CAIQ vs EDGQ

CAIQCCalamos Nasdaq Autocallable Income ETF

EDGQBGlobal X Nasdaq-100 Income Edge ETF

In short

CAIQ Autocallable 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.

EDGQ A Nasdaq-100 covered-call fund that rewrites its calls every week and dials coverage up or down with volatility, targeting a 13% annualized distribution rate. Fee waived to zero through March 1, 2027 (0.53% gross).

Stated mandate

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

EDGQ The Fund seeks current income and exposure to the Nasdaq-100 Index. It uses an actively managed covered-call strategy, writing calls on part of its Nasdaq-100 portfolio to generate weekly income while leaving some exposure uncapped for potential appreciation.

Why people hold it

• CAIQ 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.

• EDGQ Zero net fee: the 0.53% gross expense ratio is waived through March 1, 2027. Peer Nasdaq-100 income funds all charge, from GPIQ's 0.29% (net of a waiver through April 30, 2027) to QYLD's 0.60%.globalxetfs.com
• Weekly option rolls instead of monthly, with coverage that flexes as volatility and premiums shift. Stablemate QYLG writes on a fixed slice and rolls monthly.globalxetfs.comglobalxetfs.com 2
• Calls cover only part of the Nasdaq-100 book, so some exposure stays uncapped, and the fund seeks to pay distributions weekly from premiums plus dividends.globalxetfs.com

Worth knowing

• CAIQ 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.

• EDGQ The 13% figure is a target, not a floor. Premium income tracks volatility, and gains on the covered slice are capped at the strike.globalxetfs.com
• Absent renewal, the 0.53% gross fee applies after March 1, 2027, landing above JEPQ's 0.35% and GPIQ's 0.29% (net of a waiver through April 30, 2027).
• A 2026 launch still building scale: short record, lighter trading than the category's giants, so limit orders earn their keep.

Full CAIQ profile⁠

Full EDGQ profile⁠