HECA vs CAIQ
Comparison between HEDGEYE CAPITAL ALLOCATION ETF (HECA, ETF) and Calamos Nasdaq Autocallable Income ETF (CAIQ, ETF).
HECA vs CAIQ - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
HECA
$287M
CAIQ
$286M
Expense Ratio
HECA
0.81%
Winner
CAIQ
0.74%
Max Drawdown
HECA
12.82%
Winner
CAIQ
11.94%
Sharpe Ratio
HECA
0.67
Winner
CAIQ
1.21
5Y Beta
Winner
HECA
0.43
CAIQ
0.89
HECA vs CAIQ - Historical Returns
Returns include dividend reinvestment.
1M
Winner
HECA
+2.66%
CAIQ
+2.47%
3M
Winner
HECA
+0.66%
CAIQ
-1.68%
6M
HECA
-9.10%
Winner
CAIQ
+10.43%
1Y
HECA
+12.16%
CAIQ
N/A
Max(CAGR)
HECA
+12.34%
Winner
CAIQ
+20.74%
HECA vs CAIQ - Annual Returns (2025 - 2026)
Returns include dividend reinvestment.
| Year | HECA | CAIQ |
|---|---|---|
| 2026 | +0.98% | +11.74% |
| 2025 | +12.83% | +4.02% |
HECA vs CAIQ Drawdown Comparison
The maximum drawdown for HECA was -12.82%, occurring on Jun 18, 2026. This drawdown has not yet recovered.
The maximum drawdown for CAIQ was -9.06%, occurring on Mar 30, 2026. Recovery took 52 trading sessions.
The current HECA drawdown is -9.10%. The current CAIQ drawdown is -2.25%.
| Rank | HECA | CAIQ |
|---|---|---|
| #1 | -12.82% Feb 25, 2026 - Jun 18, 2026 | -9.06% Jan 28, 2026 - Apr 14, 2026 |
| #2 | -5.01% Oct 15, 2025 - Jan 6, 2026 | -6.28% Jun 1, 2026 - Jul 29, 2026 |
| #3 | -3.39% Jan 28, 2026 - Feb 9, 2026 | -2.93% Dec 10, 2025 - Dec 24, 2025 |
| #4 | -3.35% Oct 8, 2025 - Oct 15, 2025 | -2.81% Jan 9, 2026 - Jan 27, 2026 |
| #5 | -2.34% Jul 23, 2025 - Aug 27, 2025 | -1.84% Dec 24, 2025 - Jan 9, 2026 |
| #6 | -1.15% Feb 13, 2026 - Feb 25, 2026 | -1.22% May 14, 2026 - May 22, 2026 |
| #7 | -1.02% Aug 28, 2025 - Sep 5, 2025 | -0.98% Apr 24, 2026 - Apr 30, 2026 |
| #8 | -0.80% Sep 22, 2025 - Sep 26, 2025 | -0.87% Apr 22, 2026 - Apr 24, 2026 |
| #9 | -0.68% Jul 3, 2025 - Jul 17, 2025 | -0.87% May 8, 2026 - May 14, 2026 |
| #10 | -0.63% Oct 6, 2025 - Oct 8, 2025 | -0.77% Apr 17, 2026 - Apr 22, 2026 |
| #11 | -0.63% Sep 8, 2025 - Sep 11, 2025 | -0.74% May 1, 2026 - May 6, 2026 |
| #12 | -0.61% Sep 15, 2025 - Sep 19, 2025 | -0.20% Dec 5, 2025 - Dec 9, 2025 |
| #13 | -0.58% Jan 16, 2026 - Jan 21, 2026 | -0.18% May 26, 2026 - May 29, 2026 |
| #14 | -0.57% Jan 22, 2026 - Jan 27, 2026 | -0.17% Nov 28, 2025 - Dec 2, 2025 |
| #15 | -0.57% Jan 6, 2026 - Jan 9, 2026 | -0.13% Dec 3, 2025 - Dec 5, 2025 |
Correlation
Correlation between HECA and CAIQ is -0.58 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.
-0.58
-101
Dividend Comparison (2025 - 2026)
HECA vs CAIQ dividend yield comparison.
| Year | HECA | CAIQ |
|---|---|---|
| 2026 | 0.00% | 10.33% |
| 2025 | 2.02% | 1.54% |
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