VTIP vs. CAIQ
VTIP (Vanguard Short-Term Inflation-Protected Securities ETF) and CAIQ (Calamos Nasdaq Autocallable Income ETF) are both exchange-traded funds - VTIP is a Inflation-Protected Bonds fund tracking the Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Year Index, while CAIQ is a Nasdaq-100 fund tracking the MerQube Nasdaq-100 Vol Advantage Autocallable Index. Both are passively managed. At a correlation of -0.00, they often move in opposite directions. VTIP charges 0.03%/yr vs 0.74%/yr for CAIQ.
Performance
VTIP vs. CAIQ - Performance Comparison
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Returns By Period
In the year-to-date period, VTIP achieves a 1.91% return, which is significantly lower than CAIQ's 12.96% return.
VTIP
- 1D
- 0.06%
- 1M
- -0.00%
- YTD
- 1.91%
- 6M
- 2.03%
- 1Y
- 4.57%
- 3Y*
- 5.19%
- 5Y*
- 3.46%
- 10Y*
- 3.09%
CAIQ
- 1D
- 0.83%
- 1M
- 1.36%
- YTD
- 12.96%
- 6M
- 14.11%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VTIP vs. CAIQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 1.91% | 0.26% |
CAIQ Calamos Nasdaq Autocallable Income ETF | 12.96% | 4.03% |
Correlation
The correlation between VTIP and CAIQ is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 20, 2025 | -0.00 |
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Return for Risk
VTIP vs. CAIQ — Risk / Return Rank
VTIP
CAIQ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
VTIP vs. CAIQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) 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.
| VTIP | CAIQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.65 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 6.57 | — | — |
| Martin ratioReturn relative to average drawdown | 25.33 | — | — |
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Drawdowns
VTIP vs. CAIQ - Drawdown Comparison
The maximum VTIP drawdown since its inception was -6.27%, smaller than the maximum CAIQ drawdown of -9.06%. Use the drawdown chart below to compare losses from any high point for VTIP and CAIQ.
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Drawdown Indicators
| VTIP | CAIQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.27% | -9.06% | +2.79% |
Max Drawdown (1Y)Largest decline over 1 year | -0.70% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -0.98% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -5.50% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -6.27% | — | — |
Current DrawdownCurrent decline from peak | -0.16% | -0.52% | +0.36% |
Average DrawdownAverage peak-to-trough decline | -1.04% | -1.70% | +0.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.18% | — | — |
Volatility
VTIP vs. CAIQ - Volatility Comparison
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Volatility by Period
| VTIP | CAIQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.40% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 1.04% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.50% | 13.91% | -12.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.77% | 13.91% | -11.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.74% | 13.91% | -11.17% |
VTIP vs. CAIQ - Expense Ratio Comparison
VTIP has a 0.03% expense ratio, which is lower than CAIQ's 0.74% expense ratio.
Dividends
VTIP vs. CAIQ - Dividend Comparison
VTIP's dividend yield for the trailing twelve months is around 3.59%, less than CAIQ's 8.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 3.59% | 3.81% | 2.70% | 2.86% | 6.84% | 4.68% | 1.20% | 1.95% | 2.45% | 1.52% | 0.76% |
Frequently Asked Questions
VTIP and CAIQ have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VTIP is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VTIP is cheaper with a 0.03% expense ratio, compared with 0.74% for CAIQ.
CAIQ has the higher dividend yield at 8.50%, compared with 3.59% for VTIP.
VTIP is categorized as Inflation-Protected Bonds, while CAIQ is Nasdaq-100. VTIP tracks Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Year Index, while CAIQ tracks MerQube Nasdaq-100 Vol Advantage Autocallable Index. They also come from different issuers: Vanguard and Calamos. Their fees differ too: 0.03% for VTIP and 0.74% for CAIQ.
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