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

CAIQ and MRA both write options for income. Calamos Nasdaq Autocallable Income ETF and GraniteShares Autocallable MARA ETF.

13.7%
CAIQ cash paid, since launch
13.7%
MRA cash paid, since launch
+19.6%
CAIQ total return, since launch
+4.6%
MRA 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% 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.

MRA · since launch to Sep 30, 202625.5 pts ahead of MARA
MRA
+4.6%
MARA
−20.9%

25.5 pts ahead of MARA

MRA since launch: paid 13.7%, price −10.4%, total +4.6%, MARA −20.9%, +25.5 pts.

MARA

−20.9%

MRA

+4.6%

25.5 pts ahead of MARA

Total return, distributions reinvested

25.5 pts ahead of MARA

MRA since launch: paid 13.7%, price −10.4%, total +4.6%, MARA −20.9%, +25.5 pts.

MARA

−20.9%

MRA

+4.6%

25.5 pts ahead of MARA

13.7% of it arrived as cash. Both charts share one scale, 0 to +26.9%. MRA since launch: paid 13.7%, price −10.4%, total +4.6%, MARA −20.9%, +25.5 pts.

Performance, window by window

Total returnCash paidAgainst the benchmark
WindowCAIQMRACAIQMRACAIQMRA
3 months+2.6%+7.2%2.9%7.5%+0.5 pts+22.4 pts
6 months+18.4%not published8.0%not published−8.4 ptsnot published
Since launch
CAIQ Nov 2025 · MRA May 2026
+19.6%+4.6%13.7%13.7%−7.3 pts+25.5 pts

CAIQ and MRA 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
MRA
GraniteShares Autocallable MARA ETF · Autocallable on MARA, paying monthly
Issuer Calamos GraniteShares
Strategy autocallable autocallable
Benchmark Nasdaq-100 (QQQ) MARA (MARA)
Pays monthly monthly
Payout rate, annualized 17.5% 45.3%
Expense ratio 0.74% 1.07%
Cash paid, 1 year 13.7% (since launch on Nov 20, 2025) 13.7% (since launch on May 27, 2026)
Price change, 1 year +4.7% −10.4%
Total return, 1 year +19.6% (since launch on Nov 20, 2025) +4.6% (since launch on May 27, 2026)
Benchmark return, 1 year +26.9% −20.9%
Ahead or behind −7.3 pts +25.5 pts
Return of capital, latest estimate not published not published
Age 314 days 126 days
Net assets $167m $1m

CAIQ and MRA 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.

MRA in plain words

Over the period since launch on May 27, 2026 to Sep 30, 2026, MRA paid 13.7% of its starting value in cash distributions while its price fell 10.4%. With every distribution reinvested, the fund returned +4.6%. MARA (MARA) returned −20.9% over the same days, so a holder was ahead by 25.5 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 45.3%, paid monthly.

Questions people ask

Which is cheaper, CAIQ or MRA?
CAIQ charges 0.74% a year and MRA charges 1.07%, so CAIQ is cheaper. Fees come from each fund's prospectus.
Cite this page

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

Open data

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