SOXX vs. CAIQ
SOXX (iShares Semiconductor ETF) and CAIQ (Calamos Nasdaq Autocallable Income ETF) are both exchange-traded funds - SOXX is a Semiconductors fund tracking the NYSE Semiconductor Index, while CAIQ is a Nasdaq-100 fund tracking the MerQube Nasdaq-100 Vol Advantage Autocallable Index. Both are passively managed. A 0.72 correlation means they provide meaningful diversification when combined. SOXX charges 0.34%/yr vs 0.74%/yr for CAIQ.
Performance
SOXX vs. CAIQ - Performance Comparison
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Returns By Period
In the year-to-date period, SOXX achieves a 108.91% return, which is significantly higher than CAIQ's 12.96% return.
SOXX
- 1D
- 5.45%
- 1M
- 23.64%
- YTD
- 108.91%
- 6M
- 111.42%
- 1Y
- 186.37%
- 3Y*
- 55.91%
- 5Y*
- 35.21%
- 10Y*
- 36.39%
CAIQ
- 1D
- 0.83%
- 1M
- 1.36%
- YTD
- 12.96%
- 6M
- 14.11%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SOXX vs. CAIQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SOXX iShares Semiconductor ETF | 108.91% | 7.10% |
CAIQ Calamos Nasdaq Autocallable Income ETF | 12.96% | 4.03% |
Correlation
The correlation between SOXX and CAIQ is 0.72, 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 Nov 20, 2025 | 0.72 |
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Return for Risk
SOXX vs. CAIQ — Risk / Return Rank
SOXX
CAIQ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SOXX vs. CAIQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Semiconductor ETF (SOXX) and Calamos Nasdaq Autocallable Income ETF (CAIQ). 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.
| SOXX | CAIQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.68 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 11.90 | — | — |
| Martin ratioReturn relative to average drawdown | 43.29 | — | — |
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Drawdowns
SOXX vs. CAIQ - Drawdown Comparison
The maximum SOXX drawdown since its inception was -70.21%, which is greater than CAIQ's maximum drawdown of -9.06%. Use the drawdown chart below to compare losses from any high point for SOXX and CAIQ.
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Drawdown Indicators
| SOXX | CAIQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.21% | -9.06% | -61.15% |
Max Drawdown (1Y)Largest decline over 1 year | -15.77% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -41.36% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -45.75% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -45.75% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.52% | +0.52% |
Average DrawdownAverage peak-to-trough decline | -19.95% | -1.70% | -18.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.32% | — | — |
Volatility
SOXX vs. CAIQ - Volatility Comparison
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Volatility by Period
| SOXX | CAIQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.99% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 31.81% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 37.63% | 13.91% | +23.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.81% | 13.91% | +22.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.82% | 13.91% | +19.91% |
SOXX vs. CAIQ - Expense Ratio Comparison
SOXX has a 0.34% expense ratio, which is lower than CAIQ's 0.74% expense ratio.
Dividends
SOXX vs. CAIQ - Dividend Comparison
SOXX's dividend yield for the trailing twelve months is around 0.31%, less than CAIQ's 8.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAIQ Calamos Nasdaq Autocallable Income ETF | 8.50% | 1.54% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXX iShares Semiconductor ETF | 0.31% | 0.57% | 0.67% | 0.78% | 1.26% | 0.64% | 0.81% | 1.23% | 1.37% | 0.90% | 1.08% | 1.29% |
Frequently Asked Questions
SOXX and CAIQ have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SOXX is cheaper at 0.34% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SOXX is cheaper with a 0.34% expense ratio, compared with 0.74% for CAIQ.
CAIQ has the higher dividend yield at 8.50%, compared with 0.31% for SOXX.
SOXX is categorized as Semiconductors, while CAIQ is Nasdaq-100. SOXX tracks NYSE Semiconductor Index, while CAIQ tracks MerQube Nasdaq-100 Vol Advantage Autocallable Index. They also come from different issuers: iShares and Calamos. Their fees differ too: 0.34% for SOXX and 0.74% for CAIQ.
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