ANV vs CAIQ: which paid, and which earned it?

ANV and CAIQ both write options for income. GraniteShares Autocallable NVDA ETF and Calamos Nasdaq Autocallable Income ETF.

9.5%
ANV cash paid, since launch
13.7%
CAIQ cash paid, since launch
+13.2%
ANV total return, since launch
+19.6%
CAIQ total return, since launch
ANV · since launch to Sep 30, 202613.8 pts behind NVDA
ANV
+13.2%
NVDA
+26.9%

13.8 pts behind NVDA

ANV since launch: paid 9.5%, price +3.0%, total +13.2%, NVDA +26.9%, −13.8 pts.

NVDA

+26.9%

ANV

+13.2%

9.5% of it arrived as cash

13.8 pts behind NVDA

Total return, distributions reinvested

13.8 pts behind NVDA

ANV since launch: paid 9.5%, price +3.0%, total +13.2%, NVDA +26.9%, −13.8 pts.

NVDA

+26.9%

ANV

+13.2%

13.8 pts behind NVDA

9.5% of it arrived as cash. Total return, distributions reinvested. ANV since launch: paid 9.5%, price +3.0%, total +13.2%, NVDA +26.9%, −13.8 pts.

CAIQ · since launch to Sep 30, 20267.3 pts behind QQQ
CAIQ
+19.6%
QQQ
+26.9%

7.3 pts behind QQQ

CAIQ since launch: paid 13.7%, price +4.7%, total +19.6%, QQQ +26.9%, −7.3 pts.

QQQ

+26.9%

CAIQ

+19.6%

13.7% of it arrived as cash

7.3 pts behind QQQ

Total return, distributions reinvested

7.3 pts behind QQQ

CAIQ since launch: paid 13.7%, price +4.7%, total +19.6%, QQQ +26.9%, −7.3 pts.

QQQ

+26.9%

CAIQ

+19.6%

7.3 pts behind QQQ

13.7% of it arrived as cash. Both charts share one scale, 0 to +26.9%. CAIQ since launch: paid 13.7%, price +4.7%, total +19.6%, QQQ +26.9%, −7.3 pts.

Performance, window by window

Total returnCash paidAgainst the benchmark
WindowANVCAIQANVCAIQANVCAIQ
3 months+5.3%+2.6%2.5%2.9%−10.4 pts+0.5 pts
6 months+11.1%+18.4%6.8%8.0%−19.2 pts−8.4 pts
Since launch
ANV Feb 2026 · CAIQ Nov 2025
+13.2%+19.6%9.5%13.7%−13.8 pts−7.3 pts

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

On the same fields

ANV
GraniteShares Autocallable NVDA ETF · Autocallable on NVDA, paying monthly
CAIQ
Calamos Nasdaq Autocallable Income ETF · Autocallable on QQQ, paying monthly
Issuer GraniteShares Calamos
Strategy autocallable autocallable
Benchmark NVIDIA (NVDA) Nasdaq-100 (QQQ)
Pays monthly monthly
Payout rate, annualized 13.9% 17.5%
Expense ratio 1.07% 0.74%
Cash paid, 1 year 9.5% (since launch on Feb 3, 2026) 13.7% (since launch on Nov 20, 2025)
Price change, 1 year +3.0% +4.7%
Total return, 1 year +13.2% (since launch on Feb 3, 2026) +19.6% (since launch on Nov 20, 2025)
Benchmark return, 1 year +26.9% +26.9%
Ahead or behind −13.8 pts −7.3 pts
Return of capital, latest estimate 5% not published
Age 239 days 314 days
Net assets $7m $167m

ANV and CAIQ on the same fields, as of Sep 30, 2026. Source: ETFIQ.

ANV in plain words

Over the period since launch on Feb 3, 2026 to Sep 30, 2026, ANV paid 9.5% of its starting value in cash distributions while its price rose 3.0%. With every distribution reinvested, the fund returned +13.2%. NVIDIA (NVDA) returned +26.9% over the same days, so a holder was behind by 13.8 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 13.9%, paid monthly. GraniteShares estimates that 5% of the distribution paid Sep 11, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).

CAIQ in plain words

Over the period since launch on Nov 20, 2025 to Sep 30, 2026, CAIQ paid 13.7% of its starting value in cash distributions while its price rose 4.7%. With every distribution reinvested, the fund returned +19.6%. Nasdaq-100 (QQQ) returned +26.9% over the same days, so a holder was behind by 7.3 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 17.5%, paid monthly.

Questions people ask

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

ETFIQ, ANV against CAIQ, data as of Sep 30, 2026. https://etfiq.com/compare/income/anv-vs-caiq

Open data

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