Calamos Alternative Nasdaq & Bond ETF (CANQ) Sharpe Ratio: 1.06

CANQ's Sharpe Ratio of 1.06 indicates that for each unit of volatility, it generates 1.06 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jul 10, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

CANQ Sharpe Ratio Rank

Below Average

CANQ ranks above 35.6% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

Strong returns with low total volatility → Higher rank
High volatility (both upside and downside) → Lower rank
Consistent returns → Higher rank than volatile returns of same magnitude
Sharp drawdowns increase volatility → Lower rank

What you can do with this information

Returns may not adequately compensate for volatility taken
Consider smaller allocation given below-average risk-adjusted profile
Explore higher-ranked investments with better consistency
Assess whether the volatility profile aligns with your portfolio goals

CANQ Sharpe Ratio Market Positioning

The chart shows CANQ's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

Red zone (bottom 25%): 0.74 or lower
Yellow zone (middle 50%): 0.74 to 1.91
Green zone (top 25%): 1.91 or higher
Top 1%: 6.59+
Median: 1.40 — half of all investments score higher

How it compares to other similar ETFs

The table compares Calamos Alternative Nasdaq & Bond ETF's Sharpe Ratio with other ETFs in the Nasdaq-100, Diversified Portfolio category across multiple time periods, showing how CANQ's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jul 10, 2026.

Symbol	Name	1Y Sharpe Ratio
PQAP	PGIM Nasdaq-100 Buffer 12 ETF - April	3.59
NAPR	Innovator Nasdaq-100 Power Buffer ETF - April	3.54
QMAR	FT Cboe Vest Nasdaq-100 Buffer ETF - March	2.98
QB	ProShares Nasdaq-100 Dynamic Daily Buffer ETF	2.64
FTQI	First Trust Nasdaq BuyWrite Income ETF	2.56
QCAP	FT Vest NASDAQ-100 Conservative Buffer ETF - April	2.41
PBQQ	PGIM Laddered Nasdaq-100 Buffer 12 ETF	2.29
QYLD	Global X NASDAQ 100 Covered Call ETF	2.29
QQQA	ProShares Nasdaq-100 Dorsey Wright Momentum ETF	2.29
INCM	Franklin Income Focus ETF	2.27
CANQ	Calamos Alternative Nasdaq & Bond ETF	1.06

Benchmark Against

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S&P 500 Index

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Historical Sharpe Ratio

The chart shows CANQ's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when CANQ consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does CANQ fit in your portfolio?

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