Data as of Oct 28, 2026.
CALF vs RWJ: Differences, Returns & Fees
Over the year to Oct 28, 2026, CALF returned +33.4% to RWJ's +21.2%; 14% of their weight is in the same names.
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Net assets on Oct 27, 2026: $3.8bn for Pacer US Small Cap Cash Cows ETF and $2.0bn for Invesco S&P SmallCap 600 Revenue ETF.
Pair scorecard
RWJ costs 0.20 points a year less; their one-year returns differ by 12.2 points; CALF is 1.9 times larger.
| Measure | CALF | RWJ |
|---|---|---|
| Return | ||
| Total return, 1 year | +33.4% | +21.2% |
| Drawdown | ||
| Below its high | 6.9%, high on Aug 4, 2026 | |
| Benchmark | ||
| What it tracks | Pacer US Small Cap Cash Cows Index | S&P SmallCap 600 Revenue-Weighted Index |
| Cost and size | ||
| Expense ratio | 0.59% | 0.39% |
| Net assets, as of Oct 27, 2026 | $3.8bn | $2.0bn |
| Holdings | ||
| Holdings in common | 14% | |
| Top ten holdings, share of the fund | 20.3% | 14.4% |
Holdings in common uses holdings dated Jul 31, 2026 and Oct 27, 2026. Method
Risk and return
Jun 30, 2017 to Oct 23, 2026 · 486 weekly returnsRWJ returned more: +194.5% to +157.0%. CALF and RWJ swung about the same: 25.4% and 25.9%. CALF fell slightly less at its worst: −46.8% to −50.3%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | CALF | RWJ | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +157.0% | +194.5% | RWJ | Price change plus distributions, reinvested. |
| Annualized | +10.6% | +12.3% | RWJ | Total return as a yearly rate. |
| Price return | +127.4% | +163.2% | RWJ | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 25.4% | 25.9% | Tie | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 17.2% | 17.5% | CALF (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −46.8% | −50.3% | CALF (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.42 | 0.47 | RWJ | Return above Treasury bills per unit of volatility. |
| Sortino | 0.62 | 0.70 | RWJ | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.23 | 0.24 | RWJ (slight) | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 486 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, CALF and RWJ hold 14% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Oct 27, 2026.
half
14% in common
Only in one fund ↓
Side by side
CALF and RWJ on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
CALF and RWJ are built for the same job. How do they differ in cost, holdings and results?
- What each follows. CALF follows Pacer US Small Cap Cash Cows Index and RWJ follows S&P SmallCap 600 Revenue-Weighted Index.
- Holdings in common. 14% of the weight is in the same securities (holdings dated Jul 31, 2026 and Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 CALF returned +33.4% and RWJ +21.2% with distributions reinvested, a gap of 12.2 points.
Data as of Oct 28, 2026.
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CALF
CALF tracks an index. Over the year to Oct 28, 2026 it returned +33.4% with distributions reinvested. The prospectus expense ratio is 0.59% a year. By its holdings filed for Jul 31, 2026, 24% of the fund by weight is stocks the S&P 500 also holds, across 198 positions, with the top ten at 20.3%.
RWJ
RWJ tracks an index. Over the year to Oct 28, 2026 it returned +21.2% with distributions reinvested. The prospectus expense ratio is 0.39% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 604 positions, with the top ten at 14.4%. It sat 6.9% below its high of Aug 4, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, CALF or RWJ?
- In the year to Oct 28, 2026, with distributions reinvested, CALF returned +33.4% and RWJ +21.2%.
- Which is cheaper, CALF or RWJ?
- RWJ is cheaper, by 0.20 percentage points a year. That is about $20 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, CALF against RWJ, data as of Oct 28, 2026. https://etfiq.com/compare/any/calf-vs-rwj
ETFIQ. (Oct 28, 2026). CALF against RWJ. Retrieved from https://etfiq.com/compare/any/calf-vs-rwj
[CALF against RWJ (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/calf-vs-rwj)
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