Data as of .
CAIQ vs FEPI: which paid, and which earned it?
CAIQ and FEPI both write options for income.
What they hold in common
By the books each fund has filed, CAIQ and FEPI hold 0% of their money in the same securities at the same weight.
| Only in CAIQ | Only in FEPI |
|---|---|
| Calamos Tax-Aware Collateral ETF 100.00% | ADVANCED MICRO DEVICES, INC. 9.98% |
| MICRON TECHNOLOGY, INC. 8.91% | |
| ALPHABET INC. 8.83% | |
| BROADCOM INC. 8.05% | |
| NVIDIA CORPORATION 7.76% | |
| TESLA, INC. 7.47% | |
| INTEL CORPORATION 5.24% | |
| AMAZON.COM, INC. 5.21% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| CAIQ | FEPI | CAIQ | FEPI | CAIQ | FEPI | |
| 3 months | −0.5% | +2.9% | 4.3% | 6.0% | +1.9 pts | +5.4 pts |
| 6 months | +16.5% | +17.2% | 9.5% | 12.8% | −7.7 pts | −7.1 pts |
| 1 year | not published | +15.7% | not published | 23.4% | not published | −6.1 pts |
| Since launch | +16.7% | +69.0% | 13.7% | 66.8% | −7.0 pts | −28.5 pts |
| CAIQ Calamos Nasdaq Autocallable Income ETF Option income on QQQ, paying monthly | FEPI REX FANG & Innovation Equity Premium Income ETF Covered call on QQQ, paying weekly | |
|---|---|---|
| Issuer | Calamos | REX |
| Strategy | option income | covered call |
| Benchmark | Nasdaq-100 (QQQ) | Nasdaq-100 (QQQ), used as the innovation proxy |
| Pays | monthly | weekly |
| Payout rate, annualized | 17.9% | 24.9% |
| Expense ratio | 0.74% | 0.65% |
| Cash paid, 1 year | 13.7% (since launch on Nov 20, 2025) | 23.4% |
| Price change, 1 year | +2.1% | −10.0% |
| Total return, 1 year | +16.7% (since launch on Nov 20, 2025) | +15.7% |
| Benchmark return, 1 year | +23.6% | +21.8% |
| Ahead or behind | −7.0 pts | −6.1 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 302 days | 1073 days |
| Net assets | $167m | $713m |
CAIQ in plain words
Over the period since launch on Nov 20, 2025 to Sep 18, 2026, CAIQ paid 13.7% of its starting value in cash distributions while its price rose 2.1%. With every distribution reinvested, the fund returned +16.7%. Nasdaq-100 (QQQ) returned +23.6% over the same days, so a holder was behind by 7.0 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 17.9%, paid monthly.
FEPI in plain words
Over the year to Sep 18, 2026, FEPI paid 23.4% of its starting value in cash distributions while its price fell 10.0%. With every distribution reinvested, the fund returned +15.7%. Nasdaq-100 (QQQ), used as the innovation proxy returned +21.8% over the same days, so a holder was behind by 6.1 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 24.9%, paid weekly.
Questions people ask
- Which is cheaper, CAIQ or FEPI?
- CAIQ charges 0.74% a year and FEPI charges 0.65%, so FEPI is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, CAIQ against FEPI, data as of Sep 18, 2026. https://etfiq.com/compare/income/caiq-vs-fepi Free to use with attribution; the underlying files are at Open data.