CAIE vs. JEPQ

Last updated Apr 2, 2026

Compare and contrast key facts about Calamos Autocallable Income ETF (CAIE) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).

CAIE and JEPQ 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. JEPQ is a passively managed fund by JPMorgan that tracks the performance of the Nasdaq-100 Index. It was launched on May 3, 2022. Both CAIE and JEPQ 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. JEPQ - Performance Comparison

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

CAIE vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)	2025
CAIE Calamos Autocallable Income ETF	-3.27%	15.15%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	-1.88%	14.53%

Returns By Period

In the year-to-date period, CAIE achieves a -3.27% return, which is significantly lower than JEPQ's -1.88% return.

CAIE

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

JEPQ

• 1D: 1.02%
• 1M: -2.60%
• YTD: -1.88%
• 6M: 2.46%
• 1Y: 20.16%
• 3Y*: 19.46%
• 5Y*: —
• 10Y*: —

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

CAIE vs. JEPQ - Expense Ratio Comparison

CAIE has a 0.74% expense ratio, which is higher than JEPQ's 0.35% expense ratio.

CAIE

Calamos Autocallable Income ETF

JEPQ

JPMorgan Nasdaq Equity Premium Income ETF

Return for Risk

CAIE vs. JEPQ — Risk / Return Rank

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

JEPQ

JEPQ Risk / Return Rank: 68
JEPQ Sharpe Ratio Rank: 60
JEPQ Sortino Ratio Rank: 63
JEPQ Omega Ratio Rank: 71
JEPQ Calmar Ratio Rank: 69
JEPQ Martin Ratio Rank: 79

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.

CAIE vs. JEPQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Calamos Autocallable Income ETF (CAIE) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). 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	JEPQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.09	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.23	0.84	+0.39

Correlation

The correlation between CAIE and JEPQ is 0.85, 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. JEPQ - Dividend Comparison

CAIE's dividend yield for the trailing twelve months is around 11.86%, more than JEPQ's 11.14% yield.

	TTM	2025	2024	2023	2022
CAIE Calamos Autocallable Income ETF	11.86%	7.46%	0.00%	0.00%	0.00%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	11.14%	10.53%	9.65%	10.03%	9.44%

Drawdowns

CAIE vs. JEPQ - Drawdown Comparison

The maximum CAIE drawdown since its inception was -7.73%, smaller than the maximum JEPQ drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for CAIE and JEPQ.

Drawdown Indicators

	CAIE	JEPQ	Difference
Max Drawdown Largest peak-to-trough decline	-7.73%	-20.07%	+12.34%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.58%	—
Current Drawdown Current decline from peak	-5.08%	-4.89%	-0.19%
Average Drawdown Average peak-to-trough decline	-1.14%	-3.55%	+2.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.36%	—

Volatility

Volatility by Period

	CAIE	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.08%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.52%	—
Volatility (1Y) Calculated over the trailing 1-year period	12.32%	18.54%	-6.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.32%	16.91%	-4.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.32%	16.91%	-4.59%