SBAR vs. CAIE

Last updated Apr 2, 2026

Compare and contrast key facts about Simplify Barrier Income ETF (SBAR) and Calamos Autocallable Income ETF (CAIE).

SBAR and CAIE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SBAR is an actively managed fund by Simplify. It was launched on Apr 14, 2025. CAIE is a passively managed fund by Calamos that tracks the performance of the MerQube US Large Cap Vol Advantage Autocallable Index. It was launched on Jun 25, 2025.

Performance

SBAR vs. CAIE - Performance Comparison

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

SBAR vs. CAIE - Yearly Performance Comparison

	2026 (YTD)	2025
SBAR Simplify Barrier Income ETF	-3.80%	7.57%
CAIE Calamos Autocallable Income ETF	-3.27%	15.15%

Returns By Period

In the year-to-date period, SBAR achieves a -3.80% return, which is significantly lower than CAIE's -3.27% return.

SBAR

• 1D: -0.53%
• 1M: -3.84%
• YTD: -3.80%
• 6M: -0.80%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CAIE

• 1D: 0.43%
• 1M: -3.60%
• YTD: -3.27%
• 6M: -1.94%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SBAR vs. CAIE - Expense Ratio Comparison

SBAR has a 0.75% expense ratio, which is higher than CAIE's 0.74% expense ratio.

SBAR

Simplify Barrier Income ETF

CAIE

Calamos Autocallable Income ETF

Return for Risk

SBAR vs. CAIE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Barrier Income ETF (SBAR) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	SBAR	CAIE	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.98	1.23	-0.25

Correlation

The correlation between SBAR and CAIE is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

SBAR vs. CAIE - Dividend Comparison

SBAR's dividend yield for the trailing twelve months is around 12.37%, more than CAIE's 11.86% yield.

	TTM	2025
SBAR Simplify Barrier Income ETF	12.37%	8.56%
CAIE Calamos Autocallable Income ETF	11.86%	7.46%

Drawdowns

SBAR vs. CAIE - Drawdown Comparison

The maximum SBAR drawdown since its inception was -5.32%, smaller than the maximum CAIE drawdown of -7.73%. Use the drawdown chart below to compare losses from any high point for SBAR and CAIE.

Drawdown Indicators

	SBAR	CAIE	Difference
Max Drawdown Largest peak-to-trough decline	-5.32%	-7.73%	+2.41%
Current Drawdown Current decline from peak	-4.90%	-5.08%	+0.18%
Average Drawdown Average peak-to-trough decline	-0.96%	-1.14%	+0.18%

Volatility

Volatility by Period

	SBAR	CAIE	Difference
Volatility (1Y) Calculated over the trailing 1-year period	10.14%	12.32%	-2.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.14%	12.32%	-2.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.14%	12.32%	-2.18%