Data as of Nov 4, 2026.
CAIQ vs SPYI: Dividend Yield & Total Return
CAIQ and SPYI both write options for income.
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askIQ about CAIQ and SPYI
Net assets: $286m on Jul 31, 2026 for Calamos Nasdaq Autocallable Income ETF, and $12.7bn on Oct 28, 2026 for NEOS S&P 500 High Income ETF.
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, 2026.0.8 pts behind SPY
SPYI over 1 year: paid 12.1%, price +1.1%, total +14.0%, SPY +14.8%, −0.8 pts. Data to Nov 4, 2026.
SPY
+14.8%
SPYI
+14.0%
12.1% of it arrived as cash
0.8 pts behind SPY
Total return, distributions reinvested
0.8 pts behind SPY
SPYI over 1 year: paid 12.1%, price +1.1%, total +14.0%, SPY +14.8%, −0.8 pts. Data to Nov 4, 2026.
SPY
+14.8%
SPYI
+14.0%
12.1% cash
0.8 pts behind SPY
12.1% of it arrived as cash. Both charts share one scale, with zero at the line. SPYI over 1 year: paid 12.1%, price +1.1%, total +14.0%, SPY +14.8%, −0.8 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
SPYI costs 0.06 points a year less.
Points (pts) are percentage points.
| Measure | CAIQ | SPYI |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | not published | +14.0% |
| Price change | fell 4.1% (since Nov 20, 2025) | rose 1.1% (1 year) |
| Return of capital, issuer estimate | 100% of the Nov 9, 2026 payment | 99% of the Oct 23, 2026 payment |
| Against its benchmark | ||
| Benchmark | Nasdaq-100, measured through QQQ | S&P 500, measured through SPY |
| Cost and size | ||
| Expense ratio | 0.74% | 0.68% |
| Net assets, CAIQ as of Jul 31, 2026 and SPYI as of Oct 28, 2026 | $286m | $12.7bn |
| Holdings | ||
| Holdings in common | 0% | |
Risk and return
Nov 28, 2025 to Oct 30, 2026 · 48 weekly returnsFrom Nov 2025 to Oct 2026, SPYI returned more: +11.1% to +8.5%. SPYI fell less at its worst: −6.9% to −8.1%.
Full scorecard
3 measures, with how each is measured Open ↓
| Measure | CAIQ | SPYI | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +8.5% | +11.1% | SPYI | Price change plus distributions, reinvested. |
| Price return | −6.4% | −0.5% | SPYI | Price change alone, distributions left out. |
| Risk | ||||
| Max drawdown | −8.1% | −6.9% | SPYI | Deepest 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
By the books each fund has filed, CAIQ and SPYI hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 3, 2026.
half
0% in common
Only in one fund ↓
Side by side
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
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | CAIQ | SPYI | CAIQ | SPYI | CAIQ | SPYI |
| 3 months | −2.9% | +1.1% | 4.5% | 2.9% | +0.6 pts | +1.3 pts |
| 6 months | −1.9% | +5.8% | 8.6% | 6.0% | −1.6 pts | +0.7 pts |
| 1 year | – | +14.0% | – | 12.1% | – | −0.8 pts |
| 3 years | – | +62.0% | – | 39.3% | – | −20.9 pts |
| Since launchNot the same days: CAIQ Nov 2025 · SPYI Aug 2022 | +13.0% | +78.5% | 16.8% | 51.3% | −5.7 pts | −25.2 pts |
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No client brief for this pair: ETFIQ prints no one-year total return for CAIQ.
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.
SPYI
Over the year to Nov 4, 2026, SPYI paid 12.1% of its starting value in cash distributions while its price rose 1.1%. With every distribution reinvested, the fund returned +14.0%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 0.8 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 11.5%, paid monthly. NEOS estimates that 99% of the distribution paid Oct 23, 2026 was a return of capital (its 19a-1 notice).
Questions people ask
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.
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ETFIQ, CAIQ against SPYI, data as of Nov 4, 2026. https://etfiq.com/compare/income/caiq-vs-spyi
ETFIQ. (Nov 4, 2026). CAIQ against SPYI. Retrieved from https://etfiq.com/compare/income/caiq-vs-spyi
[CAIQ against SPYI (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/caiq-vs-spyi)
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