CAIQ vs LALT
Comparison between Calamos Nasdaq Autocallable Income ETF (CAIQ, ETF) and FIRST TRUST MULTI-STRATEGY ALTERNATIVE ETF (LALT, ETF).
CAIQ vs LALT - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
CAIQ
$248M
LALT
$248M
Expense Ratio
Winner
CAIQ
0.74%
LALT
1.18%
Max Drawdown
CAIQ
11.94%
Winner
LALT
7.22%
Sharpe Ratio
CAIQ
1.37
Winner
LALT
1.79
5Y Beta
CAIQ
0.88
Winner
LALT
0.20
CAIQ vs LALT - Historical Returns
Returns include dividend reinvestment.
1M
CAIQ
-1.93%
Winner
LALT
-0.05%
3M
Winner
CAIQ
+4.53%
LALT
-1.00%
6M
Winner
CAIQ
+11.46%
LALT
+5.54%
1Y
CAIQ
N/A
LALT
+16.63%
Max(CAGR)
Winner
CAIQ
+23.14%
LALT
+8.39%
CAIQ vs LALT - Annual Returns (2023 - 2026)
Returns include dividend reinvestment.
| Year | CAIQ | LALT |
|---|---|---|
| 2026 | +11.19% | +8.62% |
| 2025 | +4.02% | +10.43% |
| 2024 | N/A | +8.52% |
| 2023 | N/A | +0.88% |
CAIQ vs LALT Drawdown Comparison
The maximum drawdown for CAIQ was -9.06%, occurring on Mar 30, 2026. Recovery took 52 trading sessions.
The maximum drawdown for LALT was -6.97%, occurring on Apr 8, 2025. Recovery took 107 trading sessions.
The current CAIQ drawdown is -2.73%. The current LALT drawdown is -2.55%.
| Rank | CAIQ | LALT |
|---|---|---|
| #1 | -9.06% Jan 28, 2026 - Apr 14, 2026 | -6.97% Feb 13, 2025 - Jul 21, 2025 |
| #2 | -3.78% Jun 1, 2026 - Jul 20, 2026 | -3.81% Sep 14, 2023 - Feb 7, 2024 |
| #3 | -2.93% Dec 10, 2025 - Dec 24, 2025 | -3.72% May 13, 2026 - Jun 26, 2026 |
| #4 | -2.81% Jan 9, 2026 - Jan 27, 2026 | -2.87% Mar 12, 2026 - Apr 10, 2026 |
| #5 | -1.84% Dec 24, 2025 - Jan 9, 2026 | -2.72% Jan 29, 2026 - Feb 25, 2026 |
| #6 | -1.22% May 14, 2026 - May 22, 2026 | -2.42% Apr 3, 2024 - Jul 3, 2024 |
| #7 | -0.98% Apr 24, 2026 - Apr 30, 2026 | -1.95% Jul 16, 2024 - Sep 19, 2024 |
| #8 | -0.87% Apr 22, 2026 - Apr 24, 2026 | -1.83% Apr 13, 2023 - Jul 18, 2023 |
| #9 | -0.87% May 8, 2026 - May 14, 2026 | -1.65% Dec 11, 2024 - Jan 15, 2025 |
| #10 | -0.77% Apr 17, 2026 - Apr 22, 2026 | -1.59% Nov 11, 2025 - Jan 5, 2026 |
| #11 | -0.74% May 1, 2026 - May 6, 2026 | -1.43% Jul 26, 2023 - Aug 29, 2023 |
| #12 | -0.20% Dec 5, 2025 - Dec 9, 2025 | -1.41% Mar 6, 2023 - Apr 4, 2023 |
| #13 | -0.18% May 26, 2026 - May 29, 2026 | -1.29% Oct 8, 2025 - Oct 15, 2025 |
| #14 | -0.17% Nov 28, 2025 - Dec 2, 2025 | -1.23% Oct 20, 2025 - Nov 10, 2025 |
| #15 | -0.13% Dec 3, 2025 - Dec 5, 2025 | -1.14% Jul 29, 2025 - Aug 8, 2025 |
Correlation
Correlation between CAIQ and LALT is 0.59 which considered as a moderate positive correlation - the stocks show some tendency to move together.
0.59
-101
Dividend Comparison (2023 - 2026)
CAIQ vs LALT dividend yield comparison.
| Year | CAIQ | LALT |
|---|---|---|
| 2026 | 8.76% | 2.39% |
| 2025 | 1.54% | 2.03% |
| 2024 | 0.00% | 2.06% |
| 2023 | 0.00% | 2.44% |
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