- Issuer
- Calamos
- Inception Date
- Feb 13, 2024
- Category
- Nasdaq-100, Diversified Portfolio
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Value
- Assets Under Management
- $22M
Share Price Chart
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Performance
CANQ Performance Chart
Calamos Alternative Nasdaq & Bond ETF (CANQ) is up 5.6% since the beginning of the year. CANQ is currently trading at $31 per share.
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Returns By Period
Calamos Alternative Nasdaq & Bond ETF (CANQ) has returned 5.57% so far this year and 16.04% over the past 12 months.
Calamos Alternative Nasdaq & Bond ETF
- 1D
- 1.20%
- 1M
- 0.50%
- YTD
- 5.57%
- 6M
- 5.69%
- 1Y
- 16.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.00%
- 1M
- -0.17%
- YTD
- 8.39%
- 6M
- 8.57%
- 1Y
- 24.06%
- 3Y*
- 18.94%
- 5Y*
- 12.24%
- 10Y*
- 13.54%
CANQ Monthly Returns History
Based on dividend-adjusted daily data since Feb 13, 2024, CANQ's average daily return is +0.06%, while the average monthly return is +1.22%. At this rate, an investment would double in approximately 4.8 years.
Historically, 66% of months were positive and 34% were negative. The best month was Apr 2026 with a return of +8.3%, while the worst month was Mar 2025 at -5.4%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 2 months.
On a daily basis, CANQ closed higher 57% of trading days. The best single day was Apr 9, 2025 with a return of +3.8%, while the worst single day was Apr 4, 2025 at -3.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.04% | -1.04% | -4.76% | 8.26% | 5.18% | -1.67% | 5.57% | ||||||
| 2025 | 2.16% | -0.44% | -5.42% | 1.03% | 3.67% | 4.54% | 1.15% | 0.86% | 3.51% | 3.76% | -1.15% | -2.11% | 11.69% |
| 2024 | 1.32% | 1.20% | -3.58% | 4.16% | 4.87% | -0.27% | 2.20% | 1.99% | -1.17% | 4.42% | 2.71% | 18.99% |
Benchmark Metrics
Calamos Alternative Nasdaq & Bond ETF has an annualized alpha of 3.05%, beta of 0.69, and R2 of 0.72 versus S&P 500 Index. Calculated based on daily prices since February 13, 2024.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (76.94%) than losses (72.71%) - typical of diversified or defensive assets.
- This ETF generated an annualized alpha of 3.05% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 0.69 indicates this ETF moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 3.05%
- Beta
- 0.69
- R²
- 0.72
- Upside Capture
- 76.94%
- Downside Capture
- 72.71%
Expense Ratio
CANQ has an expense ratio of 0.90%, placing it in the medium range.
Return for Risk
Risk / Return Rank
CANQ ranks 37 for risk / return — below 37% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Calamos Alternative Nasdaq & Bond ETF (CANQ) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CANQ | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.35 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.50 | 2.66 | -1.16 |
| Martin ratioReturn relative to average drawdown | 4.56 | 11.86 | -7.30 |
Dividends
Dividend History
Calamos Alternative Nasdaq & Bond ETF provided a 4.44% dividend yield over the last twelve months, with an annual payout of $1.37 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $1.37 | $1.49 | $1.18 |
Dividend yield | 4.44% | 5.02% | 4.19% |
Monthly Dividends
The table displays the monthly dividend distributions for Calamos Alternative Nasdaq & Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.11 | $0.11 | $0.10 | $0.10 | $0.12 | $0.55 | ||||||
| 2025 | $0.00 | $0.17 | $0.15 | $0.12 | $0.11 | $0.12 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.27 | $1.49 |
| 2024 | $0.10 | $0.11 | $0.11 | $0.11 | $0.10 | $0.11 | $0.11 | $0.13 | $0.29 | $1.18 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Calamos Alternative Nasdaq & Bond ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Calamos Alternative Nasdaq & Bond ETF was 12.79%, occurring on Apr 8, 2025. Recovery took 56 trading sessions.
The current Calamos Alternative Nasdaq & Bond ETF drawdown is 2.24%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -12.79%Apr 2025 | 1mo 19d | 2mo 23d | 4mo 12dFeb 2025 - Jun 2025 |
2026 correction2026 | -10.77%Mar 2026 | 5mo 1d | 1mo 7d | 6mo 8dOct 2025 - May 2026 |
2024 pullback2024 | -8.99%Aug 2024 | 27d | 2mo 8d | 3mo 5dJul 2024 - Oct 2024 |
2025 pullback2025 | -6.36%Jan 2025 | 28d | 1mo 1d | 1mo 29dDec 2024 - Feb 2025 |
2024 pullback2024 | -5.97%Apr 2024 | 1mo 12d | 1mo 17d | 2mo 29dMar 2024 - Jun 2024 |
Drawdown Indicators
| CANQ | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.79% | -56.78% | +43.99% |
Max Drawdown (1Y)Largest decline over 1 year | -10.77% | -9.10% | -1.67% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -2.24% | -2.49% | +0.25% |
Average DrawdownAverage peak-to-trough decline | -2.95% | -10.72% | +7.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.52% | 2.03% | +1.49% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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