CAIE vs IVV
Calamos Autocallable Income ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | CAIE | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.74% | 0.03% | |
| AUM | $1.1B | $865.2B | |
| Dividend Yield | 13.30% | 1.09% | |
| Holdings | 6 | 508 | |
| YTD Return | +10.39% | +14.50% | |
| 1Y Return | +17.36% | +22.02% | |
| 3Y Return (annualized) | - | +21.80% | |
| 5Y Return (annualized) | - | +13.37% | |
| Volatility (annualized) | 11.0% | 15.1% | |
| Max Drawdown | -7.7% | -56.5% | |
| Fund Family | Calamos Investments | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jun 25, 2025 | May 15, 2000 |
CAIE vs IVV Performance
Calamos Autocallable Income ETF (CAIE) is a ETF from Calamos Investments and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year CAIE returned +17.36% while IVV returned +22.02%. Year to date, CAIE is up 10.39% versus a gain of 14.50% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 11.0% for CAIE. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -7.7% for CAIE and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.97. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
CAIE charges 0.74% per year while IVV charges 0.03%. On a $10,000 position that is $74 vs $3 annually, a gap of $71 per year that compounds over a long holding period. On income, CAIE currently yields 13.30% against 1.09% for IVV.
Holdings Overlap
CAIE and IVV share 0 holdings out of 506 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CAIE or IVV?
CAIE has an expense ratio of 0.74% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $71 per year of difference.
Which performed better, CAIE or IVV?
Over the past year CAIE returned +17.36% vs +22.02% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (1 years), CAIE annualized +23.62% vs +7.07% for IVV. Past performance does not guarantee future results.
Which is riskier, CAIE or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 11.0% for CAIE. Worst drawdown: CAIE -7.7% vs IVV -56.5%.
Should I hold both CAIE and IVV?
CAIE and IVV have a monthly-return correlation of 0.97, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between CAIE and IVV?
CAIE and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, CAIE or IVV?
CAIE yields 13.30% while IVV yields 1.09%, so CAIE currently pays the higher dividend yield.
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