YLDE vs. CALF
YLDE (ClearBridge Dividend Strategy ESG ETF) and CALF (Pacer US Small Cap Cash Cows ETF) are both exchange-traded funds - YLDE is a Dividend fund actively managed by Franklin Templeton, while CALF is a Small Cap Value Equities fund tracking the Pacer US Small Cap Cash Cows Index. YLDE is actively managed, while CALF is passively managed. Over the past 5 years, YLDE returned 10.45%/yr vs 6.29%/yr for CALF. Their 0.57 correlation means they have sometimes moved together and sometimes differently. YLDE charges 0.60%/yr vs 0.59%/yr for CALF.
Performance
YLDE vs. CALF - Performance Comparison
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Returns By Period
In the year-to-date period, YLDE achieves a 9.35% return, which is significantly lower than CALF's 22.50% return.
YLDE
- 1D
- 0.07%
- 1M
- 1.44%
- 6M
- 6.07%
- YTD
- 9.35%
- 1Y
- 18.10%
- 3Y*
- 14.32%
- 5Y*
- 10.45%
- 10Y*
- —
- ALL TIME*
- 12.09%
CALF
- 1D
- -0.40%
- 1M
- 4.89%
- 6M
- 19.77%
- YTD
- 22.50%
- 1Y
- 39.59%
- 3Y*
- 8.57%
- 5Y*
- 6.29%
- 10Y*
- —
- ALL TIME*
- 10.37%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $20.38M | $24.48M | $25.33M | |
| $703.80K | $730.06K | $767.23K |
YLDE vs. CALF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
YLDE ClearBridge Dividend Strategy ESG ETF | 9.35% | 13.09% | 16.44% | 15.69% | -8.56% | 22.12% | 10.35% | 32.46% | -5.74% | 9.35% |
CALF Pacer US Small Cap Cash Cows ETF | 22.50% | 2.33% | -7.41% | 35.43% | -15.20% | 40.68% | 16.55% | 18.18% | -10.06% | 5.78% |
Correlation
The correlation between YLDE and CALF is 0.59, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.59 |
Correlation (3Y) Balances recent behavior with more history. | 0.67 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.68 |
Correlation (All Time) Calculated using the full available price history since Jun 19, 2017 | 0.57 |
The correlation between YLDE and CALF shifts across timeframes, from 0.57 (all time) to 0.68 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
YLDE vs. CALF — Risk / Return Rank
YLDE
CALF
YLDE vs. CALF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ClearBridge Dividend Strategy ESG ETF (YLDE) and Pacer US Small Cap Cash Cows 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.
| YLDE | CALF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.40 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.31 | 6.13 | -3.82 |
| Martin ratioReturn relative to average drawdown | 8.45 | 17.68 | -9.23 |
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Drawdowns
YLDE vs. CALF - Drawdown Comparison
The maximum YLDE drawdown since its inception was -33.23%, smaller than the maximum CALF drawdown of -47.58%. Use the drawdown chart below to compare losses from any high point for YLDE and CALF.
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Drawdown Indicators
| YLDE | CALF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.23% | -47.58% | +14.35% |
Max Drawdown (1Y)Largest decline over 1 year | -7.59% | -6.02% | -1.57% |
Max Drawdown (3Y)Largest decline over 3 years | -11.42% | -34.22% | +22.80% |
Max Drawdown (5Y)Largest decline over 5 years | -20.22% | -34.22% | +14.00% |
Current DrawdownCurrent decline from peak | -0.90% | -1.88% | +0.98% |
Average DrawdownAverage peak-to-trough decline | -3.51% | -10.57% | +7.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 2.09% | -0.02% |
Volatility
YLDE vs. CALF - Volatility Comparison
The current volatility for ClearBridge Dividend Strategy ESG ETF (YLDE) is 3.36%, while Pacer US Small Cap Cash Cows ETF (CALF) has a volatility of 5.09%. This indicates that YLDE 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.
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Volatility by Period
| YLDE | CALF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.36% | 5.09% | -1.73% |
Volatility (6M)Calculated over the trailing 6-month period | 7.12% | 11.64% | -4.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.52% | 16.13% | -6.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.54% | 23.23% | -9.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.68% | 25.89% | -10.21% |
YLDE vs. CALF - Expense Ratio Comparison
YLDE has a 0.60% expense ratio, which is higher than CALF's 0.59% expense ratio.
Dividends
YLDE vs. CALF - Dividend Comparison
YLDE's dividend yield for the trailing twelve months is around 6.39%, more than CALF's 1.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CALF Pacer US Small Cap Cash Cows ETF | 1.12% | 1.43% | 1.07% | 1.18% | 0.85% | 2.63% | 0.82% | 0.99% | 1.39% | 0.70% |
YLDE ClearBridge Dividend Strategy ESG ETF | 5.93% | 5.68% | 1.69% | 1.64% | 1.68% | 1.15% | 1.46% | 1.65% | 2.25% | 1.31% |
Frequently Asked Questions
YLDE and CALF have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CALF has higher volatility (5.09%) compared to YLDE (3.36%). In terms of maximum drawdown, YLDE dropped -33.23% vs CALF's -47.58%.
On 5-year performance, YLDE leads with 10.45% vs 6.29% for CALF. On fees, CALF is cheaper at 0.59% per year. On volatility, YLDE has been the lower-risk option at 3.36%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, YLDE has performed better with a 10.45% return vs 6.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CALF is cheaper with a 0.59% expense ratio, compared with 0.60% for YLDE.
YLDE has the higher dividend yield at 5.93%, compared with 1.12% for CALF.
YLDE is categorized as Dividend, while CALF is Small Cap Value Equities. They also come from different issuers: Franklin Templeton and Pacer. Their fees differ too: 0.60% for YLDE and 0.59% for CALF.
CALF currently has the higher Sharpe Ratio (2.30 vs 1.84), 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.
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