Data as of .
CAIQ vs SCLZ: which paid, and which earned it?
CAIQ and SCLZ both write options for income.
What they hold in common
By the books each fund has filed, CAIQ and SCLZ hold 0% of their money in the same securities at the same weight.
| Only in CAIQ | Only in SCLZ |
|---|---|
| Calamos Tax-Aware Collateral ETF 100.00% | MICRON TECHNOLOGY INC 7.89% |
| APPLE INC 6.15% | |
| NVIDIA CORP 5.99% | |
| ALPHABET INC 5.18% | |
| ADVANCED MICRO DEVICES INC 5.14% | |
| BROADCOM INC 4.71% | |
| ELI LILLY & COMPANY 3.86% | |
| AMAZON.COM INC 3.75% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026 and Jun 30, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| CAIQ | SCLZ | CAIQ | SCLZ | CAIQ | SCLZ | |
| 3 months | −0.5% | +2.9% | 4.3% | 2.1% | +1.9 pts | −3.6 pts |
| 6 months | +16.5% | +14.2% | 9.5% | 3.8% | −7.7 pts | +1.6 pts |
| 1 year | not published | +13.2% | not published | 8.4% | not published | −14.0 pts |
| Since launch | +16.7% | +36.5% | 13.7% | 19.6% | −7.0 pts | −6.3 pts |
| CAIQ Calamos Nasdaq Autocallable Income ETF Option income on QQQ, paying monthly | SCLZ Swan Enhanced Dividend Income ETF Dividend stocks with call overlay on SCHD, paying monthly | |
|---|---|---|
| Issuer | Calamos | Swan |
| Strategy | option income | dividend stocks with call overlay |
| Benchmark | Nasdaq-100 (QQQ) | US dividend stocks (SCHD), used as the dividend proxy |
| Pays | monthly | monthly |
| Payout rate, annualized | 17.9% | 8.5% |
| Expense ratio | 0.74% | 0.79% |
| Cash paid, 1 year | 13.7% (since launch on Nov 20, 2025) | 8.4% |
| Price change, 1 year | +2.1% | +4.1% |
| Total return, 1 year | +16.7% (since launch on Nov 20, 2025) | +13.2% |
| Benchmark return, 1 year | +23.6% | +27.2% |
| Ahead or behind | −7.0 pts | −14.0 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 302 days | 934 days |
| Net assets | $167m | $20m |
CAIQ in plain words
Over the period since launch on Nov 20, 2025 to Sep 18, 2026, CAIQ paid 13.7% of its starting value in cash distributions while its price rose 2.1%. With every distribution reinvested, the fund returned +16.7%. Nasdaq-100 (QQQ) returned +23.6% over the same days, so a holder was behind by 7.0 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 17.9%, paid monthly.
SCLZ in plain words
Over the year to Sep 18, 2026, SCLZ paid 8.4% of its starting value in cash distributions while its price rose 4.1%. With every distribution reinvested, the fund returned +13.2%. US dividend stocks (SCHD), used as the dividend proxy returned +27.2% over the same days, so a holder was behind by 14.0 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 8.5%, paid monthly.
Questions people ask
- Which is cheaper, CAIQ or SCLZ?
- CAIQ charges 0.74% a year and SCLZ charges 0.79%, so CAIQ is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, CAIQ against SCLZ, data as of Sep 18, 2026. https://etfiq.com/compare/income/caiq-vs-sclz Free to use with attribution; the underlying files are at Open data.