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Upturn AI Summary
Calamos Nasdaq Autocallable Income ETF(CAIQ)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for CAIQ
10/02/2026: CAIQ (2-star) has a low Upturn Star Rating. Not recommended to BUY.
The Calamos Nasdaq Autocallable Income ETF (CAIQ) provides a unique approach to income generation by utilizing structured notes linked to the Nasdaq-100. Its main strengths include a specialized strategy aimed at delivering high current income and the backing of a manager experienced in complex derivatives. It is best suited for income-oriented investors looking for exposure to the Nasdaq-100, provided they are comfortable with the counterparty and structural risks inherent in notes. Investors should monitor market volatility and index performance, as these are critical factors for the fund's yield delivery and stability.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
ETF holdings, costs, diversification, valuation, risks, and market conditions provide supporting context about the fund.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Weak fit | The fund focuses on income generation rather than capital appreciation. |
| Momentum investor | Mixed fit | The fit depends on whether the underlying index momentum supports the note performance thresholds. |
| Value investor | Mixed fit | Value investors may appreciate the income, but the underlying assets are growth-oriented tech stocks. |
| Dividend/Income investor | Strong fit | The fund is specifically designed to provide high current income via structured note coupons. |
| Low-risk investor | Weak fit | Exposure to the Nasdaq-100 involves inherent equity market risk and potential for volatility. |
Investor Profile
Ideal Investor Profile
Income-focused investors who want exposure to the growth potential of the Nasdaq-100 while prioritizing cash flow.
Suitability
Best for long-term investors seeking income; not recommended for active traders or those solely seeking capital growth.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | Medium / high | The income generated is often linked to the volatility and price action of the Nasdaq-100. |
| Market risk | High | Investors are exposed to the downside risk of the Nasdaq-100 Index. |
| Concentration | High | The strategy is heavily concentrated in Nasdaq-100 linked instruments. |
| Tracking/expense | Medium | Active management and note structuring involve costs that can impact net returns. |
| Liquidity | Medium | Structured notes may be less liquid than the underlying stocks in the index. |
| Business/sector quality | Medium | The performance is tied to the health of the technology sector represented in the Nasdaq-100. |
Risk Analysis
Volatility
CAIQ experiences moderate to high volatility as it is linked to the Nasdaq-100, though the structured notes aim to manage some of the downside.
Market Risk
The primary risk is a broad market sell-off, which directly impacts the value of the underlying notes.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Derivatives | Nasdaq-100 Linked Autocallable Notes | 90 | These structured notes provide the income mechanism linked to the performance of the Nasdaq-100 Index. |
| Cash/collateral | Cash and Cash Equivalents | 10 | Cash balances are maintained for liquidity and to support the collateral requirements of the structured note strategy. |
Price Behavior
Strong Uptrend
The stock has maintained a strong upward price trend across the last three quarters.
Very Smooth
The stock has followed a highly orderly price path with minimal short-term disruption.
Analysis of Past Performance
Type ETF | Historic Profit 4.25% | Avg. Invested days 21 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Advisory Rating  | Upturn Advisory Performance  4.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/02/2026 |
ETF Fundamentals 
Source: EOD Historical Data • Updated Sep 29, 2026
Fund Basics
| Metric | Value |
|---|---|
| Fund Size (AUM) | $372.51M |
| Issuer | Calamos |
| Inception | Nov 19, 2025 |
Performance
| Period | Total Return |
|---|---|
| YTD | +14.43% |
Risk Metrics
| Metric | Value |
|---|---|
| 1Y Volatility | 0% |
| 3Y Volatility | 0% |
| 3Y Sharpe Ratio | 0 |
Top Sectors
| Sector | Weight |
|---|---|
| Basic Materials | 0.00% |
| Consumer Cyclicals | 0.00% |
| Financial Services | 0.00% |
| Real Estate | 0.00% |
Asset Allocation
Portfolio Characteristics
| Metric | Value |
|---|
Top Holdings
| Holding | Weight |
|---|---|
| Calamos Tax-Aware Collateral ET | 80.01% |
Upturn AI Summary
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
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