Data as of Nov 4, 2026.
CAIQ vs OVLH: Dividend Yield & Total Return
CAIQ and OVLH both write options for income.
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Net assets: $286m on Jul 31, 2026 for Calamos Nasdaq Autocallable Income ETF, and $109m on Aug 31, 2026 for Overlay Shares Hedged Large Cap Equity 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, 2026.7.8 pts behind VOO
OVLH over 1 year: paid 0.3%, price +6.7%, total +7.0%, VOO +14.8%, −7.8 pts. Data to Nov 4, 2026.
VOO
+14.8%
OVLH
+7.0%
7.8 pts behind VOO
Total return, distributions reinvested
7.8 pts behind VOO
OVLH over 1 year: paid 0.3%, price +6.7%, total +7.0%, VOO +14.8%, −7.8 pts. Data to Nov 4, 2026.
VOO
+14.8%
OVLH
+7.0%
7.8 pts behind VOO
0.3% of it arrived as cash. Both charts share one scale, with zero at the line. OVLH over 1 year: paid 0.3%, price +6.7%, total +7.0%, VOO +14.8%, −7.8 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
CAIQ costs 0.06 points a year less.
Points (pts) are percentage points.
| Measure | CAIQ | OVLH |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | not published | +7.0% |
| Price change | fell 4.1% (since Nov 20, 2025) | rose 6.7% (1 year) |
| Return of capital, issuer estimate | 100% of the Nov 9, 2026 payment | 38% of the Dec 29, 2023 payment |
| Against its benchmark | ||
| Benchmark | Nasdaq-100, measured through QQQ | Vanguard S&P 500 ETF, measured through VOO |
| Cost and size | ||
| Expense ratio | 0.74% | 0.80% |
| Net assets, CAIQ as of Jul 31, 2026 and OVLH as of Aug 31, 2026 | $286m | $109m |
| Holdings | ||
| Holdings in common | 0% | |
What they share
By the books each fund has filed, CAIQ and OVLH hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Aug 31, 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 | OVLH | CAIQ | OVLH | CAIQ | OVLH |
| 3 months | −2.9% | −1.4% | 4.5% | 0.0% | +0.6 pts | −1.3 pts |
| 6 months | −1.9% | +1.6% | 8.6% | 0.0% | −1.6 pts | −3.5 pts |
| 1 year | – | +7.0% | – | 0.3% | – | −7.8 pts |
| 3 years | – | +58.6% | – | 1.7% | – | −24.8 pts |
| Since launchNot the same days: CAIQ Nov 2025 · OVLH Jan 2021 | +13.0% | +73.9% | 16.8% | 3.2% | −5.7 pts | −47.2 pts |
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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.
OVLH
Over the year to Nov 4, 2026, OVLH paid 0.3% of its starting value in cash distributions while its price rose 6.7%. With every distribution reinvested, the fund returned +7.0%. Vanguard S&P 500 ETF (VOO) returned +14.8% over the same days, so a holder was behind by 7.8 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 0.3%, paid annually. Overlay Shares estimates that 38% of the distribution paid Dec 29, 2023 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.
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ETFIQ, CAIQ against OVLH, data as of Nov 4, 2026. https://etfiq.com/compare/income/caiq-vs-ovlh
ETFIQ. (Nov 4, 2026). CAIQ against OVLH. Retrieved from https://etfiq.com/compare/income/caiq-vs-ovlh
[CAIQ against OVLH (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/caiq-vs-ovlh)
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