Calamos Autocallable Income ETF (CAIE) — Stock Correlations & Overview
Over the past year, CAIE has moved most closely with GPIX, SPYT, BALI. Explore the stocks most correlated and inversely correlated with CAIE below, along with its price, financials, and company profile.
Stocks correlated with CAIE
Correlation of daily returns. Higher positive values move with CAIE; negative values move opposite it. Informational only, not investment advice.
Most correlated with CAIE
| Symbol | Company | Correlation |
|---|---|---|
| GPIX | Goldman Sachs ETF Trust Goldman Sachs S&P 500 Premium Income ETF | 0.93 |
| SPYT | Defiance S&P 500 Income Target ETF | 0.93 |
| BALI | iShares U.S. Large Cap Premium Income Active ETF | 0.90 |
| TOT | LionShares U.S. Equity Total Return ETF | 0.88 |
| STEN | iShares Large Cap 10% Target Buffer Sep ETF | 0.88 |
Frequently asked questions about CAIE correlations
- Which stocks are most correlated with CAIE?
- Based on one year of daily returns, the stocks most correlated with Calamos Autocallable Income ETF (CAIE) are GPIX (0.93), SPYT (0.93) and BALI (0.90). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with CAIE?
- Over the past year, the stocks most inversely correlated with Calamos Autocallable Income ETF (CAIE) are SPXU (-0.88), SDS (-0.87) and SPXS (-0.87). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these CAIE correlations calculated?
- We compute the correlation of daily returns between CAIE and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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