CANQ vs. AOA
Compare and contrast key facts about Calamos Alternative Nasdaq & Bond ETF (CANQ) and iShares Core Aggressive Allocation ETF (AOA).
CANQ and AOA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CANQ is an actively managed fund by Calamos. It was launched on Feb 13, 2024. AOA is a passively managed fund by iShares that tracks the performance of the S&P Target Risk Aggressive Index. It was launched on Nov 4, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CANQ or AOA.
Correlation
The correlation between CANQ and AOA is 0.81, 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.
Performance
CANQ vs. AOA - Performance Comparison
Key characteristics
CANQ:
2.55
AOA:
2.46
CANQ:
1.33
AOA:
1.32
CANQ:
3.02%
AOA:
1.72%
CANQ:
13.92%
AOA:
9.85%
CANQ:
-8.99%
AOA:
-28.38%
CANQ:
0.00%
AOA:
0.00%
Returns By Period
In the year-to-date period, CANQ achieves a 4.97% return, which is significantly higher than AOA's 4.15% return.
CANQ
4.97%
4.79%
13.71%
24.04%
N/A
N/A
AOA
4.15%
3.54%
6.26%
15.54%
8.39%
7.98%
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CANQ vs. AOA - Expense Ratio Comparison
CANQ has a 0.90% expense ratio, which is higher than AOA's 0.25% expense ratio.
Risk-Adjusted Performance
CANQ vs. AOA — Risk-Adjusted Performance Rank
CANQ
AOA
CANQ vs. AOA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Alternative Nasdaq & Bond ETF (CANQ) and iShares Core Aggressive Allocation ETF (AOA). 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.
Not enough dataDividends
CANQ vs. AOA - Dividend Comparison
CANQ's dividend yield for the trailing twelve months is around 4.60%, more than AOA's 2.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CANQ Calamos Alternative Nasdaq & Bond ETF | 4.60% | 4.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AOA iShares Core Aggressive Allocation ETF | 2.21% | 2.30% | 2.22% | 2.10% | 1.67% | 1.71% | 2.50% | 2.37% | 5.09% | 2.02% | 2.15% | 2.18% |
Drawdowns
CANQ vs. AOA - Drawdown Comparison
The maximum CANQ drawdown since its inception was -8.99%, smaller than the maximum AOA drawdown of -28.38%. Use the drawdown chart below to compare losses from any high point for CANQ and AOA. For additional features, visit the drawdowns tool.
Volatility
CANQ vs. AOA - Volatility Comparison
Calamos Alternative Nasdaq & Bond ETF (CANQ) has a higher volatility of 2.96% compared to iShares Core Aggressive Allocation ETF (AOA) at 2.41%. This indicates that CANQ's price experiences larger fluctuations and is considered to be riskier than AOA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.