximum drawdown of -47.58%. Use the drawdown chart below to compare losses from any high point for TSCSX and CALF.

Drawdown Indicators

	TSCSX	CALF	Difference
Max Drawdown Largest peak-to-trough decline	-56.66%	-47.58%	-9.08%
Max Drawdown (1Y) Largest decline over 1 year	-14.31%	-16.47%	+2.16%
Max Drawdown (5Y) Largest decline over 5 years	-27.04%	-34.22%	+7.18%
Max Drawdown (10Y) Largest decline over 10 years	-41.63%	—	—
Current Drawdown Current decline from peak	-11.36%	-6.40%	-4.96%
Average Drawdown Average peak-to-trough decline	-10.29%	-10.92%	+0.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.96%	3.60%	+0.36%

Volatility

TSCSX vs. CALF - Volatility Comparison

Thrivent Small Cap Stock Fund Class S (TSCSX) has a higher volatility of 6.31% compared to Pacer US Small Cap Cash Cows 100 ETF (CALF) at 4.25%. This indicates that TSCSX'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

	TSCSX	CALF	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.31%	4.25%	+2.06%
Volatility (6M) Calculated over the trailing 6-month period	12.48%	11.14%	+1.34%
Volatility (1Y) Calculated over the trailing 1-year period	22.16%	22.66%	-0.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.65%	23.68%	-2.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.08%	26.18%	-4.10%