BABW vs. WEEL

Last updated Aug 5, 2026

BABW (Roundhill BABA WeeklyPay ETF) and WEEL (Peerless Option Income Wheel ETF) are both Derivative Income funds. Both are actively managed. Their 0.40 correlation means their historical movements had little consistent relationship. Both charge a 0.99% expense ratio.

Performance

BABW vs. WEEL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill BABA WeeklyPay ETF (BABW) and Peerless Option Income Wheel ETF (WEEL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BABW achieves a -16.68% return, which is significantly lower than WEEL's 7.84% return.

BABW

• 1D: 1.55%
• 1M: 40.41%
• 6M: -26.50%
• YTD: -16.68%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

WEEL

• 1D: 0.89%
• 1M: 2.86%
• 6M: 7.09%
• YTD: 7.84%
• 1Y: 17.76%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.90%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BABW Roundhill BABA WeeklyPay ETF	$110.31K	$74.82K	$59.98K
WEEL Peerless Option Income Wheel ETF	$431.81K	$327.30K	$363.04K

BABW vs. WEEL - Yearly Performance Comparison

	2026 (YTD)	2025
BABW Roundhill BABA WeeklyPay ETF	-16.68%	-16.98%
WEEL Peerless Option Income Wheel ETF	7.84%	3.03%

Correlation

The correlation between BABW and WEEL is 0.40, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 23, 2025	0.40

Return for Risk

BABW vs. WEEL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BABW

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

WEEL

WEEL Risk / Return Rank: 87
WEEL Sharpe Ratio Rank: 81
WEEL Sortino Ratio Rank: 87
WEEL Omega Ratio Rank: 86
WEEL Calmar Ratio Rank: 88
WEEL Martin Ratio Rank: 92

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BABW vs. WEEL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill BABA WeeklyPay ETF (BABW) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BABW	WEEL	Difference
Sharpe ratio: Return per unit of total volatility	—	2.08	—
Sortino ratio: Return per unit of downside risk	—	3.19	—
Omega ratio: Gain probability vs. loss probability	—	1.41	—
Calmar ratio: Return relative to maximum drawdown	—	3.88	—
Martin ratio: Return relative to average drawdown	—	17.54	—

Drawdowns

BABW vs. WEEL - Drawdown Comparison

The maximum BABW drawdown since its inception was -54.76%, which is greater than WEEL's maximum drawdown of -17.45%. Use the drawdown chart below to compare losses from any high point for BABW and WEEL.

Drawdown Indicators

	BABW	WEEL	Difference
Max Drawdown Largest peak-to-trough decline	-54.76%	-17.45%	-37.31%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.60%	—
Current Drawdown Current decline from peak	-35.40%	0.00%	-35.40%
Average Drawdown Average peak-to-trough decline	-27.02%	-1.40%	-25.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.02%	—

Volatility

Volatility by Period

	BABW	WEEL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.60%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.97%	—
Volatility (1Y) Calculated over the trailing 1-year period	50.46%	8.60%	+41.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.46%	12.65%	+37.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.46%	12.65%	+37.81%

BABW vs. WEEL - Expense Ratio Comparison

Both BABW and WEEL have an expense ratio of 0.99%.

Dividends

BABW vs. WEEL - Dividend Comparison

BABW's dividend yield for the trailing twelve months is around 45.79%, more than WEEL's 12.53% yield.

Position	TTM	2025	2024
BABW Roundhill BABA WeeklyPay ETF	45.79%	10.68%	0.00%
WEEL Peerless Option Income Wheel ETF	12.53%	12.72%	6.88%

Frequently Asked Questions

Can I hold both BABW and WEEL in my portfolio?

BABW 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.

Which ETF is better, BABW or WEEL?

Both ETFs have the same 0.99% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BABW or WEEL?

BABW and WEEL have the same expense ratio: 0.99% per year.

Which ETF pays a higher dividend yield, BABW or WEEL?

BABW has the higher dividend yield at 45.79%, compared with 12.53% for WEEL.

What is the main difference between BABW and WEEL?

They also come from different issuers: Roundhill and Tidal.