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CAIQ vs PAYH: Dividend Yield & Total Return

CAIQ and PAYH both write options for income. Net assets on Jul 31, 2026: $286m for Calamos Nasdaq Autocallable Income ETF and $26m for TrueShares S&P Autocallable High Income ETF.

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Ask IQ about CAIQ and PAYH

Answers cite the figures on this page.

Both cost 0.74% a year; CAIQ is 10.8 times larger.

Points (pts) are percentage points.

CAIQ vs PAYH: Dividend Yield & Total Return
CAIQPAYH
Expense ratio0.74%0.74%
Net assets, as of Jul 31, 2026$286m$26m
BenchmarkNasdaq-100, measured through QQQnot published
Holdings in common0%
Price changefell 0.7% (since Nov 20, 2025)fell 0.8% (since Dec 30, 2025)

Holdings in common uses holdings dated Jul 31, 2026.

15.2%
CAIQ cash paid, since launch, Nov 20, 2025
12.1%
PAYH cash paid, since launch, Dec 30, 2025
+15.2%
CAIQ total return, since launch, Nov 20, 2025
+12.4%
PAYH total return, since launch, Dec 30, 2025

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CAIQ · since launch to Oct 20, 20267.9 pts behind QQQ
CAIQ
+15.2%
QQQ
+23.1%

7.9 pts behind QQQ

CAIQ since launch: paid 15.2%, price −0.7%, total +15.2%, QQQ +23.1%, −7.9 pts. Figures to Oct 20, 2026.

QQQ

+23.1%

CAIQ

+15.2%

15.2% of it arrived as cash

7.9 pts behind QQQ

Total return, distributions reinvested

7.9 pts behind QQQ

CAIQ since launch: paid 15.2%, price −0.7%, total +15.2%, QQQ +23.1%, −7.9 pts. Figures to Oct 20, 2026.

QQQ

+23.1%

CAIQ

+15.2%

15.2% cash

7.9 pts behind QQQ

15.2% of it arrived as cash. Total return, distributions reinvested. CAIQ since launch: paid 15.2%, price −0.7%, total +15.2%, QQQ +23.1%, −7.9 pts. Figures to Oct 20, 2026.

Figures to Oct 20, 2026.

PAYH · since launch to Oct 20, 2026Not measured
PAYH
+12.4%
none

Not measured

PAYH since launch: paid 12.1%, price −0.8%, total +12.4%, not measured against a benchmark. Figures to Oct 20, 2026.

PAYH

+12.4%

12.1% of it arrived as cash

Total return, distributions reinvested

Not measured

PAYH since launch: paid 12.1%, price −0.8%, total +12.4%, not measured against a benchmark. Figures to Oct 20, 2026.

PAYH

+12.4%

12.1% of it arrived as cash. Both charts share one scale, with zero at the line. PAYH since launch: paid 12.1%, price −0.8%, total +12.4%, not measured against a benchmark. Figures to Oct 20, 2026.

Figures to Oct 20, 2026.

What they hold in common

By the books each fund has filed, CAIQ and PAYH hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026.

half

0% in common

Positions both hold, largest shared weight first
Holding CAIQ PAYH
Only in CAIQ
Calamos Tax-Aware Collateral ETF 81.06%
Only in PAYH

Check overlap with more funds →

Performance, window by window

Performance, window by window: CAIQ vs PAYH: Dividend Yield & Total Return
Total returnCash paidAgainst the benchmark
WindowCAIQPAYHCAIQPAYHCAIQPAYH
3 months+0.3%+4.4%4.4%4.2%−1.1 ptsnot measured
6 months+4.8%+7.5%8.8%8.4%−6.8 ptsnot measured
Since launch
Not the same days: CAIQ Nov 2025 · PAYH Dec 2025
+15.2%+12.4%15.2%12.1%−7.9 ptsnot measured

Source: ETFIQ. Open this comparison in the app →

On the same fields

CAIQ
Calamos Nasdaq Autocallable Income ETF · Autocallable on QQQ, paying monthly
PAYH
TrueShares S&P Autocallable High Income ETF · Autocallable, paying monthly
Issuer Calamos TrueShares
Strategy autocallable autocallable
Benchmark Nasdaq-100 (QQQ) none
Pays monthly monthly
Payout rate, annualized 18.5% 16.9%
Expense ratio 0.74% 0.74%
Cash paid, 1 year 15.2% (since launch, Nov 20, 2025) 12.1% (since launch, Dec 30, 2025)
Price change, 1 year −0.7% (since launch, Nov 20, 2025) −0.8% (since launch, Dec 30, 2025)
Total return, 1 year +15.2% (since launch, Nov 20, 2025) +12.4% (since launch, Dec 30, 2025)
Benchmark return, 1 year +23.1% (since launch, Nov 20, 2025) not published
Ahead or behind −7.9 pts (since launch, Nov 20, 2025) not available
Return of capital, latest estimate not published not published
Age 334 days 294 days
Net assets, as of Jul 31, 2026 $286m $26m

As of Oct 20, 2026. Source: ETFIQ. Cash paid is what the fund distributed over the window, as a share of its price at the start. Payout rate is its latest payment, annualized, over today’s price.

About CAIQ

Over the period from its first trade on Nov 20, 2025 to Oct 20, 2026, CAIQ paid 15.2% of its starting value in cash distributions while its price fell 0.7%. With every distribution reinvested, the fund returned +15.2%. Nasdaq-100 (QQQ) returned +23.1% over the same days, so a holder was behind by 7.9 pts. At its price on Oct 20, 2026 the latest distribution annualizes to 18.5%, paid monthly.

About PAYH

Over the period from its first trade on Dec 30, 2025 to Oct 20, 2026, PAYH paid 12.1% of its starting value in cash distributions while its price fell 0.8%. With every distribution reinvested, the fund returned +12.4%. At its price on Oct 20, 2026 the latest distribution annualizes to 16.9%, paid monthly.

Questions people ask

Which is cheaper, CAIQ or PAYH?
CAIQ and PAYH both charge 0.74% a year, so neither is cheaper. Fees come from each fund's prospectus.
Other comparisons
CAIQ vs OARKCAIQ vs PAPICAIQ vs CDPICAIQ vs RECIPAYH vs ACQQPAYH vs TLAPAYH vs PLAPAYH vs MSR
Nasdaq-100 (QQQ) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →CAIQ on its own →PAYH on its own →CAIQ dividend history →CAIQ holdings →PAYH dividend history →How every figure is computed →Standards and sources →
Where these figures came from
CAIQ filings on SEC EDGAR ↗CAIQ prospectus with the expense ratio (SEC) ↗Calamos website ↗PAYH filings on SEC EDGAR ↗PAYH prospectus with the expense ratio (SEC) ↗TrueShares website ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. 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 figure is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, CAIQ against PAYH, data as of Oct 20, 2026. https://etfiq.com/compare/income/caiq-vs-payh

Open data

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