Is Pacer US Small Cap Cash Cows ETF (CALF) a Strong ETF Right Now?

The Pacer US Small Cap Cash Cows ETF (CALF) made its debut on 06/16/2017, and is a smart beta exchange traded fund that provides broad exposure to the Style Box - Small Cap Value category of the market.

Zacks Investment Research • Nov 24, 2025

CALF: Improved Strategy, But Momentum Is Driving This Small-Cap Cash Cows ETF

The Pacer US Small Cap Cash Cows 100 ETF underwent a strategy change earlier this year and has seen solid results since, delivering returns near the top of its category. CALF now selects double the number of stocks based on free cash flow yield (200 vs. 100) and has a new selection universe that includes 2500+ small and mid-cap companies. CALF's high quality and cheap valuations remain. The ETF now features 15.21% free cash flow margins and an 11.66x P/E - a mix that beats peers like AVUV and IWN.

Seeking Alpha • Nov 18, 2025

CALF: Overpaying For A Smart Beta Strategy That Lags The S&P 600

The Pacer US Small Cap Cash Cows ETF is rated Hold, due to high fees and lack of clear outperformance, versus cheaper alternatives. CALF's strategy of selecting high free cash flow small-caps results in sector concentration, high turnover, and elevated risk compared to IJR. The fund's performance is inconsistent, with higher volatility and no compelling risk-adjusted returns to justify its 0.59% expense ratio.

Seeking Alpha • Nov 18, 2025

Should Pacer US Small Cap Cash Cows ETF (CALF) Be on Your Investing Radar?

Designed to provide broad exposure to the Small Cap Value segment of the US equity market, the Pacer US Small Cap Cash Cows ETF (CALF) is a passively managed exchange traded fund launched on June 16, 2017.

Zacks Investment Research • Nov 11, 2025

Here's to a Second $1 Trillion Year for ETFs

It's October, and ETFs are closing in on the $1 trillion mark for net inflows in 2025 (We have $997 billion as of October 9). This is a monumental achievement given this milestone was first crossed in a calendar year only last December.

ETF Trends • Oct 10, 2025

Six of the Best Small-Cap ETFs to Buy Now

It's been a rough stretch for small-cap ETFs, but the clouds appear to be parting. Here are six we like.

Kiplinger • Sep 19, 2025

CALF: Low Valuation, Performance Subdued

CALF targets small-cap companies with strong free cash flow yields, offering a differentiated, low-valuation, and profitable portfolio versus traditional value ETFs. The fund is heavily overweight in consumer discretionary and energy, but lacks exposure to financial services, impacting dividend yield. Despite appealing valuations and profitability, CALF has underperformed peers and benchmarks over time, with higher expense ratios and weaker risk-adjusted returns.

Seeking Alpha • Aug 28, 2025

CALF: Small Consumer Discretionary Stocks Perking Up, And That's Bullish

CALF's largest sector exposure is Consumer Discretionary, which is showing strong momentum versus Consumer Staples, supporting a bullish outlook. Despite recent underperformance, CALF's low valuation, high free cash flow yield, and improving technicals make it attractive for the rest of 2024. The ETF is cheap with a P/E under 11x and a PEG ratio well below the S&P 500, offering solid long-term EPS growth.

Seeking Alpha • Aug 28, 2025

CALF: This Struggling Cash Cows ETF Needed A Strategy Change - And It Got One

CALF has been one of the worst-performing small-cap value funds over the last two years. Something had to change, and fortunately, an update to the Index methodology occurred in March. At first glance, the main change was selecting 200 stocks instead of 100, which naturally improved diversification. However, CALF's Index also widened its selection universe from 600 to 2,500 stocks. As a result, CALF functions more like a small/mid-cap ETF compared to dedicated small-cap value peers like IJS, AVUV, SFLO, and USVM.

Seeking Alpha • Jun 13, 2025

COWZ vs CALF vs BUL: Which free cash flow ETF is better to buy?

Exchange-traded funds (ETFs) by Pacer have become popular among value investors. In addition to their unique names, some of these funds are highly uncorrelated to the broader market.

Invezz • Mar 25, 2025