CAIE vs. VTIP
CAIE (Calamos Autocallable Income ETF) and VTIP (Vanguard Short-Term Inflation-Protected Securities ETF) are both exchange-traded funds - CAIE is a Derivative Income fund tracking the MerQube US Large Cap Vol Advantage Autocallable Index, while VTIP is a Inflation-Protected Bonds fund tracking the Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Year Index. Both are passively managed. At a 0.02 correlation, their price movements are largely independent. CAIE charges 0.74%/yr vs 0.03%/yr for VTIP.
Performance
CAIE vs. VTIP - Performance Comparison
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Returns By Period
In the year-to-date period, CAIE achieves a 8.63% return, which is significantly higher than VTIP's 1.91% return.
CAIE
- 1D
- 1.15%
- 1M
- 1.01%
- YTD
- 8.63%
- 6M
- 9.20%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VTIP
- 1D
- 0.06%
- 1M
- -0.00%
- YTD
- 1.91%
- 6M
- 2.03%
- 1Y
- 4.57%
- 3Y*
- 5.19%
- 5Y*
- 3.46%
- 10Y*
- 3.09%
CAIE vs. VTIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CAIE Calamos Autocallable Income ETF | 8.63% | 15.12% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 1.91% | 2.19% |
Correlation
The correlation between CAIE and VTIP is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 25, 2025 | 0.02 |
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Return for Risk
CAIE vs. VTIP — Risk / Return Rank
CAIE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
VTIP
CAIE vs. VTIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Autocallable Income ETF (CAIE) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP). 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 | VTIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.65 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 6.57 | — |
| Martin ratioReturn relative to average drawdown | — | 25.33 | — |
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Drawdowns
CAIE vs. VTIP - Drawdown Comparison
The maximum CAIE drawdown since its inception was -7.73%, which is greater than VTIP's maximum drawdown of -6.27%. Use the drawdown chart below to compare losses from any high point for CAIE and VTIP.
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Drawdown Indicators
| CAIE | VTIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.73% | -6.27% | -1.46% |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.70% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.98% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -5.50% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -6.27% | — |
Current DrawdownCurrent decline from peak | -0.80% | -0.16% | -0.64% |
Average DrawdownAverage peak-to-trough decline | -1.08% | -1.04% | -0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.18% | — |
Volatility
CAIE vs. VTIP - Volatility Comparison
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Volatility by Period
| CAIE | VTIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.40% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 1.04% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 12.08% | 1.50% | +10.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.08% | 2.77% | +9.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.08% | 2.74% | +9.34% |
CAIE vs. VTIP - Expense Ratio Comparison
CAIE has a 0.74% expense ratio, which is higher than VTIP's 0.03% expense ratio.
Dividends
CAIE vs. VTIP - Dividend Comparison
CAIE's dividend yield for the trailing twelve months is around 13.15%, more than VTIP's 3.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CAIE Calamos Autocallable Income ETF | 13.15% | 7.46% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 3.59% | 3.81% | 2.70% | 2.86% | 6.84% | 4.68% | 1.20% | 1.95% | 2.45% | 1.52% | 0.76% |
Frequently Asked Questions
CAIE and VTIP have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VTIP is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VTIP is cheaper with a 0.03% expense ratio, compared with 0.74% for CAIE.
CAIE has the higher dividend yield at 13.15%, compared with 3.59% for VTIP.
CAIE is categorized as Derivative Income, while VTIP is Inflation-Protected Bonds. CAIE tracks MerQube US Large Cap Vol Advantage Autocallable Index, while VTIP tracks Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Year Index. They also come from different issuers: Calamos and Vanguard. Their fees differ too: 0.74% for CAIE and 0.03% for VTIP.
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