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CAIQ vs QYLD

Calamos Nasdaq Autocallable Income ETF

CAIQCNasdaq

Global X Nasdaq 100 Covered Call ETF

QYLDANasdaq

Overlap

0.0%by weight

Expense ratio

QYLD −0.14pt a year

CAIQ0.74%QYLD0.60%

Avg volume · 30D

QYLD 17.2×the volume

CAIQ250KQYLD4.31M

CAIQ vs QYLD Performance

Dec 31, 2025 – Oct 30, 2026

+8.1%CAIQ+11.9%QYLD

Dec 31, 2025 to Oct 30, 2026. CAIQ +8.1%. QYLD +11.9%. Use the arrow keys to read each point.−5%0%5%15%Dec 2025Jun 2026Oct 2026
Expense ratio
CAIQ 0.74%
QYLD 0.60%, better
Fund size
CAIQ $406M
QYLD $8.2B
1Y total return
CAIQ No data
QYLD +15.7%
Yield (12M)
CAIQ No data
QYLD 11.96%
Holdings
CAIQ 4
QYLD 103
Avg volume (30D)
CAIQ 250K sh
QYLD 4.31M sh, better
NAV per share
CAIQ $24.28
QYLD $17.88
52W range

ETF.net Grade

CAIQ: Cost 47, Risk 69, Mission not scored, Tradability 54, Holdings not scored, Durability 38. QYLD: Cost 65, Risk 72, Mission 100, Tradability 89, Holdings 68, Durability 90.
Pillar letters and Scores for CAIQ, QYLD, with each pillar’s weight
PillarCAIQQYLD
Cost30% weightC47B65Higher
Mission25% weightNot scoredA100
Risk15% weightB69A72Higher
Tradability15% weightC54A89Higher
Holdings10% weightNot scoredB68
Durability5% weightD38A90Higher

Rank among Nasdaq-100 Option Income funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. CAIQ and QYLD are both graded against the same 30 Nasdaq-100 Option Income funds, so their Grades compare head to head.

Nasdaq-100 Option Income⁠

Category · 30 funds
See all 30 ›

QYLD ranks 4th and CAIQ 18th of 30 funds in the Nasdaq-100 Option Income Category.

  1. Rank 1AGPIQGoldman Sachs Nasdaq-100 Premium Income ETFScore 83
  2. Rank 2AQQAInvesco QQQ Income Advantage ETFScore 82
  3. Rank 3AJEPQJPMorgan Nasdaq Equity Premium Income ETFScore 80
  4. Rank 4AQYLDGlobal X Nasdaq 100 Covered Call ETFScore 79
  5. Rank 5AQYLGGlobal X Nasdaq 100 Covered Call & Growth ETFScore 77
  6. Rank 17CXQQINEOS Boosted Nasdaq-100 High Income ETFScore 53
  7. Rank 18CCAIQCalamos Nasdaq Autocallable Income ETFScore 52
  8. Rank 19CQXQSGI Enhanced Nasdaq 100 ETFScore 51

Our read on each fund

ETF.net Research

CAIQCCalamos Nasdaq Autocallable Income ETF

QYLDAGlobal X Nasdaq 100 Covered Call 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.

QYLD Running since 2013, QYLD is the no-frills version of the Nasdaq-100 income trade: own the index, sell calls against it, pay out monthly. No stock picking, no manager discretion, just a rules-based buy-write index followed closely.

Stated mandate

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

QYLD QYLD seeks, before fees and expenses, to generally match the price and yield performance of the Cboe NASDAQ-100® BuyWrite V2 Index. It uses a buy-write strategy that holds NASDAQ-100 stocks and sells corresponding call options.

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.
  • QYLD Simple machine: holds Nasdaq-100 stocks, sells the matching calls, and tracks the Cboe NASDAQ-100 BuyWrite V2 Index closely. Nothing to second-guess.
  • Income arrives monthly, and the 0.60% fee sits under the median for Nasdaq-100 options-income funds.
  • A multi-billion-dollar fund that trades very actively, so getting in and out is rarely the hard part.

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.
  • QYLD Writing calls sells the upside. When the Nasdaq-100 runs past the strike, that gain goes to the option buyer, not the fund.
  • Leaner options on the same index: QQA at 0.33%, GPIQ and JEPQ at 0.35%.
  • Payouts are funded by option premium and no target rate is declared, so the monthly check varies with volatility.

Full CAIQ profile⁠

Full QYLD profile⁠

CAIQ vs QYLD Holdings

As of

How CAIQ and QYLD differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of CAIQ and 0.0% of QYLD.

Level by level

  • Asset classAlternatives, Equity0.0%
  • Holdings0 in both0.0%
  • Countryby domicile97.3%

Sector

No Sector split for CAIQ.

