CALF vs SPMD: Holdings Overlap
CALFPacer US Small Cap Cash Cows 100 ETF
Pacer · 200 holdings · $3.7B · as of 2026-04-30
SPMDState Street® SPDR® Portfolio S&P 400™ Mid Cap ETF
State Street (SPDR) · 399 holdings · $18.5B · as of 2026-08-06
Holdings snapshots are 98 days apart (CALF: 2026-04-30, SPMD: 2026-08-06). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are CALF and SPMD?
Pacer US Small Cap Cash Cows 100 ETF (CALF, by Pacer) holds 200 positions; State Street® SPDR® Portfolio S&P 400™ Mid Cap ETF (SPMD, by State Street (SPDR)) holds 399. They have 34 holdings in common, and by portfolio weight the two funds are 6.6% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 6.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 34CALF holds 200 · SPMD holds 399
- Weight in Shared Holdings
- CALF 28%·SPMD 7%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in CALF
166 of 200 positions (72.0% of the fund) are not held by SPMD. Showing the top 30 by weight.
Sector Breakdown
| Sector | CALF | SPMD |
|---|---|---|
| Consumer Discretionary | 28.3% | 11.7% |
| Information Technology | 26.3% | 15.7% |
| Industrials | 8.9% | 26.0% |
| Financials | 0.0% | 16.1% |
| Health Care | 9.1% | 10.3% |
| Other Sectors | 26.5% | 25.8% |
| Unclassified | 0.9% | 0.0% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts. “Unclassified” is weight we could not classify (1% of CALF, 0% of SPMD).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| CALF | +8.4% | +27.1% | +42.3% | +9.9% | +6.8% | — | 1.08% |
| SPMD | +3.1% | +18.5% | +26.0% | +14.6% | +9.1% | +11.3% | 1.19% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in CALF vs SPMD →
Shared Holdings(34)
The top 10 shared positions account for 53% of the overlap, led by SNX, JAZZ and NTNX.
 SNXTD SYNNEX Corporation | 2.35% | 0.53% | 0.53% |
|---|---|---|---|
 JAZZJazz Pharmaceuticals Public Limited Company | 1.53% | 0.44% | 0.44% |
 NTNXNutanix, Inc., Class A | 0.92% | 0.44% | 0.44% |
 TOLToll Brothers, Inc. COM | 1.71% | 0.39% | 0.39% |
 BWABorgWarner Inc. COM | 1.51% | 0.37% | 0.37% |
 EXELExelixis, Inc. COM | 1.07% | 0.36% | 0.36% |
 DOCUDocusign, Inc., Class A | 1.10% | 0.30% | 0.30% |
 ALVAutoliv Inc. COM | 0.92% | 0.23% | 0.23% |
 GMEGameStop Corp., Class A | 0.68% | 0.22% | 0.22% |
 CHRDChord Energy Corp. COM NEW | 0.93% | 0.20% | 0.20% |
 CARTMaplebear Inc. COM | 1.14% | 0.20% | 0.20% |
 NOVNOV Inc. COM | 1.10% | 0.20% | 0.20% |
 NEUNewmarket Corporation COM | 0.64% | 0.19% | 0.19% |
 CROXCrocs Inc COM | 0.98% | 0.18% | 0.18% |
 MMacy's, Inc. COM | 1.04% | 0.18% | 0.18% |
 QLYSQualys Inc COM | 0.30% | 0.18% | 0.18% |
 CRUSCirrus Logic, Inc. COM | 0.84% | 0.17% | 0.17% |
 HRBBlock(H&R)Inc COM | 0.62% | 0.16% | 0.16% |
 GGenpact Ltd. COM STK USD0.01 | 0.75% | 0.16% | 0.16% |
 DBXDropbox, Inc., Class A | 0.97% | 0.14% | 0.14% |
 GNTXGentex Corporation | 0.57% | 0.14% | 0.14% |
 ANFAbercrombie & Fitch Co., Class A | 0.46% | 0.14% | 0.14% |
 DUOLDuolingo, Inc., Class A | 0.46% | 0.14% | 0.14% |
 CBTCabot Corporation COM | 0.54% | 0.12% | 0.12% |
 BILLBILL Holdings Inc COM | 0.36% | 0.11% | 0.11% |
Frequently Asked Questions
How much do CALF and SPMD overlap?
CALF and SPMD overlap by 6.6% of portfolio weight. They share 34 holdings (CALF holds 200 positions and SPMD holds 399), based on each fund's latest SEC-reported holdings.
Is it redundant to own both CALF and SPMD?
The two portfolios are 6.6% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of CALF and SPMD?
The largest positions held by both funds are SNX, JAZZ, NTNX, TOL and BWA. Together the top 10 shared positions account for 53% of the total overlap.
What does CALF own that SPMD doesn't?
166 positions (72.0% of CALF) are unique to CALF, led by ZM, APA and NTAP. In the other direction, 365 positions (99.0% of SPMD) are unique to SPMD.