Data as of Nov 4, 2026.

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Income ETFs

CAIQ vs QYLD: Dividend Yield & Total Return

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CAIQ and QYLD both write options for income.

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Net assets: $286m on Jul 31, 2026 for Calamos Nasdaq Autocallable Income ETF, and $8.5bn on Oct 12, 2026 for Global X NASDAQ 100 Covered Call ETF.

At a glance
16.8%
CAIQ cash paid, since launch, Nov 20, 2025
12.3%
QYLD cash paid, 1 year
+13.0%
CAIQ total return, since launch, Nov 20, 2025
+16.5%
QYLD total return, 1 year
CAIQ · since launch to Nov 4, 2026 5.7 pts behind QQQ
CAIQ
+13.0%
QQQ
+18.7%

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.
QYLD · 1 year to Nov 4, 2026 4.2 pts ahead of QQQ
QYLD
+16.5%
QQQ
+12.3%

4.2 pts ahead of QQQ

QYLD over 1 year: paid 12.3%, price +3.3%, total +16.5%, QQQ +12.3%, +4.2 pts. Data to Nov 4, 2026.

QQQ

+12.3%

QYLD

+16.5%

12.3% of it arrived as cash

4.2 pts ahead of QQQ

Total return, distributions reinvested

4.2 pts ahead of QQQ

QYLD over 1 year: paid 12.3%, price +3.3%, total +16.5%, QQQ +12.3%, +4.2 pts. Data to Nov 4, 2026.

QQQ

+12.3%

QYLD

+16.5%

12.3% cash

4.2 pts ahead of QQQ

12.3% of it arrived as cash. Both charts share one scale, with zero at the line. QYLD over 1 year: paid 12.3%, price +3.3%, total +16.5%, QQQ +12.3%, +4.2 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

QYLD costs 0.14 points a year less.

Points (pts) are percentage points.

CAIQ vs QYLD: Dividend Yield & Total Return
MeasureCAIQQYLD
Paid and earned
Total return, 1 yearnot published+16.5%
Price changefell 4.1% (since Nov 20, 2025)rose 3.3% (1 year)
Return of capital, issuer estimate100% of the Nov 9, 2026 payment99% of the Sep 24, 2026 payment
Against its benchmark
BenchmarkNasdaq-100, measured through QQQNasdaq-100, measured through QQQ
Cost and size
Expense ratio0.74%0.60%
Net assets, CAIQ as of Jul 31, 2026 and QYLD as of Oct 12, 2026$286m$8.5bn
Holdings
Holdings in common0%

Method

Risk and return

Nov 28, 2025 to Oct 30, 2026 · 48 weekly returns
CAIQ QYLD
Return
Total return edge QYLD +8.5% +14.3%
Price return edge QYLD −6.4% +2.4%
Risk
Max drawdown edge QYLD −8.1% −3.9%
Reading

From Nov 2025 to Oct 2026, QYLD returned more: +14.3% to +8.5%. QYLD fell less at its worst: −3.9% to −8.1%.

Full scorecard

3 measures, with how each is measured
Open ↓
Risk and return: CAIQ vs QYLD: Dividend Yield & Total Return
MeasureCAIQQYLDEdgeHow it is measured
Return
Total return+8.5%+14.3%QYLDPrice change plus distributions, reinvested.
Price return−6.4%+2.4%QYLDPrice change alone, distributions left out.
Risk
Max drawdown−8.1%−3.9%QYLDDeepest fall from a high to the low after it.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 48 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

0%

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

0 half 100%

half

0% in common

Positions both hold · largest shared weight first CAIQ QYLD
Only in one fund ↓
Only in CAIQ
Calamos Tax-Aware Collateral ETF 81.06%
Only in QYLD
NVIDIA CORPORATION 8.20%
APPLE INC. 7.65%
MICROSOFT CORPORATION 5.82%
AMAZON.COM, INC. 4.93%
MICRON TECHNOLOGY, INC. 4.32%
ADVANCED MICRO DEVICES, INC. 3.62%
ALPHABET INC. 3.50%
ALPHABET INC. 3.28%
Check overlap with more funds →

Side by side

CAIQ Calamos Nasdaq Autocallable Income ETF · Autocallable on QQQ, paying monthly QYLD Global X NASDAQ 100 Covered Call ETF · Covered call on QQQ, paying monthly
Strategy autocallable covered call
Benchmark Nasdaq-100 (QQQ) Nasdaq-100 (QQQ)
Pays monthly monthly
Payout rate, annualized 19.6% 12.2%
Expense ratio 0.74% 0.60%
Cash paid, 1 year 16.8% (since launch, Nov 20, 2025) 12.3%
Price change, 1 year −4.1% (since launch, Nov 20, 2025) +3.3%
Total return, 1 year +13.0% (since launch, Nov 20, 2025) +16.5%
Benchmark return, 1 year +18.7% (since launch, Nov 20, 2025) +12.3%
Ahead or behind −5.7 pts (since launch, Nov 20, 2025) +4.2 pts
Return of capital, latest estimate 100% 99%
Age 349 days 12.9 years
Net assets, CAIQ as of Jul 31, 2026 and QYLD as of Oct 12, 2026 $286m $8.5bn

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

Window by window: CAIQ vs QYLD: Dividend Yield & Total Return
Total returnCash paidAgainst the benchmark
WindowCAIQQYLDCAIQQYLDCAIQQYLD
3 months−2.9%+2.4%4.5%3.0%+0.6 pts+5.9 pts
6 months−1.9%+5.4%8.6%6.0%−1.6 pts+5.8 pts
1 year–+16.5%–12.3%–+4.2 pts
3 years–+52.7%–37.9%–−38.6 pts
Since launchNot the same days: CAIQ Nov 2025 · QYLD Dec 2013+13.0%+194.8%16.8%117.5%−5.7 pts−610.5 pts

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Client brief

No client brief for this pair: ETFIQ prints no one-year total return for CAIQ.

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About each fund
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.

QYLD

Over the year to Nov 4, 2026, QYLD paid 12.3% of its starting value in cash distributions while its price rose 3.3%. With every distribution reinvested, the fund returned +16.5%. Nasdaq-100 (QQQ) returned +12.3% over the same days, so a holder was ahead by 4.2 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 12.2%, paid monthly. Global X estimates that 99% of the distribution paid Sep 24, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which is cheaper, CAIQ or QYLD?
CAIQ charges 0.74% a year and QYLD charges 0.60%, so QYLD is cheaper. Fees come from each fund's prospectus.
Other comparisons
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ETFIQ, CAIQ against QYLD, data as of Nov 4, 2026. https://etfiq.com/compare/income/caiq-vs-qyld

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