Correlation
The correlation between CANQ and GPIQ is 0.87, 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.
CANQ vs. GPIQ
Compare and contrast key facts about Calamos Alternative Nasdaq & Bond ETF (CANQ) and Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ).
CANQ and GPIQ 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. GPIQ is an actively managed fund by Goldman Sachs. It was launched on Oct 24, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CANQ or GPIQ.
Performance
CANQ vs. GPIQ - Performance Comparison
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Key characteristics
CANQ:
1.11
GPIQ:
0.63
CANQ:
1.53
GPIQ:
0.96
CANQ:
1.20
GPIQ:
1.14
CANQ:
1.21
GPIQ:
0.61
CANQ:
3.27
GPIQ:
2.15
CANQ:
4.72%
GPIQ:
6.02%
CANQ:
14.83%
GPIQ:
22.83%
CANQ:
-12.79%
GPIQ:
-21.06%
CANQ:
-4.00%
GPIQ:
-3.45%
Returns By Period
In the year-to-date period, CANQ achieves a 0.77% return, which is significantly lower than GPIQ's 1.76% return.
CANQ
0.77%
3.87%
3.50%
16.46%
N/A
N/A
N/A
GPIQ
1.76%
6.58%
2.15%
14.40%
N/A
N/A
N/A
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CANQ vs. GPIQ - Expense Ratio Comparison
CANQ has a 0.90% expense ratio, which is higher than GPIQ's 0.29% expense ratio.
Risk-Adjusted Performance
CANQ vs. GPIQ — Risk-Adjusted Performance Rank
CANQ
GPIQ
CANQ vs. GPIQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Alternative Nasdaq & Bond ETF (CANQ) 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.
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Dividends
CANQ vs. GPIQ - Dividend Comparison
CANQ's dividend yield for the trailing twelve months is around 5.49%, less than GPIQ's 10.39% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
CANQ Calamos Alternative Nasdaq & Bond ETF | 5.49% | 4.19% | 0.00% |
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF | 10.39% | 9.18% | 1.74% |
Drawdowns
CANQ vs. GPIQ - Drawdown Comparison
The maximum CANQ drawdown since its inception was -12.79%, smaller than the maximum GPIQ drawdown of -21.06%. Use the drawdown chart below to compare losses from any high point for CANQ and GPIQ.
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Volatility
CANQ vs. GPIQ - Volatility Comparison
The current volatility for Calamos Alternative Nasdaq & Bond ETF (CANQ) is 2.75%, while Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) has a volatility of 4.60%. This indicates that CANQ experiences smaller price fluctuations and is considered to be less risky than GPIQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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