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Calamos Autocallable Income ETF (CAIE) Alternatives

ETF · Currency in USD · Last updated Jul 16, 2026

The Calamos Autocallable Income ETF seeks to generate high monthly income while providing reduced downside risk through exposure to a portfolio of autocallables, offering a diversified income source tied to equity markets rather than traditional bond factors.

Calamos Autocallable Income ETF (CAIE) belongs to the Derivative Income category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with CAIE. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to CAIE

CAIE charges 0.74% annually. There are 86 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.10%.

SymbolNameExpense RatioAUMInception
PEPS
Parametric Equity Plus ETF0.10%29.28MNov 2024CAIE vs PEPS
SPIN
State Street US Equity Premium Income ETF0.25%45.73MSep 2024CAIE vs SPIN
IVVW
iShares S&P 500 BuyWrite ETF0.25%324.77MMar 2024CAIE vs IVVW
FYEE
Fidelity Yield Enhanced Equity ETF0.28%198.84MApr 2024CAIE vs FYEE
PBP
Invesco S&P 500 BuyWrite ETF0.29%352.13MDec 2007CAIE vs PBP

Best Risk-Adjusted Alternatives to CAIE

CAIE has a PortfoliosLab risk / return rank of 69. There are 43 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 96.

SymbolNameRisk / Return RankAUMInception
BUCK
Simplify Treasury Option Income ETF
96
474.96MOct 2022CAIE vs BUCK
THTA
SoFi Enhanced Yield ETF
96
34.73MNov 2023CAIE vs THTA
GOOY
YieldMax GOOGL Option Income Strategy ETF
94
246.95MJul 2023CAIE vs GOOY
CHPY
YieldMax Semiconductor Portfolio Option Income ETF
94
1.16BApr 2025CAIE vs CHPY
FTQI
First Trust Nasdaq BuyWrite Income ETF
92
938.31MJan 2014CAIE vs FTQI

Top Performing CAIE Alternatives (YTD)

CAIE is at 9.07% YTD. There are 92 ETFs in the Derivative Income category with higher YTD returns, going as high as 182.49%.

SymbolNameYTD ReturnAUMInception
ARMW
Roundhill ARM WeeklyPay ETF
182.49%
27.86MOct 2025CAIE vs ARMW
AMDW
Roundhill AMD WeeklyPay ETF
181.24%
116.76MJul 2025CAIE vs AMDW
AMDY
YieldMax AMD Option Income Strategy ETF
107.90%
443.39MSep 2023CAIE vs AMDY
MRNY
YieldMax MRNA Option Income Strategy ETF
93.46%
127.56MOct 2023CAIE vs MRNY
CHPY
YieldMax Semiconductor Portfolio Option Income ETF
70.62%
1.16BApr 2025CAIE vs CHPY

Lowest Volatility Alternatives to CAIE

CAIE has 11.87% 1-year volatility. There are 71 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 2.80%.

SymbolNameVolatility 1YAUMInception
BUCK
Simplify Treasury Option Income ETF2.80%474.96MOct 2022CAIE vs BUCK
ACYS
FT Vest Laddered Autocallable Barrier & Resilient ...3.41%206.17MApr 2026CAIE vs ACYS
HYTI
FT Vest High Yield & Target Income ETF3.86%88.48MFeb 2025CAIE vs HYTI
BUYW
Main Buywrite ETF4.85%1.26BDec 2015CAIE vs BUYW
FIYY
GraniteShares YieldBOOST 20Y+ Treasuries ETF5.00%726.94KMay 2026CAIE vs FIYY

Lowest Drawdown Alternatives to CAIE

CAIE has a 1-year max drawdown of -7.73%. There are 49 ETFs in the Derivative Income category with shallower 1-year drawdowns, going as shallow as -0.84%.

SymbolNameMax Drawdown 1YAUMInception
BUCK
Simplify Treasury Option Income ETF
-0.84%
474.96MOct 2022CAIE vs BUCK
HYTI
FT Vest High Yield & Target Income ETF
-2.38%
88.48MFeb 2025CAIE vs HYTI
BUYW
Main Buywrite ETF
-2.59%
1.26BDec 2015CAIE vs BUYW
THTA
SoFi Enhanced Yield ETF
-2.64%
34.73MNov 2023CAIE vs THTA
OMAH
VistaShares Target 15™ Berkshire Select Income ETF
-3.00%
774.36MMar 2025CAIE vs OMAH

