SCOW vs SPSM: Grades, Fees and Holdings Compared

Pacer S&P SmallCap 600 Quality FCF Aristocrats ETF

SCOWDCboe

State Street SPDR Portfolio S&P 600 Small Cap ETF

SPSMANYSE Arca

Overlap

15.4%by weight

Expense ratio

SPSM −0.56pt a year

SCOW0.59%SPSM0.03%

Avg volume · 30D

SPSM 2341.4×the volume

SCOW734SPSM1.72M

SCOW vs SPSM Performance

Oct 31, 2025 – Oct 30, 2026

+20.2%SCOW+20.7%SPSM

Expense ratio: SCOW 0.59%; SPSM 0.03%, better
Fund size: SCOW $2M; SPSM $16.2B
1Y total return: SCOW +20.2%; SPSM +20.7%, better
Yield (12M): SCOW No data; SPSM 1.51%
Holdings: SCOW 81; SPSM 607
Avg volume (30D): SCOW 734 sh; SPSM 1.72M sh, better
NAV per share: SCOW $23.60; SPSM $55.20
52W range

ETF.net Grade

Pillar letters and Scores for SCOW, SPSM, with each pillar’s weight
Pillar	SCOW	SPSM
Cost30% weight	F2	A98Higher
Mission25% weight	A79	A84Higher
Risk15% weight	B60Higher	C50
Tradability15% weight	F15	A93Higher
Holdings10% weight	F24	A86Higher
Durability5% weight	F2	A77Higher

Rank among S&P SmallCap 600 funds

How we build Categories ›

Same Category. SCOW and SPSM are both graded against the same 13 S&P SmallCap 600 funds, so their Grades compare head to head.

S&P SmallCap 600⁠

Category · 13 funds

See all 13 ›

SPSM ranks 1st and SCOW 13th of 13 funds in the S&P SmallCap 600 Category.

Rank 1ASPSMState Street SPDR Portfolio S&P 600 Small Cap ETFScore 84
Rank 2AIJRiShares Core S&P Small-Cap ETFScore 79
Rank 12DGRPZInvesco S&P SmallCap 600 GARP ETFScore 38
Rank 13DSCOWPacer S&P SmallCap 600 Quality FCF Aristocrats ETFScore 34

Our read on each fund

ETF.net Research

SCOWDPacer S&P SmallCap 600 Quality FCF Aristocrats ETF

SPSMAState Street SPDR Portfolio S&P 600 Small Cap ETF

In short

SCOW No data

SPSM The bargain-rack version of a small-cap classic. SPSM tracks the S&P SmallCap 600 for 0.03% a year, one of the thinnest fees in US equities, and holds roughly 600 smaller American companies.

Stated mandate

SCOW No data

SPSM The fund seeks to track, before fees and expenses, the total return performance of the S&P SmallCap 600 Index.

Why people hold it

SCOW No data

SPSM Three ETFs wrap this same index. SPSM charges 0.03%, IJR 0.06%, VIOO 0.07%. Same basket, thinner fee drag.
Its fee sits far below the typical charge among S&P 600 wrappers, and cost is the one variable an index investor actually controls.
Roughly 600 US small caps in a single line item, held straight to the index. No single name carries the fund.
One of the strongest implementations in its peer group: tight index tracking, active trading, and a multi-billion-dollar asset base behind it.

Worth knowing

SCOW No data

SPSM Small-cap prices swing wider than large-cap ones. This fund takes the index as it comes, with no volatility cushion built in.
All US, all stocks. Nothing here diversifies away from the domestic economy.
Income is a byproduct, not the mission: cash goes out quarterly and varies with what the underlying companies pay.

Full SCOW profile⁠

Full SPSM profile⁠

SCOW vs SPSM Holdings

As of Oct 23, 2026

How SCOW and SPSM differ

Overlap by weight

15.4%

Shared holdings make up 100% of SCOW and 15.4% of SPSM.