Country, concentration and asset class

Country by domicile

Country weights in CAIQ and QYLD, widest gap first
CountryMore in CAIQMore in QYLD
United StatesCAIQ +2.7 points
CanadaQYLD +1.1 points
NetherlandsQYLD +0.9 points
Other countries (3)QYLD +0.8 points

Concentration

Weight in the 10 largest Holdings

  • CAIQ100.7%
  • QYLD48.9%

Securities held

  • CAIQ3
  • QYLD102

Asset class

CAIQ
Alternatives
QYLD
Equity

Holdings

  • Only in CAIQ3
  • In both0
  • Only in QYLD102

Only in CAIQ

3 securities, 100% of CAIQ by weight

  • TRS RECEIVE MQAUTOQL: MerQube NASDAQ-100 VOL ADVANTAGE AUTOCALL IDX PAY US SOFR Rate +10bps - JPM50.93%
  • Calamos Tax-Aware Collateral ETF41.74%
  • United States Treasury Bill7.46%

Only in QYLD

102 securities, 100% of QYLD by weight

  • NVIDIA Corp8.55%
  • Apple Inc7.80%
  • Microsoft Corp6.30%

Weight gaps

CAIQ and QYLD share no securities.

All CAIQ holdings⁠All 102 QYLD holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

CAIQ vs QYLD Cost

Overpaying CAIQ vs QYLD

$2,490

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

  • CAIQ 0.74%

    $14,307

  • QYLD 0.60%

    $11,817

$10,000
30 years

Cost over time

  • CAIQ 0.74%
  • QYLD 0.60%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530CAIQ $14,307QYLD $11,817

Year by year

YearCAIQQYLDOverpaying
10$1,319$1,076$243
20$5,015$4,116$899
30$14,307$11,817$2,490

Expense ratio

  • 0.74%CAIQ
  • 0.60%QYLD, cheaper
  • Middle half of Nasdaq-100 Option Income funds
  • Median 0.71%

QYLD 10th cheapest of 30 funds

CAIQ 16th cheapest of 30 funds

CAIQ vs QYLD Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
CAIQ No data
QYLD 11.96%
Payout (12M)
CAIQ No data
QYLD $2.14
Last payment
CAIQ $0.38
QYLD $0.18
Ex-dividend
CAIQ Oct 1, 2026
QYLD Oct 19, 2026
Paid on
CAIQ Oct 8, 2026
QYLD Oct 22, 2026
Frequency
CAIQ Monthly
QYLD Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

CAIQMonthly · 10 paymentsAll CAIQ payments⁠
One bar per payment. 10 payments from 2023 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.$0$0.2520232026YTD
QYLDMonthly · 46 paymentsAll QYLD payments⁠
One bar per payment. 46 payments from 2023 to 2026 YTD. Jan 23, 2023 $0.17; Feb 21, 2023 $0.17; Mar 20, 2023 $0.17; Apr 24, 2023 $0.17; May 22, 2023 $0.17; Jun 20, 2023 $0.18; Jul 24, 2023 $0.18; Aug 21, 2023 $0.17; Sep 18, 2023 $0.17; Oct 23, 2023 $0.17; Nov 20, 2023 $0.16; Dec 28, 2023 $0.17; Jan 22, 2024 $0.18; Feb 20, 2024 $0.18; Mar 18, 2024 $0.18; Apr 22, 2024 $0.17; May 20, 2024 $0.16; Jun 24, 2024 $0.17; Jul 22, 2024 $0.18; Aug 19, 2024 $0.18; Sep 23, 2024 $0.18; Oct 21, 2024 $0.18; Nov 18, 2024 $0.18; Dec 30, 2024 $0.34; Jan 21, 2025 $0.19; Feb 24, 2025 $0.17; Mar 24, 2025 $0.17; Apr 21, 2025 $0.16; May 19, 2025 $0.17; Jun 23, 2025 $0.17; Jul 21, 2025 $0.17; Aug 18, 2025 $0.17; Sep 22, 2025 $0.17; Oct 20, 2025 $0.17; Nov 24, 2025 $0.17; Dec 22, 2025 $0.18; Jan 20, 2026 $0.18; Feb 23, 2026 $0.18; Mar 23, 2026 $0.17; Apr 20, 2026 $0.18; May 18, 2026 $0.18; Jun 22, 2026 $0.19; Jul 20, 2026 $0.18; Aug 24, 2026 $0.18; Sep 21, 2026 $0.18; Oct 19, 2026 $0.18. Use the arrow keys to read each point.$0$0.2520232026YTD

CAIQ vs QYLD Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
CAIQ No dataQYLD 8.1%
Return per unit of riskSharpe ratio, 3 years
CAIQ No dataQYLD 1.31
Worst fallMax drawdown, 5 years
CAIQ No dataQYLD −24.6%
Market sensitivityBeta, 5 years
CAIQ 1.09QYLD 0.48

CAIQ and QYLD in the news

All news⁠

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