CAIQ vs TLA: which paid, and which earned it?

CAIQ and TLA both write options for income. Calamos Nasdaq Autocallable Income ETF and GraniteShares Autocallable TSLA ETF.

13.7%
CAIQ cash paid, since launch
11.1%
TLA cash paid, since launch
+19.6%
CAIQ total return, since launch
+10.4%
TLA total return, since launch
CAIQ · since launch to Sep 30, 20267.3 pts behind QQQ
CAIQ
+19.6%
QQQ
+26.9%

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.

TLA · since launch to Sep 30, 202626.3 pts ahead of TSLA
TLA
+10.4%
TSLA
−15.9%

26.3 pts ahead of TSLA

TLA since launch: paid 11.1%, price −1.4%, total +10.4%, TSLA −15.9%, +26.3 pts.

TSLA

−15.9%

TLA

+10.4%

11.1% as cash

26.3 pts ahead of TSLA

Total return, distributions reinvested

26.3 pts ahead of TSLA

TLA since launch: paid 11.1%, price −1.4%, total +10.4%, TSLA −15.9%, +26.3 pts.

TSLA

−15.9%

TLA

+10.4%

26.3 pts ahead of TSLA

11.1% of it arrived as cash. Both charts share one scale, 0 to +26.9%. TLA since launch: paid 11.1%, price −1.4%, total +10.4%, TSLA −15.9%, +26.3 pts.

Performance, window by window

Total returnCash paidAgainst the benchmark
WindowCAIQTLACAIQTLACAIQTLA
3 months+2.6%+3.3%2.9%3.1%+0.5 pts+19.9 pts
6 months+18.4%+11.2%8.0%8.2%−8.4 pts+18.1 pts
Since launch
CAIQ Nov 2025 · TLA Feb 2026
+19.6%+10.4%13.7%11.1%−7.3 pts+26.3 pts

CAIQ and TLA 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
Calamos Nasdaq Autocallable Income ETF · Autocallable on QQQ, paying monthly
TLA
GraniteShares Autocallable TSLA ETF · Autocallable on TSLA, paying monthly
Issuer Calamos GraniteShares
Strategy autocallable autocallable
Benchmark Nasdaq-100 (QQQ) Tesla (TSLA)
Pays monthly monthly
Payout rate, annualized 17.5% 18.4%
Expense ratio 0.74% 1.07%
Cash paid, 1 year 13.7% (since launch on Nov 20, 2025) 11.1% (since launch on Feb 3, 2026)
Price change, 1 year +4.7% −1.4%
Total return, 1 year +19.6% (since launch on Nov 20, 2025) +10.4% (since launch on Feb 3, 2026)
Benchmark return, 1 year +26.9% −15.9%
Ahead or behind −7.3 pts +26.3 pts
Return of capital, latest estimate not published 4%
Age 314 days 239 days
Net assets $167m $5m

CAIQ and TLA 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.

TLA in plain words

Over the period since launch on Feb 3, 2026 to Sep 30, 2026, TLA paid 11.1% of its starting value in cash distributions while its price fell 1.4%. With every distribution reinvested, the fund returned +10.4%. Tesla (TSLA) returned −15.9% over the same days, so a holder was ahead by 26.3 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 18.4%, paid monthly. GraniteShares estimates that 4% of the distribution paid Jun 5, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).

Questions people ask

Which is cheaper, CAIQ or TLA?
CAIQ charges 0.74% a year and TLA charges 1.07%, so CAIQ is cheaper. Fees come from each fund's prospectus.
Cite this page

ETFIQ, CAIQ against TLA, data as of Sep 30, 2026. https://etfiq.com/compare/income/caiq-vs-tla

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.