Data as of Nov 4, 2026.
CAIQ vs PCOV: Dividend Yield & Total Return
CAIQ and PCOV both write options for income.
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Net assets: $286m on Jul 31, 2026 for Calamos Nasdaq Autocallable Income ETF, and $10m on Nov 2, 2026 for Principal Equity Premium 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.Not measured
PCOV since launch: paid 1.9%, price −2.0%, total −0.1%, not measured against a benchmark. Data to Nov 4, 2026.
PCOV
−0.1%
Total return, distributions reinvested
Not measured
PCOV since launch: paid 1.9%, price −2.0%, total −0.1%, not measured against a benchmark. Data to Nov 4, 2026.
PCOV
−0.1%
1.9% of it arrived as cash. Both charts share one scale, with zero at the line. PCOV since launch: paid 1.9%, price −2.0%, total −0.1%, not measured against a benchmark. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
PCOV costs 0.40 points a year less.
Points (pts) are percentage points.
| Measure | CAIQ | PCOV |
|---|---|---|
| Paid and earned | ||
| Price change | fell 4.1% (since Nov 20, 2025) | fell 2.0% (since Aug 19, 2026) |
| Return of capital, issuer estimate | 100% of the Nov 9, 2026 payment | |
| Against its benchmark | ||
| Benchmark | Nasdaq-100, measured through QQQ | not published |
| Cost and size | ||
| Expense ratio | 0.74% | 0.34% |
| Net assets, CAIQ as of Jul 31, 2026 and PCOV as of Nov 2, 2026 | $286m | $10m |
| Holdings | ||
| Holdings in common | not published | |
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 | PCOV | CAIQ | PCOV | CAIQ | PCOV |
| 3 months | −2.9% | – | 4.5% | – | +0.6 pts | – |
| 6 months | −1.9% | – | 8.6% | – | −1.6 pts | – |
| Since launchNot the same days: CAIQ Nov 2025 · PCOV Aug 2026 | +13.0% | −0.1% | 16.8% | 1.9% | −5.7 pts | not measured |
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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.
PCOV
Over the period from its first trade on Aug 19, 2026 to Nov 4, 2026, PCOV paid 1.9% of its starting value in cash distributions while its price fell 2.0%. With every distribution reinvested, the fund returned −0.1%. At its price on Nov 4, 2026 the latest distribution annualizes to 7.2%, paid periodically.
Questions people ask
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Every number is an ETFIQ calculation with distributions reinvested.
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ETFIQ, CAIQ against PCOV, data as of Nov 4, 2026. https://etfiq.com/compare/income/caiq-vs-pcov
ETFIQ. (Nov 4, 2026). CAIQ against PCOV. Retrieved from https://etfiq.com/compare/income/caiq-vs-pcov
[CAIQ against PCOV (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/caiq-vs-pcov)
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