Data as of Nov 4, 2026.

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Income ETFs

CAIQ vs TPRY: Dividend Yield & Total Return

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CAIQ and TPRY both write options for income.

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Net assets: $286m on Jul 31, 2026 for Calamos Nasdaq Autocallable Income ETF, and $3.3m on Nov 3, 2026 for VistaShares Target 15 TEPRTantrum Contrarian Distribution ETF.

At a glance
16.8%
CAIQ cash paid, since launch, Nov 20, 2025
9.7%
TPRY cash paid, since launch, Feb 26, 2026
+13.0%
CAIQ total return, since launch, Nov 20, 2025
−7.2%
TPRY total return, since launch, Feb 26, 2026
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%

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.
TPRY · since launch to Nov 4, 2026 19.3 pts behind SPY
TPRY
−7.2%
SPY
+12.1%

19.3 pts behind SPY

TPRY since launch: paid 9.7%, price −16.1%, total −7.2%, SPY +12.1%, −19.3 pts. Data to Nov 4, 2026.

SPY

+12.1%

TPRY

−7.2%

19.3 pts behind SPY

Total return, distributions reinvested

19.3 pts behind SPY

TPRY since launch: paid 9.7%, price −16.1%, total −7.2%, SPY +12.1%, −19.3 pts. Data to Nov 4, 2026.

SPY

+12.1%

TPRY

−7.2%

19.3 pts behind SPY

9.7% of it arrived as cash. Both charts share one scale, with zero at the line. TPRY since launch: paid 9.7%, price −16.1%, total −7.2%, SPY +12.1%, −19.3 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

CAIQ costs 0.21 points a year less.

Points (pts) are percentage points.

CAIQ vs TPRY: Dividend Yield & Total Return
MeasureCAIQTPRY
Paid and earned
Price changefell 4.1% (since Nov 20, 2025)fell 16.1% (since Feb 26, 2026)
Return of capital, issuer estimate100% of the Nov 9, 2026 payment19% of the Oct 27, 2026 payment
Against its benchmark
BenchmarkNasdaq-100, measured through QQQS&P 500, measured through SPY
Cost and size
Expense ratio0.74%0.95%
Net assets, CAIQ as of Jul 31, 2026 and TPRY as of Nov 3, 2026$286m$3.3m
Holdings
Holdings in common0%

Method

What they share

0%

By the books each fund has filed, CAIQ and TPRY hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 4, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first CAIQ TPRY
Only in one fund ↓
Only in CAIQ
Calamos Tax-Aware Collateral ETF 81.06%
Only in TPRY
Amazon.com Inc 14.29%
Micron Technology Inc 11.36%
Taiwan Semiconductor Manufacturing Co Ltd 8.48%
Alphabet Inc 6.34%
Uber Technologies Inc 5.69%
Apple Inc 5.64%
Meta Platforms Inc 5.56%
Alibaba Group Holding Ltd 4.55%
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Side by side

CAIQ Calamos Nasdaq Autocallable Income ETF · Autocallable on QQQ, paying monthly TPRY VistaShares Target 15 TEPRTantrum Contrarian Distribution ETF · Covered call on SPY, paying monthly
Strategy autocallable covered call
Benchmark Nasdaq-100 (QQQ) S&P 500 (SPY)
Pays monthly monthly
Payout rate, annualized 19.6% 15.7%
Expense ratio 0.74% 0.95%
Cash paid, 1 year 16.8% (since launch, Nov 20, 2025) 9.7% (since launch, Feb 26, 2026)
Price change, 1 year −4.1% (since launch, Nov 20, 2025) −16.1% (since launch, Feb 26, 2026)
Total return, 1 year +13.0% (since launch, Nov 20, 2025) −7.2% (since launch, Feb 26, 2026)
Benchmark return, 1 year +18.7% (since launch, Nov 20, 2025) +12.1% (since launch, Feb 26, 2026)
Ahead or behind −5.7 pts (since launch, Nov 20, 2025) −19.3 pts (since launch, Feb 26, 2026)
Return of capital, latest estimate 100% 19%
Age 349 days 251 days
Net assets, CAIQ as of Jul 31, 2026 and TPRY as of Nov 3, 2026 $286m $3.3m

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 TPRY: Dividend Yield & Total Return
Total returnCash paidAgainst the benchmark
WindowCAIQTPRYCAIQTPRYCAIQTPRY
3 months−2.9%−9.7%4.5%3.6%+0.6 pts−9.5 pts
6 months−1.9%−14.1%8.6%6.9%−1.6 pts−19.1 pts
Since launchNot the same days: CAIQ Nov 2025 · TPRY Feb 2026+13.0%−7.2%16.8%9.7%−5.7 pts−19.3 pts

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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.

TPRY

Over the period from its first trade on Feb 26, 2026 to Nov 4, 2026, TPRY paid 9.7% of its starting value in cash distributions while its price fell 16.1%. With every distribution reinvested, the fund returned −7.2%. S&P 500 (SPY) returned +12.1% over the same days, so a holder was behind by 19.3 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 15.7%, paid monthly. VistaShares estimates that 19% of the distribution paid Oct 27, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which is cheaper, CAIQ or TPRY?
CAIQ charges 0.74% a year and TPRY charges 0.95%, so CAIQ is cheaper. Fees come from each fund's prospectus.
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ETFIQ, CAIQ against TPRY, data as of Nov 4, 2026. https://etfiq.com/compare/income/caiq-vs-tpry

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