Level by level

Holdings80 in both15.4%
Sector11 Sectors73.3%
Asset classEquity100%
Countryby domicile99.9%

Sector

Sector weights in SCOW and SPSM, widest gap first
Sector	More in SCOWMore in SPSM	SCOW	SPSM
Technology	SCOW +14.2 points	27.2%	13.0%
Industrials	SPSM +8.0 points	9.2%	17.2%
Real Estate	SPSM +6.6 points	0.0%	6.6%
Health Care	SPSM +5.8 points	5.4%	11.2%
Communication	SCOW +5.5 points	9.0%	3.5%
Materials	SPSM +3.2 points	0.9%	4.2%
Financials	SCOW +3.1 points	21.6%	18.5%
Energy	SCOW +2.1 points	8.8%	6.7%
Consumer Staples	SPSM +1.8 points	2.1%	3.9%
Consumer Discretionary	SCOW +1.8 points	14.9%	13.2%
Utilities	SPSM +1.2 points	0.8%	2.0%

Country, concentration and asset class

Country by domicile

Country weights in SCOW and SPSM, widest gap first
Country	More in SCOWMore in SPSM	SCOW	SPSM
United States	SCOW +0.1 points	100.0%	99.9%
Singapore	SPSM +0.1 points	0.0%	0.1%
Hong Kong	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

SCOW37.8%
SPSM5.5%

Securities held

SCOW80
SPSM605

Asset class

SCOW: Equity
SPSM: Equity

Holdings

Only in SCOW0
In both80
Only in SPSM525

Only in SCOW

0 securities, 0.0% of SCOW by weight

Only in SPSM

525 securities, 84.4% of SPSM by weight

Glaukos Corp0.81%
Viasat Inc0.61%
Sm Energy Co0.53%
Protagonist Therapeutics Inc0.53%
Ryman Hospitality Properties0.52%
Life Time Group Holdings Inc0.49%
Tg Therapeutics Inc0.46%
Element Solutions Inc0.46%
Carmax Inc0.45%
Victoria’s Secret & Co0.44%
Ralliant Corp0.44%
Eastman Chemical Co0.44%
Alkermes PLC0.43%
Lamb Weston Holdings Inc0.41%
Terreno Realty Corp0.40%
Lincoln National Corp0.40%
Federal Signal Corp0.40%
Macerich Co/The0.39%
Matson Inc0.38%
Conagra Brands Inc0.38%
Gates Industrial Corp Ltd0.38%
Mohawk Industries Inc0.37%
Esco Technologies Inc0.36%
Ligand Pharmaceuticals0.36%
Molson Coors Beverage Co B0.35%
Lyft Inc A0.35%
Ringcentral Inc Class A0.35%
Noble Corp PLC0.34%
Maxlinear Inc0.34%
Enpro Inc0.34%
Teleflex Inc0.34%
Stonex Group Inc0.34%
Caesars Entertainment Inc0.33%
Essential Properties Realty0.33%
Plexus Corp0.33%
Outfront Media Inc0.32%
Jbt Marel Corp0.32%
Tenable Holdings Inc0.32%
Casella Waste Systems Inc A0.32%
Atlantic Union Bankshares Co0.32%
Aci Worldwide Inc0.32%
Archrock Inc0.32%
Sensient Technologies Corp0.32%
Victory Capital Holding A0.32%
Mobility Global Inc0.31%
Merit Medical Systems Inc0.31%
Everus Construction Group0.31%
Balchem Corp0.31%
Ptc Therapeutics Inc0.30%
Herc Holdings Inc0.30%

Weight gaps

All 80 Holdings in both funds, largest gap first.

