CAIQ ETF Analysis: Calamos Nasdaq Autocallable | NASDAQ
Derivative Income | NASDAQ, USA | Market Cap: 225m USD | 12M Return: 15.6% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 4.73M
Warnings
Tailwinds
No distinct edge detected
Seasonality 0.6 years of data
Average return per month, with how dependable it is below — did the month move the same way every year (high) or randomly (low). Above 60 is a pattern worth trusting; under 40 is noise.
CAIQ is a non-diversified, actively managed ETF that invests at least 80% of its assets in U.S. Treasuries, cash, cash equivalents, box spreads, and unfunded total return swaps to gain exposure to a target index. Rather than tracking or replicating the index, the fund uses derivative instruments-primarily total return swaps-to capture returns linked to the indexs performance, falling within the broader derivative income ETF category.
The funds structure reflects a synthetic exposure strategy common in income-oriented ETFs, where unfunded swaps allow the issuer to deliver index-linked returns without holding the underlying securities directly. As a recent IPO (November 2025) from Calamos, a sponsor known for its covered call and income-focused ETF lineup, CAIQ joins a growing segment of derivative-based products targeting yield through options and swap-based structures rather than traditional stock or bond holdings.
- Nasdaq 100 level drives swap-linked payout
- Treasury yields and swap spreads compress income distributions
- Autocallable structure adoption lifts AUM inflows
As of June 30, 2026, the stock is trading at USD 26.58 with a total of 289,167 shares traded. Over the past week, the price has changed by -0.82%, over one month by -1.52%, over three months by +20.06% and over the past year by +15.56%.
Current recommended Stop Loss: 25.90 (which is 2.6% or 2.4 ATR below the current price).
Calamos Nasdaq Autocallable has no consensus analysts rating.