Pacer US Small Cap Cash Cows ETF (CALF)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Pacer US Small Cap Cash Cows ETF (CALF) trades at $51.72 with AI Score 47/100 (Grade C). Pacer US Small Cap Cash Cows ETF (CALF) is a strategy-driven exchange-traded fund focused on capital appreciation. Market cap: $3.51B, Sector: Financial services.
Price live · AI analysis from Mar 17, 2026Analyst Coverage for CALF: CALF does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates CALF against Financial Services peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
CALF: the 1 perspectives are evenly split.
How is this calculated? →Pacer US Small Cap Cash Cows ETF (CALF) Financial Services Profile
Pacer US Small Cap Cash Cows ETF (CALF) is a passively managed fund targeting U.S. small-cap companies with high free cash flow yield. By focusing on profitable, cash-generating businesses within the S&P SmallCap index, CALF offers investors exposure to potentially undervalued companies in the financial services sector.
What Is the Investment Thesis for CALF?
CALF presents an investment opportunity centered on the value factor within the small-cap universe. The fund's focus on free cash flow yield aims to capture potentially undervalued companies with strong financial health. With a market capitalization of $3.51B and a beta of 1.15, CALF provides exposure to a segment of the market that may offer higher growth potential compared to large-cap stocks, albeit with potentially higher volatility. The fund's success hinges on the continued outperformance of companies with high free cash flow yield and the ability of the small-cap segment to deliver capital appreciation. The absence of a dividend yield means that returns are solely dependent on price appreciation.
Based on FMP financials and quantitative analysis
CALF Key Highlights
- Market Cap of $3.51B indicates a significant presence in the small-cap ETF market.
- Beta of 1.15 suggests CALF is slightly more volatile than the overall market.
- Focus on free cash flow yield provides exposure to potentially undervalued companies.
- Strategy-driven ETF offers a rules-based approach to small-cap investing.
- Absence of dividend yield means returns are solely dependent on capital appreciation.
Who Are CALF's Competitors?
CALF is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| BBEU JPMorgan BetaBuilders Europe ETF | $78.80 | +0.45% | $4.59B | 44 |
| DFIS Dimensional - International Small Cap ETF | $35.93 | +1.15% | $6.04B | 47 |
| DFLV Dimensional - US Large Cap Value ETF | $39.80 | +0.24% | $6.22B | 47 |
| DON WisdomTree U.S. MidCap Dividend Fund | $56.77 | +0.04% | $3.87B | 46 |
| DXJ WisdomTree Japan Hedged Equity Fund | $179.33 | +2.63% | $7.35B | 47 |
| NXDT NexPoint Diversified Real Estate Trust | $5.53 | +3.08% | $285.77M | 73 |
| GENB Generate Biomedicines, Inc. | $17.03 | -2.18% | $2.18B | 72 |
| SII Sprott Inc. | $118.11 | +2.72% | $3.05B | 71 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are CALF's Key Strengths?
- Focus on free cash flow yield
- Rules-based methodology
- Transparent investment strategy
- Exposure to the small-cap market
What Are CALF's Weaknesses?
- Absence of dividend yield
- Potential for higher volatility compared to large-cap stocks
- Dependence on the performance of value stocks
- Relatively high beta of 1.15
What Could Drive CALF Stock Higher?
- Continued growth in the ETF market and increased adoption of factor-based investing.
- Potential outperformance of value stocks relative to growth stocks.
- Strategic partnerships to expand distribution and increase AUM.
What Are the Key Risks for CALF?
- Market downturns and economic recessions could negatively impact fund performance.
- Increased competition in the ETF market could put pressure on management fees.
- Changes in investor sentiment towards value stocks could lead to outflows.
- Small-cap stocks can be more volatile than large-cap stocks, leading to greater price fluctuations.
What Are the Growth Opportunities for CALF?
- Increased Adoption of Factor-Based Investing: The growing popularity of factor-based investing, where strategies target specific investment characteristics like value or quality, presents a significant growth opportunity for CALF. As investors increasingly allocate capital to ETFs that screen for specific factors, CALF's focus on free cash flow yield positions it to attract a larger share of assets. The market for factor-based ETFs is projected to continue expanding, offering a favorable backdrop for CALF's growth. Timeline: Ongoing.
- Expansion of ETF Market: The overall ETF market continues to experience robust growth, driven by factors such as lower costs, greater transparency, and increased accessibility. As more investors, including institutional investors, allocate capital to ETFs, CALF stands to benefit from this trend. The increasing adoption of ETFs as core portfolio building blocks creates a larger pool of potential investors for CALF. Timeline: Ongoing.
- Outperformance of Value Strategies: If value stocks, particularly within the small-cap segment, begin to outperform growth stocks, CALF could experience increased inflows and improved performance. A shift in market sentiment towards value investing would make CALF's focus on free cash flow yield more attractive to investors seeking undervalued companies. Timeline: Dependent on market cycles.
- Strategic Partnerships and Distribution Agreements: Pacer Funds could pursue strategic partnerships with financial advisors, brokerage firms, or other institutions to expand the distribution of CALF. Increased visibility and accessibility through these partnerships could lead to higher inflows and greater market penetration. Timeline: 1-3 years.
- Development of Similar ETFs Targeting Different Market Segments: Building on the success of CALF, Pacer Funds could develop similar ETFs that apply the free cash flow yield strategy to other market segments, such as mid-cap or international equities. This would allow the company to leverage its expertise and brand recognition to capture additional market share in the ETF space. Timeline: 2-5 years.
What Opportunities Does CALF Have?
- Increased adoption of factor-based investing
- Expansion of the ETF market
- Outperformance of value strategies
- Strategic partnerships and distribution agreements
What Threats Does CALF Face?
