{"url":"https://etfiq.com/compare/income/cage-vs-msr","section":"compare","title":"CAGE vs MSR: which paid, and which earned it? | ETFIQ","description":"CAGE paid 0.0% of its price in cash each over its own window and MSR 5.2%. Total return with distributions reinvested was +14.4% against \u221233.6%, to Sep 30","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which is cheaper, CAGE or MSR?","acceptedAnswer":{"@type":"Answer","text":"CAGE charges 0.74% a year and MSR charges 1.07%, so CAGE is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Income ETFs","item":"https://etfiq.com/income/"},{"@type":"ListItem","position":3,"name":"CAGE vs MSR","item":"https://etfiq.com/compare/income/cage-vs-msr"}]},{"@type":"WebPage","name":"CAGE vs MSR: which paid, and which earned it?","description":"CAGE paid 0.0% of its price in cash each over its own window and MSR 5.2%. Total return with distributions reinvested was +14.4% against \u221233.6%, to Sep 30, 2026.","url":"https://etfiq.com/compare/income/cage-vs-msr","dateModified":"2026-09-30","abstract":"CAGE and MSR both write options for income.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of CAGE and MSR","description":"CAGE paid 0.0% of its price in cash each over its own window and MSR 5.2%. Total return with distributions reinvested was +14.4% against \u221233.6%, to Sep 30, 2026.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/income/cage-vs-msr","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/income.json"}],"variableMeasured":["Cash paid","Price change","Total return with distributions reinvested","Benchmark total return","Ahead or behind in percentage points","Distribution rate","Return of capital estimate","Expense ratio"],"keywords":["exchange-traded funds","ETF","Income ETFs","fund data","SEC filings"]}],"characters":5169,"truncated":true,"content":"ETFIQ / Income ETFs / Head to head / CAGE vs MSR \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n CAGE vs MSR: which paid, and which earned it?\n\n CAGE and MSR both write options for income.\n Copy this for sharing \n \n Calamos Autocallable Growth ETF and GraniteShares Autocallable MSTR ETF.\n\n Download as PDF \n\n 0.0% CAGE cash paid, since launch \n 5.2% MSR cash paid, since launch \n +14.4% CAGE total return, since launch \n \u221233.6% MSR total return, since launch \n\n CAGE 5.2 pts ahead of SPY \u00b7 since launch to Sep 30, 2026 [CAGE since launch: paid 0.0%, price +14.4%, total +14.4","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/income/cage-vs-msr","a":{"ticker":"CAGE","name":"Calamos Autocallable Growth ETF","issuer":"Calamos","desk":"income","as_of":"2026-09-30","verdict":"Since its launch on Apr 16, 2026, CAGE paid no cash and finished 5.2 points ahead of SPY.","url":"https://etfiq.com/funds/cage","key_facts":[{"label":"Cash paid, since launch, on its starting price","value":"0.0%","as_of":"2026-09-30","source":null},{"label":"Total return, since launch","value":"+14.4%","as_of":"2026-09-30","source":null},{"label":"Against SPY","value":"+5.2 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$14m","as_of":"2026-09-30","source":"SEC filing, whole fund, as filed for Apr 30, 2026"},{"label":"Expense ratio","value":"0.74%","as_of":"2026-09-30","source":"485BPOS XBRL, Apr 10, 2026"},{"label":"Benchmark","value":"S&P 500 (SPY), used as a default proxy (proxy)","as_of":"2026-09-30","source":null}]},"b":{"ticker":"MSR","name":"GraniteShares Autocallable MSTR ETF","issuer":"GraniteShares","desk":"income","as_of":"2026-09-30","verdict":"Since its launch on May 12, 2026, MSR paid 5.2% in cash and finished 16.6 points behind MSTR.","url":"https://etfiq.com/funds/msr","key_facts":[{"label":"Cash paid, since launch, on its starting price","value":"5.2%","as_of":"2026-09-30","source":null},{"label":"Total return, since launch","value":"\u221233.6%","as_of":"2026-09-30","source":null},{"label":"Against MSTR","value":"\u221216.6 pts","as_of":"2026-09-30","source":null},{"label":"Return of capital, latest payout (GraniteShares estimate)","value":"0.1%","as_of":"2026-09-30","source":"GraniteShares estimate"},{"label":"Net assets","value":"$593,832","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.07%","as_of":"2026-09-30","source":"485BPOS XBRL, Jan 13, 2026"}]},"overlap_pct":0,"full_text_at":"https://etfiq.com/compare/income/cage-vs-msr"}