Data as of Nov 4, 2026.
CAIQ vs NLSI: Dividend Yield & Total Return
CAIQ and NLSI both write options for income.
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askIQ about CAIQ and NLSI
Net assets: $286m on Jul 31, 2026 for Calamos Nasdaq Autocallable Income ETF, and $5.3m on Oct 28, 2026 for NEOS Long/Short Equity Income ETF.
5.7 pts behind QQQ
CAIQ since launch: paid 16.8%, price −4.1%, total +13.0%, QQQ +18.7%, −5.7 pts. Data to Nov 4, 2026.
QQQ
+18.7%
CAIQ
+13.0%
16.8% of it arrived as cash
5.7 pts behind QQQ
Total return, distributions reinvested
5.7 pts behind QQQ
CAIQ since launch: paid 16.8%, price −4.1%, total +13.0%, QQQ +18.7%, −5.7 pts. Data to Nov 4, 2026.
QQQ
+18.7%
CAIQ
+13.0%
16.8% as cash
5.7 pts behind QQQ
16.8% of it arrived as cash. Total return, distributions reinvested. CAIQ since launch: paid 16.8%, price −4.1%, total +13.0%, QQQ +18.7%, −5.7 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.5 pts ahead of SPY
NLSI since launch: paid 5.0%, price +12.0%, total +17.7%, SPY +12.7%, +5.0 pts. Data to Nov 4, 2026.
SPY
+12.7%
NLSI
+17.7%
5.0% as cash
5 pts ahead of SPY
Total return, distributions reinvested
5 pts ahead of SPY
NLSI since launch: paid 5.0%, price +12.0%, total +17.7%, SPY +12.7%, +5.0 pts. Data to Nov 4, 2026.
SPY
+12.7%
NLSI
+17.7%
5 pts ahead of SPY
5.0% of it arrived as cash. Both charts share one scale, with zero at the line. NLSI since launch: paid 5.0%, price +12.0%, total +17.7%, SPY +12.7%, +5.0 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
CAIQ costs 2.15 points a year less.
Points (pts) are percentage points.
| Measure | CAIQ | NLSI |
|---|---|---|
| Paid and earned | ||
| Price change | fell 4.1% (since Nov 20, 2025) | rose 12.0% (since Dec 10, 2025) |
| Return of capital, issuer estimate | 100% of the Nov 9, 2026 payment | 100% of the Oct 30, 2026 payment |
| Against its benchmark | ||
| Benchmark | Nasdaq-100, measured through QQQ | S&P 500, measured through SPY |
| Against its benchmark, same days | behind by 5.7 pts | ahead by 5.0 pts |
| Cost and size | ||
| Expense ratio | 0.74% | 2.89% |
| Net assets, CAIQ as of Jul 31, 2026 and NLSI as of Oct 28, 2026 | $286m | $5.3m |
| Holdings | ||
| Holdings in common | 0% | |
What they share
By the books each fund has filed, CAIQ and NLSI hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 3, 2026.
half
0% in common
Only in one fund ↓
Side by side
As of Nov 4, 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
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | CAIQ | NLSI | CAIQ | NLSI | CAIQ | NLSI |
| 3 months | −2.9% | +6.7% | 4.5% | 1.4% | +0.6 pts | +6.9 pts |
| 6 months | −1.9% | +21.4% | 8.6% | 3.0% | −1.6 pts | +16.4 pts |
| Since launchNot the same days: CAIQ Nov 2025 · NLSI Dec 2025 | +13.0% | +17.7% | 16.8% | 5.0% | −5.7 pts | +4.9 pts |
CAIQ
Over the period from its first trade on Nov 20, 2025 to Nov 4, 2026, CAIQ paid 16.8% of its starting value in cash distributions while its price fell 4.1%. With every distribution reinvested, the fund returned +13.0%. Nasdaq-100 (QQQ) returned +18.7% over the same days, so a holder was behind by 5.7 pts. At its price on Nov 4, 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.
NLSI
Over the period from its first trade on Dec 10, 2025 to Nov 4, 2026, NLSI paid 5.0% of its starting value in cash distributions while its price rose 12.0%. With every distribution reinvested, the fund returned +17.7%. S&P 500 (SPY) returned +12.7% over the same days, so a holder was ahead by 5.0 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 5.6%, paid monthly. NEOS estimates that 100% of the distribution paid Oct 30, 2026 was a return of capital (its 19a-1 notice).
Questions people ask
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
Every number is an ETFIQ calculation with distributions reinvested.
Cite this pageCitation, APA and Markdown
ETFIQ, CAIQ against NLSI, data as of Nov 4, 2026. https://etfiq.com/compare/income/caiq-vs-nlsi
ETFIQ. (Nov 4, 2026). CAIQ against NLSI. Retrieved from https://etfiq.com/compare/income/caiq-vs-nlsi
[CAIQ against NLSI (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/caiq-vs-nlsi)
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