XV vs. CAIE

Last updated Apr 1, 2026

Compare and contrast key facts about Simplify Target 15 Distribution ETF (XV) and Calamos Autocallable Income ETF (CAIE).

XV and CAIE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XV 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

XV vs. CAIE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Target 15 Distribution ETF (XV) and Calamos Autocallable Income ETF (CAIE). The values are adjusted to include any dividend payments, if applicable.

XV vs. CAIE - Yearly Performance Comparison

	2026 (YTD)	2025
XV Simplify Target 15 Distribution ETF	-3.59%	7.42%
CAIE Calamos Autocallable Income ETF	-3.69%	15.15%

Returns By Period

The year-to-date returns for both stocks are quite close, with XV having a -3.59% return and CAIE slightly lower at -3.69%.

XV

• 1D: 0.68%
• 1M: -3.77%
• YTD: -3.59%
• 6M: -1.27%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CAIE

• 1D: 2.42%
• 1M: -4.34%
• YTD: -3.69%
• 6M: -1.65%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XV vs. CAIE - Expense Ratio Comparison

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

XV

Simplify Target 15 Distribution ETF

CAIE

Calamos Autocallable Income ETF

Return for Risk

XV vs. CAIE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Target 15 Distribution ETF (XV) 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

	XV	CAIE	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.11	1.18	-0.07

Correlation

The correlation between XV 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

XV vs. CAIE - Dividend Comparison

XV's dividend yield for the trailing twelve months is around 18.89%, more than CAIE's 10.50% yield.

	TTM	2025
XV Simplify Target 15 Distribution ETF	18.89%	13.87%
CAIE Calamos Autocallable Income ETF	10.50%	7.46%

Drawdowns

XV vs. CAIE - Drawdown Comparison

The maximum XV drawdown since its inception was -5.73%, smaller than the maximum CAIE drawdown of -7.73%. Use the drawdown chart below to compare losses from any high point for XV and CAIE.

Drawdown Indicators

	XV	CAIE	Difference
Max Drawdown Largest peak-to-trough decline	-5.73%	-7.73%	+2.00%
Current Drawdown Current decline from peak	-5.09%	-5.49%	+0.40%
Average Drawdown Average peak-to-trough decline	-0.99%	-1.12%	+0.13%

Volatility

Volatility by Period

	XV	CAIE	Difference
Volatility (1Y) Calculated over the trailing 1-year period	11.34%	12.34%	-1.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.34%	12.34%	-1.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.34%	12.34%	-1.00%