CAF (Core Audio Format) is a free audio container format developed by Apple and works on macOS 10.4 or later. It can also be opened on macOS 10.3 using QuickTime 7. Apart from audio, CAF can also hold multiple metadata such as file name, album name, composer, and more. It comes with a filename extension of .caf.
Apple QuickTime Player Soundtrack Pro Logic Studio
WAV, sometimes called WAV, is an audio container format developed by IBM and Microsoft and comes with a .wav filename extension. Unlike popular formats like MP3 and MP4, WAV isn’t a lossy format, so it’s bigger and less popular. WAV files can be opened on various OS platforms via software like Windows Media Player, MPlayer, VLC Media Player, and more.