CAIQ vs. GPIQ

Last updated Jun 26, 2026

CAIQ (Calamos Nasdaq Autocallable Income ETF) and GPIQ (Goldman Sachs Nasdaq-100 Core Premium Income ETF) are both Nasdaq-100 funds. CAIQ is passively managed, while GPIQ is actively managed. Their correlation of 0.91 suggests significant overlap in exposure. CAIQ charges 0.74%/yr vs 0.29%/yr for GPIQ.

Performance

CAIQ vs. GPIQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Calamos Nasdaq Autocallable Income ETF (CAIQ) and Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CAIQ achieves a 11.57% return, which is significantly lower than GPIQ's 15.39% return.

CAIQ

• 1D: 0.27%
• 1M: -1.17%
• YTD: 11.57%
• 6M: 10.29%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GPIQ

• 1D: 0.77%
• 1M: -0.88%
• YTD: 15.39%
• 6M: 13.99%
• 1Y: 30.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CAIQ vs. GPIQ - Yearly Performance Comparison

	2026 (YTD)	2025
CAIQ Calamos Nasdaq Autocallable Income ETF	11.57%	4.03%
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	15.39%	3.12%

Correlation

The correlation between CAIQ and GPIQ is 0.91, 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 Nov 20, 2025	0.91

Return for Risk

CAIQ vs. GPIQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments 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.

GPIQ

GPIQ Risk / Return Rank: 74
GPIQ Sharpe Ratio Rank: 74
GPIQ Sortino Ratio Rank: 69
GPIQ Omega Ratio Rank: 74
GPIQ Calmar Ratio Rank: 74
GPIQ Martin Ratio Rank: 81

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.

CAIQ vs. GPIQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Calamos Nasdaq Autocallable Income ETF (CAIQ) and Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ). 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	GPIQ	Difference
Sharpe ratio: Return per unit of total volatility	—	2.05	—
Sortino ratio: Return per unit of downside risk	—	2.71	—
Omega ratio: Gain probability vs. loss probability	—	1.38	—
Calmar ratio: Return relative to maximum drawdown	—	3.26	—
Martin ratio: Return relative to average drawdown	—	13.66	—

Drawdowns

CAIQ vs. GPIQ - Drawdown Comparison

The maximum CAIQ drawdown since its inception was -9.06%, smaller than the maximum GPIQ drawdown of -21.06%. Use the drawdown chart below to compare losses from any high point for CAIQ and GPIQ.

Drawdown Indicators

	CAIQ	GPIQ	Difference
Max Drawdown Largest peak-to-trough decline	-9.06%	-21.06%	+12.00%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.51%	—
Current Drawdown Current decline from peak	-1.74%	-2.76%	+1.02%
Average Drawdown Average peak-to-trough decline	-1.68%	-2.27%	+0.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.27%	—

Volatility

Volatility by Period

	CAIQ	GPIQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.69%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.50%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.68%	15.14%	-1.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.68%	17.85%	-4.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.68%	17.85%	-4.17%

CAIQ vs. GPIQ - Expense Ratio Comparison

CAIQ has a 0.74% expense ratio, which is higher than GPIQ's 0.29% expense ratio.

Dividends

CAIQ vs. GPIQ - Dividend Comparison

CAIQ's dividend yield for the trailing twelve months is around 8.61%, less than GPIQ's 9.56% yield.

Position	TTM	2025	2024	2023
CAIQ Calamos Nasdaq Autocallable Income ETF	8.61%	1.54%	0.00%	0.00%
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	9.56%	9.81%	9.18%	1.74%

Frequently Asked Questions

Can I hold both CAIQ and GPIQ in my portfolio?

With a correlation of 0.91, CAIQ and GPIQ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, CAIQ or GPIQ?

On fees, GPIQ is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CAIQ or GPIQ?

GPIQ is cheaper with a 0.29% expense ratio, compared with 0.74% for CAIQ.

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

GPIQ has the higher dividend yield at 9.56%, compared with 8.61% for CAIQ.

What is the main difference between CAIQ and GPIQ?

They also come from different issuers: Calamos and Goldman Sachs. Their fees differ too: 0.74% for CAIQ and 0.29% for GPIQ.