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Upturn AI Summary
Calamos Alternative Nasdaq & Bond ETF(CANQ)
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 CANQ
10/08/2026: CANQ (2-star) is currently NOT-A-BUY. Pass it for now.
The Calamos Alternative Nasdaq & Bond ETF (CANQ) offers a hybrid investment strategy, blending exposure to the high-growth Nasdaq-100 with a tactical fixed-income sleeve. By actively managing these components, the fund aims to provide equity growth while mitigating downside risk, making it an attractive tool for investors seeking a more defensive way to hold technology stocks. Its primary strengths lie in the experienced active management by Calamos and its ability to adjust asset allocations dynamically. However, investors should be mindful of the higher expense ratio and the potential for the strategy to underperform during pure bull market runs. It is best suited for long-term investors who prioritize risk-adjusted returns over simple index replication and are willing to monitor the fund's tactical performance over time.
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 | Strong fit | Provides core exposure to high-growth Nasdaq-100 companies. |
| Momentum investor | Mixed fit | The active management and defensive overlay may dampen the full capture of rapid upward momentum. |
| Value investor | Weak fit | The reliance on Nasdaq-100 components generally results in a portfolio with higher growth-oriented valuations. |
| Dividend/Income investor | Mixed fit | The bond component provides some income, but the primary focus remains on total return rather than yield. |
| Low-risk investor | Mixed fit | The integrated bond and risk management strategy lowers volatility compared to pure equity, but it still carries significant equity market risk. |
Investor Profile
Ideal Investor Profile
Investors seeking Nasdaq-100 exposure but who are concerned about potential market downturns and want an active manager to navigate volatility.
Suitability
Best suited for long-term investors looking for a balanced, active approach rather than day traders or passive index followers.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | Medium / high | The Nasdaq-100 exposure inherently introduces significant price swings. |
| Market risk | Medium / high | The fund is highly sensitive to macroeconomic shifts impacting technology equities and interest rates. |
| Concentration | High | The Nasdaq-100 is top-heavy, leading to significant exposure to a few large-cap technology firms. |
| Tracking/expense | Medium | Active management entails higher costs and the risk that the strategy may underperform a passive blend. |
| Liquidity | Medium | Lower volumes compared to giant ETFs can lead to wider spreads. |
| Business/sector quality | Low | The underlying Nasdaq companies are generally high-quality but highly valued. |
Risk Analysis
Volatility
CANQ exhibits moderate to high volatility linked to the performance of its Nasdaq-100 equity holdings.
Market Risk
The fund faces significant systemic risk from the equity market and interest rate sensitivity inherent in its fixed-income component.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Equity | Nasdaq-100 Index Components | 60 | Provides growth potential by tracking the performance of the 100 largest non-financial companies listed on the Nasdaq. |
| Fixed-income type | Investment Grade Corporate and Government Bonds | 35 | Acts as a stabilizer to the portfolio, providing income and potential downside protection during equity market pullbacks. |
| Cash/collateral | Cash and Cash Equivalents | 5 | Maintains liquidity for tactical allocation adjustments and operational requirements. |
Price Behavior
Steady Uptrend
The stock demonstrates consistent and steady upward price momentum.
Very Smooth
The stock has followed a highly orderly price path with minimal short-term disruption.
Analysis of Past Performance
Type ETF | Historic Profit 25.25% | Avg. Invested days 72 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  5.0 | ETF Returns Performance  4.0 |
| Profits based on simulation | Last Close 10/08/2026 |
ETF Fundamentals 
Source: EOD Historical Data • Updated Oct 8, 2026
Fund Basics
| Metric | Value |
|---|---|
| Fund Size (AUM) | $20.69M |
| Issuer | Calamos |
| Expense Ratio | 0.8999999999999999% |
| Distribution Yield | 4.22% |
| Inception | Feb 12, 2024 |
Performance
| Period | Total Return |
|---|---|
| YTD | +2.19% |
| 1 Year | +1.97% |
Risk Metrics
| Metric | Value |
|---|---|
| 1Y Volatility | 13.31% |
| 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 |
|---|---|
| Portfolio P/E | 33.64x |
| Portfolio P/B | 2.73x |
| Portfolio P/S | 2.7x |
| Holdings Turnover | 0.0% |
Top Holdings
| Holding | Weight |
|---|---|
| Simplify MBS ETF | 23.96% |
| Vanguard Whitehall Funds - Vanguard Emerging Markets Government Bond ETF | 21.32% |
| SPDR ICE BofAML Broad High Yield Bond ETF | 14.88% |
| Janus Detroit Street Trust - Janus Henderson AAA CLO ETF | 11.39% |
| Schwab 1-5 Year Corporate Bond ETF | 4.44% |
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.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.
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