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Launched · SEC filings

Calamos Autocallable Income ETF

CAIENYSE ArcaCalamosC

$25.89−0.03 (−0.13%)

At close: Nov 2, 2026, 4:00 PM ET

C44/ 100

Rank 36 of 52 in S&P 500 Option Income

C44/100Rank 36 of 52inS&P 500 Option Income
Intraday session: down, 79 prints from 25.92 to 25.89. Range 25.88 to 26.13. Use the arrow keys to read each point.26.0026.0526.1010 AM12 PM2 PM4 PM
Expense ratio
0.74%
Fund size
$1.5B
1Y total return
+9.7%
Yield · Last 12 months
14.61%
Holdings
4
Avg volume · 30D
644K sh
52W range
low $24.43high $27.88
Launched
Filings
SEC EDGAR

The ETF.net CAIE Grade

Based on 4 of 6 pillars

C

Score 44 out of 100

Category
S&P 500 Option Income⁠
Rank
36 of 52
Six-pillar profile for CAIE. Scores out of 100: Cost 39, Risk 38, Mission not scored, Tradability 58, Holdings not scored, Durability 50. Strongest: Tradability (58). Weakest: Risk (38). Based on 4 of 6 pillars.

Score 44 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D39 out of 100
    Rank 32 of 52

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D38 out of 100
    Rank 34 of 52

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B58 out of 100
    Rank 17 of 52

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C50 out of 100
    Rank 34 of 52

Our read on CAIE

ETF.net Research

In short

CCAIE puts autocallables, a structured payoff tied to an index level, inside an ETF wrapper. It seeks high monthly income with reduced downside risk, referencing the MerQube US Large Cap Vol Advantage Index.

Stated mandate

The fund seeks high monthly income with reduced downside risk through exposure to a portfolio of autocallables.

Why people hold it

  • Holds a portfolio of autocallables aiming for high monthly income with reduced downside risk, and it pays on a monthly cadence.calamos.com
  • The 0.74% fee sits essentially at the option-income median, so the exotic plumbing does not come with an exotic price tag.
  • A multi-billion-dollar fund with moderate trading volume that ranks in the upper half of its option-income peer group.

Worth knowing

  • Launched in 2025, so there is only a short stretch of market history behind it and limited risk data to judge the structure on.
  • Reduced downside risk here is conditional, set by the autocallable terms and where the reference index trades, not a hard floor.calamos.com
  • Cheaper builds live in the same cohort, including LQDW at 0.34% and YLDE at 0.47%.

CAIE Performance

Launched Jun 24, 2025

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
CAIE$10,967
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. CAIE $10,967. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for CAIE. Periods over one year show the average yearly return.
PeriodCAIE
Year to date+9.2%
1 month−0.3%
3 months+1.2%
1 year+9.7%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for CAIE
YearReturn barCAIE
2026 YTD+9.2%
2025+15.2%

History from Jun 25, 2025

CAIE in the news

CAIE Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
14.61%Last 12 months
Payout per share
$3.83Last 12 months
Last payment
$0.31 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution history

2025–2026

One bar per payment. 15 payments from 2025 to 2026 YTD. Aug 1, 2025 $0.39; Sep 2, 2025 $0.31; Oct 1, 2025 $0.33; Nov 3, 2025 $0.33; Dec 1, 2025 $0.33; Dec 23, 2025 $0.33; Feb 2, 2026 $0.33; Mar 2, 2026 $0.32; Apr 1, 2026 $0.32; May 1, 2026 $0.32; Jun 1, 2026 $0.32; Jul 1, 2026 $0.32; Aug 3, 2026 $0.31; Sep 1, 2026 $0.31; Oct 1, 2026 $0.31. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Nov 2, 2026Pays Nov 9, 2026$0.32
Oct 1, 2026Oct 8, 2026$0.31
Sep 1, 2026Sep 9, 2026$0.31
Aug 3, 2026Aug 10, 2026$0.31
Jul 1, 2026Jul 9, 2026$0.32
Jun 1, 2026Jun 8, 2026$0.32
May 1, 2026May 8, 2026$0.32
Apr 1, 2026Apr 8, 2026$0.32
Mar 2, 2026Mar 9, 2026$0.32
Feb 2, 2026Feb 9, 2026$0.33
Dec 23, 2025Dec 30, 2025$0.33
Dec 1, 2025Dec 5, 2025$0.33

See all 16 payments⁠

$10,000 in CAIE 1 year ago paid $1,389 in dividends.⁠

CAIE Risk

Risk pillarD38 out of 100Rank 34 of 52 in S&P 500 Option Income
How much the fund’s monthly returns vary, scaled to a year.
10.5%
Annualised · 16 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.14
vs 3-month T-bills · 16 months to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−7.7%
16 months · trough Mar 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.88
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

CAIE Cost

Compare CAIE and PEPS

Overpaying vs PEPS, cheapest in S&P 500 Option Income

$12,201

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • CAIE 0.74%

    $14,307

  • PEPS 0.10% Cheapest

    $2,106

$10,000
30 years

Cost over time

  • CAIE 0.74%
  • PEPS 0.10%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530CAIE $14,307PEPS $2,106

Year by year

YearCAIEPEPSOverpaying
10$1,319$183$1,136
20$5,015$717$4,298
30$14,307$2,106$12,201

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