CALF vs SPSM: Holdings Overlap
CALFPacer US Small Cap Cash Cows 100 ETF
Pacer · 200 holdings · $3.7B · as of 2026-04-30
SPSMState Street® SPDR® Portfolio S&P 600™ Small Cap ETF
State Street (SPDR) · 604 holdings · $17.3B · as of 2026-08-06
Holdings snapshots are 98 days apart (CALF: 2026-04-30, SPSM: 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 SPSM?
Pacer US Small Cap Cash Cows 100 ETF (CALF, by Pacer) holds 200 positions; State Street® SPDR® Portfolio S&P 600™ Small Cap ETF (SPSM, by State Street (SPDR)) holds 604. They have 93 holdings in common, and by portfolio weight the two funds are 13.6% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 13.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 93CALF holds 200 · SPSM holds 604
- Weight in Shared Holdings
- CALF 37%·SPSM 14%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
107 of 200 positions (63.4% of the fund) are not held by SPSM. Showing the top 30 by weight.
Only in SPSM
511 of 604 positions (86.2% of the fund) are not held by CALF. Showing the top 30 by weight.
Sector Breakdown
| Sector | CALF | SPSM |
|---|---|---|
| Consumer Discretionary | 28.3% | 13.9% |
| Information Technology | 26.3% | 12.8% |
| Financials | 0.0% | 19.0% |
| Industrials | 8.9% | 17.4% |
| Health Care | 9.1% | 10.6% |
| Other Sectors | 26.5% | 25.1% |
| Unclassified | 0.9% | 0.9% |
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, 1% of SPSM).
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% |
| SPSM | +2.4% | +24.5% | +36.5% | +14.6% | +7.7% | +10.9% | 1.36% |
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 SPSM →
Shared Holdings(93)
The top 10 shared positions account for 28% of the overlap, led by MTCH, KMX and ALKS.
 MTCHMatch Group Inc COM | 1.41% | 0.47% | 0.47% |
|---|---|---|---|
 KMXCarmax Inc COM | 1.32% | 0.45% | 0.45% |
 ALKSAlkermes PLC COM USD0.01 | 0.66% | 0.44% | 0.44% |
 ETSYEtsy Inc COM | 0.90% | 0.43% | 0.43% |
 QRVOQorvo Inc COM | 0.81% | 0.42% | 0.42% |
 MHKMohawk Industries, Inc. COM | 0.72% | 0.37% | 0.37% |
 FTDRFrontdoor Inc COM | 0.48% | 0.35% | 0.35% |
 LYFTLyft, Inc., Class A | 1.29% | 0.34% | 0.34% |
 VSNTVersant Media Group Inc. COM CL A | 1.34% | 0.29% | 0.29% |
 RUSHARush Enterprises, Inc., Class A | 0.78% | 0.27% | 0.27% |
 EPAMEPAM Systems Inc. COM | 0.58% | 0.27% | 0.27% |
 RNGRingCentral, Inc., Class A | 0.63% | 0.25% | 0.25% |
 ITRIItron, Inc. COM | 0.40% | 0.25% | 0.25% |
 AZZAZZ Inc COM | 0.56% | 0.25% | 0.25% |
 NSITInsight Enterprises Inc. COM | 0.29% | 0.25% | 0.25% |
 BOXBox, Inc., Class A | 0.35% | 0.24% | 0.24% |
 MRPMillrose Properties, Inc., Class A | 1.08% | 0.24% | 0.24% |
 KFYKorn Ferry COM NEW | 0.36% | 0.24% | 0.24% |
 ADTADT Inc COM | 0.88% | 0.24% | 0.24% |
 TPCTutor Perini Corporation COM | 0.88% | 0.23% | 0.23% |
 CVSACovista Inc. COM | 0.46% | 0.23% | 0.23% |
 RHIRobert Half Inc. COM | 0.36% | 0.22% | 0.22% |
 CRCCalifornia Resources Corporation COM STOCK | 0.68% | 0.22% | 0.22% |
 KTBKontoor Brands Inc COM | 0.53% | 0.22% | 0.22% |
 CALMCal-Maine Foods Inc. COM NEW | 0.81% | 0.21% | 0.21% |
Frequently Asked Questions
How much do CALF and SPSM overlap?
CALF and SPSM overlap by 13.6% of portfolio weight. They share 93 holdings (CALF holds 200 positions and SPSM holds 604), based on each fund's latest SEC-reported holdings.
Is it redundant to own both CALF and SPSM?
The two portfolios are 13.6% 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 SPSM?
The largest positions held by both funds are MTCH, KMX, ALKS, ETSY and QRVO. Together the top 10 shared positions account for 28% of the total overlap.
What does CALF own that SPSM doesn't?
107 positions (63.4% of CALF) are unique to CALF, led by ZM, SNX and APA. In the other direction, 511 positions (86.2% of SPSM) are unique to SPSM.