Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
How It Works 
News - Chart
- Upturn Summary
- Fund Details
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
10/28/2026: CANQ (2-star) is currently NOT-A-BUY. Pass it for now.
Calamos Alternative Nasdaq & Bond ETF (CANQ) provides a balanced investment approach by combining Nasdaq-100 equity exposure with a fixed-income component and active options hedging. It offers investors a way to participate in technology-led growth while seeking to mitigate volatility and generate consistent income. While it carries the risk of tech-sector concentration and derivative complexity, it is designed for those who prefer active tactical management over passive indexing. Investors should monitor the fund’s options strategy performance and tech-sector health, making it most suitable for those seeking a moderated-risk growth and income solution.
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 | Mixed fit | The hedging component may cap potential upside compared to a pure Nasdaq-100 index fund. |
| Momentum investor | Strong fit while signal remains positive | The fund participates in the Nasdaq trend but uses active management to protect against momentum reversals. |
| Value investor | Weak fit | The fund's reliance on Nasdaq-100 exposure is generally tilted toward growth stocks rather than value factors. |
| Dividend/Income investor | Strong fit | The strategy is designed to generate income through bond yields and potentially option premiums. |
| Low-risk investor | Mixed fit | While it seeks to mitigate volatility, the exposure to Nasdaq-100 equities carries inherent equity risk. |
Investor Profile
Ideal Investor Profile
Investors seeking Nasdaq exposure with an interest in risk management and income generation who are willing to accept active management complexity.
Suitability
Best suited for medium-to-long-term investors looking for a core-satellite position that manages downside risk more actively than a passive portfolio.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | Medium / high | The Nasdaq-100 component is inherently volatile, even with hedging measures. |
| Market risk | High | A significant decline in equity markets will negatively impact the fund's net asset value. |
| Concentration | Medium | The fund's focus on Nasdaq-linked assets creates concentration risk in the technology sector. |
| Tracking/expense | Medium | Active management and options hedging can lead to tracking differences versus benchmarks. |
| Liquidity | Low | The underlying assets are generally liquid, reducing the risk of difficult exits. |
| Business/sector quality | Medium | The technology sector's performance heavily dictates the outcome of the equity portion. |
Risk Analysis
Volatility
CANQ aims for lower volatility than a pure Nasdaq-100 index fund, but remains subject to the inherent swings of its underlying equity exposure.
Market Risk
The primary risk is a downturn in the tech-heavy Nasdaq-100, which the fund attempts to mitigate through bonds and derivatives but cannot eliminate.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Equity | Nasdaq-100 correlated instruments | 50 | This component provides growth exposure to the technology-heavy Nasdaq-100 index. |
| Fixed-income type | Investment grade and high yield bonds | 40 | The bond allocation is intended to provide income and stability to the total portfolio. |
| Derivatives | Options and hedging instruments | 10 | These instruments are used to manage volatility, hedge downside risk, or generate additional income. |
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 10/28/2026 |
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.
All company names, trademarks, logos, and brands are the property of their respective owners and are used for identification and informational purposes only. Use of these names, trademarks, and logos does not imply endorsement by their respective owners.