CALF vs IVV
Pacer US Small Cap Cash Cows ETF vs iShares Core S&P 500 ETF
Which is better, CALF or IVV?
Small Cap Value against Large Cap Blend.
IVV has a lower expense ratio. CALF led over 1Y, IVV over 3Y, 5Y and the full window. CALF is less concentrated, with 20.1% of the fund in its ten largest positions against 37.9%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CALF | IVV |
|---|---|---|
| Expense Ratio | 0.59% | 0.03%Best |
| AUM | $4.0B | $886.7B |
| Dividend Yield | 1.12% | 1.10% |
| Holdings | 200 | 508 |
| YTD Return | +28.28%Best | +13.39% |
| 1Y Return | +31.63%Best | +20.08% |
| 3Y Return (annualized) | +11.70% | +21.29%Best |
| 5Y Return (annualized) | +7.34% | +12.88%Best |
| Volatility (annualized) | 23.3% | 16.0%Best |
| Max Drawdown | -47.6% | -33.9%Best |
| $10,000 over 5 years | $14,250 | $18,327Best |
| Top 10 Weight | 20.1%Best | 37.9% |
| Fund Family | Pacer ETFs | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Small Cap Value | Large Cap Blend |
| Inception | Jun 16, 2017 | May 15, 2000 |
Volatility and max drawdown are measured over the window both funds cover: Jun 19, 2017 to Sep 4, 2026 (9.2 years).
CALF vs IVV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 9.2 years both funds cover.
CALF vs IVV Performance
Pacer US Small Cap Cash Cows ETF (CALF) is an ETF from Pacer ETFs and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year CALF returned +31.63% while IVV returned +20.08%. Year to date, CALF is up 28.28% versus a gain of 13.39% for IVV.
Over three years, CALF compounded at +11.70% per year against +21.29% for IVV; over five years the annualized figures are +7.34% and +12.88% respectively. Across the full 9-year window we track, IVV has the edge at +14.13% annualized vs +10.83%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CALF has been the more volatile fund, with annualized monthly volatility of 23.3% compared with 16.0% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -47.6% for CALF and -33.9% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CALF charges 0.59% per year while IVV charges 0.03%. On a $10,000 position that is $59 vs $3 annually, a gap of $56 per year that compounds over a long holding period. On income, CALF currently yields 1.12% against 1.10% for IVV.
Holdings Overlap
24.0% of CALF's money is in holdings IVV also owns. 0.4% of IVV's money is in holdings CALF also owns.
CALF and IVV share little of their money.
15 positions in common, counted across the 199 positions we hold weights for in CALF and 505 in IVV, against full books of 200 and 508.
What only one of them owns
Our book lists 482 positions for IVV that do not appear in our book for CALF (98.9% of the fund), and 179 for CALF that do not appear in IVV (72.8%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in CALF | Weight in IVV | Difference |
|---|---|---|---|
| EXPEExpedia Group Inc (consumer Discretionary) | 2.53% | 0.06% | 2.47% |
| OMCOmnicom Group Inc. | 1.94% | 0.04% | 1.90% |
| BIIBBiogen Inc. Com | 1.90% | 0.05% | 1.85% |
| EXEExpand Energy Corp | 1.91% | 0.03% | 1.88% |
| EQTEQT Corp. | 1.85% | 0.05% | 1.80% |
| LDOSLeidos Holdings, Inc. | 1.86% | 0.02% | 1.84% |
| GDDYGodaddy Inc. Class A | 1.80% | 0.02% | 1.78% |
| BBYBest Buy Co. Inc. | 1.65% | 0.02% | 1.63% |
| CFCf Industries Holdings Inc. | 1.63% | 0.03% | 1.60% |
| INCYIncyte Corp. | 1.48% | 0.03% | 1.45% |
24.0% of CALF is already inside IVV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CALF or IVV?
CALF has an expense ratio of 0.59% while IVV charges 0.03%. IVV is the cheaper option, by $56 a year on a $10,000 investment.
Which performed better, CALF or IVV?
Over the past year CALF returned +31.63% vs +20.08% for IVV, so CALF leads on 1-year performance. Over the longest common window we track (9 years), CALF annualized +10.83% vs +14.13% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CALF or IVV?
CALF has been the more volatile fund at 23.3% annualized versus 16.0% for IVV. Worst drawdown: CALF -47.6% vs IVV -33.9%.
Should I hold both CALF and IVV?
CALF and IVV have a monthly-return correlation of 0.78, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between CALF and IVV?
24.0% of CALF's money is in holdings IVV also owns. 0.4% of IVV's is in holdings CALF also owns. They hold 15 positions in common, counted across the 199 positions we hold weights for in CALF and 505 in IVV.
Which pays a higher dividend, CALF or IVV?
CALF yields 1.12% while IVV yields 1.10%, so CALF currently pays the higher dividend yield.
Is IVV better than CALF?
IVV has a lower expense ratio. CALF led over 1Y, IVV over 3Y, 5Y and the full window. CALF is less concentrated, with 20.1% of the fund in its ten largest positions against 37.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.