AZYY vs. WEEL
AZYY (GraniteShares YieldBoost AMZN ETF) and WEEL (Peerless Option Income Wheel ETF) are both Derivative Income funds. Both are actively managed. At a 0.40 correlation, their price movements are largely independent. AZYY charges 1.07%/yr vs 0.99%/yr for WEEL.
Performance
AZYY vs. WEEL - Performance Comparison
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Returns By Period
In the year-to-date period, AZYY achieves a -5.17% return, which is significantly lower than WEEL's 4.03% return.
AZYY
- 1D
- -0.85%
- 1M
- -5.83%
- YTD
- -5.17%
- 6M
- -3.02%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WEEL
- 1D
- -1.57%
- 1M
- -0.92%
- YTD
- 4.03%
- 6M
- 4.08%
- 1Y
- 19.20%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AZYY vs. WEEL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AZYY GraniteShares YieldBoost AMZN ETF | -5.17% | -5.33% |
WEEL Peerless Option Income Wheel ETF | 4.03% | 4.73% |
Correlation
The correlation between AZYY and WEEL is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 17, 2025 | 0.40 |
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Return for Risk
AZYY vs. WEEL — Risk / Return Rank
AZYY
WEEL
AZYY vs. WEEL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBoost AMZN ETF (AZYY) and Peerless Option Income Wheel ETF (WEEL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| AZYY | WEEL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.37 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.64 | 0.95 | -1.59 |
Drawdowns
AZYY vs. WEEL - Drawdown Comparison
The maximum AZYY drawdown since its inception was -23.12%, which is greater than WEEL's maximum drawdown of -17.45%. Use the drawdown chart below to compare losses from any high point for AZYY and WEEL.
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Drawdown Indicators
| AZYY | WEEL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.12% | -17.45% | -5.67% |
Max Drawdown (1Y)Largest decline over 1 year | — | -4.60% | — |
Current DrawdownCurrent decline from peak | -15.06% | -1.57% | -13.49% |
Average DrawdownAverage peak-to-trough decline | -12.11% | -1.45% | -10.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.95% | — |
Volatility
AZYY vs. WEEL - Volatility Comparison
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Volatility by Period
| AZYY | WEEL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.44% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 6.06% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 21.92% | 8.15% | +13.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.92% | 12.86% | +9.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.92% | 12.86% | +9.06% |
AZYY vs. WEEL - Expense Ratio Comparison
AZYY has a 1.07% expense ratio, which is higher than WEEL's 0.99% expense ratio.
Dividends
AZYY vs. WEEL - Dividend Comparison
AZYY's dividend yield for the trailing twelve months is around 44.15%, more than WEEL's 12.60% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
AZYY GraniteShares YieldBoost AMZN ETF | 44.15% | 15.86% | 0.00% |
WEEL Peerless Option Income Wheel ETF | 12.60% | 12.72% | 6.88% |
Frequently Asked Questions
AZYY and WEEL have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WEEL is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WEEL is cheaper with a 0.99% expense ratio, compared with 1.07% for AZYY.
AZYY has the higher dividend yield at 44.15%, compared with 12.60% for WEEL.
They also come from different issuers: GraniteShares and Peerless ETFs. Their fees differ too: 1.07% for AZYY and 0.99% for WEEL.
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