Other ETFs from Calamos

The 10 most viewed Calamos ETFs shown here include CPSM, CVRT, CAIQ and span 7 categories. AUM among these funds goes as high as $269M.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
CPSM
Calamos S&P 500 Structured Alt Protection ETF - Ma...Defined Outcome, S&P 500
97
2.52%
56.60MMay 2024CAIE vs CPSM
CVRT
Calamos Convertible Equity Alternative ETFConvertible Bonds
83
28.27%
32.10MOct 2023CAIE vs CVRT
CAIQ
Calamos Nasdaq Autocallable Income ETFNasdaq-100, Derivative Income—
11.55%
269.40MNov 2024CAIE vs CAIQ
CPSP
Calamos S&P 500 Structured Alt Protection ETF - Ap...S&P 500, Defined Outcome
99
3.70%
19.60MApr 2025CAIE vs CPSP
CANQ
Calamos Alternative Nasdaq & Bond ETFNasdaq-100, Diversified Portfolio
32
5.42%
21.60MFeb 2024CAIE vs CANQ
CPSL
Calamos Laddered S&P 500 Structured Alt Protection...Defined Outcome, S&P 500
95
3.00%
—Sep 2024CAIE vs CPSL
CPSA
Calamos S&P 500 Structured Alt Protection ETF - Au...Defined Outcome
95
3.36%
42.50MAug 2024CAIE vs CPSA
SROI
Calamos Antetokounmpo Global Sustainable Equities ...Global Equities
43
11.06%
18.70MFeb 2023CAIE vs SROI
CPSD
Calamos S&P 500 Structured Alt Protection ETF - De...Defined Outcome, S&P 500
95
2.98%
44.50MDec 2024CAIE vs CPSD
CPST
Calamos S&P 500 Structured Alt Protection ETF - Se...Defined Outcome, S&P 500
95
3.28%
32.10MSep 2024CAIE vs CPST

Often Compared With CAIE

Investors most often compare CAIE with CMP, SPY, SBAR. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
CMP
Compass Minerals International, Inc.
70
52.85%
——CAIE vs CMP
SPY
State Street SPDR S&P 500 ETFS&P 500
70
11.28%
783.21BJan 1993CAIE vs SPY
SBAR
Simplify Barrier Income ETFDerivative Income
50
4.51%
396.35MApr 2025CAIE vs SBAR
SPYI
NEOS S&P 500 High Income ETFDerivative Income, S&P 500
74
8.67%
10.67BAug 2022CAIE vs SPYI
XV
Simplify Target 15 Distribution ETFDerivative Income
54
5.69%
68.67MApr 2025CAIE vs XV
GPIQ
Goldman Sachs Nasdaq-100 Core Premium Income ETFNasdaq-100, Dividend
72
15.83%
5.03BOct 2023CAIE vs GPIQ
CBOJ
Calamos Bitcoin Structured Alt Protection ETF - Ja...Defined Outcome
2
-1.46%
—Jan 2025CAIE vs CBOJ
VOOG
Vanguard S&P 500 Growth ETFS&P 500, Large Cap Growth Equities
50
12.74%
26.50BSep 2010CAIE vs VOOG
JEPQ
JPMorgan Nasdaq Equity Premium Income ETFNasdaq-100, Derivative Income
67
9.45%
40.37BMay 2022CAIE vs JEPQ
CPRJ
Calamos Russell 2000 Structured Alt Protection ETF...Defined Outcome
95
3.24%
32.60MJul 2024CAIE vs CPRJ
OVL
Overlay Shares Large Cap Equity ETFDerivative Income
72
13.42%
182.90MSep 2019CAIE vs OVL
EGGY
NestYield Dynamic Income ETFDerivative Income
26
22.44%
73.36MDec 2024CAIE vs EGGY
ISPY
ProShares S&P 500 High Income ETFDerivative Income, S&P 500
58
9.52%
1.26BDec 2023CAIE vs ISPY
EGGQ
NestYield Visionary ETFDerivative Income
28
20.56%
57.35MDec 2024CAIE vs EGGQ
WEEL
Peerless Option Income Wheel ETFDerivative Income
85
6.61%
21.33MMay 2024CAIE vs WEEL
CPSJ
Calamos S&P 500 Structured Alt Protection ETF - Ju...Defined Outcome
95
3.37%
46.70MJul 2024CAIE vs CPSJ
VTES
Vanguard Short-Term Tax-Exempt Bond ETFMunicipal Bonds
70
0.79%
2.00BMar 2023CAIE vs VTES
SPYM
State Street SPDR Portfolio S&P 500 ETFS&P 500
70
11.33%
158.31BNov 2005CAIE vs SPYM
VOO
Vanguard S&P 500 ETFS&P 500
70
11.30%
1.70TSep 2010CAIE vs VOO
ZHDG
ZEGA Buy and Hedge ETFDerivative Income
41
4.76%
33.22MJul 2021CAIE vs ZHDG

Compare CAIE with Any Fund or Stock

Compare CAIE with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

 

Diversifiers

Pair CAIE with funds that move differently

Calamos Autocallable Income ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to CAIE.

Explore CAIE Diversifiers