Which is cheaper, CAIQ or MPDY?

CAIQ charges 0.74% a year and MPDY charges 0.70%, so MPDY is cheaper. Fees come from each fund's prospectus.

Data as of Nov 12, 2026.

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CAIQ vs MPDY: Dividend Yield & Total Return

Return, fees and overlap, side by side.

Return gap

+5.9 pts

3 months to Nov 12, 2026: CAIQ ahead, total return

Fee gap

0.04 pts

A year: CAIQ 0.74%, MPDY 0.70%, per filings dated Apr 15, 2026 and Aug 7, 2026

Overlap

–

No book read for both funds

Net flow

–

Needs daily flows for both funds

Pair scorecard

MPDY costs 0.04 points a year less.

Points (pts) are percentage points.

CAIQ vs MPDY: Dividend Yield & Total Return
Measure	CAIQ	MPDY
Paid and earned
Measure	CAIQ	MPDY
Price change	fell 4.3% (since Nov 20, 2025)	fell 11.2% (since Aug 12, 2026)
Return of capital, issuer estimate	100% of the Nov 9, 2026 payment
Against its benchmark
Measure	CAIQ	MPDY
Benchmark	Nasdaq-100, measured through QQQ	not published
Cost and size
Measure	CAIQ	MPDY
Expense ratio	0.74%	0.70%
Net assets	$286m	not read by ETFIQ
Holdings
Measure	CAIQ	MPDY
Holdings in common	not published

Method

Key numbers

16.8%

CAIQ cash paid, since launch, Nov 20, 2025

2.3%

MPDY cash paid, since launch, Aug 12, 2026

+12.7%

CAIQ total return, since launch, Nov 20, 2025

−9.1%

MPDY total return, since launch, Aug 12, 2026

CAIQ · since launch to Nov 12, 2026 5.3 pts behind QQQ

CAIQ

+12.7%

QQQ

+18.0%

5.3 pts behind QQQ

CAIQ since launch: paid 16.8%, price −4.3%, total +12.7%, QQQ +18.0%, −5.3 pts. Data to Nov 12, 2026.

QQQ

+18.0%

CAIQ

+12.7%

16.8% of it arrived as cash

5.3 pts behind QQQ

Total return, distributions reinvested

5.3 pts behind QQQ

CAIQ since launch: paid 16.8%, price −4.3%, total +12.7%, QQQ +18.0%, −5.3 pts. Data to Nov 12, 2026.

QQQ

+18.0%

CAIQ

+12.7%

5.3 pts behind QQQ

16.8% of it arrived as cash. Total return, distributions reinvested. CAIQ since launch: paid 16.8%, price −4.3%, total +12.7%, QQQ +18.0%, −5.3 pts. Data to Nov 12, 2026.

Data to Nov 12, 2026.

MPDY · since launch to Nov 12, 2026 Not measured

MPDY

−9.1%

none

Not measured

MPDY since launch: paid 2.3%, price −11.2%, total −9.1%, not measured against a benchmark. Data to Nov 12, 2026.

MPDY

−9.1%

Total return, distributions reinvested

Not measured

MPDY since launch: paid 2.3%, price −11.2%, total −9.1%, not measured against a benchmark. Data to Nov 12, 2026.

MPDY

−9.1%

2.3% of it arrived as cash. Both charts share one scale, with zero at the line. MPDY since launch: paid 2.3%, price −11.2%, total −9.1%, not measured against a benchmark. Data to Nov 12, 2026.

Data to Nov 12, 2026.

Side by side

CAIQ Calamos Nasdaq Autocallable Income ETF · Autocallable on QQQ, paying monthly MPDY m+ DualYield Autocall ETF · Autocallable

Issuer Calamos m+

Strategy autocallable autocallable

Benchmark Nasdaq-100 (QQQ) not set

Pays monthly not established

Payout rate, annualized 19.6% 13.3%

Expense ratio 0.74% 0.70%

Cash paid, 1 year 16.8% (since launch, Nov 20, 2025) 2.3% (since launch, Aug 12, 2026)

Price change, 1 year −4.3% (since launch, Nov 20, 2025) −11.2% (since launch, Aug 12, 2026)

Total return, 1 year +12.7% (since launch, Nov 20, 2025) −9.1% (since launch, Aug 12, 2026)

Benchmark return, 1 year +18.0% (since launch, Nov 20, 2025) not published

Ahead or behind −5.3 pts (since launch, Nov 20, 2025) not available

Return of capital, latest estimate 100% not published

Age 357 days 92 days

Net assets $286m not read by ETFIQ

As of Nov 12, 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

Window by window: CAIQ vs MPDY: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	CAIQ	MPDY	CAIQ	MPDY	CAIQ	MPDY
3 months	−4.4%	−10.3%	4.4%	2.3%	+1.5 pts	not measured
6 months	−3.5%	–	8.5%	–	+0.7 pts	–
Since launchNot the same days: CAIQ Nov 2025 · MPDY Aug 2026	+12.7%	−9.1%	16.8%	2.3%	−5.3 pts	not measured

– means no data for this window. Open this comparison in the app →

Alert

About each fund

CAIQ

Over the period from its first trade on Nov 20, 2025 to Nov 12, 2026, CAIQ paid 16.8% of its starting value in cash distributions while its price fell 4.3%. With every distribution reinvested, the fund returned +12.7%. Nasdaq-100 (QQQ) returned +18.0% over the same days, so a holder was behind by 5.3 pts. At its price on Nov 12, 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.

MPDY

Over the period from its first trade on Aug 12, 2026 to Nov 12, 2026, MPDY paid 2.3% of its starting value in cash distributions while its price fell 11.2%. With every distribution reinvested, the fund returned −9.1%. At its price on Nov 12, 2026 the latest distribution annualizes to 13.3%, paid periodically.

Questions people ask

Which is cheaper, CAIQ or MPDY?: CAIQ charges 0.74% a year and MPDY charges 0.70%, so MPDY is cheaper. Fees come from each fund's prospectus.

Other comparisons

CAIQ vs MAGY CAIQ vs TMGN CAIQ vs VOOY CAIQ vs CDPI MPDY vs ACQQ MPDY vs MRA MPDY vs MSR MPDY vs MPIM

Where to next

Nasdaq-100 (QQQ) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →CAIQ on its own →MPDY on its own →CAIQ dividend history →CAIQ holdings →MPDY dividend history →Method →Standards and sources →

Sources and dates

CAIQ filings on SEC EDGAR ↗

CAIQ prospectus with the expense ratio (SEC) ↗

CAIQ 19a-1 distribution notice ↗

Calamos website ↗

MPDY filings on SEC EDGAR ↗

MPDY prospectus with the expense ratio (SEC) ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, CAIQ against MPDY, data as of Nov 12, 2026. https://etfiq.com/compare/income/caiq-vs-mpdy

Open data →

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.

CAIQ and MPDY both write options for income.

CAIQ on its own →MPDY on its own →

Growth of 100

CAIQ and MPDY

Total return, distributions reinvested, 3 months.

CAIQ −4.4%MPDY −10.3%

Aug 13, 2026Nov 12, 2026

CAIQ −4.4%, MPDY −10.3%: CAIQ +5.9 pts ahead, 3 months, Aug 13, 2026 to Nov 12, 2026.