CANQ vs. CAIE

Last updated Jun 4, 2026

CANQ (Calamos Alternative Nasdaq & Bond ETF) and CAIE (Calamos Autocallable Income ETF) are both exchange-traded funds - CANQ is a Nasdaq-100 fund actively managed by Calamos, while CAIE is a Derivative Income fund tracking the MerQube US Large Cap Vol Advantage Autocallable Index. CANQ is actively managed, while CAIE is passively managed. Their correlation of 0.83 suggests significant overlap in exposure. CANQ charges 0.90%/yr vs 0.74%/yr for CAIE.

Performance

CANQ vs. CAIE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Calamos Alternative Nasdaq & Bond ETF (CANQ) and Calamos Autocallable Income ETF (CAIE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CANQ achieves a 7.60% return, which is significantly lower than CAIE's 9.06% return.

CANQ

• 1D: -0.37%
• 1M: 5.62%
• YTD: 7.60%
• 6M: 5.52%
• 1Y: 17.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CAIE

• 1D: -0.40%
• 1M: 3.61%
• YTD: 9.06%
• 6M: 9.11%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CANQ vs. CAIE - Yearly Performance Comparison

	2026 (YTD)	2025
CANQ Calamos Alternative Nasdaq & Bond ETF	7.60%	8.01%
CAIE Calamos Autocallable Income ETF	9.06%	15.15%

Correlation

The correlation between CANQ and CAIE is 0.83, 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 Jun 26, 2025	0.83

CANQ vs. CAIE - Sectors Allocation Comparison

Sectors	CANQ	CAIE
Financial Services	82.1%	-
Basic Materials	-	13.4%
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

CANQ vs. CAIE — Risk / Return Rank

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

CANQ

CANQ Risk / Return Rank: 42
CANQ Sharpe Ratio Rank: 48
CANQ Sortino Ratio Rank: 48
CANQ Omega Ratio Rank: 47
CANQ Calmar Ratio Rank: 34
CANQ Martin Ratio Rank: 34

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.

CANQ vs. CAIE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Calamos Alternative Nasdaq & Bond ETF (CANQ) and Calamos Autocallable Income ETF (CAIE). 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.

	CANQ	CAIE	Difference
Sharpe ratio: Return per unit of total volatility	1.67	—	—
Sortino ratio: Return per unit of downside risk	2.37	—	—
Omega ratio: Gain probability vs. loss probability	1.30	—	—
Calmar ratio: Return relative to maximum drawdown	1.67	—	—
Martin ratio: Return relative to average drawdown	5.17	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	CANQ	CAIE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.67	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.35	2.31	-0.96

Drawdowns

CANQ vs. CAIE - Drawdown Comparison

The maximum CANQ drawdown since its inception was -12.79%, which is greater than CAIE's maximum drawdown of -7.73%. Use the drawdown chart below to compare losses from any high point for CANQ and CAIE.

Drawdown Indicators

	CANQ	CAIE	Difference
Max Drawdown Largest peak-to-trough decline	-12.79%	-7.73%	-5.06%
Max Drawdown (1Y) Largest decline over 1 year	-10.77%	—	—
Current Drawdown Current decline from peak	-0.37%	-0.40%	+0.03%
Average Drawdown Average peak-to-trough decline	-2.95%	-1.06%	-1.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.47%	—	—

Volatility

Volatility by Period

	CANQ	CAIE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.86%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.52%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.76%	11.93%	-1.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.69%	11.93%	+0.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.69%	11.93%	+0.76%

CANQ vs. CAIE - Expense Ratio Comparison

CANQ has a 0.90% expense ratio, which is higher than CAIE's 0.74% expense ratio.

Dividends

CANQ vs. CAIE - Dividend Comparison

CANQ's dividend yield for the trailing twelve months is around 4.36%, less than CAIE's 13.09% yield.

Position	TTM	2025	2024
CAIE Calamos Autocallable Income ETF	13.09%	7.46%	0.00%
CANQ Calamos Alternative Nasdaq & Bond ETF	4.36%	5.02%	4.19%

Frequently Asked Questions

Can I hold both CANQ and CAIE in my portfolio?

CANQ and CAIE have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CANQ or CAIE?

On fees, CAIE is cheaper at 0.74% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CANQ or CAIE?

CAIE is cheaper with a 0.74% expense ratio, compared with 0.90% for CANQ.

Which ETF pays a higher dividend yield, CANQ or CAIE?

CAIE has the higher dividend yield at 13.09%, compared with 4.36% for CANQ.

What is the main difference between CANQ and CAIE?

CANQ is categorized as Nasdaq-100, while CAIE is Derivative Income. Their fees differ too: 0.90% for CANQ and 0.74% for CAIE.