Which is cheaper, CAIQ or DACL?

CAIQ charges 0.74% a year and DACL charges 0.65%, so DACL is cheaper. Fees come from each fund's prospectus.

CAIQ vs DACL: which paid, and which earned it?

CAIQ and DACL both write options for income. Calamos Nasdaq Autocallable Income ETF and REX Defensive Autocallable Income ETF.

13.7%

CAIQ cash paid, since launch

0.6%

DACL cash paid, since launch

+19.6%

CAIQ total return, since launch

+0.5%

DACL total return, since launch

CAIQ · since launch to Sep 30, 20267.3 pts behind QQQ

CAIQ

+19.6%

QQQ

+26.9%

7.3 pts behind QQQ

CAIQ since launch: paid 13.7%, price +4.7%, total +19.6%, QQQ +26.9%, −7.3 pts.

QQQ

+26.9%

CAIQ

+19.6%

13.7% of it arrived as cash

7.3 pts behind QQQ

Total return, distributions reinvested

7.3 pts behind QQQ

CAIQ since launch: paid 13.7%, price +4.7%, total +19.6%, QQQ +26.9%, −7.3 pts.

QQQ

+26.9%

CAIQ

+19.6%

7.3 pts behind QQQ

13.7% of it arrived as cash. Total return, distributions reinvested. CAIQ since launch: paid 13.7%, price +4.7%, total +19.6%, QQQ +26.9%, −7.3 pts.

DACL · since launch to Sep 30, 20262.2 pts ahead of SPY

DACL

+0.5%

SPY

−1.7%

2.2 pts ahead of SPY

DACL since launch: paid 0.6%, price −0.1%, total +0.5%, SPY −1.7%, +2.2 pts.

SPY

−1.7%

DACL

+0.5%

2.2 pts ahead of SPY

Total return, distributions reinvested

2.2 pts ahead of SPY

DACL since launch: paid 0.6%, price −0.1%, total +0.5%, SPY −1.7%, +2.2 pts.

SPY

−1.7%

DACL

+0.5%

2.2 pts ahead of SPY

0.6% of it arrived as cash. Both charts share one scale, 0 to +26.9%. DACL since launch: paid 0.6%, price −0.1%, total +0.5%, SPY −1.7%, +2.2 pts.

Performance, window by window

	Total return		Cash paid		Against the benchmark
Window	CAIQ	DACL	CAIQ	DACL	CAIQ	DACL
3 months	+2.6%	not published	2.9%	not published	+0.5 pts	not published
6 months	+18.4%	not published	8.0%	not published	−8.4 pts	not published
Since launch CAIQ Nov 2025 · DACL Aug 2026	+19.6%	+0.5%	13.7%	0.6%	−7.3 pts	+2.2 pts

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

On the same fields

CAIQ

Calamos Nasdaq Autocallable Income ETF · Autocallable on QQQ, paying monthly

DACL

REX Defensive Autocallable Income ETF · Autocallable on SPY

Issuer Calamos REX

Strategy autocallable autocallable

Benchmark Nasdaq-100 (QQQ) S&P 500 (SPY), used as a default proxy

Pays monthly not established

Payout rate, annualized 17.5% 6.6%

Expense ratio 0.74% 0.65%

Cash paid, 1 year 13.7% (since launch on Nov 20, 2025) 0.6% (since launch on Aug 13, 2026)

Price change, 1 year +4.7% −0.1%

Total return, 1 year +19.6% (since launch on Nov 20, 2025) +0.5% (since launch on Aug 13, 2026)

Benchmark return, 1 year +26.9% −1.7%

Ahead or behind −7.3 pts +2.2 pts

Return of capital, latest estimate not published not published

Age 314 days 48 days

Net assets $167m $4m

CAIQ and DACL on the same fields, as of Sep 30, 2026. Source: ETFIQ.

CAIQ in plain words

Over the period since launch on Nov 20, 2025 to Sep 30, 2026, CAIQ paid 13.7% of its starting value in cash distributions while its price rose 4.7%. With every distribution reinvested, the fund returned +19.6%. Nasdaq-100 (QQQ) returned +26.9% over the same days, so a holder was behind by 7.3 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 17.5%, paid monthly.

DACL in plain words

Over the period since launch on Aug 13, 2026 to Sep 30, 2026, DACL paid 0.6% of its starting value in cash distributions while its price fell 0.1%. With every distribution reinvested, the fund returned +0.5%. S&P 500 (SPY), used as a default proxy returned −1.7% over the same days, so a holder was ahead by 2.2 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 6.6%, paid periodically.

Questions people ask

Which is cheaper, CAIQ or DACL?: CAIQ charges 0.74% a year and DACL charges 0.65%, so DACL is cheaper. Fees come from each fund's prospectus.

Other comparisons

CAIQ vs LJUL CAIQ vs LOCT CAIQ vs MAGY CAIQ vs NLSI DACL vs JANH DACL vs JANJ DACL vs JANQ DACL vs JULH

Nasdaq-100 (QQQ) →S&P 500 (SPY) →CAIQ on its own →DACL on its own →How every figure is computed →Standards and sources →

Where these figures came from

CAIQ filings on SEC EDGAR ↗CAIQ prospectus with the expense ratio (SEC) ↗Calamos website ↗DACL filings on SEC EDGAR ↗DACL prospectus with the expense ratio (SEC) ↗REX page for DACL ↗

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.

Cite this page

ETFIQ, CAIQ against DACL, data as of Sep 30, 2026. https://etfiq.com/compare/income/caiq-vs-dacl

Open data

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