
Calamos Autocallable Growth ETF is the world's first Autocallable Growth ETF, and seeks to generate amplified long-term capital appreciation via synthetic exposure to a laddered portfolio of long-dated autocallable growth options, delivered via exposure to the MerQube US Large-Cap Vol Advantage Autocallable Growth Index (MQAUTOCG).
Is CAGE's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.

Back on June 25, 2025, Calamos Investments released the Calamos Autocallable Income ETF (CAIE). CAIE, which provides regular income and eventual principal through exposure to a laddered collection of autocallable yield notes, certainly turned more than a few heads when it first came to market.

Broadly speaking, most investors and advisors who have been trading for a while are well aware of the Rule of 72. The easy formula helps individuals estimate roughly how long it will take for their investment to double in value.

Considering the macroeconomic environment we currently find ourselves in, it's no surprise that many have looked to alternative strategies to potentially help augment the income or total return of their portfolio. This includes autocallable ETFs, which can provide a structured, streamlined means to tap into income through autocallable yield notes.

The Avantis CIBC All-Equity Asset Allocation ETF is a new, actively managed global equity ETF targeting the MSCI ACWI IMI Index. CAGE:CA's fund-of-funds structure and 30% Canadian equity allocation closely mirror established peers, offering little differentiation despite higher fees. Early performance has lagged competitors, with liquidity and bid/ask spreads posing additional challenges in the thinly traded Canadian ETF market.

On Thursday, April 16, Calamos Investments expanded its selection of autocallable ETF solutions with the launch of the Calamos Autocallable Growth ETF (CAGE). CAGE operates with a net expense ratio of 74 basis points.