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CAIECalamos US Equity Autocallable Income ETF

Get income1y track recordRanked #687 of 1,650 in this goal

Seeks to generate high monthly income while providing reduced downside risk through exposure to the MerQube US Large Cap Vol Advantage Autocallable Index.

By Calamos · Launched 2025

Annual Cost

0.74%

#3,775 of 5,854 · average

Fund Size

$1.1B

#1,095 of 5,854 · large

Dividend YieldGoal

5.58%

Track Record

1 year

#4,406 of 5,854 · young

Performance

Total-return NAV · USD
Growth of $10,000
$11,692+16.9%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Alternative

Region

North america

Strategy

Option income

Index tracked

MerQube US Large Cap Vol Advantage Autocallable Index

What it actually holds

By weight

Concentration

Top 3 holdings = 99.5% of fundconcentrated

Calamos Tax-Aware Collateral ETF
78.4%
United States Treasury
13.5%
JPMorgan Chase Bank NA
7.6%

Asset allocation

Stocks
74.8%
Cash
15.3%
Other
9.9%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
12.0%Moderate

Year-on-year price swings

Max drawdown
-7.7%Mild

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks to generate high monthly income while providing reduced downside risk through exposure to the MerQube US Large Cap Vol Advantage Autocallable Index.
Strategy
Actively manages a portfolio primarily invested in synthetic autocallable notes and U.S. Treasuries to generate high monthly income while reducing downside risk. Utilizes total return swaps to gain exposure to the Autocallable Index, which reflects a diversified portfolio of autocallables.
Inception date
June 24, 2025
Fund family
Calamos

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Covered call
Warning

The big yield isn't extra money

The headline distribution comes from selling call options, which caps the fund's upside. Across a full market cycle that trade costs more than it brings in — often 1 to 3 percentage points a year against just holding the index. Monthly payouts make the gap easy to miss on a return summary.

Sources: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)

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 2026-08-03