Pacer Small Correlations

CALF Etf

USD 46.90 1.28 2.81%

The current 90-days correlation between Pacer Small Cap and BlackRock Large Cap is 0.4 (i.e., Very weak diversification). The correlation of Pacer Small is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Pacer Small Correlation With Market

Almost no diversification

The correlation between Pacer Small Cap and DJI is 0.94 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pacer Small Cap and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Pacer Etf

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Pacer Small Cap. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Pacer Etf

0.94	VBR	Vanguard Small Cap	Pair Corr
0.93	IWN	iShares Russell 2000	Pair Corr
0.94	DFAT	Dimensional Targeted	Pair Corr
0.94	IJS	iShares SP Small	Pair Corr
0.94	SLYV	SPDR SP 600	Pair Corr
0.95	AVUV	Avantis Small Cap	Pair Corr
0.91	DES	WisdomTree SmallCap	Pair Corr
0.96	MDYV	SPDR SP 400	Pair Corr
0.88	REGL	ProShares SP MidCap Low Volatility	Pair Corr
0.75	OIH	VanEck Oil Services	Pair Corr
0.88	WTMF	WisdomTree Managed	Pair Corr
0.92	EWC	iShares MSCI Canada	Pair Corr
0.87	TOT	Advisor Managed Port	Pair Corr
0.86	VBK	Vanguard Small Cap	Pair Corr
0.88	BINC	BlackRock ETF Trust	Pair Corr
0.97	OASC	OneAscent Small Cap	Pair Corr
0.93	AHYB	American Century ETF	Pair Corr
0.85	RDIV	Invesco SP Ultra	Pair Corr
0.8	CAT	Caterpillar	Pair Corr
0.76	JNJ	Johnson Johnson	Pair Corr
0.65	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.88	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.87	AA	Alcoa Corp	Pair Corr
0.67	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.8	BA	Boeing	Pair Corr

Moving against Pacer Etf

0.39	ARKW	ARK Next Generation	Pair Corr
0.63	MSFT	Microsoft	Pair Corr
0.59	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	LBO	JHID	ASCE	EQRR	EQLT	LRND	FLYU	ERET	MKAM	BGRO
LBO		0.18	0.52	0.37	0.09	0.49	0.79	-0.05	0.52	0.5	LBO
JHID	0.18		0.88	0.94	0.93	0.05	0.35	0.88	0.77	0.03	JHID
ASCE	0.52	0.88		0.93	0.79	0.32	0.63	0.72	0.89	0.29	ASCE
EQRR	0.37	0.94	0.93		0.88	0.24	0.54	0.81	0.86	0.19	EQRR
EQLT	0.09	0.93	0.79	0.88		0.11	0.26	0.89	0.75	0.2	EQLT
LRND	0.49	0.05	0.32	0.24	0.11		0.49	-0.06	0.6	0.87	LRND
FLYU	0.79	0.35	0.63	0.54	0.26	0.49		0.15	0.68	0.46	FLYU
ERET	-0.05	0.88	0.72	0.81	0.89	-0.06	0.15		0.64	-0.03	ERET
MKAM	0.52	0.77	0.89	0.86	0.75	0.6	0.68	0.64		0.55	MKAM
BGRO	0.5	0.03	0.29	0.19	0.2	0.87	0.46	-0.03	0.55		BGRO
	LBO	JHID	ASCE	EQRR	EQLT	LRND	FLYU	ERET	MKAM	BGRO

Please upgrade your account to get full access to Macroaxis premium features

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

EQRR	+ 0.94	JHID
EQLT	+ 0.93	JHID
EQRR	+ 0.93	ASCE
MKAM	+ 0.89	ASCE
ERET	+ 0.89	EQLT
ASCE	+ 0.88	JHID

High negative correlations

ERET	- 0.06	LRND
ERET	- 0.05	LBO
BGRO	- 0.03	ERET

Pacer Small Constituents Risk-Adjusted Indicators

There is a big difference between Pacer Etf performing well and Pacer Small ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Pacer Small's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
LBO	1.01	(0.15)	0.00	(0.05)	0.00	0.00	2.17	(3.13)	7.23
JHID	0.54	0.17	0.21	0.36	0.32	(0.64)	1.13	(0.80)	3.46
ASCE	0.96	0.06	0.07	0.13	0.97	(1.04)	2.14	(1.88)	4.59
EQRR	0.70	0.06	0.05	0.14	0.92	(0.72)	1.54	(1.80)	4.11
EQLT	0.79	0.08	0.06	0.18	0.78	(0.84)	1.81	(1.56)	4.30
LRND	0.73	(0.11)	0.00	(0.07)	0.00	0.00	1.17	(1.78)	4.94
FLYU	3.48	(0.25)	0.00	0.02	4.54	(3.39)	6.77	(8.15)	17.41
ERET	0.42	0.07	0.04	0.28	0.37	(0.44)	1.12	(0.72)	2.74
MKAM	0.34	(0.03)	(0.12)	0.02	0.49	(0.33)	0.84	(0.80)	2.21
BGRO	0.92	(0.18)	0.00	(0.12)	0.00	0.00	1.89	(2.21)	5.38

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC