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Launched

Calamos Nasdaq Autocallable Income ETF

CAIQNasdaqCalamosC

$23.69−0.19 (−0.80%)

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

C52/ 100

Rank 18 of 31 in Nasdaq-100 Option Income

C52/100Rank 18 of 31inNasdaq-100 Option Income
Intraday session: down, 79 prints from 23.88 to 23.69. Range 23.69 to 24.10. Use the arrow keys to read each point.23.8024.0024.1010 AM12 PM2 PM4 PM
Expense ratio
0.74%
Fund size
$406M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
4
Avg volume · 30D
250K sh
52W range
low $23.06high $27.39
Launched

The ETF.net CAIQ Grade

Based on 4 of 6 pillars

C

Score 52 out of 100

Category
Nasdaq-100 Option Income⁠
Rank
18 of 31
Six-pillar profile for CAIQ. Scores out of 100: Cost 47, Risk 69, Mission not scored, Tradability 54, Holdings not scored, Durability 38. Strongest: Risk (69). Weakest: Durability (38). Based on 4 of 6 pillars.

Score 52 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.
    C47 out of 100
    Rank 17 of 31

  • 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.
    B69 out of 100
    Rank 5 of 31

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C54 out of 100
    Rank 15 of 31

  • 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.
    D38 out of 100
    Rank 26 of 31

Our read on CAIQ

ETF.net Research

In short

CAutocallable notes, normally sold one private-banking client at a time, packaged into a ticker. Calamos built CAIQ as the first Nasdaq-100 autocallable income ETF, seeking high monthly income from contingent coupons instead of covered calls.

Stated mandate

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

Why people hold it

  • First ETF to put a portfolio of Nasdaq-100 autocallables, long a private-bank product, inside a ticker: no note-by-note paperwork, no account minimums.calamos.com
  • The income engine is autocallable coupons, not covered calls, so the payout math does not depend on selling away Nasdaq-100 upside month after month.
  • Actively managed rather than rules-locked: the team can redeploy as positions are called away or mature instead of following a fixed options calendar.

Worth knowing

  • At 0.74% a year it costs more than the plain covered-call route on the same index, where JEPQ and GPIQ run 0.35%. Novelty carries a price.
  • Launched in November 2025, so there is no multi-year record of how the autocallable sleeve behaves through a full Nasdaq drawdown.
  • Coupons are contingent, not fixed. The fund aims for high monthly income, but the size and timing of what lands can move around.

CAIQ Holdings

Asset class
Other
Holdings
4
Top-10 weight
101%
Largest holding
TRS RECEIVE MQAUTOQL: MerQube NASDAQ-100 VOL ADVANTAGE AUTOCALL IDX PAY US SOFR Rate +10bps - JPM50.9%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataTRS RECEIVE MQAUTOQL: MerQube NASDAQ-100 VOL ADVANTAGE AUTOCALL IDX PAY US SOFR Rate +10bps - JPM50.93%181,532$415M1
2CBOXCalamos Tax-Aware Collateral ETF41.74%3,331,223$340M4
3No dataUnited States Treasury Bill7.46%61,337,000$60.9M30
4No dataUs Dollar0.55%4,506,454$4.51M228

Showing 1–4 of 4 holdings

CAIQ Performance

Launched Nov 19, 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.Not enough history yet.
CAIQ$10,812
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,169
Dec 31, 2025 to Oct 30, 2026. CAIQ $10,812. SPY $11,169. Use the arrow keys to read each point.$10,000$11,000Dec 2025Jun 2026Oct 2026

Dec 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 CAIQ. Periods over one year show the average yearly return.
PeriodCAIQ
Year to date+8.1%
1 month−6.0%
3 months−0.8%
1 yearFund is under 1 year oldNo data
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 CAIQ
YearReturn barCAIQ
2026 YTD+8.1%
2025+4.0%

History from Nov 20, 2025

CAIQ in the news

CAIQ Dividends

Last payment
$0.38 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 10 payments from 2025 to 2026 YTD. Dec 23, 2025 $0.39; Feb 2, 2026 $0.38; Mar 2, 2026 $0.38; Apr 1, 2026 $0.38; May 1, 2026 $0.38; Jun 1, 2026 $0.38; Jul 1, 2026 $0.38; Aug 3, 2026 $0.38; Sep 1, 2026 $0.38; Oct 1, 2026 $0.38. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Nov 2, 2026Pays Nov 9, 2026$0.39
Oct 1, 2026Oct 8, 2026$0.38
Sep 1, 2026Sep 9, 2026$0.38
Aug 3, 2026Aug 10, 2026$0.38
Jul 1, 2026Jul 9, 2026$0.38
Jun 1, 2026Jun 8, 2026$0.38
May 1, 2026May 8, 2026$0.38
Apr 1, 2026Apr 8, 2026$0.38
Mar 2, 2026Mar 9, 2026$0.38
Feb 2, 2026Feb 9, 2026$0.38
Dec 23, 2025Dec 30, 2025$0.39

CAIQ Risk

Risk pillarB69 out of 100Rank 5 of 31 in Nasdaq-100 Option Income
How much the fund’s monthly returns vary, scaled to a year.
Launched Nov 2025; fills in after 12 months
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.
Launched Nov 2025; fills in after 12 months
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.
Launched Nov 2025; fills in after 12 months
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.
1.09
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.

CAIQ Cost

Compare CAIQ and EDGQ

Overpaying vs EDGQ, cheapest in Nasdaq-100 Option Income

$14,307

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

  • CAIQ 0.74%

    $14,307

  • EDGQ 0.00% Cheapest

    $0

$10,000
30 years

Cost over time

  • CAIQ 0.74%
  • EDGQ 0.00%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530CAIQ $14,307EDGQ $0

Year by year

YearCAIQEDGQOverpaying
10$1,319$0$1,319
20$5,015$0$5,015
30$14,307$0$14,307

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