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

ACYQ and CAGE both write options for income. FT Vest Autocallable Barrier & High Income ETF and Calamos Autocallable Growth ETF.

1.9%
ACYQ cash paid, since launch
0.0%
CAGE cash paid, since launch
+8.0%
ACYQ total return, since launch
+14.4%
CAGE total return, since launch
ACYQ · since launch to Sep 30, 20263.7 pts ahead of SPY
ACYQ
+8.0%
SPY
+4.3%

3.7 pts ahead of SPY

ACYQ since launch: paid 1.9%, price +6.0%, total +8.0%, SPY +4.3%, +3.7 pts.

SPY

+4.3%

ACYQ

+8.0%

1.9% cash

3.7 pts ahead of SPY

Total return, distributions reinvested

3.7 pts ahead of SPY

ACYQ since launch: paid 1.9%, price +6.0%, total +8.0%, SPY +4.3%, +3.7 pts.

SPY

+4.3%

ACYQ

+8.0%

3.7 pts ahead of SPY

1.9% of it arrived as cash. Total return, distributions reinvested. ACYQ since launch: paid 1.9%, price +6.0%, total +8.0%, SPY +4.3%, +3.7 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, ACYQ 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 ACYQ CAGE
Only in ACYQ
U.S. Treasury Bill, 0%, due 11/27/2026 31.38%
U.S. Treasury Bill, 0%, due 10/29/2026 30.47%
U.S. Treasury Bill, 0%, due 12/31/2026 30.12%
US Dollar 4.29%
ACYQ Autocall Derivative JPMorgan 1.53%
ACYQ Autocall Derivative Citi 1.12%
ACYQ Autocall Derivative BNP 1.10%
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
WindowACYQCAGEACYQCAGEACYQCAGE
3 months+6.0%+3.7%1.8%0.0%+3.5 pts+1.1 pts
Since launch
ACYQ Jun 2026 · CAGE Apr 2026
+8.0%+14.4%1.9%0.0%+3.7 pts+5.2 pts

ACYQ 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

ACYQ
FT Vest Autocallable Barrier & High Income ETF · Autocallable on SPY
CAGE
Calamos Autocallable Growth ETF · Autocallable on SPY
Issuer First Trust Calamos
Strategy autocallable autocallable
Benchmark S&P 500 (SPY), used as a default proxy S&P 500 (SPY), used as a default proxy
Pays not established not established
Payout rate, annualized 21.0% not published
Expense ratio 0.75% 0.74%
Cash paid, 1 year 1.9% (since launch on Jun 24, 2026) 0.0% (since launch on Apr 16, 2026)
Price change, 1 year +6.0% +14.4%
Total return, 1 year +8.0% (since launch on Jun 24, 2026) +14.4% (since launch on Apr 16, 2026)
Benchmark return, 1 year +4.3% +9.2%
Ahead or behind +3.7 pts +5.2 pts
Return of capital, latest estimate not published not published
Age 98 days 167 days
Net assets $78m $14m

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

ACYQ in plain words

Over the period since launch on Jun 24, 2026 to Sep 30, 2026, ACYQ paid 1.9% of its starting value in cash distributions while its price rose 6.0%. With every distribution reinvested, the fund returned +8.0%. S&P 500 (SPY), used as a default proxy returned +4.3% over the same days, so a holder was ahead by 3.7 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 21.0%, paid periodically.

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, ACYQ or CAGE?
ACYQ charges 0.75% a year and CAGE charges 0.74%, so CAGE is cheaper. Fees come from each fund's prospectus.
Cite this page

ETFIQ, ACYQ against CAGE, data as of Sep 30, 2026. https://etfiq.com/compare/income/acyq-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.