CHDG Calamos Active Hedged Equity ETF
Hedged equity fund: owns stocks and pays for protection against a fall, most often with put options
CHDG has less than a year of prices, so ETFIQ does not yet measure how it moves with the S&P 500.
Key facts
Not a full year of prices yet.
Period by period
| Window | The fund | S&P 500 | Difference, percentage points |
|---|---|---|---|
| Since it listed | −0.9% | −1.0% | +0.1 pts |
In plain words
ETFIQ measures what every alternatives fund is sold on: whether it moves differently from the stock market. It has traded since Aug 4, 2026, which is less than the year these figures need. Since it listed it returned −0.9% against −1.0% for the S&P 500.
| Issuer | Calamos |
|---|---|
| Strategy (ETFIQ, from its prospectus) | Hedged equity |
| Expense ratio (485BPOS XBRL, Jun 18, 2026) | 0.66% |
| Listed since | Aug 4, 2026 |
| Days traded | 33 |
| Quoted | on an exchange, every trading day |
Weekly closes from Tiingo with distributions reinvested, 52 weeks to the same date for the fund, SPY and BIL. ETFIQ calculation. How these figures are computed
Questions people ask
- What does CHDG cost?
- The prospectus expense ratio is 0.66% a year.
- Why is CHDG listed as hedged equity?
- ETFIQ files each fund by what its own prospectus says it does, and CHDG’s, filed Jun 18, 2026, describes a hedged equity fund.
The words on this page
- Correlation
- How closely the fund’s weekly returns moved with the S&P 500’s over the last year, from −1 to 1. At 1 the two rise and fall together, at 0 there is no pattern, and below 0 the fund tended to move the other way.
- Beta
- How far the fund moved, on average, for each 1% move in the S&P 500 over the same weeks. At 0.3 it moved about 0.3% the same way; below 0 it moved the other way.
- Down week
- A week in which the S&P 500 fell, measured through SPY with dividends reinvested. A week that ended exactly level is not a down week.
- Down-week capture
- The fund’s average return in the S&P 500’s down weeks as a share of the index’s own average in those weeks. At 100% it fell as much, at 50% half as much, and below zero it rose. It is weekly and covers one year, so it is not the same figure as Morningstar’s downside capture.
- Against T-bills
- The fund’s total return minus a short Treasury bill fund’s (BIL) over the same year, in percentage points. A fund can steady a portfolio and still earn less than cash.
Every term used here, defined in full on the alternatives ETFs vocabulary page.
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Funds near this one
Where CHDG is written about
Use this data, or open the live card
Open CHDG live on ETFIQ, where the figures refresh with the data.
Cite this page. ETFIQ, CHDG, alternatives ETFs, data as of Sep 18, 2026. https://etfiq.com/funds/chdg Free to use with attribution; the underlying files are at Open data.