SBAR vs. CAIE

Last updated Jun 23, 2026

SBAR (Simplify Barrier Income ETF) and CAIE (Calamos Autocallable Income ETF) are both Derivative Income funds. SBAR is actively managed, while CAIE is passively managed. A 0.64 correlation means they provide meaningful diversification when combined. SBAR charges 0.75%/yr vs 0.74%/yr for CAIE.

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.

Returns By Period

In the year-to-date period, SBAR achieves a 3.89% return, which is significantly lower than CAIE's 7.91% return.

SBAR

• 1D: 0.90%
• 1M: 1.93%
• YTD: 3.89%
• 6M: 3.85%
• 1Y: 12.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CAIE

• 1D: -0.07%
• 1M: -0.31%
• YTD: 7.91%
• 6M: 7.33%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SBAR vs. CAIE - Yearly Performance Comparison

	2026 (YTD)	2025
SBAR Simplify Barrier Income ETF	3.89%	7.44%
CAIE Calamos Autocallable Income ETF	7.91%	15.12%

Correlation

The correlation between SBAR and CAIE is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 25, 2025	0.64

SBAR vs. CAIE - Sectors Allocation Comparison

Sectors	SBAR	CAIE
Financial Services	82.8%	-
Technology	33.1%	-
Communication Services	10.7%	-
Consumer Cyclical	10.1%	-
Healthcare	9.8%	-
Industrials	8.7%	-
Consumer Defensive	5.4%	-
Energy	3.5%	-
Utilities	2.5%	-
Real Estate	2.0%	-
Basic Materials	1.9%	13.5%

Return for Risk

SBAR vs. CAIE — Risk / Return Rank

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

SBAR

SBAR Risk / Return Rank: 47
SBAR Sharpe Ratio Rank: 43
SBAR Sortino Ratio Rank: 44
SBAR Omega Ratio Rank: 42
SBAR Calmar Ratio Rank: 51
SBAR Martin Ratio Rank: 53

CAIE

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

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.

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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	SBAR	CAIE	Difference
Sharpe ratio: Return per unit of total volatility	1.48	—	—
Sortino ratio: Return per unit of downside risk	2.16	—	—
Omega ratio: Gain probability vs. loss probability	1.27	—	—
Calmar ratio: Return relative to maximum drawdown	2.44	—	—
Martin ratio: Return relative to average drawdown	9.05	—	—

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%
Max Drawdown (1Y) Largest decline over 1 year	-5.32%	—	—
Current Drawdown Current decline from peak	0.00%	-1.45%	+1.45%
Average Drawdown Average peak-to-trough decline	-0.92%	-1.09%	+0.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.44%	—	—

Volatility

Volatility by Period

	SBAR	CAIE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.76%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.77%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.82%	12.02%	-3.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.83%	12.02%	-2.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.83%	12.02%	-2.19%

SBAR vs. CAIE - Expense Ratio Comparison

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

Dividends

SBAR vs. CAIE - Dividend Comparison

SBAR's dividend yield for the trailing twelve months is around 12.53%, less than CAIE's 13.23% yield.

Position	TTM	2025
CAIE Calamos Autocallable Income ETF	13.23%	7.46%
SBAR Simplify Barrier Income ETF	12.53%	8.56%

Frequently Asked Questions

Can I hold both SBAR and CAIE in my portfolio?

SBAR and CAIE have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SBAR 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, SBAR or CAIE?

CAIE is cheaper with a 0.74% expense ratio, compared with 0.75% for SBAR.

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

CAIE has the higher dividend yield at 13.23%, compared with 12.53% for SBAR.

What is the main difference between SBAR and CAIE?

They also come from different issuers: Simplify and Calamos. Their fees differ too: 0.75% for SBAR and 0.74% for CAIE.