CAIECalamos US Equity Autocallable Income ETF
Seeks to generate high monthly income with reduced downside risk through exposure to the Autocallable Index.
By Calamos · Launched 2025
0.74%
#3,625 of 5,562 · average
$972M
#1,135 of 5,562 · large
—
12 months
#4,520 of 5,562 · young
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundAsset class
AlternativeRegion
North americaStrategy
Option income
Index tracked
MerQube US Large Cap Vol Advantage Autocallable Index
What it actually holds
By weightConcentration
Top 4 holdings = 99.4% of fundconcentrated
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsWorst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
Where to buy
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks to generate high monthly income with reduced downside risk through exposure to the Autocallable Index.
- Strategy
- Invests primarily in U.S. Treasuries, cash, and total return swaps for exposure to the MerQube US Large Cap Vol Advantage Autocallable Index. The Fund aims to provide income while mitigating risk through a diversified portfolio of synthetic autocallable notes.
- Inception date
- June 25, 2025
- Fund family
- Calamos
Similar ETFs
Closest matches by profileOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Covered call ETF — yield ≠ total return
The high distribution yield is not free income — it comes from selling upside via call options. Research finds these strategies systematically underperform their underlying index over full cycles, typically by 100–300 basis points per year depending on the option-overlay design. The monthly distributions make the shortfall hard to see in return summaries.
Source: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)
Why we flagged this: strategy=option_income + option_income_strategy
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
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Data updated on 2026-06-19