Which is cheaper, CAIQ or SDVD?

CAIQ charges 0.74% a year and SDVD charges 0.85%, so CAIQ is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

CAIQ vs SDVD: Dividend Yield & Total Return

CAIQ and SDVD both write options for income.

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Net assets: $286m on Jul 31, 2026 for Calamos Nasdaq Autocallable Income ETF, and $903m on Nov 3, 2026 for FT Vest SMID Rising Dividend Achievers Target Income ETF.

CAIQ on its own →SDVD on its own →

At a glance

16.8%

CAIQ cash paid, since launch, Nov 20, 2025

9.7%

SDVD cash paid, 1 year

+13.0%

CAIQ total return, since launch, Nov 20, 2025

+18.9%

SDVD 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.

SDVD · 1 year to Nov 4, 2026 1.4 pts ahead of SDVY

SDVD

+18.9%

SDVY

+17.5%

1.4 pts ahead of SDVY

SDVD over 1 year: paid 9.7%, price +8.6%, total +18.9%, SDVY +17.5%, +1.4 pts. Data to Nov 4, 2026.

SDVY

+17.5%

SDVD

+18.9%

9.7% of it arrived as cash

1.4 pts ahead of SDVY

Total return, distributions reinvested

1.4 pts ahead of SDVY

SDVD over 1 year: paid 9.7%, price +8.6%, total +18.9%, SDVY +17.5%, +1.4 pts. Data to Nov 4, 2026.

SDVY

+17.5%

SDVD

+18.9%

9.7% cash

1.4 pts ahead of SDVY

9.7% of it arrived as cash. Both charts share one scale, with zero at the line. SDVD over 1 year: paid 9.7%, price +8.6%, total +18.9%, SDVY +17.5%, +1.4 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

CAIQ costs 0.11 points a year less.

Points (pts) are percentage points.

CAIQ vs SDVD: Dividend Yield & Total Return
Measure	CAIQ	SDVD
Paid and earned
Measure	CAIQ	SDVD
Total return, 1 year	not published	+18.9%
Return of capital, issuer estimate	100% of the Nov 9, 2026 payment	22% of the Oct 30, 2026 payment
Against its benchmark
Measure	CAIQ	SDVD
Benchmark	Nasdaq-100, measured through QQQ	First Trust SMID Cap Rising Dividend Achievers ETF, measured through SDVY
Cost and size
Measure	CAIQ	SDVD
Expense ratio	0.74%	0.85%
Net assets, CAIQ as of Jul 31, 2026 and SDVD as of Nov 3, 2026	$286m	$903m
Holdings
Measure	CAIQ	SDVD
Holdings in common	0%

Method

What they share

By the books each fund has filed, CAIQ and SDVD hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 3, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first CAIQ SDVD

Only in one fund ↓

Only in CAIQ

Calamos Tax-Aware Collateral ETF 81.06%

Only in SDVD

The Hanover Insurance Group, Inc. 1.09%

Reinsurance Group of America, Incorporated 1.06%

Williams-Sonoma, Inc. 1.06%

Veralto Corporation 1.05%

Assurant, Inc. 1.02%

Interparfums, Inc. 1.02%

National HealthCare Corporation 1.02%

VeriSign, Inc. 1.02%

Check overlap with more funds →

Side by side

CAIQ Calamos Nasdaq Autocallable Income ETF · Autocallable on QQQ, paying monthly SDVD FT Vest SMID Rising Dividend Achievers Target Income ETF · Writes calls on the Russell 2000, investing in the Nasdaq US Small-Mid Cap Rising Dividend Achievers Index, paying monthly

Issuer Calamos First Trust

Strategy autocallable dividend stocks with call overlay

Benchmark Nasdaq-100 (QQQ) First Trust SMID Cap Rising Dividend Achievers ETF (SDVY)

Pays monthly monthly

Payout rate, annualized 19.6% 8.2%

Expense ratio 0.74% 0.85%

Cash paid, 1 year 16.8% (since launch, Nov 20, 2025) 9.7%

Price change, 1 year −4.1% (since launch, Nov 20, 2025) +8.6%

Total return, 1 year +13.0% (since launch, Nov 20, 2025) +18.9%

Benchmark return, 1 year +18.7% (since launch, Nov 20, 2025) +17.5%

Ahead or behind −5.7 pts (since launch, Nov 20, 2025) +1.4 pts

Return of capital, latest estimate 100% 22%

Age 349 days 3.2 years

Net assets, CAIQ as of Jul 31, 2026 and SDVD as of Nov 3, 2026 $286m $903m

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 SDVD: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	CAIQ	SDVD	CAIQ	SDVD	CAIQ	SDVD
3 months	−2.9%	−2.3%	4.5%	2.0%	+0.6 pts	+0.5 pts
6 months	−1.9%	+3.3%	8.6%	4.1%	−1.6 pts	+0.9 pts
1 year	–	+18.9%	–	9.7%	–	+1.4 pts
3 years	–	+60.8%	–	31.3%	–	+1.0 pts
Since launchNot the same days: CAIQ Nov 2025 · SDVD Aug 2023	+13.0%	+53.9%	16.8%	31.3%	−5.7 pts	+1.9 pts

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Alert

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.

SDVD

Over the year to Nov 4, 2026, SDVD paid 9.7% of its starting value in cash distributions while its price rose 8.6%. With every distribution reinvested, the fund returned +18.9%. First Trust SMID Cap Rising Dividend Achievers ETF (SDVY) returned +17.5% over the same days, so a holder was ahead by 1.4 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 8.2%, paid monthly. First Trust estimates that 22% of the distribution paid Oct 30, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which is cheaper, CAIQ or SDVD?: CAIQ charges 0.74% a year and SDVD charges 0.85%, so CAIQ is cheaper. Fees come from each fund's prospectus.

Other comparisons

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Where to next

Nasdaq-100 (QQQ) →First Trust SMID Cap Rising Dividend Achievers ETF (SDVY) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →CAIQ on its own →SDVD on its own →CAIQ dividend history →CAIQ holdings →SDVD dividend history →SDVD holdings →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 ↗

SDVD filings on SEC EDGAR ↗

SDVD prospectus with the expense ratio (SEC) ↗

SDVD 19a-1 distribution notice ↗

First Trust page for SDVD ↗

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

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, CAIQ against SDVD, data as of Nov 4, 2026. https://etfiq.com/compare/income/caiq-vs-sdvd

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