ETF Evaluator:
Calamos Nasdaq® Equity & Income ETF ()
Follow This ETF
(as of Aug 24)
Best Performing in Miscellaneous Allocation Over the Last Year
| 8.0% | Calamos Nasdaq® Equity & Income ETF (CANQ) |
| 7.7% | Fidelity Real Estate Income ETF (FREI) |
| 4.7% | Miscellaneous Allocation () |
| -1.5% | CYBER HORNET S&P500 Bitcoin 75/25StgyETF (BBB) |
| 0.0% | T. Rowe Price Capital Appre Mkt Opps ETF (TPUT) |
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ETF Details
Calamos Nasdaq® Equity & Income ETF Overview
Calamos Nasdaq® Equity & Income ETF (CANQ) is an actively managed Allocation Miscellaneous Allocation exchange-traded fund (ETF). Calamos launched the ETF in 2024.
The investment seeks attractive risk-adjusted total return through capital appreciation and current income.
The fund pursues its objective by investing, under normal circumstances, at least 80%, but up to 100%, of its net assets (plus borrowings for investment purposes, if any) in a portfolio of equity instruments (including options and equity ETFs) and fixed income instruments (including bonds and fixed income ETFs) intended to deliver convertible security-like exposure to companies in the Nasdaq-100 Index. The fund is non-diversified.
About Calamos Nasdaq® Equity & Income ETF (CANQ)
There are 2 members of the management team with an average tenure of 2.47 years: Shaheen Iqubal (2024) and R. Matthew Freund (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
Calamos Nasdaq® Equity & Income ETF has 29 securities in its portfolio. The top 10 holdings constitute 86.6% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Calamos Nasdaq® Equity & Income ETF is part of the Allocation global asset class and is within the Allocation ETF group. Calamos Nasdaq® Equity & Income ETF has 30.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 16.6% There is 0.2% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 73.3% (42.8% domestic bond, 30.6% foreign bond and 0.0% convertible bond). Calamos Nasdaq® Equity & Income ETF has 9.9% of the portfolio in cash.
Assets Under Management
The fund has $21 million in total assets, which is above the $16 million average for the Miscellaneous Allocation category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
CANQ Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Calamos Nasdaq® Equity & Income ETF expense ratio is high compared to funds in the Miscellaneous Allocation category. Calamos Nasdaq® Equity & Income ETF has an expense ratio of 0.94%, which is 4% higher than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Calamos Nasdaq® Equity & Income ETF has a portfolio turnover rate of 27%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 99% for the Miscellaneous Allocation category.
Recently, in the month of July 2026, Calamos Nasdaq® Equity & Income ETF returned -1.8%, which earned it a grade of F, as the Miscellaneous Allocation category had an average return of 0.0%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Calamos Nasdaq® Equity & Income ETF has a trailing yield of 4.27%, which is above the 2.22% category average.
The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Calamos Nasdaq® Equity & Income ETF Grades
Year to date, the ETF has returned 3.1%, 0.9 percentage points better than the category, which translates into a grade of B. The fund has returned 8.0% over the past year (grade of A).
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CANQ Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| CANQ Return (NAV) | -1.8% | 0.7% | 8.0% | na | na | na |
| CANQ Return (Price) | -1.8% | 0.7% | 7.8% | na | na | na |
| NAV +/- Price Return | -0.060% | -0.057% | 0.170% | na | na | na |
| Miscellaneous Allocation Avg | 0.0% | 0.0% | 4.7% | 7.9% | 3.2% | 5.2% |
| CANQ Grade (NAV) | F | B | A | na | na | na |
| +/- Category (NAV) | -1.8% | 0.6% | 3.2% | na | na | na |
| CANQ Tax-Cost Ratio | na | na | 1.9% | na | na | na |
CANQ Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| CANQ Return (NAV) | 3.1% | 11.6% | na | na | na | na | na | na | na | na | na |
| CANQ Return (Price) | 2.8% | 11.7% | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.101% | 0.011% | na | na | na | na | na | na | na | na | na |
| Miscellaneous Allocation Avg | 2.2% | 9.4% | 23.5% | 9.3% | -14.5% | 18.9% | -1.1% | 17.9% | -0.6% | 7.3% | 10.2% |
| CANQ Grade (NAV) | B | A | na | na | na | na | na | na | na | na | na |
| +/- Category | 0.9% | 2.1% | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 4.3% |
| Total Assets: | $ 21 Mil |
| Share Class Assets: | $ 21 Mil |
| Turnover: | 27.0% |
| Expense Ratio: | 0.94% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 2.5 years | |||
| Average Tenure: 2.5 years | |||
| Managers (Year): Iqubal Shaheen (2024), Freund R. Matthew (2024) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 29 |
| % in Top 10 Holdings: | 86.6% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 30.7% |
Portfolio Allocation |
|
| Domestic Stock: | 16.6% |
| Foreign Stock: | 0.2% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 42.8% |
| Foreign Bond: | 30.6% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 9.9% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Calamos |
| Phone Number: | 866-363-9219 |
| Website: | |
| Inception Date: | February 12, 2024 |
Expenses and Fees
| Expense Ratio (%): | 0.94% (Rating: High) |
| Category Average Expense Ratio (%): | 0.90% |
