CAIQ vs. CAIE

Last updated Apr 2, 2026

Compare and contrast key facts about Calamos Nasdaq Autocallable Income ETF (CAIQ) and Calamos Autocallable Income ETF (CAIE).

CAIQ and CAIE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CAIQ is a passively managed fund by Calamos that tracks the performance of the MerQube Nasdaq-100 Vol Advantage Autocallable Index. It was launched on Nov 20, 2024. 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. Both CAIQ and CAIE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

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.

CAIQ vs. CAIE - Yearly Performance Comparison

	2026 (YTD)	2025
CAIQ Calamos Nasdaq Autocallable Income ETF	-2.89%	4.03%
CAIE Calamos Autocallable Income ETF	-3.27%	3.35%

Returns By Period

In the year-to-date period, CAIQ achieves a -2.89% return, which is significantly higher than CAIE's -3.27% return.

CAIQ

• 1D: 1.33%
• 1M: -2.45%
• YTD: -2.89%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CAIE

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

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

CAIQ vs. CAIE - Expense Ratio Comparison

Both CAIQ and CAIE have an expense ratio of 0.74%.

CAIQ

Calamos Nasdaq Autocallable Income ETF

CAIE

Calamos Autocallable Income ETF

Return for Risk

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.

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

Sharpe Ratios by Period

	CAIQ	CAIE	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	1.23	-1.02

Correlation

The correlation between CAIQ and CAIE is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

CAIQ vs. CAIE - Dividend Comparison

CAIQ's dividend yield for the trailing twelve months is around 6.43%, less than CAIE's 11.86% yield.

	TTM	2025
CAIQ Calamos Nasdaq Autocallable Income ETF	6.43%	1.54%
CAIE Calamos Autocallable Income ETF	11.86%	7.46%

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%
Current Drawdown Current decline from peak	-5.07%	-5.08%	+0.01%
Average Drawdown Average peak-to-trough decline	-2.21%	-1.14%	-1.07%

Volatility

Volatility by Period

	CAIQ	CAIE	Difference
Volatility (1Y) Calculated over the trailing 1-year period	14.25%	12.32%	+1.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.25%	12.32%	+1.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.25%	12.32%	+1.93%