Data as of Nov 4, 2026.

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Income ETFs

BIGY vs CAIQ: Dividend Yield & Total Return

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BIGY and CAIQ both write options for income.

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Net assets: $31m on Nov 3, 2026 for YieldMax Target 12 Big 50 Option Income ETF, and $286m on Jul 31, 2026 for Calamos Nasdaq Autocallable Income ETF.

At a glance
13.1%
BIGY cash paid, 1 year
16.8%
CAIQ cash paid, since launch, Nov 20, 2025
+7.4%
BIGY total return, 1 year
+13.0%
CAIQ total return, since launch, Nov 20, 2025
BIGY · 1 year to Nov 4, 2026 7.4 pts behind SPY
BIGY
+7.4%
SPY
+14.8%

7.4 pts behind SPY

BIGY over 1 year: paid 13.1%, price −6.1%, total +7.4%, SPY +14.8%, −7.4 pts. Data to Nov 4, 2026.

SPY

+14.8%

BIGY

+7.4%

13.1% of it arrived as cash

7.4 pts behind SPY

Total return, distributions reinvested

7.4 pts behind SPY

BIGY over 1 year: paid 13.1%, price −6.1%, total +7.4%, SPY +14.8%, −7.4 pts. Data to Nov 4, 2026.

SPY

+14.8%

BIGY

+7.4%

7.4 pts behind SPY

13.1% of it arrived as cash. Total return, distributions reinvested. BIGY over 1 year: paid 13.1%, price −6.1%, total +7.4%, SPY +14.8%, −7.4 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.
CAIQ · since launch to Nov 4, 2026 5.7 pts behind QQQ
CAIQ
+13.0%
QQQ
+18.7%

5.7 pts behind QQQ

CAIQ since launch: paid 16.8%, price −4.1%, total +13.0%, QQQ +18.7%, −5.7 pts. Data to Nov 4, 2026.

QQQ

+18.7%

CAIQ

+13.0%

16.8% of it arrived as cash

5.7 pts behind QQQ

Total return, distributions reinvested

5.7 pts behind QQQ

CAIQ since launch: paid 16.8%, price −4.1%, total +13.0%, QQQ +18.7%, −5.7 pts. Data to Nov 4, 2026.

QQQ

+18.7%

CAIQ

+13.0%

16.8% as cash

5.7 pts behind QQQ

16.8% of it arrived as cash. Both charts share one scale, with zero at the line. CAIQ since launch: paid 16.8%, price −4.1%, total +13.0%, QQQ +18.7%, −5.7 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

CAIQ costs 0.35 points a year less.

Points (pts) are percentage points.

BIGY vs CAIQ: Dividend Yield & Total Return
MeasureBIGYCAIQ
Paid and earned
Total return, 1 year+7.4%not published
Price changefell 6.1% (1 year)fell 4.1% (since Nov 20, 2025)
Return of capital, issuer estimate29% of the Nov 5, 2026 payment100% of the Nov 9, 2026 payment
Against its benchmark
BenchmarkS&P 500, measured through SPYNasdaq-100, measured through QQQ
Cost and size
Expense ratio1.09%0.74%
Net assets, BIGY as of Nov 3, 2026 and CAIQ as of Jul 31, 2026$31m$286m
Holdings
Holdings in common0%

Method

What they share

0%

By the books each fund has filed, BIGY and CAIQ hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 4, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first BIGY CAIQ
Only in one fund ↓
Only in BIGY
Microsoft Corp 9.51%
Apple Inc 9.15%
NVIDIA Corp 7.62%
Alphabet Inc 7.37%
Amazon.com Inc 6.70%
Space Exploration Technologies Corp 4.31%
Meta Platforms Inc 3.69%
Tesla Inc 3.63%
Only in CAIQ
Calamos Tax-Aware Collateral ETF 81.06%
Check overlap with more funds →

Side by side

BIGY YieldMax Target 12 Big 50 Option Income ETF · Synthetic covered call on SPY, paying monthly CAIQ Calamos Nasdaq Autocallable Income ETF · Autocallable on QQQ, paying monthly
Strategy synthetic covered call autocallable
Benchmark S&P 500 (SPY) Nasdaq-100 (QQQ)
Pays monthly monthly
Payout rate, annualized 11.9% 19.6%
Expense ratio 1.09% 0.74%
Cash paid, 1 year 13.1% 16.8% (since launch, Nov 20, 2025)
Price change, 1 year −6.1% −4.1% (since launch, Nov 20, 2025)
Total return, 1 year +7.4% +13.0% (since launch, Nov 20, 2025)
Benchmark return, 1 year +14.8% +18.7% (since launch, Nov 20, 2025)
Ahead or behind −7.4 pts −5.7 pts (since launch, Nov 20, 2025)
Return of capital, latest estimate 29% 100%
Age 2.0 years 349 days
Net assets, BIGY as of Nov 3, 2026 and CAIQ as of Jul 31, 2026 $31m $286m

As of Nov 4, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price. Payout rate: the latest payment, annualized, over today’s price.

Window by window

Window by window: BIGY vs CAIQ: Dividend Yield & Total Return
Total returnCash paidAgainst the benchmark
WindowBIGYCAIQBIGYCAIQBIGYCAIQ
3 months−1.2%−2.9%3.0%4.5%−1.1 pts+0.6 pts
6 months+2.1%−1.9%6.4%8.6%−2.9 pts−1.6 pts
1 year+7.4%–13.1%–−7.4 pts–
Since launchNot the same days: BIGY Nov 2024 · CAIQ Nov 2025+26.8%+13.0%23.9%16.8%−5.3 pts−5.7 pts

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About each fund
BIGY

Over the year to Nov 4, 2026, BIGY paid 13.1% of its starting value in cash distributions while its price fell 6.1%. With every distribution reinvested, the fund returned +7.4%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 7.4 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 11.9%, paid monthly. YieldMax estimates that 29% of the distribution paid Nov 5, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

CAIQ

Over the period from its first trade on Nov 20, 2025 to Nov 4, 2026, CAIQ paid 16.8% of its starting value in cash distributions while its price fell 4.1%. With every distribution reinvested, the fund returned +13.0%. Nasdaq-100 (QQQ) returned +18.7% over the same days, so a holder was behind by 5.7 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 19.6%, paid monthly. Calamos estimates that 100% of the distribution paid Nov 9, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which is cheaper, BIGY or CAIQ?
BIGY charges 1.09% a year and CAIQ charges 0.74%, so CAIQ is cheaper. Fees come from each fund's prospectus.
Other comparisons
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ETFIQ, BIGY against CAIQ, data as of Nov 4, 2026. https://etfiq.com/compare/income/bigy-vs-caiq

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