CAIQvsMUNAETF Comparison
VS
ETF 2
MUNA
Northern Trust 2030 Tax-Exempt Distributing Ladder ETF
This fund is part of
Municipal Bonds
-0.01%
Calamos Nasdaq Autocallable Income ETF (CAIQ) and Northern Trust 2030 Tax-Exempt Distributing Ladder ETF (MUNA) have similar underlying exposures to countries and sectors. CAIQ's top 1 sector exposures are Sovereign. In contrast, MUNA's top sector exposures are Municipal. CAIQ is more expensive with a Total Expense Ratio (TER) of 0.86%, versus 0.18% for MUNA. CAIQ is up 12.74% year-to-date (YTD) with +$306M in YTD flows. MUNA performs worse with 1.27% YTD performance, and +$2M in YTD flows. Run a side-by-side ETF comparison of CAIQ and MUNA below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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CAIQ vs MUNA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/08/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | CAIQ MUNA | +0.03%-0.09% | +0.47%+0.18% | +12.74%+1.27% | n/a+1.47% | n/an/a | n/an/a |
| Flows | CAIQ MUNA | +$44M- | +$140M+$3K | +$306M+$2M | -+$3M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | CAIQ MUNA | +11.70%+0.71% | n/a+0.87% | n/an/a | n/an/a |
| Max drawdown | CAIQ MUNA | -5.79%-0.41% | n/a-0.85% | n/an/a | n/an/a |
| Max drawdown duration | CAIQ MUNA | 58d32d | n/a97d | n/an/a | n/an/a |
Trading data
CAIQ | MUNA | |
Last sale 9/9/2026 at 1:30 PM | $25.46 | $99.69 |
| Previous close 09/08/2026 | $25.51 | $99.69 |
| Consolidated volume 09/08/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/9/2026 at 1:30 PM
Live
Closed
CAIQ | MUNA | |
|---|---|---|
| Last price | $25.46 | $99.69 |
| 1D performance | -0.19% | +0.00% |
| AuM | $342.84 M | $7.98 M |
| E/R | 0.86% | 0.18% |
Characteristics
CAIQ | MUNA | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Calamos Investments | FlexShares |
| Benchmark | - | - |
| N° of holdings | 2 | 32 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 20, 2025 | August 19, 2025 |
| ESG | No | No |
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Exposure
Countries
CAIQ
USA
14.84%
Other
85.16%
MUNA
USA
13.64%
Other
86.36%
Sectors
CAIQ
Sovereign
14.84%
Other
85.16%
MUNA
Municipal
13.64%
Other
86.36%
Diversification
CAIQ
Total weight of top 2 holdings out of 2
95.89%
MUNA
Total weight of top 15 holdings out of 15
18.39%
Top 15 holdings
Data as of July 31, 2026
CAIQ
US12811T5149
81.06%
USA, Bills 0% 7jan2027, USD (182D)
14.84%
MUNA
US213651MR06
2.07%
US64327TKP20
2.01%
US407287MS70
1.49%
US749845M592
1.26%
State of Ohio, 5% 1oct2027, USD (2019B)
1.14%
US564395TS05
1.14%
US662523P864
1.14%
US228485LT39
1.10%
US812643UL69
1.08%
Maryland, 5% 1aug2028, USD
1.05%
US735422NS20
1.01%
US425507HH68
1.00%
US577625T632
0.98%
US92937NDC56
0.97%
South Carolina Transportation Infrasructure Bank, 5% 1oct2026, USD (2021B)
0.95%
Frequently asked questions about CAIQ and MUNA
How have the CAIQ and MUNA ETFs performed in 2026?
As of September 8, 2026, CAIQ is up 12.74% year-to-date (YTD), while MUNA has returned 1.27%. That puts CAIQ better performer ahead so far this year.
Which ETF is attracting more investor money: CAIQ or MUNA?
Year-to-date, the CAIQ ETF saw +$306M in flows, compared to +$2M for MUNA.
Which ETF is bigger: CAIQ or MUNA?
As of September 8, 2026, CAIQ holds $342.84 M in assets under management (AUM), while MUNA manages $7.98 M.
What sectors do the CAIQ and MUNA ETFs invest in?
CAIQ leans toward sectors like Sovereign. Meanwhile, MUNA focuses on Municipal.
What are the top holdings of the CAIQ ETF and MUNA ETF?
CAIQ top holdings include US12811T5149 and USA, Bills 0% 7jan2027, USD (182D). MUNA holds in its top three: US213651MR06, US64327TKP20 and US407287MS70.
Which ETF is more diversified: CAIQ or MUNA?
CAIQ has 2 securities. MUNA has 227 securities and a top 15 weight of 18.39%.
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Latest news about CAIQ & MUNA
Ask the Manager: Dave Abner on the Rise of Distributing Ladder ETFs
February 10, 2026
MUNA
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Autocallables: The Next Generation of Equity Income ETFs
November 20, 2025
CAIQ
Autocallables: The Next Generation of Equity Income ETFs
November 20, 2025
CAIQ
ETF Strategies Explained for Dummies, Part 2 (With Examples)
January 1, 1970
CAIQ
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