Peerless Option Income Wheel ETF (WEEL) Alternatives
Peerless Option Income Wheel ETF (WEEL) belongs to the Derivative Income category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with WEEL. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.
Cheapest Alternatives to WEEL
WEEL charges 0.99% annually. Among ETFs in the Derivative Income category, these options have the lowest expense ratios among WEEL alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| iShares S&P 500 BuyWrite ETF | 0.25% | Mar 14, 2024 | WEEL vs IVVW | |
| State Street US Equity Premium Income ETF | 0.25% | Sep 5, 2024 | WEEL vs SPIN | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | Apr 9, 2024 | WEEL vs FYEE | |
| Parametric Equity Premium Income ETF | 0.29% | Oct 16, 2023 | WEEL vs PAPI | |
| Invesco S&P 500 BuyWrite ETF | 0.29% | Dec 20, 2007 | WEEL vs PBP |
Best Risk-Adjusted Alternatives to WEEL
Among ETFs in the Derivative Income category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.
| Symbol | Name | Risk / Return Rank | Inception | |
|---|---|---|---|---|
| YieldMax GOOGL Option Income Strategy ETF | 97 | Jul 27, 2023 | WEEL vs GOOY | |
| YieldMax TSM Option Income Strategy ETF | 96 | Aug 20, 2024 | WEEL vs TSMY | |
| Kurv Yield Premium Strategy Google ETF | 92 | Oct 30, 2023 | WEEL vs GOOP | |
| Amplify CWP Enhanced Dividend Income ETF | 80 | Dec 13, 2016 | WEEL vs DIVO | |
| Defiance Oil Enhanced Options Income ETF | 80 | May 9, 2024 | WEEL vs USOY |
Top Performing WEEL Alternatives (YTD)
WEEL alternatives from the Derivative Income category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| Defiance Oil Enhanced Options Income ETF | 60.22% | May 9, 2024 | WEEL vs USOY | |
| YieldMax MRNA Option Income Strategy ETF | 57.12% | Oct 23, 2023 | WEEL vs MRNY | |
| YieldMax XOM Option Income Strategy ETF | 28.99% | Aug 30, 2023 | WEEL vs XOMO | |
| YieldMax Short TSLA Option Income Strategy ETF | 20.49% | May 1, 2024 | WEEL vs CRSH | |
| Roundhill COST WeeklyPay ETF | 17.20% | Oct 23, 2025 | WEEL vs COSW |
Lowest Volatility Alternatives to WEEL
WEEL alternatives from the Derivative Income category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| Global X NASDAQ 100 ESG Covered Call ETF | 0.00% | Feb 21, 2023 | WEEL vs QYLE | |
| Dividend Performers ETF | 0.00% | Dec 24, 2018 | WEEL vs IPDP | |
| FT Vest Investment Grade & Target Income ETF | 6.23% | Feb 11, 2025 | WEEL vs LQTI | |
| Global X S&P 500 Risk Managed Income ETF | 6.88% | Aug 25, 2021 | WEEL vs XRMI | |
| Global X NASDAQ 100 Risk Managed Income ETF | 7.74% | Aug 25, 2021 | WEEL vs QRMI |
Lowest Drawdown Alternatives to WEEL
WEEL alternatives from the Derivative Income category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| FT Vest Investment Grade & Target Income ETF | -3.41% | Feb 11, 2025 | WEEL vs LQTI | |
| Global X S&P 500 Risk Managed Income ETF | -5.02% | Aug 25, 2021 | WEEL vs XRMI | |
| Global X NASDAQ 100 Risk Managed Income ETF | -5.04% | Aug 25, 2021 | WEEL vs QRMI | |
| Kensington Hedged Premium Income ETF | -6.55% | Sep 4, 2024 | WEEL vs KHPI | |
| T. Rowe Price Capital Appreciation Premium Income ... | -7.24% | Mar 26, 2025 | WEEL vs TCAL |
Often Compared With WEEL
What investors most often compare with WEEL, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| NEOS S&P 500 High Income ETF | Derivative Income, S&P 500 | 69 | -3.13% | Aug 29, 2022 | WEEL vs SPYI | |
| NEOS Nasdaq-100 High Income ETF | Derivative Income | 72 | -4.41% | Jan 29, 2024 | WEEL vs QQQI | |
| Invesco S&P 500 Revenue ETF | S&P 500 | 71 | 0.74% | Feb 19, 2008 | WEEL vs RWL | |
| Roundhill ETF Trust - Roundhill N-100 0DTE Covered... | Large Cap Blend Equities | 60 | -5.34% | Mar 6, 2024 | WEEL vs QDTE | |
| State Street SPDR S&P 500 ETF | S&P 500 | 64 | -4.37% | Jan 22, 1993 | WEEL vs SPY | |
| NEOS Russell 2000 High Income ETF | Derivative Income | 78 | 0.93% | Jun 24, 2024 | WEEL vs IWMI | |
| Amplify CWP Growth & Income ETF | Derivative Income | 74 | -5.75% | Aug 22, 2024 | WEEL vs QDVO |
Compare WEEL with Any Fund or Stock
Compare WEEL with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.