CAIE vs. XDTE

Last updated Jun 5, 2026

CAIE (Calamos Autocallable Income ETF) and XDTE (Roundhill S&P 500 0DTE Covered Call Strategy ETF) are both Derivative Income funds. CAIE is passively managed, while XDTE is actively managed. Their correlation of 0.90 suggests significant overlap in exposure. CAIE charges 0.74%/yr vs 0.97%/yr for XDTE.

Performance

CAIE vs. XDTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Calamos Autocallable Income ETF (CAIE) and Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with CAIE having a 9.42% return and XDTE slightly lower at 9.12%.

CAIE

• 1D: 0.33%
• 1M: 3.38%
• YTD: 9.42%
• 6M: 9.31%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

XDTE

• 1D: 0.27%
• 1M: 3.52%
• YTD: 9.12%
• 6M: 9.07%
• 1Y: 25.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CAIE vs. XDTE - Yearly Performance Comparison

	2026 (YTD)	2025
CAIE Calamos Autocallable Income ETF	9.42%	15.15%
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	9.12%	12.82%

Correlation

The correlation between CAIE and XDTE is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.90

CAIE vs. XDTE - Sectors Allocation Comparison

Sectors	CAIE	XDTE
Basic Materials	13.4%	1.8%
Communication Services	-	11.2%
Consumer Cyclical	-	10.1%
Consumer Defensive	-	4.9%
Energy	-	3.5%
Financial Services	-	11.8%
Healthcare	-	8.5%
Industrials	-	8.3%
Real Estate	-	1.9%
Technology	-	35.6%
Utilities	-	2.4%

Return for Risk

CAIE vs. XDTE — Risk / Return Rank

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

XDTE

XDTE Risk / Return Rank: 73
XDTE Sharpe Ratio Rank: 73
XDTE Sortino Ratio Rank: 71
XDTE Omega Ratio Rank: 73
XDTE Calmar Ratio Rank: 69
XDTE 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. XDTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Calamos Autocallable Income ETF (CAIE) and Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE). 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	XDTE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.36	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.34	1.26	+1.09

Drawdowns

CAIE vs. XDTE - Drawdown Comparison

The maximum CAIE drawdown since its inception was -7.73%, smaller than the maximum XDTE drawdown of -19.09%. Use the drawdown chart below to compare losses from any high point for CAIE and XDTE.

Drawdown Indicators

	CAIE	XDTE	Difference
Max Drawdown Largest peak-to-trough decline	-7.73%	-19.09%	+11.36%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.68%	—
Current Drawdown Current decline from peak	-0.07%	-0.39%	+0.32%
Average Drawdown Average peak-to-trough decline	-1.05%	-2.31%	+1.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.68%	—

Volatility

Volatility by Period

	CAIE	XDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.43%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.28%	—
Volatility (1Y) Calculated over the trailing 1-year period	11.91%	10.99%	+0.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.91%	13.84%	-1.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.91%	13.84%	-1.93%

CAIE vs. XDTE - Expense Ratio Comparison

CAIE has a 0.74% expense ratio, which is lower than XDTE's 0.97% expense ratio.

Dividends

CAIE vs. XDTE - Dividend Comparison

CAIE's dividend yield for the trailing twelve months is around 13.05%, less than XDTE's 33.55% yield.

Position	TTM	2025	2024
CAIE Calamos Autocallable Income ETF	13.05%	7.46%	0.00%
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	33.55%	39.16%	20.35%

Frequently Asked Questions

Can I hold both CAIE and XDTE in my portfolio?

CAIE and XDTE have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CAIE or XDTE?

On fees, CAIE is cheaper at 0.74% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CAIE or XDTE?

CAIE is cheaper with a 0.74% expense ratio, compared with 0.97% for XDTE.

Which ETF pays a higher dividend yield, CAIE or XDTE?

XDTE has the higher dividend yield at 33.55%, compared with 13.05% for CAIE.

What is the main difference between CAIE and XDTE?

They also come from different issuers: Calamos and Roundhill. Their fees differ too: 0.74% for CAIE and 0.97% for XDTE.