CAIE vs IACL: which paid, and which earned it?

CAIE and IACL both write options for income. Calamos Autocallable Income ETF and GraniteShares US 100 Autocallable Income ETF.

14.0%
CAIE cash paid, 1 year
0.4%
IACL cash paid, since launch
+11.8%
CAIE total return, 1 year
+1.1%
IACL total return, since launch
CAIE · 1 year to Sep 30, 20263.9 pts behind SPY
CAIE
+11.8%
SPY
+15.7%

3.9 pts behind SPY

CAIE over 1 year: paid 14.0%, price −3.1%, total +11.8%, SPY +15.7%, −3.9 pts.

SPY

+15.7%

CAIE

+11.8%

14.0% of it arrived as cash

3.9 pts behind SPY

Total return, distributions reinvested

3.9 pts behind SPY

CAIE over 1 year: paid 14.0%, price −3.1%, total +11.8%, SPY +15.7%, −3.9 pts.

SPY

+15.7%

CAIE

+11.8%

14.0% as cash

3.9 pts behind SPY

14.0% of it arrived as cash. Total return, distributions reinvested. CAIE over 1 year: paid 14.0%, price −3.1%, total +11.8%, SPY +15.7%, −3.9 pts.

IACL · since launch to Sep 30, 20261.4 pts ahead of SPY
IACL
+1.1%
SPY
−0.4%

1.4 pts ahead of SPY

IACL since launch: paid 0.4%, price +0.7%, total +1.1%, SPY −0.4%, +1.4 pts.

SPY

−0.4%

IACL

+1.1%

1.4 pts ahead of SPY

Total return, distributions reinvested

1.4 pts ahead of SPY

IACL since launch: paid 0.4%, price +0.7%, total +1.1%, SPY −0.4%, +1.4 pts.

SPY

−0.4%

IACL

+1.1%

1.4 pts ahead of SPY

0.4% of it arrived as cash. Both charts share one scale, 0 to +15.7%. IACL since launch: paid 0.4%, price +0.7%, total +1.1%, SPY −0.4%, +1.4 pts.

Performance, window by window

Total returnCash paidAgainst the benchmark
WindowCAIEIACLCAIEIACLCAIEIACL
3 months+0.9%not published2.3%not published−1.6 ptsnot published
6 months+13.2%not published6.3%not published−3.8 ptsnot published
1 year+11.8%not published14.0%not published−3.9 ptsnot published
Since launch
CAIE Jun 2025 · IACL Aug 2026
+26.1%+1.1%18.1%0.4%−1.2 pts+1.4 pts

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

On the same fields

CAIE
Calamos Autocallable Income ETF · Autocallable on SPY, paying monthly
IACL
GraniteShares US 100 Autocallable Income ETF · Autocallable on SPY
Issuer Calamos GraniteShares
Strategy autocallable autocallable
Benchmark S&P 500 (SPY), used as a default proxy S&P 500 (SPY), used as a default proxy
Pays monthly not established
Payout rate, annualized 14.1% 5.0%
Expense ratio 0.74% 0.55%
Cash paid, 1 year 14.0% 0.4% (since launch on Aug 18, 2026)
Price change, 1 year −3.1% +0.7%
Total return, 1 year +11.8% +1.1% (since launch on Aug 18, 2026)
Benchmark return, 1 year +15.7% −0.4%
Ahead or behind −3.9 pts +1.4 pts
Return of capital, latest estimate not published 99%
Age 462 days 43 days
Net assets $872m $3m

CAIE and IACL on the same fields, as of Sep 30, 2026. Source: ETFIQ.

CAIE in plain words

Over the year to Sep 30, 2026, CAIE paid 14.0% of its starting value in cash distributions while its price fell 3.1%. With every distribution reinvested, the fund returned +11.8%. S&P 500 (SPY), used as a default proxy returned +15.7% over the same days, so a holder was behind by 3.9 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 14.1%, paid monthly.

IACL in plain words

Over the period since launch on Aug 18, 2026 to Sep 30, 2026, IACL paid 0.4% of its starting value in cash distributions while its price rose 0.7%. With every distribution reinvested, the fund returned +1.1%. S&P 500 (SPY), used as a default proxy returned −0.4% over the same days, so a holder was ahead by 1.4 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 5.0%, paid periodically. GraniteShares estimates that 99% 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, CAIE or IACL?
CAIE charges 0.74% a year and IACL charges 0.55%, so IACL is cheaper. Fees come from each fund's prospectus.
Cite this page

ETFIQ, CAIE against IACL, data as of Sep 30, 2026. https://etfiq.com/compare/income/caie-vs-iacl

Open data

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