CAIE vs. CAIQ

Last updated Apr 2, 2026

Compare and contrast key facts about Calamos Autocallable Income ETF (CAIE) and Calamos Nasdaq Autocallable Income ETF (CAIQ).

CAIE and CAIQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CAIE is a passively managed fund by Calamos that tracks the performance of the MerQube US Large Cap Vol Advantage Autocallable Index. It was launched on Jun 25, 2025. CAIQ is a passively managed fund by Calamos that tracks the performance of the MerQube Nasdaq-100 Vol Advantage Autocallable Index. It was launched on Nov 20, 2024. Both CAIE and CAIQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

CAIE vs. CAIQ - Performance Comparison

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

CAIE vs. CAIQ - Yearly Performance Comparison

	2026 (YTD)	2025
CAIE Calamos Autocallable Income ETF	-3.27%	3.35%
CAIQ Calamos Nasdaq Autocallable Income ETF	-2.89%	4.03%

Returns By Period

In the year-to-date period, CAIE achieves a -3.27% return, which is significantly lower than CAIQ's -2.89% return.

CAIE

• 1D: 0.43%
• 1M: -3.60%
• YTD: -3.27%
• 6M: -1.94%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CAIQ

• 1D: 1.33%
• 1M: -2.45%
• YTD: -2.89%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CAIE vs. CAIQ - Expense Ratio Comparison

Both CAIE and CAIQ have an expense ratio of 0.74%.

CAIE

Calamos Autocallable Income ETF

CAIQ

Calamos Nasdaq Autocallable Income ETF

Return for Risk

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.

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

Sharpe Ratios by Period

	CAIE	CAIQ	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.23	0.21	+1.02

Correlation

The correlation between CAIE and CAIQ is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

CAIE vs. CAIQ - Dividend Comparison

CAIE's dividend yield for the trailing twelve months is around 11.86%, more than CAIQ's 6.43% yield.

	TTM	2025
CAIE Calamos Autocallable Income ETF	11.86%	7.46%
CAIQ Calamos Nasdaq Autocallable Income ETF	6.43%	1.54%

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.

Drawdown Indicators

	CAIE	CAIQ	Difference
Max Drawdown Largest peak-to-trough decline	-7.73%	-9.06%	+1.33%
Current Drawdown Current decline from peak	-5.08%	-5.07%	-0.01%
Average Drawdown Average peak-to-trough decline	-1.14%	-2.21%	+1.07%

Volatility

Volatility by Period

	CAIE	CAIQ	Difference
Volatility (1Y) Calculated over the trailing 1-year period	12.32%	14.25%	-1.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.32%	14.25%	-1.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.32%	14.25%	-1.93%