CAIQ/ Calamos Nasdaq Autocallable Income ETF
Comprehensive risk audit, payout history, and forward-looking dividend projections.
What This Page Shows
- Dividend yield and net yield after fees (17.99% vs 17.25%)
- Risk tier classification: Tier 2 Yield Plus
- TTM NAV change: -1.8%
- Income sustainability flags and payout history trends
DivAgent Audit Brief
CAIQ is a Tier 2 Yield Plus asset yielding 17.99%. It focuses on capital preservation and dividend growth, suitable for long-term compounding. NAV stability remains within healthy ranges.
Provider
Calamos
Sector
ETF
Asset Class
EQUITY
Expense Ratio
0.74%
AUM
$167.07M
Inception
—
Distribution
monthly
NAV Change (1Y)
-1.8%
Who Should Buy CAIQ?
CAIQ is best suited for Compounders. The fund generates a 17.99% yield through collecting dividends from portfolio companies.
Conservative income investors seeking capital preservation and steady dividend growth.
You need double-digit yields immediately and are not concerned with capital erosion.
Quick Audit
- TypeTraditional Equity
- ComplexityLow
- Tax EfficiencyHigh (Qualified)
- VolatilityMarket Correlation
How CAIQ fits in a portfolio
Yield Plus holdings widen income without taking on equity-volatility shocks.
Tier 2 covers conservative dividend growers and broad-market income ETFs. They typically deliver 3-6% yields with NAV behavior tracking the underlying equity beta — useful for compounding without sleeping on duration risk.
Suggested allocation
15% – 40%
of an income-focused portfolio
Estimated 12-mo net: $141 to $3,756 (P10–P90 range)
How is this projected?
Income series uses your forecasted distribution rate. NAV drift band is the P10/P50/P90 of historical monthly returns by risk tier. For Tier 5 holdings, the P10 path can show meaningful NAV erosion — this is the educational point, not a bug.
Comparing stated yield to actual total return performance
Liquidity Warning: High Risk
CAIQ has high liquidity risk. You may experience wide bid-ask spreads and significant slippage when entering or exiting positions. Consider using limit orders and avoid market orders for large positions.
DivAgent Analyst Verdict
“CAIQ is currently serving as a foundational income anchor. Investors should be aware that a traditional equity holding that pays dividends from corporate earnings and cash flow. focused on long-term sustainability and potential dividend growth.”
Risk Profile Audit
High stability. Considered a core holding for capital preservation and compounding income over decades.
Price Chart
Live DataCalculate Your Returns
Estimate income for CAIQ
~39.25 shares at $25.48
Estimates use the latest forecasted distribution and are not guarantees.
Track CAIQ in DivAgentVerified Payout History
Last 1 of 9 Payments| Ex-Dividend Date | Amount | Frequency | Status |
|---|---|---|---|
| Sep 01, 2026 | $0.3820 | Monthly | PAID |
+8 more dividends hidden | |||
8 more dividends available
Upgrade to Premium to see up to 10 historical dividends, or Pro for unlimited access.
Compare CAIQ Alternatives
See All ComparisonsCAIQ FAQ
Common questions about CAIQ dividends, safety, and performance
Institutional Analysis Context
This FAQ section provides institutional-grade analysis of CAIQ. DivAgent evaluates dividend ETFs using a proprietary 5-Tier Risk Spectrum that measures income sustainability, NAV erosion risk, and distribution source quality. Data is updated daily from market sources.
DivAgent Data Methodology
Risk Tier Classification
Our 5-Tier Risk Spectrum is not an editorial opinion. It is a quantitative scoring model derived from 36-month volatility, max drawdown depth, and option skew (for derivative funds). A "Tier 1" rating implies volatility comparable to short-term treasuries, while "Tier 5" indicates localized volatility exceeding the S&P 500.
NAV Erosion Calculation
We calculate "Erosion" by stripping out distribution payments to isolate the price performance of the underlying collateral. If a fund's share price drops by more than its distribution yield over a rolling 12-month period, it is flagged as eroding capital. This protects investors from "Yield Traps" that return their own principal as taxable income.
Yield vs. Income
DivAgent distinguishes between "SEC Yield" (standardized) and "Distribution Rate" (cash-on-cash). For option-income ETFs (e.g., Covered Calls), we prioritize the Trailing 12-Month (TTM) distribution rate as a more accurate reflection of realized income, while flagging that future payouts fluctuate with implied volatility.
Performance Benchmarking
All "Total Return" metrics differ from price return. We assume immediate reinvestment of all dividends (DRIP) on the pay date, with no tax friction. This "Net Total Return" metric allows for a true apples-to-apples comparison between high-yield/flat-price funds and low-yield/high-growth funds.
Data as of Sep 4, 2026, 3:01 AM · Dividend history updated Sep 4, 2026 · Sources: Yahoo Finance, FMP, issuer filings.
Forward yields are projections based on the most recent declared distribution annualized; distributions may include return of capital. Past performance of CAIQ does not guarantee future results.