A new contender is willing to challenge other ETFs to a cage match.

That’s the Calamos Autocallable Growth ETF (CAGE), of course, whose index the company said has absolutely smashed broad-market index funds (at least for theoretical investors who had adequate time on their hands). It’s the newest entrant in the firm’s autocallable line of exchange-traded funds, which package notes of varying maturities. The company was the first to bring an autocallable ETF to the market with its nearly $1 billion Calamos Autocallable Income ETF (CAIE) last June. A few other companies have since followed, but the new CAGE fund is the first to take autocallables into growth territory. 

“If you’ve got time on your side, a kitschy line is:…