Holding weights in SCOW and SPSM, widest gap first
Holding	More in SCOWMore in SPSM	SCOW	SPSM
Jackson Financial IncJXN	SCOW +4.29 points	4.77%	0.48%
Match Group IncMTCH	SCOW +4.09 points	4.64%	0.55%
Etsy IncETSY	SCOW +3.92 points	4.36%	0.44%
Paycom Software IncPAYC	SCOW +3.66 points	4.23%	0.57%
Magnolia Oil & Gas CorpMGY	SCOW +3.41 points	3.76%	0.35%
Box IncBOX	SCOW +3.32 points	3.66%	0.34%
Enova International IncENVA	SCOW +3.16 points	3.41%	0.25%
MarketAxess Holdings IncMKTX	SCOW +2.95 points	3.28%	0.33%
Bread Financial Holdings IncBFH	SCOW +2.76 points	2.99%	0.23%
Trade Desk Inc/TheTTD	SCOW +2.44 points	2.75%	0.31%
Teradata CorpTDC	SCOW +1.69 points	1.87%	0.18%
Credit Acceptance CorpCACC	SCOW +1.66 points	1.83%	0.17%
NMI Holdings IncNMIH	SCOW +1.64 points	1.82%	0.18%
Adeia IncADEA	SCOW +1.59 points	1.73%	0.14%
Enphase Energy IncENPH	SCOW +1.56 points	1.75%	0.19%
Builders FirstSource IncBLDR	SCOW +1.56 points	1.94%	0.38%
Frontdoor IncFTDR	SCOW +1.48 points	1.82%	0.34%
Iridium Communications IncIRDM	SCOW +1.49 points	1.76%	0.27%
Cactus IncWHD	SCOW +1.39 points	1.65%	0.26%
Zurn Elkay Water Solutions CorpZWS	SCOW +1.17 points	1.54%	0.37%
Core Natural Resources IncCNR	SCOW +1.15 points	1.39%	0.24%
Extreme Networks IncEXTR	SCOW +1.14 points	1.31%	0.17%
Cargurus IncCARG	SCOW +1.11 points	1.25%	0.14%
Badger Meter IncBMI	SCOW +1.06 points	1.30%	0.24%
Pool CorpPOOL	SCOW +1.05 points	1.47%	0.42%
Robert Half IncRHI	SCOW +1.02 points	1.26%	0.24%
EPAM Systems IncEPAM	SCOW +1.02 points	1.41%	0.39%
Armstrong World Industries IncAWI	SCOW +1.00 points	1.40%	0.40%
Kontoor Brands IncKTB	SCOW +0.96 points	1.18%	0.22%
SPS Commerce IncSPSC	SCOW +0.95 points	1.12%	0.17%
Atmus Filtration Technologies IncATMU	SCOW +0.94 points	1.15%	0.21%
Clearway Energy IncCWEN	SCOW +0.92 points	1.14%	0.22%
Champion Homes IncSKY	SCOW +0.89 points	1.14%	0.25%
Innoviva IncINVA	SCOW +0.86 points	0.95%	0.09%
Cavco Industries IncCVCO	SCOW +0.83 points	1.07%	0.24%
CSW Industrials IncCSW	SCOW +0.77 points	1.04%	0.27%
Kulicke & Soffa Industries IncKLIC	SCOW +0.76 points	0.99%	0.23%
CorVel CorpCRVL	SCOW +0.74 points	0.88%	0.14%
Winmark CorpWINA	SCOW +0.69 points	0.74%	0.05%
Installed Building Products IncIBP	SCOW +0.69 points	0.96%	0.27%
Stride IncLRN	SCOW +0.67 points	0.86%	0.19%
Agilysys IncAGYS	SCOW +0.66 points	0.83%	0.17%
Perdoceo Education CorpPRDO	SCOW +0.64 points	0.75%	0.11%
California Resources CorpCRC	SCOW +0.64 points	0.89%	0.25%
Progress Software CorpPRGS	SCOW +0.64 points	0.74%	0.10%
Steven Madden LtdSHOO	SCOW +0.63 points	0.82%	0.19%
Dorian LPG LtdLPG	SCOW +0.63 points	0.74%	0.11%
Buckle Inc/TheBKE	SCOW +0.59 points	0.67%	0.08%
Enact Holdings IncACT	SCOW +0.59 points	0.66%	0.07%
ADT IncADT	SCOW +0.57 points	0.87%	0.30%
NetScout Systems IncNTCT	SCOW +0.56 points	0.71%	0.15%
EVERTEC IncEVTC	SCOW +0.56 points	0.66%	0.10%
Power Integrations IncPOWI	SCOW +0.50 points	0.66%	0.16%
Brady CorpBRC	SCOW +0.50 points	0.69%	0.20%
Kadant IncKAI	SCOW +0.48 points	0.66%	0.18%
Blackbaud IncBLKB	SCOW +0.47 points	0.57%	0.10%
Yelp IncYELP	SCOW +0.45 points	0.50%	0.05%
Digi International IncDGII	SCOW +0.44 points	0.61%	0.17%
Napco Security Technologies IncNSSC	SCOW +0.43 points	0.51%	0.08%
Western Union Co/TheWU	SCOW +0.42 points	0.53%	0.11%
Boise Cascade CoBCC	SCOW +0.38 points	0.53%	0.15%
Collegium Pharmaceutical IncCOLL	SCOW +0.37 points	0.41%	0.04%
Legalzoom.com IncLZ	SCOW +0.36 points	0.40%	0.04%
Supernus Pharmaceuticals IncSUPN	SCOW +0.35 points	0.49%	0.14%
Prestige Consumer Healthcare IncPBH	SCOW +0.35 points	0.48%	0.13%
AMN Healthcare Services IncAMN	SCOW +0.34 points	0.44%	0.10%
United States Lime & Minerals IncUSLM	SCOW +0.32 points	0.39%	0.07%
National Beverage CorpFIZZ	SCOW +0.32 points	0.37%	0.05%
Donnelley Financial Solutions IncDFIN	SCOW +0.32 points	0.40%	0.08%
LeMaitre Vascular IncLMAT	SCOW +0.31 points	0.41%	0.10%
CTS CorpCTS	SCOW +0.29 points	0.39%	0.10%
DoubleVerify Holdings IncDV	SCOW +0.29 points	0.39%	0.10%
ZoomInfo Technologies IncGTM	SCOW +0.26 points	0.32%	0.06%
World Acceptance CorpWRLD	SCOW +0.26 points	0.29%	0.03%
Pacira BioSciences IncPCRX	SCOW +0.26 points	0.34%	0.08%
PROG Holdings IncPRG	SCOW +0.25 points	0.32%	0.07%
Navient CorpNAVI	SCOW +0.22 points	0.25%	0.03%
BlackLine IncBL	SCOW +0.21 points	0.30%	0.09%
HealthStream IncHSTM	SCOW +0.18 points	0.22%	0.04%
Amphastar Pharmaceuticals IncAMPH	SCOW +0.16 points	0.21%	0.05%

