CAIQ vs HECA

Comparison between Calamos Nasdaq Autocallable Income ETF (CAIQ, ETF) and HEDGEYE CAPITAL ALLOCATION ETF (HECA, ETF).

CAIQ vs HECA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CAIQ(ETF)	HECA(ETF)
Net Assets	$286M	$287M
Expense Ratio	0.74%	0.81%
Max Drawdown	11.94%	12.82%
Sharpe Ratio	1.21	0.67
5Y Beta	0.89	0.43

Net Assets

CAIQ

$286M

Winner

HECA

$287M

Expense Ratio

Winner

CAIQ

0.74%

HECA

0.81%

Max Drawdown

Winner

CAIQ

11.94%

HECA

12.82%

Sharpe Ratio

Winner

CAIQ

1.21

HECA

0.67

5Y Beta

CAIQ

0.89

Winner

HECA

0.43

CAIQ vs HECA - Historical Returns

Returns include dividend reinvestment.

Period	CAIQ	HECA
1 month	+2.47%	+2.66%
3 months	-1.68%	+0.66%
6 months	+10.43%	-9.10%
1 year	N/A	+12.16%
Max(CAGR)	+20.74%	+12.34%

CAIQ

+2.47%

Winner

HECA

+2.66%

CAIQ

-1.68%

Winner

HECA

+0.66%

Winner

CAIQ

+10.43%

HECA

-9.10%

CAIQ

N/A

HECA

+12.16%

Max(CAGR)

Winner

CAIQ

+20.74%

HECA

+12.34%

CAIQ vs HECA - Annual Returns (2025 - 2026)

Returns include dividend reinvestment.

Year	CAIQ	HECA
2026	+11.74%	+0.98%
2025	+4.02%	+12.83%

CAIQ vs HECA Drawdown Comparison

The maximum drawdown for CAIQ was -9.06%, occurring on Mar 30, 2026. Recovery took 52 trading sessions.

The maximum drawdown for HECA was -12.82%, occurring on Jun 18, 2026. This drawdown has not yet recovered.

The current CAIQ drawdown is -2.25%. The current HECA drawdown is -9.10%.

Rank	CAIQ	HECA
#1	-9.06% Jan 28, 2026 - Apr 14, 2026	-12.82% Feb 25, 2026 - Jun 18, 2026
#2	-6.28% Jun 1, 2026 - Jul 29, 2026	-5.01% Oct 15, 2025 - Jan 6, 2026
#3	-2.93% Dec 10, 2025 - Dec 24, 2025	-3.39% Jan 28, 2026 - Feb 9, 2026
#4	-2.81% Jan 9, 2026 - Jan 27, 2026	-3.35% Oct 8, 2025 - Oct 15, 2025
#5	-1.84% Dec 24, 2025 - Jan 9, 2026	-2.34% Jul 23, 2025 - Aug 27, 2025
#6	-1.22% May 14, 2026 - May 22, 2026	-1.15% Feb 13, 2026 - Feb 25, 2026
#7	-0.98% Apr 24, 2026 - Apr 30, 2026	-1.02% Aug 28, 2025 - Sep 5, 2025
#8	-0.87% Apr 22, 2026 - Apr 24, 2026	-0.80% Sep 22, 2025 - Sep 26, 2025
#9	-0.87% May 8, 2026 - May 14, 2026	-0.68% Jul 3, 2025 - Jul 17, 2025
#10	-0.77% Apr 17, 2026 - Apr 22, 2026	-0.63% Oct 6, 2025 - Oct 8, 2025
#11	-0.74% May 1, 2026 - May 6, 2026	-0.63% Sep 8, 2025 - Sep 11, 2025
#12	-0.20% Dec 5, 2025 - Dec 9, 2025	-0.61% Sep 15, 2025 - Sep 19, 2025
#13	-0.18% May 26, 2026 - May 29, 2026	-0.58% Jan 16, 2026 - Jan 21, 2026
#14	-0.17% Nov 28, 2025 - Dec 2, 2025	-0.57% Jan 22, 2026 - Jan 27, 2026
#15	-0.13% Dec 3, 2025 - Dec 5, 2025	-0.57% Jan 6, 2026 - Jan 9, 2026

Correlation

Correlation between CAIQ and HECA is -0.58 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.58

-101