CAIQ vs. QQQI
CAIQ (Calamos Nasdaq Autocallable Income ETF) and QQQI (NEOS Nasdaq-100 High Income ETF) are both Nasdaq-100 funds. CAIQ is passively managed, while QQQI is actively managed. Their correlation of 0.93 suggests significant overlap in exposure. CAIQ charges 0.74%/yr vs 0.68%/yr for QQQI.
Performance
CAIQ vs. QQQI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CAIQ achieves a 11.17% return, which is significantly higher than QQQI's 8.55% return.
CAIQ
- 1D
- -1.66%
- 1M
- 0.36%
- YTD
- 11.17%
- 6M
- 10.46%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQQI
- 1D
- -3.97%
- 1M
- 0.08%
- YTD
- 8.55%
- 6M
- 7.71%
- 1Y
- 25.24%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CAIQ vs. QQQI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CAIQ Calamos Nasdaq Autocallable Income ETF | 11.17% | 4.03% |
QQQI NEOS Nasdaq-100 High Income ETF | 8.55% | 5.75% |
Correlation
The correlation between CAIQ and QQQI 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 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CAIQ vs. QQQI — Risk / Return Rank
CAIQ
QQQI
CAIQ vs. QQQI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Nasdaq Autocallable Income ETF (CAIQ) and NEOS Nasdaq-100 High Income ETF (QQQI). 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.
Loading charts...
Sharpe Ratios by Period
| CAIQ | QQQI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.87 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.23 | 1.18 | +1.05 |
Drawdowns
CAIQ vs. QQQI - Drawdown Comparison
The maximum CAIQ drawdown since its inception was -9.06%, smaller than the maximum QQQI drawdown of -20.00%. Use the drawdown chart below to compare losses from any high point for CAIQ and QQQI.
Loading charts...
Drawdown Indicators
| CAIQ | QQQI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.06% | -20.00% | +10.94% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.61% | — |
Current DrawdownCurrent decline from peak | -2.10% | -4.47% | +2.37% |
Average DrawdownAverage peak-to-trough decline | -1.72% | -2.20% | +0.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.15% | — |
Volatility
CAIQ vs. QQQI - Volatility Comparison
Loading charts...
Volatility by Period
| CAIQ | QQQI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.92% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 10.68% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 14.15% | 13.61% | +0.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.15% | 17.25% | -3.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.15% | 17.25% | -3.10% |
CAIQ vs. QQQI - Expense Ratio Comparison
CAIQ has a 0.74% expense ratio, which is higher than QQQI's 0.68% expense ratio.
Dividends
CAIQ vs. QQQI - Dividend Comparison
CAIQ's dividend yield for the trailing twelve months is around 8.64%, less than QQQI's 13.79% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CAIQ Calamos Nasdaq Autocallable Income ETF | 8.64% | 1.54% | 0.00% |
QQQI NEOS Nasdaq-100 High Income ETF | 13.79% | 13.82% | 12.85% |
Frequently Asked Questions
With a correlation of 0.93, CAIQ and QQQI 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.
On fees, QQQI is cheaper at 0.68% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QQQI is cheaper with a 0.68% expense ratio, compared with 0.74% for CAIQ.
QQQI has the higher dividend yield at 13.79%, compared with 8.64% for CAIQ.
They also come from different issuers: Calamos and Neos. Their fees differ too: 0.74% for CAIQ and 0.68% for QQQI.
Find the right allocation for CAIQ and QQQI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer