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

AHD and CAGE both write options for income. GraniteShares Autocallable HOOD ETF and Calamos Autocallable Growth ETF.

10.1%
AHD cash paid, since launch
0.0%
CAGE cash paid, since launch
+17.7%
AHD total return, since launch
+14.4%
CAGE total return, since launch
AHD · since launch to Sep 30, 202634 pts behind HOOD
AHD
+17.7%
HOOD
+51.7%

34 pts behind HOOD

AHD since launch: paid 10.1%, price +6.9%, total +17.7%, HOOD +51.7%, −34.0 pts.

HOOD

+51.7%

AHD

+17.7%

10.1% as cash

34 pts behind HOOD

Total return, distributions reinvested

34 pts behind HOOD

AHD since launch: paid 10.1%, price +6.9%, total +17.7%, HOOD +51.7%, −34.0 pts.

HOOD

+51.7%

AHD

+17.7%

34 pts behind HOOD

10.1% of it arrived as cash. Total return, distributions reinvested. AHD since launch: paid 10.1%, price +6.9%, total +17.7%, HOOD +51.7%, −34.0 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 +51.7%. CAGE since launch: paid 0.0%, price +14.4%, total +14.4%, SPY +9.2%, +5.2 pts.

Performance, window by window

Total returnCash paidAgainst the benchmark
WindowAHDCAGEAHDCAGEAHDCAGE
3 months+9.1%+3.7%5.1%0.0%+5.5 pts+1.1 pts
Since launch
AHD May 2026 · CAGE Apr 2026
+17.7%+14.4%10.1%0.0%−34.0 pts+5.2 pts

AHD 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

AHD
GraniteShares Autocallable HOOD ETF · Autocallable on HOOD, paying monthly
CAGE
Calamos Autocallable Growth ETF · Autocallable on SPY
Issuer GraniteShares Calamos
Strategy autocallable autocallable
Benchmark Robinhood (HOOD) S&P 500 (SPY), used as a default proxy
Pays monthly not established
Payout rate, annualized 32.6% not published
Expense ratio 1.07% 0.74%
Cash paid, 1 year 10.1% (since launch on May 19, 2026) 0.0% (since launch on Apr 16, 2026)
Price change, 1 year +6.9% +14.4%
Total return, 1 year +17.7% (since launch on May 19, 2026) +14.4% (since launch on Apr 16, 2026)
Benchmark return, 1 year +51.7% +9.2%
Ahead or behind −34.0 pts +5.2 pts
Return of capital, latest estimate 17% not published
Age 134 days 167 days
Net assets $3m $14m

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

AHD in plain words

Over the period since launch on May 19, 2026 to Sep 30, 2026, AHD paid 10.1% of its starting value in cash distributions while its price rose 6.9%. With every distribution reinvested, the fund returned +17.7%. Robinhood (HOOD) returned +51.7% over the same days, so a holder was behind by 34.0 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 32.6%, paid monthly. GraniteShares estimates that 17% of the distribution paid Aug 14, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).

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, AHD or CAGE?
AHD charges 1.07% a year and CAGE charges 0.74%, so CAGE is cheaper. Fees come from each fund's prospectus.
Cite this page

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