CAIE vs. CAIQ
CAIE (Calamos Autocallable Income ETF) and CAIQ (Calamos Nasdaq Autocallable Income ETF) are both exchange-traded funds - CAIE is a Derivative Income fund tracking the MerQube US Large Cap Vol Advantage Autocallable Total Return Index, while CAIQ is a Nasdaq-100 fund tracking the MerQube Nasdaq-100 Vol Advantage Autocallable Index. Both are passively managed. Their correlation of 0.83 means they have usually moved in the same direction. CAIE charges 0.86%/yr vs 0.74%/yr for CAIQ.
Performance
CAIE vs. CAIQ - Performance Comparison
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Returns By Period
In the year-to-date period, CAIE achieves a 7.94% return, which is significantly lower than CAIQ's 8.99% return.
CAIE
- 1D
- 0.56%
- 1M
- -0.22%
- 6M
- 6.59%
- YTD
- 7.94%
- 1Y
- 19.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 21.88%
CAIQ
- 1D
- 0.51%
- 1M
- -2.40%
- 6M
- 8.13%
- YTD
- 8.99%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $17.59M | $16.27M | $13.26M | |
| $5.22M | $5.65M | $5.13M |
CAIE vs. CAIQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CAIE Calamos Autocallable Income ETF | 7.94% | 1.93% |
CAIQ Calamos Nasdaq Autocallable Income ETF | 8.99% | 4.03% |
Correlation
The correlation between CAIE and CAIQ is 0.83, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 20, 2025 | 0.83 |
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Return for Risk
CAIE vs. CAIQ — Risk / Return Rank
CAIE
CAIQ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CAIE vs. CAIQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Autocallable Income ETF (CAIE) and Calamos Nasdaq Autocallable Income ETF (CAIQ). 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.
| CAIE | CAIQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.26 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.19 | — | — |
| Martin ratioReturn relative to average drawdown | 9.25 | — | — |
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Drawdowns
CAIE vs. CAIQ - Drawdown Comparison
The maximum CAIE drawdown since its inception was -7.73%, smaller than the maximum CAIQ drawdown of -9.06%. Use the drawdown chart below to compare losses from any high point for CAIE and CAIQ.
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Drawdown Indicators
| CAIE | CAIQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.73% | -9.06% | +1.33% |
Max Drawdown (1Y)Largest decline over 1 year | -7.73% | — | — |
Current DrawdownCurrent decline from peak | -1.42% | -4.01% | +2.59% |
Average DrawdownAverage peak-to-trough decline | -1.13% | -1.84% | +0.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.84% | — | — |
Volatility
CAIE vs. CAIQ - Volatility Comparison
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Volatility by Period
| CAIE | CAIQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.11% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 8.39% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 12.04% | 13.52% | -1.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.84% | 13.52% | -1.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.84% | 13.52% | -1.68% |
CAIE vs. CAIQ - Expense Ratio Comparison
CAIE has a 0.86% expense ratio, which is higher than CAIQ's 0.74% expense ratio.
Dividends
CAIE vs. CAIQ - Dividend Comparison
CAIE's dividend yield for the trailing twelve months is around 14.57%, more than CAIQ's 10.41% yield.
| Position | TTM | 2025 |
|---|---|---|
CAIE Calamos Autocallable Income ETF | 13.13% | 7.46% |
CAIQ Calamos Nasdaq Autocallable Income ETF | 10.41% | 1.54% |
Frequently Asked Questions
CAIE and CAIQ have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CAIQ is cheaper at 0.74% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CAIQ is cheaper with a 0.74% expense ratio, compared with 0.86% for CAIE.
CAIE has the higher dividend yield at 13.13%, compared with 10.41% for CAIQ.
CAIE is categorized as Derivative Income, while CAIQ is Nasdaq-100. CAIE tracks MerQube US Large Cap Vol Advantage Autocallable Total Return Index, while CAIQ tracks MerQube Nasdaq-100 Vol Advantage Autocallable Index. Their fees differ too: 0.86% for CAIE and 0.74% for CAIQ.
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