CAIQ vs SPY
Calamos Nasdaq Autocallable Income ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, CAIQ or SPY?
Option Writing against Large Cap Blend.
SPY has a lower expense ratio.
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 | SPY |
|---|---|---|
| Expense Ratio | 0.74% | 0.09%Best |
| AUM | $333M | $804.7B |
| Dividend Yield | 11.79% | 0.98% |
| Holdings | 6 | 505 |
| YTD Return | +12.33% | +12.47%Best |
| 1Y Return | - | +17.51% |
| 3Y Return (annualized) | - | +21.18% |
| 5Y Return (annualized) | - | +12.88% |
| Fund Family | Calamos Investments | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Option Writing | Large Cap Blend |
| Inception | Nov 20, 2025 | Jan 22, 1993 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window, Top 10 Weight.
CAIQ vs SPY 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 SPY Performance
Calamos Nasdaq Autocallable Income ETF (CAIQ) is an ETF from Calamos Investments and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Year to date, CAIQ is up 12.33% versus a gain of 12.47% for SPY.
Past performance does not guarantee future results.
Fees and Cost Over Time
CAIQ charges 0.74% per year while SPY charges 0.09%. On a $10,000 position that is $74 vs $9 annually, a gap of $65 per year that compounds over a long holding period. On income, CAIQ currently yields 11.79% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 1 holding in CAIQ and 504 in SPY, totalling 78.9% and 100.0% 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 504 in SPY, against full books of 6 and 505.
You are not choosing between two funds in isolation.
Whichever of CAIQ and SPY 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 SPY?
CAIQ has an expense ratio of 0.74% while SPY charges 0.09%. SPY is the cheaper option, by $65 a year on a $10,000 investment.
Which pays a higher dividend, CAIQ or SPY?
CAIQ yields 11.79% while SPY yields 0.98%, so CAIQ currently pays the higher dividend yield.
Is SPY better than CAIQ?
SPY has a lower expense ratio. Which one suits a particular account depends on what it is for. This is information, not a recommendation.