CAIQ vs. CAIE

Last updated Aug 2, 2026

CAIQ (Calamos Nasdaq Autocallable Income ETF) and CAIE (Calamos Autocallable Income ETF) are both exchange-traded funds - CAIQ is a Nasdaq-100 fund tracking the MerQube Nasdaq-100 Vol Advantage Autocallable Index, while CAIE is a Derivative Income fund tracking the MerQube US Large Cap Vol Advantage Autocallable Total Return Index. Both are passively managed. Their correlation of 0.83 means they have usually moved in the same direction. CAIQ charges 0.74%/yr vs 0.86%/yr for CAIE.

Performance

CAIQ vs. CAIE - Performance Comparison

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

Returns By Period

In the year-to-date period, CAIQ achieves a 8.99% return, which is significantly higher than CAIE's 7.94% return.

CAIQ

• 1D: 0.51%
• 1M: -2.40%
• 6M: 8.13%
• YTD: 8.99%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

CAIE

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

*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
CAIQ Calamos Nasdaq Autocallable Income ETF	$5.22M	$5.65M	$5.13M

CAIQ vs. CAIE - Yearly Performance Comparison

	2026 (YTD)	2025
CAIQ Calamos Nasdaq Autocallable Income ETF	8.99%	4.03%
CAIE Calamos Autocallable Income ETF	7.94%	1.93%

Correlation

The correlation between CAIQ and CAIE is 0.83, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 20, 2025	0.83

Return for Risk

CAIQ vs. CAIE — Risk / Return Rank

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

CAIQ

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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

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.

CAIQ vs. CAIE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Calamos Nasdaq Autocallable Income ETF (CAIQ) and Calamos Autocallable Income ETF (CAIE). 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.

	CAIQ	CAIE	Difference
Sharpe ratio: Return per unit of total volatility	—	1.41	—
Sortino ratio: Return per unit of downside risk	—	1.98	—
Omega ratio: Gain probability vs. loss probability	—	1.26	—
Calmar ratio: Return relative to maximum drawdown	—	2.19	—
Martin ratio: Return relative to average drawdown	—	9.25	—

Drawdowns

CAIQ vs. CAIE - Drawdown Comparison

The maximum CAIQ drawdown since its inception was -9.06%, which is greater than CAIE's maximum drawdown of -7.73%. Use the drawdown chart below to compare losses from any high point for CAIQ and CAIE.

Drawdown Indicators

	CAIQ	CAIE	Difference
Max Drawdown Largest peak-to-trough decline	-9.06%	-7.73%	-1.33%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.73%	—
Current Drawdown Current decline from peak	-4.01%	-1.42%	-2.59%
Average Drawdown Average peak-to-trough decline	-1.84%	-1.13%	-0.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.84%	—

Volatility

Volatility by Period

	CAIQ	CAIE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.11%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.39%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.52%	12.04%	+1.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.52%	11.84%	+1.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.52%	11.84%	+1.68%

CAIQ vs. CAIE - Expense Ratio Comparison

CAIQ has a 0.74% expense ratio, which is lower than CAIE's 0.86% expense ratio.

Dividends

CAIQ vs. CAIE - Dividend Comparison

CAIQ's dividend yield for the trailing twelve months is around 10.41%, less than CAIE's 14.57% yield.

Position	TTM	2025
CAIE Calamos Autocallable Income ETF	13.13%	7.46%
CAIQ Calamos Nasdaq Autocallable Income ETF	10.41%	1.54%

Frequently Asked Questions

Can I hold both CAIQ and CAIE in my portfolio?

CAIQ and CAIE have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CAIQ or CAIE?

On fees, CAIQ 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, CAIQ or CAIE?

CAIQ is cheaper with a 0.74% expense ratio, compared with 0.86% for CAIE.

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

CAIE has the higher dividend yield at 13.13%, compared with 10.41% for CAIQ.

What is the main difference between CAIQ and CAIE?

CAIQ is categorized as Nasdaq-100, while CAIE is Derivative Income. CAIQ tracks MerQube Nasdaq-100 Vol Advantage Autocallable Index, while CAIE tracks MerQube US Large Cap Vol Advantage Autocallable Total Return Index. Their fees differ too: 0.74% for CAIQ and 0.86% for CAIE.