Data as of Nov 4, 2026.

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Income ETFs

CAIQ vs TCAL: Dividend Yield & Total Return

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CAIQ and TCAL both write options for income.

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Net assets: $286m on Jul 31, 2026 for Calamos Nasdaq Autocallable Income ETF, and $324m on Nov 3, 2026 for T. Rowe Price Capital Appreciation Premium Income ETF.

At a glance
16.8%
CAIQ cash paid, since launch, Nov 20, 2025
11.4%
TCAL cash paid, 1 year
+13.0%
CAIQ total return, since launch, Nov 20, 2025
+11.2%
TCAL 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.
TCAL · 1 year to Nov 4, 2026 3.4 pts behind its own stocks
TCAL
+11.2%
Own
+14.6%

3.4 pts behind its own stocks

TCAL over 1 year: paid 11.4%, price −1.2%, total +11.2%, its own stocks +14.6%, −3.4 pts. Data to Nov 4, 2026.

its own stocks

+14.6%

TCAL

+11.2%

11.4% of it arrived as cash

3.4 pts behind its own stocks

Total return, distributions reinvested

3.4 pts behind its own stocks

TCAL over 1 year: paid 11.4%, price −1.2%, total +11.2%, its own stocks +14.6%, −3.4 pts. Data to Nov 4, 2026.

its own stocks

+14.6%

TCAL

+11.2%

11.4% cash

3.4 pts behind its own stocks

11.4% of it arrived as cash. Both charts share one scale, with zero at the line. TCAL over 1 year: paid 11.4%, price −1.2%, total +11.2%, its own stocks +14.6%, −3.4 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

TCAL costs 0.40 points a year less.

Points (pts) are percentage points.

CAIQ vs TCAL: Dividend Yield & Total Return
MeasureCAIQTCAL
Paid and earned
Total return, 1 yearnot published+11.2%
Price changefell 4.1% (since Nov 20, 2025)fell 1.2% (1 year)
Return of capital, issuer estimate100% of the Nov 9, 2026 payment
Against its benchmark
BenchmarkNasdaq-100, measured through QQQits own stocks
Cost and size
Expense ratio0.74%0.34%
Net assets, CAIQ as of Jul 31, 2026 and TCAL as of Nov 3, 2026$286m$324m
Holdings
Holdings in common0%

Method

What they share

0%

By the books each fund has filed, CAIQ and TCAL hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first CAIQ TCAL
Only in one fund ↓
Only in CAIQ
Calamos Tax-Aware Collateral ETF 81.06%
Only in TCAL
DANAHER CORP 2.02%
WATERS CORP 1.99%
VERALTO CORP 1.89%
WASTE CONNECTIONS INC 1.82%
YUM BRANDS INC 1.73%
MCDONALD S CORP 1.71%
VISA INC-CLASS A SHARES 1.71%
LINDE PLC 1.65%
Check overlap with more funds →

Side by side

CAIQ Calamos Nasdaq Autocallable Income ETF · Autocallable on QQQ, paying monthly TCAL T. Rowe Price Capital Appreciation Premium Income ETF · Covered call on its own stocks, paying monthly
Strategy autocallable covered call
Benchmark Nasdaq-100 (QQQ) TCAL's own stocks, without the options (from its filed holdings, rebalanced at each filing; latest Jun 30, 2026)
Pays monthly monthly
Payout rate, annualized 19.6% 13.0%
Expense ratio 0.74% 0.34%
Cash paid, 1 year 16.8% (since launch, Nov 20, 2025) 11.4%
Price change, 1 year −4.1% (since launch, Nov 20, 2025) −1.2%
Total return, 1 year +13.0% (since launch, Nov 20, 2025) +11.2%
Benchmark return, 1 year +18.7% (since launch, Nov 20, 2025) +14.6%
Ahead or behind −5.7 pts (since launch, Nov 20, 2025) −3.4 pts
Return of capital, latest estimate 100% not published
Age 349 days 1.6 years
Net assets, CAIQ as of Jul 31, 2026 and TCAL as of Nov 3, 2026 $286m $324m

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 TCAL: Dividend Yield & Total Return
Total returnCash paidAgainst the benchmark
WindowCAIQTCALCAIQTCALCAIQTCAL
3 months−2.9%+5.3%4.5%2.6%+0.6 pts−1.8 pts
6 months−1.9%+12.3%8.6%6.3%−1.6 pts−0.9 pts
1 year–+11.2%–11.4%–−3.5 pts
Since launchNot the same days: CAIQ Nov 2025 · TCAL Mar 2025+13.0%+12.0%16.8%16.9%−5.7 ptsnot measured

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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.

TCAL

Over the year to Nov 4, 2026, TCAL paid 11.4% of its starting value in cash distributions while its price fell 1.2%. With every distribution reinvested, the fund returned +11.2%. TCAL's own stocks, without the options (from its filed holdings, rebalanced at each filing; latest Jun 30, 2026) returned +14.6% over the same days, so a holder was behind by 3.4 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 13.0%, paid monthly.

Questions people ask

Which is cheaper, CAIQ or TCAL?
CAIQ charges 0.74% a year and TCAL charges 0.34%, so TCAL is cheaper. Fees come from each fund's prospectus.
Other comparisons
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ETFIQ, CAIQ against TCAL, data as of Nov 4, 2026. https://etfiq.com/compare/income/caiq-vs-tcal

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