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CAIE

GradeCNew York Stock Exchange Arca

Calamos Autocallable Income ETF

Option Income · Calamos · Inception 2025-06-25 · SEC filings

$26.85−0.16 (−0.59%)

As of Sep 23, 2026, 2:20 PM EDT

History starts Jun 25, 2025.
Intraday session: down, 58 prints from 27.01 to 26.85. Range 26.79 to 27.05. Use the arrow keys to read each point.$26.80$26.90$27.0010 AM12 PM2 PM4 PM
Expense ratio
0.74%
Fund size
$1.4B
1Y return
+13.2%
Yield · Last 12 months
14.25%
Holdings
4
Volume · 30D
0.5M sh
NAV per share
$27.01
52W range
low $24.43high $27.88

The ETF.net CAIE Grade

C

41/ 100

Rank 40 of 52 in S&P 500 Option Income⁠

Confidence Medium

Six-pillar profile for CAIE. Scores out of 100: Cost 37, Risk 32, Mission not scored, Tradability 57, Holdings not scored, Durability 48. Strongest: Tradability (57). Weakest: Risk (32). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 41 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    DScore 37
    Category rank33/52 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 32
    Category rank42/52 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 57
    Category rank18/52 · top 35%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 48
    Category rank35/52 · mid-pack

Graded as of Sep 22, 2026 · Based on 4 of 6 pillars

Our read on CAIE

ETF.net Research

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

  1. 01Holds a portfolio of autocallables aiming for high monthly income with reduced downside risk, and it pays on a monthly cadence.calamos.com
  2. 02The 0.74% fee sits essentially at the option-income median, so the exotic plumbing does not come with an exotic price tag.
  3. 03A multi-billion-dollar fund with moderate trading volume that ranks in the upper half of its option-income peer group.

Worth knowing

  1. 01Launched in 2025, so there is only a short stretch of market history behind it and limited risk data to judge the structure on.
  2. 02Reduced downside risk here is conditional, set by the autocallable terms and where the reference index trades, not a hard floor.calamos.com
  3. 03Cheaper builds live in the same cohort, including LQDW at 0.34% and YLDE at 0.47%.

CAIE Holdings

As of Sep 20, 2026, 9:03 AM
Asset class
Other
Holdings
4
Top-10 weight
100%
Largest holding
TRS RECEIVE MQAUTOCL: MerQube US Large-Cap Vol Adv Autocallable PAY US SOFR Rate +10bps - JP Morgan50.0%

Sectors

Geography

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—TRS RECEIVE MQAUTOCL: MerQube US Large-Cap Vol Adv Autocallable PAY US SOFR Rate +10bps - JP Morgan50.03%1,433,942$1.3B1
002CBOXCalamos Tax-Aware Collateral ETF43.00%11,326,359$1.2B3
003—United States Treasury Bill6.98%189,320,000$187M10
004—US DOLLAR0.14%3,656,733$4M231

Showing 1–4 of 4 holdings

CAIE Performance

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

CAIE$11,323
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. CAIE $11,323. SPY $11,723. Use the arrow keys to read each point.$9,353$10,646$11,940Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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+11.1%
1 month+1.3%
3 months+3.0%
1 year+13.2%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, 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+11.1%
2025+15.2%

Since listing, 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 Sep 22, 2026.
14.25%Last 12 months
Payout per share
$3.85Last 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. 14 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. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
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
Nov 3, 2025Nov 7, 2025$0.33
Oct 1, 2025Oct 7, 2025$0.33

CAIE Risk

How much the fund’s monthly returns vary, scaled to a year.
11.0%
Annualised · 14 months to Aug 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.
1.36
vs 3-month T-bills · 14 months to Aug 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%
14 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.

CAIE Cost

Expense ratio0.74%
  • The middle half of S&P 500 Option Income funds
  • Median 0.60%

30 of the 51 S&P 500 Option Income funds charge less.

CAIE costs $74.00 a year on $10,000. The median S&P 500 Option Income fund costs $60.00.