Data as of .
CAIQ vs ISPY: which paid, and which earned it?
CAIQ and ISPY both write options for income.
What they hold in common
By the books each fund has filed, CAIQ and ISPY hold 0% of their money in the same securities at the same weight.
| Only in CAIQ | Only in ISPY |
|---|---|
| Calamos Tax-Aware Collateral ETF 100.00% | ProShares GENIUS Money Market ETF 10.56% |
| NVIDIA Corp. 7.07% | |
| Apple, Inc. 6.31% | |
| Microsoft Corp. 4.60% | |
| Amazon.com, Inc. 3.64% | |
| Alphabet, Inc. 3.05% | |
| Broadcom, Inc. 2.92% | |
| Alphabet, Inc. 2.42% |
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 and May 31, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| CAIQ | ISPY | CAIQ | ISPY | CAIQ | ISPY | |
| 3 months | −0.5% | +1.4% | 4.3% | 1.5% | +1.9 pts | −0.8 pts |
| 6 months | +16.5% | +14.7% | 9.5% | 3.6% | −7.7 pts | −3.3 pts |
| 1 year | not published | +13.5% | not published | 5.6% | not published | −3.1 pts |
| Since launch | +16.7% | +53.4% | 13.7% | 25.8% | −7.0 pts | −14.5 pts |
| CAIQ Calamos Nasdaq Autocallable Income ETF Option income on QQQ, paying monthly | ISPY ProShares S&P 500 High Income ETF Option income on SPY, paying monthly | |
|---|---|---|
| Issuer | Calamos | ProShares |
| Strategy | option income | option income |
| Benchmark | Nasdaq-100 (QQQ) | S&P 500 (SPY) |
| Pays | monthly | monthly |
| Payout rate, annualized | 17.9% | 5.8% |
| Expense ratio | 0.74% | 0.56% |
| Cash paid, 1 year | 13.7% (since launch on Nov 20, 2025) | 5.6% |
| Price change, 1 year | +2.1% | +7.6% |
| Total return, 1 year | +16.7% (since launch on Nov 20, 2025) | +13.5% |
| Benchmark return, 1 year | +23.6% | +16.6% |
| Ahead or behind | −7.0 pts | −3.1 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 302 days | 1003 days |
| Net assets | $167m | $1.2bn |
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.
ISPY in plain words
Over the year to Sep 18, 2026, ISPY paid 5.6% of its starting value in cash distributions while its price rose 7.6%. With every distribution reinvested, the fund returned +13.5%. S&P 500 (SPY) returned +16.6% over the same days, so a holder was behind by 3.1 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 5.8%, paid monthly.
Questions people ask
- Which is cheaper, CAIQ or ISPY?
- CAIQ charges 0.74% a year and ISPY charges 0.56%, so ISPY 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 ISPY, data as of Sep 18, 2026. https://etfiq.com/compare/income/caiq-vs-ispy Free to use with attribution; the underlying files are at Open data.