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Peerless Option Income Wheel ETF (WEEL)
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ETF Info

CUSIP
88636J410
Inception Date
May 15, 2024
Leveraged
1x (No leverage)
Index Tracked
No Index (Active)
Distribution Policy
Distributing
Asset Class
Equity
Asset Class Size
Mid-Cap
Asset Class Style
Blend

Share Price Chart


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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Peerless Option Income Wheel ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


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S&P 500 Index

Returns By Period

Peerless Option Income Wheel ETF (WEEL) has returned -0.20% so far this year and 18.86% over the past 12 months.


Peerless Option Income Wheel ETF

1D
2.27%
1M
-1.84%
YTD
-0.20%
6M
3.81%
1Y
18.86%
3Y*
5Y*
10Y*

Benchmark (S&P 500 Index)

1D
2.91%
1M
-5.09%
YTD
-4.63%
6M
-2.39%
1Y
16.33%
3Y*
16.69%
5Y*
10.18%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since May 16, 2024, WEEL's average daily return is +0.04%, while the average monthly return is +0.87%. At this rate, your investment would double in approximately 6.7 years.

Historically, 78% of months were positive and 22% 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 55% 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%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20260.63%1.03%-1.84%-0.20%
20254.34%-2.06%-3.27%-1.14%4.55%4.23%1.88%3.24%1.05%1.69%1.50%0.78%17.73%
20240.18%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 2.65%, beta of 0.69, 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 (70.29%) than losses (54.57%) — typical of diversified or defensive assets.
  • This ETF generated an annualized alpha of 2.65% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
  • Beta of 0.69 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
2.65%
Beta
0.69
0.74
Upside Capture
70.29%
Downside Capture
54.57%

Expense Ratio

WEEL has a high expense ratio of 0.99%, indicating above-average management fees.


Return for Risk

Risk / Return Rank

WEEL ranks 71 for risk / return — better than 71% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.


WEEL Risk / Return Rank: 7171
Overall Rank
WEEL Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
WEEL Sortino Ratio Rank: 7171
Sortino Ratio Rank
WEEL Omega Ratio Rank: 8383
Omega Ratio Rank
WEEL Calmar Ratio Rank: 5454
Calmar Ratio Rank
WEEL Martin Ratio Rank: 8080
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Peerless Option Income Wheel ETF (WEEL) and compare them to a chosen benchmark (S&P 500 Index).


WEELBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

1.21

0.90

+0.32

Sortino ratio

Return per unit of downside risk

1.84

1.39

+0.45

Omega ratio

Gain probability vs. loss probability

1.33

1.21

+0.12

Calmar ratio

Return relative to maximum drawdown

1.46

1.40

+0.07

Martin ratio

Return relative to average drawdown

9.14

6.61

+2.53

Explore WEEL risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Dividends

Dividend History

Peerless Option Income Wheel ETF provided a 13.14% dividend yield over the last twelve months, with an annual payout of $2.55 per share.


7.00%8.00%9.00%10.00%11.00%12.00%13.00%$0.00$0.50$1.00$1.50$2.00$2.5020242025
Dividends
Dividend Yield
PeriodTTM20252024
Dividend$2.55$2.55$1.33

Dividend yield

13.14%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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.00$0.00$0.60$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 2.44%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-17.45%Feb 11, 202540Apr 8, 202551Jun 23, 202591
-4.83%Jul 16, 202417Aug 7, 202412Aug 23, 202429
-4.61%Dec 4, 202412Dec 19, 202419Jan 21, 202531
-4.6%Feb 26, 202623Mar 30, 2026
-2.67%Nov 12, 20257Nov 20, 20253Nov 25, 202510

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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