CAIE vs MSR: which paid, and which earned it?
CAIE and MSR both write options for income. Calamos Autocallable Income ETF and GraniteShares Autocallable MSTR ETF.
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
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%
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.
16.6 pts behind MSTR
MSR since launch: paid 5.2%, price −38.4%, total −33.6%, MSTR −17.0%, −16.6 pts.
MSTR
−17.0%
MSR
−33.6%
16.6 pts behind MSTR
Total return, distributions reinvested
16.6 pts behind MSTR
MSR since launch: paid 5.2%, price −38.4%, total −33.6%, MSTR −17.0%, −16.6 pts.
MSTR
−17.0%
MSR
−33.6%
16.6 pts behind MSTR
5.2% of it arrived as cash. Both charts share one scale, 0 to +15.7%. MSR since launch: paid 5.2%, price −38.4%, total −33.6%, MSTR −17.0%, −16.6 pts.
What they hold in common
By the books each fund has filed, CAIE and MSR hold 0% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026 and Jun 30, 2026.
half
0% in common
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed.
Performance, window by window
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | CAIE | MSR | CAIE | MSR | CAIE | MSR |
| 3 months | +0.9% | +14.9% | 2.3% | 4.1% | −1.6 pts | −49.0 pts |
| 6 months | +13.2% | not published | 6.3% | not published | −3.8 pts | not published |
| 1 year | +11.8% | not published | 14.0% | not published | −3.9 pts | not published |
| Since launch CAIE Jun 2025 · MSR May 2026 | +26.1% | −33.6% | 18.1% | 5.2% | −1.2 pts | −16.6 pts |
CAIE and MSR 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 and MSR 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.
MSR in plain words
Over the period since launch on May 12, 2026 to Sep 30, 2026, MSR paid 5.2% of its starting value in cash distributions while its price fell 38.4%. With every distribution reinvested, the fund returned −33.6%. MicroStrategy (MSTR) returned −17.0% over the same days, so a holder was behind by 16.6 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 44.3%, paid periodically. GraniteShares estimates that 0% of the distribution paid Jun 5, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
Questions people ask
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.
ETFIQ, CAIE against MSR, data as of Sep 30, 2026. https://etfiq.com/compare/income/caie-vs-msr
Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.
Cite this page. ETFIQ, CAIE against MSR, data as of Sep 30, 2026. https://etfiq.com/compare/income/caie-vs-msr Free to use with attribution; the underlying files are at Open data.
Other forms
- Plain
- ETFIQ, CAIE against MSR, data as of Sep 30, 2026. https://etfiq.com/compare/income/caie-vs-msr
- APA
- ETFIQ. (Sep 30, 2026). CAIE against MSR. Retrieved from https://etfiq.com/compare/income/caie-vs-msr
- Markdown
- [CAIE against MSR (ETFIQ, Sep 30, 2026)](https://etfiq.com/compare/income/caie-vs-msr)