Which is cheaper, CAIQ or QXQ?

CAIQ charges 0.74% a year and QXQ charges 0.98%, so CAIQ is cheaper. Fees come from each fund's prospectus.

Data as of Nov 12, 2026.

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CAIQ vs QXQ: Dividend Yield & Total Return

Return, fees and overlap, side by side.

Return gap

+0.3 pts

6 months to Nov 12, 2026: CAIQ ahead, total return

Fee gap

0.24 pts

A year: CAIQ 0.74%, QXQ 0.98%, per filings dated Jan 5, 2026 and Apr 15, 2026

Overlap

–

No book read for both funds

Net flow

–

Needs daily flows for both funds

Pair scorecard

CAIQ costs 0.24 points a year less.

Points (pts) are percentage points.

CAIQ vs QXQ: Dividend Yield & Total Return
Measure	CAIQ	QXQ
Paid and earned
Measure	CAIQ	QXQ
Total return, 1 year	not published	+12.1%
Price change	fell 4.3% (since Nov 20, 2025)	fell 4.7% (1 year)
Return of capital, issuer estimate	100% of the Nov 9, 2026 payment
Against its benchmark
Measure	CAIQ	QXQ
Benchmark	Nasdaq-100, measured through QQQ	Nasdaq-100, measured through QQQ
Cost and size
Measure	CAIQ	QXQ
Expense ratio	0.74%	0.98%
Net assets, CAIQ as of Jul 31, 2026 and QXQ as of Aug 31, 2026	$286m	$82m
Holdings
Measure	CAIQ	QXQ
Holdings in common	not published

Method

Key numbers

16.8%

CAIQ cash paid, since launch, Nov 20, 2025

15.1%

QXQ cash paid, 1 year

+12.7%

CAIQ total return, since launch, Nov 20, 2025

+12.1%

QXQ total return, 1 year

CAIQ · since launch to Nov 12, 2026 5.3 pts behind QQQ

CAIQ

+12.7%

QQQ

+18.0%

5.3 pts behind QQQ

CAIQ since launch: paid 16.8%, price −4.3%, total +12.7%, QQQ +18.0%, −5.3 pts. Data to Nov 12, 2026.

QQQ

+18.0%

CAIQ

+12.7%

16.8% of it arrived as cash

5.3 pts behind QQQ

Total return, distributions reinvested

5.3 pts behind QQQ

CAIQ since launch: paid 16.8%, price −4.3%, total +12.7%, QQQ +18.0%, −5.3 pts. Data to Nov 12, 2026.

QQQ

+18.0%

CAIQ

+12.7%

16.8% as cash

5.3 pts behind QQQ

16.8% of it arrived as cash. Total return, distributions reinvested. CAIQ since launch: paid 16.8%, price −4.3%, total +12.7%, QQQ +18.0%, −5.3 pts. Data to Nov 12, 2026.

Data to Nov 12, 2026.

QXQ · 1 year to Nov 12, 2026 0.8 pts ahead of QQQ

QXQ

+12.1%

QQQ

+11.3%

0.8 pts ahead of QQQ

QXQ over 1 year: paid 15.1%, price −4.7%, total +12.1%, QQQ +11.3%, +0.8 pts. Data to Nov 12, 2026.

QQQ

+11.3%

QXQ

+12.1%

15.1% of it arrived as cash

0.8 pts ahead of QQQ

Total return, distributions reinvested

0.8 pts ahead of QQQ

QXQ over 1 year: paid 15.1%, price −4.7%, total +12.1%, QQQ +11.3%, +0.8 pts. Data to Nov 12, 2026.

QQQ

+11.3%

QXQ

+12.1%

15.1% as cash

0.8 pts ahead of QQQ

15.1% of it arrived as cash. Both charts share one scale, with zero at the line. QXQ over 1 year: paid 15.1%, price −4.7%, total +12.1%, QQQ +11.3%, +0.8 pts. Data to Nov 12, 2026.

