CANQ vs. QQQ
Compare and contrast key facts about Calamos Alternative Nasdaq & Bond ETF (CANQ) and Invesco QQQ ETF (QQQ).
CANQ and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Performance
CANQ vs. QQQ - Performance Comparison
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CANQ vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CANQ Calamos Alternative Nasdaq & Bond ETF | -5.71% | 11.69% | 19.48% |
QQQ Invesco QQQ ETF | -5.93% | 20.77% | 20.00% |
Returns By Period
The year-to-date returns for both stocks are quite close, with CANQ having a -5.71% return and QQQ slightly lower at -5.93%.
CANQ
- 1D
- 1.68%
- 1M
- -4.76%
- YTD
- -5.71%
- 6M
- -5.33%
- 1Y
- 9.46%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQQ
- 1D
- 3.39%
- 1M
- -4.84%
- YTD
- -5.93%
- 6M
- -3.62%
- 1Y
- 23.68%
- 3Y*
- 22.32%
- 5Y*
- 12.88%
- 10Y*
- 18.85%
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CANQ vs. QQQ - Expense Ratio Comparison
CANQ has a 0.90% expense ratio, which is higher than QQQ's 0.18% expense ratio.
Return for Risk
CANQ vs. QQQ — Risk / Return Rank
CANQ
QQQ
CANQ vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Alternative Nasdaq & Bond ETF (CANQ) and Invesco QQQ ETF (QQQ). 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 | QQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.81 | 1.05 | -0.24 |
Sortino ratioReturn per unit of downside risk | 1.20 | 1.63 | -0.43 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.23 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 0.90 | 1.88 | -0.98 |
Martin ratioReturn relative to average drawdown | 3.03 | 6.95 | -3.92 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CANQ | QQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.81 | 1.05 | -0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.58 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.85 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.37 | +0.53 |
Correlation
The correlation between CANQ and QQQ is 0.92, 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.
Dividends
CANQ vs. QQQ - Dividend Comparison
CANQ's dividend yield for the trailing twelve months is around 5.00%, more than QQQ's 0.49% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CANQ Calamos Alternative Nasdaq & Bond ETF | 5.00% | 5.02% | 4.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ ETF | 0.49% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Drawdowns
CANQ vs. QQQ - Drawdown Comparison
The maximum CANQ drawdown since its inception was -12.79%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for CANQ and QQQ.
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Drawdown Indicators
| CANQ | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.79% | -82.97% | +70.18% |
Max Drawdown (1Y)Largest decline over 1 year | -10.77% | -12.62% | +1.85% |
Max Drawdown (5Y)Largest decline over 5 years | — | -35.12% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.12% | — |
Current DrawdownCurrent decline from peak | -9.26% | -8.98% | -0.28% |
Average DrawdownAverage peak-to-trough decline | -2.98% | -32.99% | +30.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 3.41% | -0.21% |
Volatility
CANQ vs. QQQ - Volatility Comparison
The current volatility for Calamos Alternative Nasdaq & Bond ETF (CANQ) is 3.72%, while Invesco QQQ ETF (QQQ) has a volatility of 6.51%. This indicates that CANQ experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CANQ | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.72% | 6.51% | -2.79% |
Volatility (6M)Calculated over the trailing 6-month period | 7.98% | 12.77% | -4.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.67% | 22.67% | -11.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.73% | 22.39% | -9.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.73% | 22.25% | -9.52% |