BINC vs. CAIE

Last updated Jun 16, 2026

BINC (iShares Flexible Income Active ETF) and CAIE (Calamos Autocallable Income ETF) are both exchange-traded funds - BINC is a Multisector Bonds fund actively managed by iShares, while CAIE is a Derivative Income fund tracking the MerQube US Large Cap Vol Advantage Autocallable Index. BINC is actively managed, while CAIE is passively managed. At a 0.50 correlation, their price movements are largely independent. BINC charges 0.40%/yr vs 0.74%/yr for CAIE.

Performance

BINC vs. CAIE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Flexible Income Active ETF (BINC) and Calamos Autocallable Income ETF (CAIE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BINC achieves a 1.29% return, which is significantly lower than CAIE's 8.63% return.

BINC

• 1D: 0.15%
• 1M: 0.92%
• YTD: 1.29%
• 6M: 1.78%
• 1Y: 5.90%
• 3Y*: 7.04%
• 5Y*: —
• 10Y*: —

CAIE

• 1D: 1.15%
• 1M: 1.01%
• YTD: 8.63%
• 6M: 9.20%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BINC vs. CAIE - Yearly Performance Comparison

	2026 (YTD)	2025
BINC iShares Flexible Income Active ETF	1.29%	3.94%
CAIE Calamos Autocallable Income ETF	8.63%	15.12%

Correlation

The correlation between BINC and CAIE is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 25, 2025	0.50

Return for Risk

BINC vs. CAIE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BINC

BINC Risk / Return Rank: 74
BINC Sharpe Ratio Rank: 88
BINC Sortino Ratio Rank: 90
BINC Omega Ratio Rank: 90
BINC Calmar Ratio Rank: 49
BINC Martin Ratio Rank: 54

CAIE

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BINC vs. CAIE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Flexible Income Active ETF (BINC) and Calamos Autocallable Income ETF (CAIE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	BINC	CAIE	Difference
Sharpe ratio: Return per unit of total volatility	2.58	—	—
Sortino ratio: Return per unit of downside risk	3.77	—	—
Omega ratio: Gain probability vs. loss probability	1.52	—	—
Calmar ratio: Return relative to maximum drawdown	2.20	—	—
Martin ratio: Return relative to average drawdown	8.60	—	—

Drawdowns

BINC vs. CAIE - Drawdown Comparison

The maximum BINC drawdown since its inception was -2.69%, smaller than the maximum CAIE drawdown of -7.73%. Use the drawdown chart below to compare losses from any high point for BINC and CAIE.

Drawdown Indicators

	BINC	CAIE	Difference
Max Drawdown Largest peak-to-trough decline	-2.69%	-7.73%	+5.04%
Max Drawdown (1Y) Largest decline over 1 year	-2.69%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-2.69%	—	—
Current Drawdown Current decline from peak	-0.10%	-0.80%	+0.70%
Average Drawdown Average peak-to-trough decline	-0.36%	-1.08%	+0.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.69%	—	—

Volatility

Volatility by Period

	BINC	CAIE	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.75%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.87%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.30%	12.08%	-9.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.99%	12.08%	-9.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.99%	12.08%	-9.09%

BINC vs. CAIE - Expense Ratio Comparison

BINC has a 0.40% expense ratio, which is lower than CAIE's 0.74% expense ratio.

Dividends

BINC vs. CAIE - Dividend Comparison

BINC's dividend yield for the trailing twelve months is around 5.84%, less than CAIE's 13.15% yield.

Position	TTM	2025	2024	2023
BINC iShares Flexible Income Active ETF	5.84%	5.86%	6.14%	3.13%
CAIE Calamos Autocallable Income ETF	13.15%	7.46%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BINC and CAIE in my portfolio?

BINC and CAIE have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BINC or CAIE?

On fees, BINC is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BINC or CAIE?

BINC is cheaper with a 0.40% expense ratio, compared with 0.74% for CAIE.

Which ETF pays a higher dividend yield, BINC or CAIE?

CAIE has the higher dividend yield at 13.15%, compared with 5.84% for BINC.

What is the main difference between BINC and CAIE?

BINC is categorized as Multisector Bonds, while CAIE is Derivative Income. They also come from different issuers: iShares and Calamos. Their fees differ too: 0.40% for BINC and 0.74% for CAIE.