I don't know of any calibration disc with PAL and NTSC on the same disc, but Digital Video Essentials (DVE) is available in two versions, PAL and NTSC. Sooner or later, you will buy both

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Am I correct in assuming that a TV calibrated for one format would not be calibrated for the other? Can you calibrate for both and save the settings as different user profiles or something similar?
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As far as I know, you are correct. However, I have calibrated for PAL only (I will buy an NTSC DVE in the future), and NTSC discs look pretty good as well, much better than before...
If you can have different calibrations on the same device depends on the device. My projector (Panasonic AE700) has three user settings, my TV has only one...