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

CAGE and PLA both write options for income. Calamos Autocallable Growth ETF and GraniteShares Autocallable PLTR ETF.

0.0%
CAGE cash paid, since launch
6.9%
PLA cash paid, since launch
+14.4%
CAGE total return, since launch
+11.1%
PLA total return, since launch
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. Total return, distributions reinvested. CAGE since launch: paid 0.0%, price +14.4%, total +14.4%, SPY +9.2%, +5.2 pts.

PLA · since launch to Sep 30, 202627.2 pts behind PLTR
PLA
+11.1%
PLTR
+38.3%

27.2 pts behind PLTR

PLA since launch: paid 6.9%, price +3.7%, total +11.1%, PLTR +38.3%, −27.2 pts.

PLTR

+38.3%

PLA

+11.1%

6.9% as cash

27.2 pts behind PLTR

Total return, distributions reinvested

27.2 pts behind PLTR

PLA since launch: paid 6.9%, price +3.7%, total +11.1%, PLTR +38.3%, −27.2 pts.

PLTR

+38.3%

PLA

+11.1%

27.2 pts behind PLTR

6.9% of it arrived as cash. Both charts share one scale, 0 to +38.3%. PLA since launch: paid 6.9%, price +3.7%, total +11.1%, PLTR +38.3%, −27.2 pts.

Performance, window by window

Total returnCash paidAgainst the benchmark
WindowCAGEPLACAGEPLACAGEPLA
3 months+3.7%+11.5%0.0%3.5%+1.1 pts−37.2 pts
Since launch
CAGE Apr 2026 · PLA May 2026
+14.4%+11.1%0.0%6.9%+5.2 pts−27.2 pts

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

On the same fields

CAGE
Calamos Autocallable Growth ETF · Autocallable on SPY
PLA
GraniteShares Autocallable PLTR ETF · Autocallable on PLTR, paying monthly
Issuer Calamos GraniteShares
Strategy autocallable autocallable
Benchmark S&P 500 (SPY), used as a default proxy Palantir (PLTR)
Pays not established monthly
Payout rate, annualized not published 19.3%
Expense ratio 0.74% 1.07%
Cash paid, 1 year 0.0% (since launch on Apr 16, 2026) 6.9% (since launch on May 19, 2026)
Price change, 1 year +14.4% +3.7%
Total return, 1 year +14.4% (since launch on Apr 16, 2026) +11.1% (since launch on May 19, 2026)
Benchmark return, 1 year +9.2% +38.3%
Ahead or behind +5.2 pts −27.2 pts
Return of capital, latest estimate not published 0%
Age 167 days 134 days
Net assets $14m $4m

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

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.

PLA in plain words

Over the period since launch on May 19, 2026 to Sep 30, 2026, PLA paid 6.9% of its starting value in cash distributions while its price rose 3.7%. With every distribution reinvested, the fund returned +11.1%. Palantir (PLTR) returned +38.3% over the same days, so a holder was behind by 27.2 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 19.3%, paid monthly. GraniteShares estimates that 0% 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).

Questions people ask

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

ETFIQ, CAGE against PLA, data as of Sep 30, 2026. https://etfiq.com/compare/income/cage-vs-pla

Open data

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