CAIQ vs SCA: which paid, and which earned it?
CAIQ and SCA both write options for income. Calamos Nasdaq Autocallable Income ETF and GraniteShares Autocallable SMCI ETF.
7.3 pts behind QQQ
CAIQ since launch: paid 13.7%, price +4.7%, total +19.6%, QQQ +26.9%, −7.3 pts.
QQQ
+26.9%
CAIQ
+19.6%
13.7% of it arrived as cash
7.3 pts behind QQQ
Total return, distributions reinvested
7.3 pts behind QQQ
CAIQ since launch: paid 13.7%, price +4.7%, total +19.6%, QQQ +26.9%, −7.3 pts.
QQQ
+26.9%
CAIQ
+19.6%
7.3 pts behind QQQ
13.7% of it arrived as cash. Total return, distributions reinvested. CAIQ since launch: paid 13.7%, price +4.7%, total +19.6%, QQQ +26.9%, −7.3 pts.
10.3 pts ahead of SMCI
SCA since launch: paid 12.8%, price +2.9%, total +17.8%, SMCI +7.5%, +10.3 pts.
SMCI
+7.5%
SCA
+17.8%
12.8% of it arrived as cash
10.3 pts ahead of SMCI
Total return, distributions reinvested
10.3 pts ahead of SMCI
SCA since launch: paid 12.8%, price +2.9%, total +17.8%, SMCI +7.5%, +10.3 pts.
SMCI
+7.5%
SCA
+17.8%
10.3 pts ahead of SMCI
12.8% of it arrived as cash. Both charts share one scale, 0 to +26.9%. SCA since launch: paid 12.8%, price +2.9%, total +17.8%, SMCI +7.5%, +10.3 pts.
Performance, window by window
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | CAIQ | SCA | CAIQ | SCA | CAIQ | SCA |
| 3 months | +2.6% | +38.2% | 2.9% | 8.0% | +0.5 pts | −10.4 pts |
| 6 months | +18.4% | not published | 8.0% | not published | −8.4 pts | not published |
| Since launch CAIQ Nov 2025 · SCA May 2026 | +19.6% | +17.8% | 13.7% | 12.8% | −7.3 pts | +10.3 pts |
CAIQ and SCA over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →
On the same fields
CAIQ and SCA on the same fields, as of Sep 30, 2026. Source: ETFIQ.
CAIQ in plain words
Over the period since launch on Nov 20, 2025 to Sep 30, 2026, CAIQ paid 13.7% of its starting value in cash distributions while its price rose 4.7%. With every distribution reinvested, the fund returned +19.6%. Nasdaq-100 (QQQ) returned +26.9% over the same days, so a holder was behind by 7.3 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 17.5%, paid monthly.
SCA in plain words
Over the period since launch on May 27, 2026 to Sep 30, 2026, SCA paid 12.8% of its starting value in cash distributions while its price rose 2.9%. With every distribution reinvested, the fund returned +17.8%. Super Micro (SMCI) returned +7.5% over the same days, so a holder was ahead by 10.3 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 36.6%, paid monthly. GraniteShares estimates that 29% of the distribution paid Sep 11, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
Questions people ask
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ETFIQ, CAIQ against SCA, data as of Sep 30, 2026. https://etfiq.com/compare/income/caiq-vs-sca
Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.
Cite this page. ETFIQ, CAIQ against SCA, data as of Sep 30, 2026. https://etfiq.com/compare/income/caiq-vs-sca Free to use with attribution; the underlying files are at Open data.
Other forms
- Plain
- ETFIQ, CAIQ against SCA, data as of Sep 30, 2026. https://etfiq.com/compare/income/caiq-vs-sca
- APA
- ETFIQ. (Sep 30, 2026). CAIQ against SCA. Retrieved from https://etfiq.com/compare/income/caiq-vs-sca
- Markdown
- [CAIQ against SCA (ETFIQ, Sep 30, 2026)](https://etfiq.com/compare/income/caiq-vs-sca)