CAIE vs. XV

Last updated Aug 2, 2026

CAIE (Calamos Autocallable Income ETF) and XV (Simplify Target 15 Distribution ETF) are both Derivative Income funds. CAIE is passively managed, while XV is actively managed. Over the past year, CAIE returned 19.60% vs 10.75% for XV. Their 0.66 correlation means they have sometimes moved together and sometimes differently. CAIE charges 0.86%/yr vs 0.75%/yr for XV.

Performance

CAIE vs. XV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Calamos Autocallable Income ETF (CAIE) and Simplify Target 15 Distribution ETF (XV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CAIE achieves a 7.94% return, which is significantly higher than XV's 4.42% return.

CAIE

• 1D: 0.56%
• 1M: -0.22%
• 6M: 6.59%
• YTD: 7.94%
• 1Y: 19.60%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.88%

XV

• 1D: 0.21%
• 1M: -0.04%
• 6M: 3.73%
• YTD: 4.42%
• 1Y: 10.75%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.08%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CAIE Calamos Autocallable Income ETF	$17.59M	$16.27M	$13.26M
XV Simplify Target 15 Distribution ETF	$1.78M	$1.49M	$1.01M

CAIE vs. XV - Yearly Performance Comparison

	2026 (YTD)	2025
CAIE Calamos Autocallable Income ETF	7.94%	15.12%
XV Simplify Target 15 Distribution ETF	4.42%	7.62%

Correlation

The correlation between CAIE and XV is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.67
Correlation (All Time) Calculated using the full available price history since Jun 25, 2025	0.66

The correlation between CAIE and XV has been stable across timeframes, ranging from 0.66 to 0.67 - a consistent structural relationship.

Return for Risk

CAIE vs. XV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CAIE

CAIE Risk / Return Rank: 63
CAIE Sharpe Ratio Rank: 60
CAIE Sortino Ratio Rank: 58
CAIE Omega Ratio Rank: 59
CAIE Calmar Ratio Rank: 63
CAIE Martin Ratio Rank: 75

XV

XV Risk / Return Rank: 49
XV Sharpe Ratio Rank: 46
XV Sortino Ratio Rank: 47
XV Omega Ratio Rank: 44
XV Calmar Ratio Rank: 51
XV Martin Ratio Rank: 59

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CAIE vs. XV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Calamos Autocallable Income ETF (CAIE) and Simplify Target 15 Distribution ETF (XV). 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	XV	Difference
Sharpe ratio: Return per unit of total volatility	1.41	1.16	+0.25
Sortino ratio: Return per unit of downside risk	1.98	1.70	+0.27
Omega ratio: Gain probability vs. loss probability	1.26	1.20	+0.05
Calmar ratio: Return relative to maximum drawdown	2.19	1.83	+0.36
Martin ratio: Return relative to average drawdown	9.25	7.02	+2.24

CAIE vs. XV - Sharpe Ratio Comparison

The current CAIE Sharpe Ratio is 1.41, which is comparable to the XV Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of CAIE and XV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CAIE vs. XV - Drawdown Comparison

The maximum CAIE drawdown since its inception was -7.73%, which is greater than XV's maximum drawdown of -5.73%. Use the drawdown chart below to compare losses from any high point for CAIE and XV.

Drawdown Indicators

	CAIE	XV	Difference
Max Drawdown Largest peak-to-trough decline	-7.73%	-5.73%	-2.00%
Max Drawdown (1Y) Largest decline over 1 year	-7.73%	-5.73%	-2.00%
Current Drawdown Current decline from peak	-1.42%	-1.36%	-0.06%
Average Drawdown Average peak-to-trough decline	-1.13%	-0.96%	-0.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.84%	1.49%	+0.35%

Volatility

CAIE vs. XV - Volatility Comparison

Calamos Autocallable Income ETF (CAIE) has a higher volatility of 3.11% compared to Simplify Target 15 Distribution ETF (XV) at 2.79%. This indicates that CAIE's price experiences larger fluctuations and is considered to be riskier than XV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CAIE	XV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.11%	2.79%	+0.32%
Volatility (6M) Calculated over the trailing 6-month period	8.39%	6.91%	+1.48%
Volatility (1Y) Calculated over the trailing 1-year period	12.04%	9.09%	+2.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.84%	10.84%	+1.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.84%	10.84%	+1.00%

CAIE vs. XV - Expense Ratio Comparison

CAIE has a 0.86% expense ratio, which is higher than XV's 0.75% expense ratio.

Dividends

CAIE vs. XV - Dividend Comparison

CAIE's dividend yield for the trailing twelve months is around 14.57%, less than XV's 19.22% yield.

Position	TTM	2025
CAIE Calamos Autocallable Income ETF	13.13%	7.46%
XV Simplify Target 15 Distribution ETF	19.22%	13.87%

Frequently Asked Questions

Can I hold both CAIE and XV in my portfolio?

CAIE and XV have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CAIE or XV?

CAIE has higher volatility (3.11%) compared to XV (2.79%). In terms of maximum drawdown, CAIE dropped -7.73% vs XV's -5.73%.

Which ETF is better, CAIE or XV?

On 1-year performance, CAIE leads with 19.60% vs 10.75% for XV. On fees, XV is cheaper at 0.75% per year. On volatility, XV has been the lower-risk option at 2.79%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CAIE or XV?

Over the 1-year period, CAIE has performed better with a 19.60% return vs 10.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CAIE or XV?

XV is cheaper with a 0.75% expense ratio, compared with 0.86% for CAIE.

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

XV has the higher dividend yield at 19.22%, compared with 13.13% for CAIE.

What is the main difference between CAIE and XV?

They also come from different issuers: Calamos and Simplify. Their fees differ too: 0.86% for CAIE and 0.75% for XV.

Which has better risk-adjusted returns?

CAIE currently has the higher Sharpe Ratio (1.41 vs 1.16), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.