CAIQ vs. GPIQ

Last updated Jun 6, 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 0.93 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 11.17% return, which is significantly lower than GPIQ's 13.22% return.

CAIQ

• 1D: -1.66%
• 1M: 0.36%
• YTD: 11.17%
• 6M: 10.46%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GPIQ

• 1D: -3.97%
• 1M: 1.27%
• YTD: 13.22%
• 6M: 12.22%
• 1Y: 32.06%
• 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	11.17%	4.03%
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	13.22%	5.43%

Correlation

The correlation between CAIQ and GPIQ is 0.93, 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 21, 2025	0.93

Return for Risk

CAIQ vs. GPIQ — Risk / Return Rank

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

GPIQ

GPIQ Risk / Return Rank: 72
GPIQ Sharpe Ratio Rank: 72
GPIQ Sortino Ratio Rank: 66
GPIQ Omega Ratio Rank: 72
GPIQ Calmar Ratio Rank: 69
GPIQ Martin Ratio Rank: 78

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.

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

Sharpe Ratios by Period

	CAIQ	GPIQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.30	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.23	1.64	+0.59

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	-2.10%	-4.47%	+2.37%
Average Drawdown Average peak-to-trough decline	-1.72%	-2.27%	+0.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.17%	—

Volatility

Volatility by Period

	CAIQ	GPIQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.36%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.24%	—
Volatility (1Y) Calculated over the trailing 1-year period	14.15%	14.01%	+0.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.15%	17.62%	-3.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.15%	17.62%	-3.47%

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 8.64%, less than GPIQ's 9.74% yield.

Position	TTM	2025	2024	2023
CAIQ Calamos Nasdaq Autocallable Income ETF	8.64%	1.54%	0.00%	0.00%
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	9.74%	9.81%	9.18%	1.74%

Frequently Asked Questions

Can I hold both CAIQ and GPIQ in my portfolio?

With a correlation of 0.93, 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 9.74%, compared with 8.64% 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.