- CUSIP
- 88636J410
- Issuer
- Peerless ETFs
- Inception Date
- May 15, 2024
- Category
- Derivative Income
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $21M
Share Price Chart
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Performance
WEEL Performance Chart
Peerless Option Income Wheel ETF (WEEL) is up 4.0% since the beginning of the year. WEEL is currently trading at $20 per share.
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Returns By Period
Peerless Option Income Wheel ETF (WEEL) has returned 4.03% so far this year and 17.53% over the past 12 months.
Peerless Option Income Wheel ETF
- 1D
- -1.57%
- 1M
- -0.88%
- YTD
- 4.03%
- 6M
- 4.08%
- 1Y
- 17.53%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -2.64%
- 1M
- -0.21%
- YTD
- 7.86%
- 6M
- 7.47%
- 1Y
- 23.05%
- 3Y*
- 19.90%
- 5Y*
- 11.79%
- 10Y*
- 13.33%
WEEL Monthly Returns History
Based on dividend-adjusted daily data since May 16, 2024, WEEL's average daily return is +0.05%, while the average monthly return is +0.93%. At this rate, an investment would double in approximately 6.2 years.
Historically, 77% of months were positive and 23% were negative. The best month was May 2025 with a return of +4.6%, while the worst month was Dec 2024 at -3.7%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.
On a daily basis, WEEL closed higher 56% of trading days. The best single day was Apr 9, 2025 with a return of +8.9%, while the worst single day was Apr 4, 2025 at -5.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.63% | 1.03% | -1.84% | 4.33% | 1.44% | -1.51% | 4.03% | ||||||
| 2025 | 4.34% | -2.06% | -3.27% | -1.14% | 4.55% | 4.23% | 1.88% | 3.24% | 1.05% | 1.69% | 1.50% | 0.78% | 17.73% |
| 2024 | 0.18% | 0.72% | 1.43% | 0.27% | 2.13% | 0.81% | 1.54% | -3.67% | 3.33% |
Benchmark Metrics
Peerless Option Income Wheel ETF has an annualized alpha of 0.39%, beta of 0.68, and R2 of 0.74 versus S&P 500 Index. Calculated based on daily prices since May 17, 2024.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (59.01%) than losses (55.47%) - typical of diversified or defensive assets.
- Beta of 0.68 indicates this ETF moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 0.39%
- Beta
- 0.68
- R²
- 0.74
- Upside Capture
- 59.01%
- Downside Capture
- 55.47%
Expense Ratio
WEEL has a high expense ratio of 0.99%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
WEEL ranks 86 for risk / return — in the top 86% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Peerless Option Income Wheel ETF (WEEL) and compare them to S&P 500 Index.
| WEEL | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.36 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 4.19 | 2.69 | +1.50 |
| Martin ratioReturn relative to average drawdown | 20.25 | 12.34 | +7.91 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Peerless Option Income Wheel ETF provided a 12.60% dividend yield over the last twelve months, with an annual payout of $2.55 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $2.55 | $2.55 | $1.33 |
Dividend yield | 12.60% | 12.72% | 6.88% |
Monthly Dividends
The table displays the monthly dividend distributions for Peerless Option Income Wheel ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.60 | $0.00 | $0.00 | $0.00 | $0.60 | ||||||
| 2025 | $0.00 | $0.00 | $0.60 | $0.00 | $0.00 | $0.60 | $0.00 | $0.00 | $0.60 | $0.00 | $0.00 | $0.75 | $2.55 |
| 2024 | $0.60 | $0.00 | $0.00 | $0.73 | $1.33 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Peerless Option Income Wheel ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Peerless Option Income Wheel ETF was 17.45%, occurring on Apr 8, 2025. Recovery took 51 trading sessions.
The current Peerless Option Income Wheel ETF drawdown is 1.57%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -17.45%Apr 2025 | 1mo 26d | 2mo 16d | 4mo 12dFeb 2025 - Jun 2025 |
2024 pullback2024 | -4.83%Aug 2024 | 22d | 16d | 1mo 8dJul 2024 - Aug 2024 |
2024 pullback2024 | -4.61%Dec 2024 | 15d | 1mo 3d | 1mo 18dDec 2024 - Jan 2025 |
2026 pullback2026 | -4.60%Mar 2026 | 1mo 2d | 14d | 1mo 16dFeb 2026 - Apr 2026 |
2025 pullback2025 | -2.67%Nov 2025 | 8d | 5d | 13dNov 2025 - Nov 2025 |
Drawdown Indicators
| WEEL | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.45% | -56.78% | +39.33% |
Max Drawdown (1Y)Largest decline over 1 year | -4.60% | -9.10% | +4.50% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.57% | -2.97% | +1.40% |
Average DrawdownAverage peak-to-trough decline | -1.45% | -10.72% | +9.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 1.97% | -1.02% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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