CAGE vs. SROI

Last updated Jul 21, 2026

CAGE (Calamos Autocallable Growth ETF) and SROI (Calamos Antetokounmpo Global Sustainable Equities ETF) are both exchange-traded funds - CAGE is a Derivative Income fund actively managed by Calamos, while SROI is a Global Equities fund actively managed by Calamos. Both are actively managed. Their correlation of 0.93 suggests significant overlap in exposure.

Performance

CAGE vs. SROI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Calamos Autocallable Growth ETF (CAGE) and Calamos Antetokounmpo Global Sustainable Equities ETF (SROI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CAGE

• 1D: -0.76%
• 1M: -1.51%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

SROI

• 1D: -0.33%
• 1M: -2.00%
• 6M: 6.13%
• YTD: 9.06%
• 1Y: 15.25%
• 3Y*: 12.24%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.80%

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

CAGE vs. SROI - Yearly Performance Comparison

	2026 (YTD)
CAGE Calamos Autocallable Growth ETF	9.15%
SROI Calamos Antetokounmpo Global Sustainable Equities ETF	3.69%

Correlation

The correlation between CAGE and SROI is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 16, 2026	0.93

Return for Risk

CAGE vs. SROI — Risk / Return Rank

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

CAGE

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

SROI

SROI Risk / Return Rank: 41
SROI Sharpe Ratio Rank: 40
SROI Sortino Ratio Rank: 39
SROI Omega Ratio Rank: 38
SROI Calmar Ratio Rank: 39
SROI Martin Ratio Rank: 51

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.

CAGE vs. SROI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Calamos Autocallable Growth ETF (CAGE) and Calamos Antetokounmpo Global Sustainable Equities ETF (SROI). 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.

	CAGE	SROI	Difference
Sharpe ratio: Return per unit of total volatility	—	1.07	—
Sortino ratio: Return per unit of downside risk	—	1.57	—
Omega ratio: Gain probability vs. loss probability	—	1.19	—
Calmar ratio: Return relative to maximum drawdown	—	1.50	—
Martin ratio: Return relative to average drawdown	—	6.25	—

Drawdowns

CAGE vs. SROI - Drawdown Comparison

The maximum CAGE drawdown since its inception was -6.60%, smaller than the maximum SROI drawdown of -15.38%. Use the drawdown chart below to compare losses from any high point for CAGE and SROI.

Drawdown Indicators

	CAGE	SROI	Difference
Max Drawdown Largest peak-to-trough decline	-6.60%	-15.38%	+8.78%
Max Drawdown (1Y) Largest decline over 1 year	—	-10.19%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-15.38%	—
Current Drawdown Current decline from peak	-4.11%	-2.58%	-1.53%
Average Drawdown Average peak-to-trough decline	-1.73%	-2.39%	+0.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.45%	—

Volatility

Volatility by Period

	CAGE	SROI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.35%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.12%	—
Volatility (1Y) Calculated over the trailing 1-year period	20.92%	14.35%	+6.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.92%	14.01%	+6.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.92%	14.01%	+6.91%

Dividends

CAGE vs. SROI - Dividend Comparison

CAGE has not paid dividends to shareholders, while SROI's dividend yield for the trailing twelve months is around 0.55%.

Position	TTM	2025	2024	2023
CAGE Calamos Autocallable Growth ETF	0.00%	0.00%	0.00%	0.00%
SROI Calamos Antetokounmpo Global Sustainable Equities ETF	0.55%	0.60%	0.68%	0.94%

Frequently Asked Questions

Can I hold both CAGE and SROI in my portfolio?

With a correlation of 0.93, CAGE and SROI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF pays a higher dividend yield, CAGE or SROI?

SROI has the higher dividend yield at 0.55%, compared with 0.00% for CAGE.

What is the main difference between CAGE and SROI?

CAGE is categorized as Derivative Income, while SROI is Global Equities.