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CANQ

GradeCNASDAQ Global Market

Calamos Nasdaq Equity & Income ETF

Option Income · Calamos · Inception 2024-02-13

$29.80−0.36 (−1.19%)

As of Sep 23, 2026, 12:51 PM EDT

History starts Feb 13, 2024.
Intraday session: down, 10 prints from 30.16 to 29.80. Range 29.76 to 30.13. Use the arrow keys to read each point.$29.90$30.00$30.1010 AM12 PM2 PM4 PM
Expense ratio
0.74%
Fund size
$21M
1Y return
+4.1%
Yield · Last 12 months
4.55%
Holdings
30
Volume · 30D
0M sh
NAV per share
$30.29
52W range
low $27.36high $31.62

The ETF.net CANQ Grade

C

41/ 100

Rank 20 of 31 in Nasdaq-100 Option Income

Confidence High

Six-pillar profile for CANQ. Scores out of 100: Cost 48, Risk 56, Mission 50, Tradability 7, Holdings 30, Durability 39. Strongest: Risk (56). Weakest: Tradability (7). Leans toward Risk and Mission.
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.
    CScore 48
    Category rank17/31 · mid-pack
  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    CScore 50
    Category rank17/19 · bottom quartile
  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 56
    Category rank12/30 · top 40%
  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 7
    Category rank29/31 · bottom quartile
  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    DScore 30
    Category rank23/23 · bottom quartile
  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 39
    Category rank26/31 · bottom quartile

Graded as of Sep 22, 2026

Our read on CANQ

ETF.net Research

CMost Nasdaq-100 income ETFs sell calls on stocks they already own. CANQ flips the build: FLEX options carry the index exposure, and an actively managed bond sleeve is there for ballast and monthly income.

Stated mandate

Seeks Nasdaq-100 upside through FLEX options while using an actively managed fixed-income portfolio to mitigate downside risk and provide monthly income.

Why people hold it

  1. 01FLEX options carry the Nasdaq-100 exposure while an actively managed bond portfolio aims to mitigate downside and fund the payout. Not the usual covered-call recipe.calamos.com
  2. 02Pays monthly, and the fund's 19a notices spell out when a distribution includes return of capital, so the source of the check is visible.calamos.com
  3. 03A compact book of roughly 30 positions, so the moving parts (bonds plus index options) are easy to inspect line by line.

Worth knowing

  1. 01The 0.74% fee sits above the largest Nasdaq-100 income peers such as JEPQ, GPIQ and QQA. You're paying for active bond management on top of the options work.
  2. 02Small and thinly traded compared with the category giants. Spreads deserve a look, and limit orders do real work here.
  3. 03Launched in 2024, so the history is short, and the options-plus-bonds mix can behave unlike both the Nasdaq-100 and a plain covered-call fund.

CANQ Holdings

As of Sep 20, 2026, 9:03 AM
Asset class
Other
Holdings
30
Top-10 weight
93%
Largest holding
MTBA23.9%

Sectors

  • Financials100.0%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001MTBASimplify MBS ETF23.90%104,178$5M3
002VWOBVanguard Emerging Markets Government Bond ETF21.27%68,168$4M6
003SPHYState Street SPDR Portfolio High Yield Bond ETF14.86%134,589$3M16
004JAAAJanus Henderson Aaa Clo ETF11.53%47,481$2M16
005SCHJSchwab 1-5 Year Corporate Bond ETF4.44%38,140$926K1
006US DOLLAR4.18%871,457$871K231
007USIGiShares Broad USD Investment Grade Corporate Bond ETF3.90%16,354$814K3
008Direxion NASDAQ-100 Equal Weighted Index ETF3.62%490$755K1
009IGIBiShares 5-10 Year Investment Grade Corporate Bond ETF2.75%11,151$574K4
010FLBLFranklin Senior Loan ETF2.47%22,390$515K2
011Invesco QQQ Trust Series 11.28%42$267K2
012Microsoft Corp.1.18%28$246K1
013Apple, Inc.1.02%56$212K1
014Alphabet, Inc.0.77%56$161K1
015Cisco Systems, Inc.0.67%42$139K1

Showing 1–15 of 24 holdings

CANQ Performance

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

CANQ$10,414
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. CANQ $10,414. SPY $11,723. Use the arrow keys to read each point.$9,055$10,509$11,962Sep 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 CANQ. Periods over one year show the average yearly return.
PeriodCANQ
Year to date+4.3%
1 month+0.5%
3 months−0.3%
1 year+4.1%
3 yearsFund is under 3 years oldper year
5 yearsFund is under 5 years oldper year
10 yearsFund is under 10 years oldper 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 CANQ
YearReturn barCANQ
2026 YTD+4.3%
2025+11.7%
2024+19.5%

Since listing, Feb 13, 2024

CANQ in the news

ETF.net Research hasn’t filed on CANQ yet — coverage lands here as it’s written.

CANQ 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.
4.55%Last 12 months
Payout per share
$1.37Last 12 months
Last payment
$0.11 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution history

2024–2026

One bar per payment. 30 payments from 2024 to 2026 YTD. Apr 1, 2024 $0.10; May 1, 2024 $0.11; Jun 3, 2024 $0.11; Jul 1, 2024 $0.11; Aug 1, 2024 $0.10; Sep 3, 2024 $0.11; Oct 1, 2024 $0.11; Nov 1, 2024 $0.13; Dec 2, 2024 $0.12; Dec 23, 2024 $0.17; Feb 3, 2025 $0.17; Mar 3, 2025 $0.15; Apr 1, 2025 $0.12; May 1, 2025 $0.11; Jun 2, 2025 $0.12; Jul 1, 2025 $0.11; Aug 1, 2025 $0.11; Sep 2, 2025 $0.11; Oct 1, 2025 $0.11; Nov 3, 2025 $0.11; Dec 1, 2025 $0.11; Dec 23, 2025 $0.16; Feb 2, 2026 $0.11; Mar 2, 2026 $0.11; Apr 1, 2026 $0.10; May 1, 2026 $0.10; Jun 1, 2026 $0.12; Jul 1, 2026 $0.11; Aug 3, 2026 $0.11; Sep 1, 2026 $0.11. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Sep 1, 2026Sep 9, 2026$0.11
Aug 3, 2026Aug 10, 2026$0.11
Jul 1, 2026Jul 9, 2026$0.11
Jun 1, 2026Jun 8, 2026$0.12
May 1, 2026May 8, 2026$0.10
Apr 1, 2026Apr 8, 2026$0.10
Mar 2, 2026Mar 9, 2026$0.11
Feb 2, 2026Feb 9, 2026$0.11
Dec 23, 2025Dec 30, 2025$0.16
Dec 1, 2025Dec 5, 2025$0.11
Nov 3, 2025Nov 7, 2025$0.11
Oct 1, 2025Oct 7, 2025$0.11

CANQ Risk

How much the fund’s monthly returns vary, scaled to a year.
11.0%
Annualised · 30 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.
0.79
vs 3-month T-bills · 30 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.
−12.8%
31 months · trough Apr 2025
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.
0.82
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.

CANQ Cost

Expense ratio0.74%
  • The middle half of Nasdaq-100 Option Income funds
  • Median 0.74%

15 of the 31 Nasdaq-100 Option Income funds charge less.

CANQ costs $74.00 a year on $10,000. The median Nasdaq-100 Option Income fund costs $74.00.