CAIE vs. SBAR

Last updated Apr 2, 2026

Compare and contrast key facts about Calamos Autocallable Income ETF (CAIE) and Simplify Barrier Income ETF (SBAR).

CAIE and SBAR 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. SBAR is an actively managed fund by Simplify. It was launched on Apr 14, 2025.

Performance

CAIE vs. SBAR - Performance Comparison

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

CAIE vs. SBAR - Yearly Performance Comparison

	2026 (YTD)	2025
CAIE Calamos Autocallable Income ETF	-3.27%	15.15%
SBAR Simplify Barrier Income ETF	-3.80%	7.57%

Returns By Period

In the year-to-date period, CAIE achieves a -3.27% return, which is significantly higher than SBAR's -3.80% return.

CAIE

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

SBAR

• 1D: -0.53%
• 1M: -3.84%
• YTD: -3.80%
• 6M: -0.80%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CAIE vs. SBAR - Expense Ratio Comparison

CAIE has a 0.74% expense ratio, which is lower than SBAR's 0.75% expense ratio.

SBAR

Simplify Barrier Income ETF

CAIE

Calamos Autocallable Income ETF

Return for Risk

CAIE vs. SBAR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Calamos Autocallable Income ETF (CAIE) and Simplify Barrier Income ETF (SBAR). 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	SBAR	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.23	0.98	+0.25

Correlation

The correlation between CAIE and SBAR is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

CAIE vs. SBAR - Dividend Comparison

CAIE's dividend yield for the trailing twelve months is around 11.86%, less than SBAR's 12.37% yield.

	TTM	2025
CAIE Calamos Autocallable Income ETF	11.86%	7.46%
SBAR Simplify Barrier Income ETF	12.37%	8.56%

Drawdowns

CAIE vs. SBAR - Drawdown Comparison

The maximum CAIE drawdown since its inception was -7.73%, which is greater than SBAR's maximum drawdown of -5.32%. Use the drawdown chart below to compare losses from any high point for CAIE and SBAR.

Drawdown Indicators

	CAIE	SBAR	Difference
Max Drawdown Largest peak-to-trough decline	-7.73%	-5.32%	-2.41%
Current Drawdown Current decline from peak	-5.08%	-4.90%	-0.18%
Average Drawdown Average peak-to-trough decline	-1.14%	-0.96%	-0.18%

Volatility

Volatility by Period

	CAIE	SBAR	Difference
Volatility (1Y) Calculated over the trailing 1-year period	12.32%	10.14%	+2.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.32%	10.14%	+2.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.32%	10.14%	+2.18%