Data as of Nov 4, 2026.
CAIQ vs CVRD: Dividend Yield & Total Return
CAIQ and CVRD both write options for income.
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Net assets: $286m on Jul 31, 2026 for Calamos Nasdaq Autocallable Income ETF, and $32m on Jun 30, 2026 for Madison Covered Call ETF.
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% cash
5.7 pts behind QQQ
16.8% of it arrived as cash. Total return, distributions reinvested. 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, 2026.10.4 pts behind its own stocks
CVRD over 1 year: paid 7.7%, price +4.3%, total +12.7%, its own stocks +23.1%, −10.4 pts. Data to Nov 4, 2026.
its own stocks
+23.1%
CVRD
+12.7%
7.7% of it arrived as cash
10.4 pts behind its own stocks
Total return, distributions reinvested
10.4 pts behind its own stocks
CVRD over 1 year: paid 7.7%, price +4.3%, total +12.7%, its own stocks +23.1%, −10.4 pts. Data to Nov 4, 2026.
its own stocks
+23.1%
CVRD
+12.7%
10.4 pts behind its own stocks
7.7% of it arrived as cash. Both charts share one scale, with zero at the line. CVRD over 1 year: paid 7.7%, price +4.3%, total +12.7%, its own stocks +23.1%, −10.4 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
CAIQ costs 0.16 points a year less.
Points (pts) are percentage points.
| Measure | CAIQ | CVRD |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | not published | +12.7% |
| Price change | fell 4.1% (since Nov 20, 2025) | rose 4.3% (1 year) |
| Return of capital, issuer estimate | 100% of the Nov 9, 2026 payment | |
| Against its benchmark | ||
| Benchmark | Nasdaq-100, measured through QQQ | its own stocks |
| Cost and size | ||
| Expense ratio | 0.74% | 0.90% |
| Net assets, CAIQ as of Jul 31, 2026 and CVRD as of Jun 30, 2026 | $286m | $32m |
| Holdings | ||
| Holdings in common | 0% | |
What they share
By the books each fund has filed, CAIQ and CVRD hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.
half
0% in common
Only in one fund ↓
Side by side
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
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | CAIQ | CVRD | CAIQ | CVRD | CAIQ | CVRD |
| 3 months | −2.9% | +5.7% | 4.5% | 1.6% | +0.6 pts | −0.8 pts |
| 6 months | −1.9% | +5.8% | 8.6% | 3.2% | −1.6 pts | −3.8 pts |
| 1 year | – | +12.7% | – | 7.7% | – | −10.4 pts |
| 3 years | – | +26.9% | – | 27.7% | – | not measured |
| Since launchNot the same days: CAIQ Nov 2025 · CVRD Aug 2023 | +13.0% | +27.2% | 16.8% | 27.8% | −5.7 pts | not measured |
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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). That is a tax label, not a measure of erosion.
CVRD
Over the year to Nov 4, 2026, CVRD paid 7.7% of its starting value in cash distributions while its price rose 4.3%. With every distribution reinvested, the fund returned +12.7%. CVRD's own stocks, without the options (from its filed holdings, rebalanced at each filing; latest Jun 30, 2026) returned +23.1% over the same days, so a holder was behind by 10.4 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 6.3%, paid quarterly.
Questions people ask
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How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
Every number is an ETFIQ calculation with distributions reinvested.
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ETFIQ, CAIQ against CVRD, data as of Nov 4, 2026. https://etfiq.com/compare/income/caiq-vs-cvrd
ETFIQ. (Nov 4, 2026). CAIQ against CVRD. Retrieved from https://etfiq.com/compare/income/caiq-vs-cvrd
[CAIQ against CVRD (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/caiq-vs-cvrd)
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