ACSP vs CAGE: which paid, and which earned it?

ACSP and CAGE both write options for income. ProShares S&P 500 Autocallable Income ETF and Calamos Autocallable Growth ETF.

0.0%
ACSP cash paid, since launch
0.0%
CAGE cash paid, since launch
−3.9%
ACSP total return, since launch
+14.4%
CAGE total return, since launch
ACSP · since launch to Sep 30, 20262.4 pts behind SPY
ACSP
−3.9%
SPY
−1.5%

2.4 pts behind SPY

ACSP since launch: paid 0.0%, price −3.9%, total −3.9%, SPY −1.5%, −2.4 pts.

SPY

−1.5%

ACSP

−3.9%

2.4 pts behind SPY

Total return, distributions reinvested

2.4 pts behind SPY

ACSP since launch: paid 0.0%, price −3.9%, total −3.9%, SPY −1.5%, −2.4 pts.

SPY

−1.5%

ACSP

−3.9%

2.4 pts behind SPY

0.0% of it arrived as cash. Total return, distributions reinvested. ACSP since launch: paid 0.0%, price −3.9%, total −3.9%, SPY −1.5%, −2.4 pts.

CAGE · since launch to Sep 30, 20265.2 pts ahead of SPY
CAGE
+14.4%
SPY
+9.2%

5.2 pts ahead of SPY

CAGE since launch: paid 0.0%, price +14.4%, total +14.4%, SPY +9.2%, +5.2 pts.

SPY

+9.2%

CAGE

+14.4%

5.2 pts ahead of SPY

Total return, distributions reinvested

5.2 pts ahead of SPY

CAGE since launch: paid 0.0%, price +14.4%, total +14.4%, SPY +9.2%, +5.2 pts.

SPY

+9.2%

CAGE

+14.4%

5.2 pts ahead of SPY

0.0% of it arrived as cash. Both charts share one scale, 0 to +14.4%. CAGE since launch: paid 0.0%, price +14.4%, total +14.4%, SPY +9.2%, +5.2 pts.

What they hold in common

By the books each fund has filed, ACSP and CAGE hold 0% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026 and Sep 30, 2026.

half

0% in common

Positions both hold, largest shared weight first
Holding ACSP CAGE
Only in ACSP
S&P500 FUTURES 35% AUTOCALL SWAP BANK OF AMERICA NA 100.00%
Only in CAGE
Calamos Tax-Aware Collateral ETF 100.00%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed.

Performance, window by window

Total returnCash paidAgainst the benchmark
WindowACSPCAGEACSPCAGEACSPCAGE
3 monthsnot published+3.7%not published0.0%not published+1.1 pts
Since launch
ACSP Aug 2026 · CAGE Apr 2026
−3.9%+14.4%0.0%0.0%−2.4 pts+5.2 pts

ACSP and CAGE over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

ACSP
ProShares S&P 500 Autocallable Income ETF · Autocallable on SPY
CAGE
Calamos Autocallable Growth ETF · Autocallable on SPY
Issuer ProShares Calamos
Strategy autocallable autocallable
Benchmark S&P 500 (SPY) S&P 500 (SPY), used as a default proxy
Pays not established not established
Payout rate, annualized not published not published
Expense ratio 0.72% 0.74%
Cash paid, 1 year 0.0% (since launch on Aug 14, 2026) 0.0% (since launch on Apr 16, 2026)
Price change, 1 year −3.9% +14.4%
Total return, 1 year −3.9% (since launch on Aug 14, 2026) +14.4% (since launch on Apr 16, 2026)
Benchmark return, 1 year −1.5% +9.2%
Ahead or behind −2.4 pts +5.2 pts
Return of capital, latest estimate not published not published
Age 47 days 167 days
Net assets $27m $14m

ACSP and CAGE on the same fields, as of Sep 30, 2026. Source: ETFIQ.

ACSP in plain words

Over the period since launch on Aug 14, 2026 to Sep 30, 2026, ACSP paid 0.0% of its starting value in cash distributions while its price fell 3.9%. With every distribution reinvested, the fund returned −3.9%. S&P 500 (SPY) returned −1.5% over the same days, so a holder was behind by 2.4 pts.

CAGE in plain words

Over the period since launch on Apr 16, 2026 to Sep 30, 2026, CAGE paid 0.0% of its starting value in cash distributions while its price rose 14.4%. With every distribution reinvested, the fund returned +14.4%. S&P 500 (SPY), used as a default proxy returned +9.2% over the same days, so a holder was ahead by 5.2 pts.

Questions people ask

Which is cheaper, ACSP or CAGE?
ACSP charges 0.72% a year and CAGE charges 0.74%, so ACSP is cheaper. Fees come from each fund's prospectus.
Cite this page

ETFIQ, ACSP against CAGE, data as of Sep 30, 2026. https://etfiq.com/compare/income/acsp-vs-cage

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.