Data to Nov 12, 2026.

Side by side

CAIQ Calamos Nasdaq Autocallable Income ETF · Autocallable on QQQ, paying monthly QXQ SGI Enhanced Nasdaq-100 ETF · Covered call on QQQ, paying quarterly

Issuer Calamos SGI

Strategy autocallable covered call

Benchmark Nasdaq-100 (QQQ) Nasdaq-100 (QQQ)

Pays monthly quarterly

Payout rate, annualized 19.6% 1.0%

Expense ratio 0.74% 0.98%

Cash paid, 1 year 16.8% (since launch, Nov 20, 2025) 15.1%

Price change, 1 year −4.3% (since launch, Nov 20, 2025) −4.7%

Total return, 1 year +12.7% (since launch, Nov 20, 2025) +12.1%

Benchmark return, 1 year +18.0% (since launch, Nov 20, 2025) +11.3%

Ahead or behind −5.3 pts (since launch, Nov 20, 2025) +0.8 pts

Return of capital, latest estimate 100% not published

Age 357 days 2.4 years

Net assets, CAIQ as of Jul 31, 2026 and QXQ as of Aug 31, 2026 $286m $82m

As of Nov 12, 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

Window by window: CAIQ vs QXQ: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	CAIQ	QXQ	CAIQ	QXQ	CAIQ	QXQ
3 months	−4.4%	−5.4%	4.4%	0.2%	+1.5 pts	+0.5 pts
6 months	−3.5%	−3.8%	8.5%	0.5%	+0.7 pts	+0.4 pts
1 year	–	+12.1%	–	15.1%	–	+0.8 pts
Since launchNot the same days: CAIQ Nov 2025 · QXQ Jun 2024	+12.7%	+47.7%	16.8%	22.8%	−5.3 pts	+2.2 pts

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Alert

About each fund

CAIQ

Over the period from its first trade on Nov 20, 2025 to Nov 12, 2026, CAIQ paid 16.8% of its starting value in cash distributions while its price fell 4.3%. With every distribution reinvested, the fund returned +12.7%. Nasdaq-100 (QQQ) returned +18.0% over the same days, so a holder was behind by 5.3 pts. At its price on Nov 12, 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.

QXQ

Over the year to Nov 12, 2026, QXQ paid 15.1% of its starting value in cash distributions while its price fell 4.7%. With every distribution reinvested, the fund returned +12.1%. Nasdaq-100 (QQQ) returned +11.3% over the same days, so a holder was ahead by 0.8 pts. At its price on Nov 12, 2026 the latest distribution annualizes to 1.0%, paid quarterly.

Questions people ask

Which is cheaper, CAIQ or QXQ?: CAIQ charges 0.74% a year and QXQ charges 0.98%, so CAIQ is cheaper. Fees come from each fund's prospectus.

Other comparisons

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Where to next

Nasdaq-100 (QQQ) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →CAIQ on its own →QXQ on its own →CAIQ dividend history →CAIQ holdings →QXQ dividend history →Method →Standards and sources →

Sources and dates

CAIQ filings on SEC EDGAR ↗

CAIQ prospectus with the expense ratio (SEC) ↗

CAIQ 19a-1 distribution notice ↗

Calamos website ↗

QXQ filings on SEC EDGAR ↗

QXQ prospectus with the expense ratio (SEC) ↗

SGI website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, CAIQ against QXQ, data as of Nov 12, 2026. https://etfiq.com/compare/income/caiq-vs-qxq

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

CAIQ and QXQ both write options for income.

CAIQ on its own →QXQ on its own →

Growth of 100

CAIQ and QXQ

Total return, distributions reinvested, 6 months.

CAIQ −3.5%QXQ −3.8%

May 14, 2026Nov 12, 2026

CAIQ −3.5%, QXQ −3.8%: CAIQ +0.3 pts ahead, 6 months, May 14, 2026 to Nov 12, 2026.