CANQ vs OVQ
Calamos Nasdaq Equity & Income ETF vs Overlay Shares Nasdaq 100 Income ETF
Which is better, CANQ or OVQ?
CANQ costs less.
CANQ 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 | CANQ | OVQ |
|---|---|---|
| Expense Ratio | 0.94%Best | 0.97% |
| AUM | $20M | $33M |
| Dividend Yield | 4.72% | 0.00% |
| Holdings | 58 | 2 |
| YTD Return | +0.40%Best | -3.77% |
| 1Y Return | -1.11% | - |
| Fund Family | Calamos Investments | Overlay Shares |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Feb 13, 2024 | Oct 23, 2026 |
Not shown on this pair: 3Y Return (annualized), 5Y Return (annualized), Volatility (annualized), Max Drawdown, $10,000 over the window, Top 10 Weight.
CANQ vs OVQ 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.
CANQ vs OVQ Performance
Calamos Nasdaq Equity & Income ETF (CANQ) is an ETF from Calamos Investments and Overlay Shares Nasdaq 100 Income ETF (OVQ) is an ETF from Overlay Shares. Year to date, CANQ is up 0.40% versus a loss of 3.77% for OVQ.
Past performance does not guarantee future results.
Fees and Cost Over Time
CANQ charges 0.94% per year while OVQ charges 0.97%. On a $10,000 position that is $94 vs $97 annually, a gap of $3 per year that compounds over a long holding period. On income, CANQ currently yields 4.72% against 0.00% for OVQ.
Holdings Overlap
We hold position weights for 21 holdings in CANQ and 2 in OVQ, totalling 91.6% and 100.6% 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 21 positions we hold weights for in CANQ and 2 in OVQ, against full books of 58 and 2.
What only one of them owns
Measured across the 21 and 2 positions we hold weights for.
CANQ holds 21 positions OVQ does not, 91.6% of the fund.
Largest: MTBA 24.56%, VWOB 21.51%, SPHY 14.96%, JAAA 11.88%, SCHJ 4.57%
You are not choosing between two funds in isolation.
Whichever of CANQ and OVQ 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, CANQ or OVQ?
CANQ has an expense ratio of 0.94% while OVQ charges 0.97%. CANQ is the cheaper option, by $3 a year on a $10,000 investment.
Which pays a higher dividend, CANQ or OVQ?
CANQ yields 4.72% while OVQ yields 0.00%, so CANQ currently pays the higher dividend yield.
Is OVQ better than CANQ?
CANQ has a lower expense ratio. Which one suits a particular account depends on what it is for. This is information, not a recommendation.