- Increased competition in the ETF market
- Market downturns and economic recessions
- Changes in investor sentiment towards value stocks
- Regulatory changes affecting the ETF industry
What Are CALF's Competitive Advantages?
- Rules-based methodology provides transparency and predictability.
- Focus on free cash flow yield differentiates it from broad market small-cap ETFs.
- Established track record and brand recognition within the Pacer Funds ETF family.
What Does CALF Do?
Pacer US Small Cap Cash Cows ETF (CALF) is a strategy-driven exchange-traded fund (ETF) engineered to deliver capital appreciation over the long term. The fund's investment strategy revolves around identifying and investing in the top 200 small-cap companies within the S&P US SmallCap index that exhibit the highest free cash flow yield. This approach aims to capture companies that are not only profitable but also generate substantial cash, potentially indicating financial health and the ability to reinvest in growth or return capital to shareholders. The ETF was created to provide investors with a targeted exposure to the small-cap segment of the U.S. equity market, emphasizing companies with strong cash-generating capabilities. By focusing on free cash flow yield, CALF seeks to identify companies that may be undervalued relative to their cash-generating potential. The fund's composition is rebalanced periodically to ensure that it continues to hold the 200 small-cap companies with the highest free cash flow yield, adapting to changes in market conditions and company performance. CALF is available to investors seeking a rules-based, transparent approach to investing in small-cap companies with a focus on financial strength and value.
What Products and Services Does CALF Offer?
- Screens the S&P US SmallCap index for companies with high free cash flow yield.
- Invests in the top 200 small-cap companies based on free cash flow yield.
- Provides investors with exposure to potentially undervalued companies.
- Offers a rules-based, transparent approach to small-cap investing.
- Rebalances the portfolio periodically to maintain its focus on high free cash flow yield companies.
- Seeks to deliver capital appreciation over the long term.
How Does CALF Make Money?
- Generates revenue through management fees charged on assets under management (AUM).
- Attracts investors seeking exposure to small-cap companies with strong cash flow.
- Utilizes a passive investment strategy based on a rules-based methodology.
What Industry Does CALF Operate In?
The asset management industry is characterized by increasing competition and a shift towards passive investment strategies like ETFs. CALF operates within this landscape by offering a focused approach to small-cap investing based on free cash flow yield. The ETF market has experienced significant growth in recent years, driven by investors seeking low-cost, diversified investment options. CALF's success depends on its ability to attract investors seeking exposure to the small-cap segment with a value-oriented strategy. Competitors in the ETF space include a wide range of providers offering various strategies and asset class exposures.
Who Are CALF's Key Customers?
- Retail investors seeking diversified exposure to the small-cap market.
- Financial advisors looking for a value-oriented ETF for client portfolios.
- Institutional investors seeking to implement a factor-based investment strategy.
CALF Valuation & Market Position
Relative to its peer group, CALF's quantitative score of 47/100 is roughly in line with the peer average of 46/100.
CALF Financials
Bull Case vs Bear Case
Bull Case
- Focus on free cash flow yield
- Rules-based methodology
- Transparent investment strategy
- Exposure to the small-cap market
Bear Case
- Absence of dividend yield
- Potential for higher volatility compared to large-cap stocks
- Dependence on the performance of value stocks
- Relatively high beta of 1.15
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · July 2026
CALF Latest News
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Small-Cap ETFs Are Beating The S&P 500 — But A Quality Problem May Be Building Underneath
benzinga · May 28, 2026
CALF Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for CALF.
Price Targets
Wall Street price target analysis for CALF.
CALF MoonshotScore
What does this score mean?
The MoonshotScore rates CALF's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
CALF Financial Services Stock FAQ
What does Pacer US Small Cap Cash Cows ETF do?
Pacer US Small Cap Cash Cows ETF (CALF) is an exchange-traded fund that invests in the top 200 U.S. small-cap companies with the highest free cash flow yield. The fund screens the S&P SmallCap 600 index and selects companies that generate substantial cash relative to their market capitalization. This strategy aims to identify potentially undervalued companies with strong financial health and the ability to reinvest in their businesses or return capital to shareholders. CALF provides investors with a targeted exposure to the small-cap segment of the market, emphasizing companies with strong cash-generating capabilities.
What are the main risks for CALF?
The primary risks for CALF include market risk, small-cap risk, and concentration risk. Market risk refers to the potential for the overall stock market to decline, negatively impacting the fund's performance. Small-cap risk stems from the fact that small-cap companies can be more volatile and less liquid than large-cap companies. Concentration risk arises from the fund's focus on a specific segment of the market (small-cap) and a specific factor (free cash flow yield), which could lead to underperformance if that segment or factor falls out of favor. Additionally, changes in interest rates and economic conditions could impact the financial performance of the companies held within the fund.
What are the key factors to evaluate for CALF?
Pacer US Small Cap Cash Cows ETF (CALF) holds an AI score of 47/100 (low). Not financial advice.
How frequently does CALF data refresh on this page?
CALF prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven CALF's recent stock price performance?
Pacer US Small Cap Cash Cows ETF (CALF) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Focus on free cash flow yield. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider CALF overvalued or undervalued right now?
Valuing Pacer US Small Cap Cash Cows ETF (CALF) requires multiple metrics. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
What research should beginners do before buying CALF?
Before investing in Pacer US Small Cap Cash Cows ETF (CALF), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Why might investors consider adding CALF to a portfolio?
Key strength of Pacer US Small Cap Cash Cows ETF (CALF): Focus on free cash flow yield. Weigh rewards against risks and diversify. Not financial advice.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- AI analysis pending for CALF.
- Competitor information is limited.