CAIQ vs QQQ
Calamos Nasdaq Autocallable Income ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | CAIQ | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.74% | 0.18% | |
| AUM | $324M | $496.3B | |
| Dividend Yield | 10.48% | 0.44% | |
| Holdings | 6 | 108 | |
| YTD Return | +12.00% | +16.64% | |
| 1Y Return | - | +27.27% | |
| 3Y Return (annualized) | - | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | - | 30.6% | |
| Max Drawdown | -9.1% | -83.0% | |
| Fund Family | Calamos Investments | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Nov 20, 2025 | Mar 10, 1999 |
CAIQ vs QQQ Performance
Calamos Nasdaq Autocallable Income ETF (CAIQ) is a ETF from Calamos Investments and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Year to date, CAIQ is up 12.00% versus a gain of 16.64% for QQQ.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -9.1% for CAIQ and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
CAIQ charges 0.74% per year while QQQ charges 0.18%. On a $10,000 position that is $74 vs $18 annually, a gap of $56 per year that compounds over a long holding period. On income, CAIQ currently yields 10.48% against 0.44% for QQQ.
Holdings Overlap
CAIQ and QQQ share 0 holdings out of 103 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, CAIQ or QQQ?
CAIQ has an expense ratio of 0.74% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $56 per year of difference.
What is the holdings overlap between CAIQ and QQQ?
CAIQ and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 103 unique securities.
Which pays a higher dividend, CAIQ or QQQ?
CAIQ yields 10.48% while QQQ yields 0.44%, so CAIQ currently pays the higher dividend yield.
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