PSQAvsCAIQETF Comparison
VS
Palmer Square CLO Senior Debt ETF (PSQA) and Calamos Nasdaq Autocallable Income ETF (CAIQ) have similar underlying exposures to countries and sectors. PSQA's top 1 sector exposures are Industrials. In contrast, CAIQ's top sector exposures are Sovereign. PSQA is less expensive with a Total Expense Ratio (TER) of 0.21%, versus 0.86% for CAIQ. PSQA is up 3.4% year-to-date (YTD) with +$136M in YTD flows. CAIQ performs better with 12.65% YTD performance, and +$304M in YTD flows. Run a side-by-side ETF comparison of PSQA and CAIQ below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
PSQA vs CAIQ performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/03/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PSQA CAIQ | +0.43%+1.84% | +1.23%-1.03% | +3.40%+12.65% | +5.21%n/a | n/an/a | n/an/a |
| Flows | PSQA CAIQ | +$32M+$55M | +$70M+$144M | +$136M+$304M | +$166M- | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PSQA CAIQ | +0.22%+12.24% | +0.45%n/a | n/an/a | n/an/a |
| Max drawdown | PSQA CAIQ | n/a-6.14% | -0.24%n/a | n/an/a | n/an/a |
| Max drawdown duration | PSQA CAIQ | n/a70d | 20dn/a | n/an/a | n/an/a |
Trading data
PSQA | CAIQ | |
Last sale 9/4/2026 at 1:30 PM | $20.70 | $25.55 |
| Previous close 09/03/2026 | $20.70 | $25.48 |
| Consolidated volume 09/03/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
Create an account to view replication metrics
Join for free
CAIQ
is actively managed and doesn’t replicate an indexPSQA | CAIQ | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 9/4/2026 at 1:30 PM
Live
Closed
PSQA | CAIQ | |
|---|---|---|
| Last price | $20.70 | $25.55 |
| 1D performance | -0.02% | +0.31% |
| AuM | $209.61 M | $340.66 M |
| E/R | 0.21% | 0.86% |
Characteristics
PSQA | CAIQ | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Palmer Square | Calamos Investments |
| Benchmark | Palmer Square CLO Senior Debt Index | - |
| N° of holdings | 18 | 2 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 11, 2024 | November 20, 2025 |
| ESG | No | No |
Advertisement
Exposure
Countries
PSQA
USA
16.83%
Other
83.17%
CAIQ
USA
14.84%
Other
85.16%
Sectors
PSQA
Industrials
16.83%
Other
83.17%
CAIQ
Sovereign
14.84%
Other
85.16%
Diversification
PSQA
Total weight of top 15 holdings out of 15
24.88%
CAIQ
Total weight of top 2 holdings out of 2
95.89%
Top 15 holdings
Data as of July 31, 2026
PSQA
Elmwood CLO 2025-1A, FRN 22apr2038, USD (ABS, A)
2.38%
US75884YAK47
2.26%
US12553DAS62
1.70%
US03768UAG40
1.70%
US64132TAU79
1.70%
US74971CAU71
1.70%
Magnetite CLO 2019-23A, FRN 25jan2035, USD (ABS, AR)
1.70%
Invesco US CLO 2023-1A, FRN 22apr2037, USD (ABS, AR2)
1.70%
US75884EAN22
1.70%
US675949AQ45
1.56%
US67402CBU99
1.42%
US03990HAA68
1.41%
AIMCO CLO 2026-27A, FRN 20apr2039, USD (ABS, A1)
1.41%
Octagon Investment Partners 2019-1A, FRN 22jan2035, USD (ABS, A1R)
1.30%
US381929AN88
1.26%
CAIQ
US12811T5149
81.06%
USA, Bills 0% 7jan2027, USD (182D)
14.84%
Frequently asked questions about PSQA and CAIQ
How have the PSQA and CAIQ ETFs performed in 2026?
As of September 3, 2026, PSQA is up 3.4% year-to-date (YTD), while CAIQ has returned 12.65%. That puts CAIQ better performer ahead so far this year.
Which ETF is attracting more investor money: PSQA or CAIQ?
Year-to-date, the PSQA ETF saw +$136M in flows, compared to +$304M for CAIQ.
Which ETF is bigger: PSQA or CAIQ?
As of September 3, 2026, PSQA holds $209.61 M in assets under management (AUM), while CAIQ manages $340.66 M.
What sectors do the PSQA and CAIQ ETFs invest in?
PSQA leans toward sectors like Industrials. Meanwhile, CAIQ focuses on Sovereign.
What are the top holdings of the PSQA ETF and CAIQ ETF?
PSQA top holdings include Elmwood CLO 2025-1A, FRN 22apr2038, USD (ABS, A), US75884YAK47 and US12553DAS62. CAIQ holds in its top three: US12811T5149 and USA, Bills 0% 7jan2027, USD (182D).
Which ETF is more diversified: PSQA or CAIQ?
PSQA holds 125 securities with 24.88% of its assets in the top 15. CAIQ has 2 securities.
Advertisement
Latest news about PSQA & CAIQ
Navigating Nasdaq-100 Volatility in 2026: Alternative Strategies with Income, Protection, and Upside Potential
January 22, 2026
CAIQ
Ask the Manager: Jordan Rosenfeld on CAIE Momentum, Investor Conviction and Market Impact
January 8, 2026
CAIQ
Autocallables: The Next Generation of Equity Income ETFs
November 20, 2025
CAIQ
Advertisement
ETF Strategies Explained for Dummies, Part 2 (With Examples)
January 1, 1970
CAIQ
ETF Strategies Explained for Dummies, Part 2 (With Examples)
January 1, 1970
CAIQ
Advertisement
