CAIQ vs. MLPX
CAIQ (Calamos Nasdaq Autocallable Income ETF) and MLPX (Global X MLP & Energy Infrastructure ETF) are both exchange-traded funds - CAIQ is a Nasdaq-100 fund tracking the MerQube Nasdaq-100 Vol Advantage Autocallable Index, while MLPX is a MLPs fund tracking the Solactive MLP & Energy Infrastructure Index. Both are passively managed. At a correlation of -0.23, they often move in opposite directions. CAIQ charges 0.74%/yr vs 0.45%/yr for MLPX.
Performance
CAIQ vs. MLPX - Performance Comparison
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Returns By Period
In the year-to-date period, CAIQ achieves a 11.57% return, which is significantly lower than MLPX's 26.34% return.
CAIQ
- 1D
- 0.27%
- 1M
- -1.17%
- YTD
- 11.57%
- 6M
- 10.29%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MLPX
- 1D
- 2.21%
- 1M
- -1.01%
- YTD
- 26.34%
- 6M
- 26.59%
- 1Y
- 27.99%
- 3Y*
- 29.17%
- 5Y*
- 21.45%
- 10Y*
- 13.35%
CAIQ vs. MLPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CAIQ Calamos Nasdaq Autocallable Income ETF | 11.57% | 4.03% |
MLPX Global X MLP & Energy Infrastructure ETF | 26.34% | 1.53% |
Correlation
The correlation between CAIQ and MLPX is -0.23, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 20, 2025 | -0.23 |
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Return for Risk
CAIQ vs. MLPX — Risk / Return Rank
CAIQ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MLPX
CAIQ vs. MLPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Nasdaq Autocallable Income ETF (CAIQ) and Global X MLP & Energy Infrastructure ETF (MLPX). 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 | MLPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.31 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.44 | — |
| Martin ratioReturn relative to average drawdown | — | 8.20 | — |
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Drawdowns
CAIQ vs. MLPX - Drawdown Comparison
The maximum CAIQ drawdown since its inception was -9.06%, smaller than the maximum MLPX drawdown of -70.67%. Use the drawdown chart below to compare losses from any high point for CAIQ and MLPX.
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Drawdown Indicators
| CAIQ | MLPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.06% | -70.67% | +61.61% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.18% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.77% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.72% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -64.70% | — |
Current DrawdownCurrent decline from peak | -1.74% | -3.58% | +1.84% |
Average DrawdownAverage peak-to-trough decline | -1.68% | -16.57% | +14.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.42% | — |
Volatility
CAIQ vs. MLPX - Volatility Comparison
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Volatility by Period
| CAIQ | MLPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.88% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 12.02% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.68% | 15.53% | -1.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.68% | 20.03% | -6.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.68% | 26.47% | -12.79% |
CAIQ vs. MLPX - Expense Ratio Comparison
CAIQ has a 0.74% expense ratio, which is higher than MLPX's 0.45% expense ratio.
Dividends
CAIQ vs. MLPX - Dividend Comparison
CAIQ's dividend yield for the trailing twelve months is around 8.61%, more than MLPX's 4.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAIQ Calamos Nasdaq Autocallable Income ETF | 8.61% | 1.54% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MLPX Global X MLP & Energy Infrastructure ETF | 4.06% | 4.88% | 4.30% | 5.22% | 5.23% | 5.98% | 8.32% | 5.78% | 5.77% | 4.36% | 5.50% | 4.81% |
Frequently Asked Questions
CAIQ and MLPX have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MLPX is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MLPX is cheaper with a 0.45% expense ratio, compared with 0.74% for CAIQ.
CAIQ has the higher dividend yield at 8.61%, compared with 4.06% for MLPX.
CAIQ is categorized as Nasdaq-100, while MLPX is MLPs. CAIQ tracks MerQube Nasdaq-100 Vol Advantage Autocallable Index, while MLPX tracks Solactive MLP & Energy Infrastructure Index. They also come from different issuers: Calamos and Global X. Their fees differ too: 0.74% for CAIQ and 0.45% for MLPX.
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