CAIQ vs IVV
Calamos Nasdaq Autocallable Income ETF vs iShares Core S&P 500 ETF
Which is better, CAIQ or IVV?
Option Writing against Large Cap Blend.
IVV has a lower expense ratio. IVV led over 1Y.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CAIQ | IVV |
|---|---|---|
| Expense Ratio | 0.74% | 0.03%Best |
| AUM | $387M | $850.0B |
| Dividend Yield | 15.31% | 1.09% |
| Holdings | 12 | 1,018 |
| YTD Return | +7.59% | +12.12%Best |
| 1Y Return | +11.15% | +12.53%Best |
| 3Y Return (annualized) | - | +21.54% |
| 5Y Return (annualized) | - | +11.93% |
| Volatility (annualized) | 17.6% | 13.4%Best |
| Fund Family | Calamos Investments | iShares by BlackRock (US) |
| Category | Alternative | Equity |
| Style | Option Writing | Large Cap Blend |
| Inception | Nov 20, 2025 | May 15, 2000 |
Not shown on this pair: Max Drawdown, $10,000 over the window, Top 10 Weight.
CAIQ vs IVV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
CAIQ vs IVV Performance
Calamos Nasdaq Autocallable Income ETF (CAIQ) is an ETF from Calamos Investments and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year CAIQ returned +11.15% while IVV returned +12.53%. Year to date, CAIQ is up 7.59% versus a gain of 12.12% for IVV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CAIQ has been the more volatile fund, with annualized monthly volatility of 17.6% compared with 13.4% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The two funds' monthly returns correlate at 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CAIQ 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, CAIQ currently yields 15.31% against 1.09% for IVV.
Holdings Overlap
We hold position weights for 1 holding in CAIQ and 505 in IVV, totalling 79.9% and 100.1% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 1 positions we hold weights for in CAIQ and 505 in IVV, against full books of 12 and 1,018.
You are not choosing between two funds in isolation.
Whichever of CAIQ and IVV you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CAIQ or IVV?
CAIQ has an expense ratio of 0.74% while IVV charges 0.03%. IVV is the cheaper option, by $71 a year on a $10,000 investment.
Which performed better, CAIQ or IVV?
Over the past year CAIQ returned +11.15% vs +12.53% for IVV, so IVV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CAIQ or IVV?
CAIQ has been the more volatile fund at 17.6% annualized versus 13.4% for IVV.
Should I hold both CAIQ and IVV?
CAIQ and IVV have a monthly-return correlation of 0.89, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, CAIQ or IVV?
CAIQ yields 15.31% while IVV yields 1.09%, so CAIQ currently pays the higher dividend yield.
Is IVV better than CAIQ?
IVV has a lower expense ratio. IVV led over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.