All 82 SCOW holdings⁠All 607 SPSM holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

SCOW vs SPSM Cost

Overpaying SCOW vs SPSM

$10,997

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

SCOW 0.59%
$11,635
SPSM 0.03%
$638

Amount$10,000

Years30 years

Cost over time

SCOW 0.59%
SPSM 0.03%
Overpaying

Year by year

Year	SCOW	SPSM	Overpaying
10	$1,058	$55	$1,003
20	$4,051	$216	$3,835
30	$11,635	$638	$10,997

Expense ratio

0.59%SCOW
0.03%SPSM, cheaper

SPSM0.03%SCOW0.59%

0.03%0.59%

Middle half of S&P SmallCap 600 funds
Median 0.15%

SPSM cheapest of 13 funds

SCOW 13th cheapest of 13 funds

SCOW vs SPSM Dividends

Last 12 months to Oct 30, 2026

Yield (12M): SCOW No data; SPSM 1.51%
Payout (12M): SCOW No data; SPSM $0.82
Last payment: SCOW $0.04; SPSM $0.22
Ex-dividend: SCOW Sep 3, 2026; SPSM Sep 21, 2026
Paid on: SCOW Sep 8, 2026; SPSM Sep 23, 2026
Frequency: SCOW Quarterly; SPSM Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

SCOWQuarterly · 4 paymentsAll SCOW payments⁠

SPSMQuarterly · 40 paymentsAll SPSM payments⁠

SCOW vs SPSM Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: SCOW 14.8%since Sep 2025SPSM 18.7%
Return per unit of riskSharpe ratio, 3 years: SCOW 0.79since Sep 2025SPSM 0.76
Worst fallMax drawdown, 5 years: SCOW −10.1%since Aug 2025SPSM −27.9%
Market sensitivityBeta, 5 years: SCOW 0.59SPSM 1.04; Market = 1

SCOW and SPSM in the news

All news⁠

Best ETFs
Best small-cap ETFs: Vanguard’s VB beats three great funds all charging just 0.03%
Updated Nov 2, 2026SPSM
Best ETFs
Schwab and Vanguard charge the same 0.03%. Their small-cap funds are 3.7 percentage points apart
Updated Oct 2, 2026SPSM

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SCOW vs SPSM

In short

Stated mandate

Why people hold it

Worth knowing

How SCOW and SPSM differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in SCOW

Only in SPSM

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Best small-cap ETFs: Vanguard’s VB beats three great funds all charging just 0.03%

Schwab and Vanguard charge the same 0.03%. Their small-cap funds are 3.7 percentage points apart

How SCOW and SPSM differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in SCOW

Only in SPSM

Weight gaps