COII vs. WEEL

Last updated Jul 16, 2026

COII (REX COIN Growth & Income ETF) and WEEL (Peerless Option Income Wheel ETF) are both Derivative Income funds. Both are actively managed. Over the past year, COII returned -68.31% vs 16.83% for WEEL. At a 0.47 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.

Performance

COII vs. WEEL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in REX COIN Growth & Income ETF (COII) 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, COII achieves a -40.76% return, which is significantly lower than WEEL's 6.61% return.

COII

• 1D: 0.00%
• 1M: 0.00%
• 6M: -47.26%
• YTD: -40.76%
• 1Y: -68.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —

WEEL

• 1D: 0.54%
• 1M: 0.62%
• 6M: 5.25%
• YTD: 6.61%
• 1Y: 16.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

COII vs. WEEL - Yearly Performance Comparison

	2026 (YTD)	2025
COII REX COIN Growth & Income ETF	-40.76%	-26.88%
WEEL Peerless Option Income Wheel ETF	6.61%	14.21%

Correlation

The correlation between COII and WEEL is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (All Time) Calculated using the full available price history since Jun 4, 2025	0.47

Return for Risk

COII vs. WEEL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

COII

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

WEEL

WEEL Risk / Return Rank: 85
WEEL Sharpe Ratio Rank: 79
WEEL Sortino Ratio Rank: 85
WEEL Omega Ratio Rank: 84
WEEL Calmar Ratio Rank: 84
WEEL Martin Ratio Rank: 91

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.

COII vs. WEEL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for REX COIN Growth & Income ETF (COII) 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.

	COII	WEEL	Difference
Sharpe ratio: Return per unit of total volatility	-0.98	2.01	-2.99
Sortino ratio: Return per unit of downside risk	-1.62	3.08	-4.70
Omega ratio: Gain probability vs. loss probability	0.80	1.40	-0.60
Calmar ratio: Return relative to maximum drawdown	-0.90	3.67	-4.57
Martin ratio: Return relative to average drawdown	-1.33	16.71	-18.04

COII vs. WEEL - Sharpe Ratio Comparison

The current COII Sharpe Ratio is -0.98, which is lower than the WEEL Sharpe Ratio of 2.01. The chart below compares the historical Sharpe Ratios of COII and WEEL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

COII vs. WEEL - Drawdown Comparison

The maximum COII drawdown since its inception was -72.22%, which is greater than WEEL's maximum drawdown of -17.45%. Use the drawdown chart below to compare losses from any high point for COII and WEEL.

Drawdown Indicators

	COII	WEEL	Difference
Max Drawdown Largest peak-to-trough decline	-72.22%	-17.45%	-54.77%
Max Drawdown (1Y) Largest decline over 1 year	-72.22%	-4.60%	-67.62%
Current Drawdown Current decline from peak	-70.51%	0.00%	-70.51%
Average Drawdown Average peak-to-trough decline	-41.08%	-1.42%	-39.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	48.77%	1.01%	+47.76%

Volatility

COII vs. WEEL - Volatility Comparison

REX COIN Growth & Income ETF (COII) has a higher volatility of 14.58% compared to Peerless Option Income Wheel ETF (WEEL) at 2.85%. This indicates that COII's price experiences larger fluctuations and is considered to be riskier than WEEL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	COII	WEEL	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.58%	2.85%	+11.73%
Volatility (6M) Calculated over the trailing 6-month period	51.81%	6.70%	+45.11%
Volatility (1Y) Calculated over the trailing 1-year period	66.59%	8.43%	+58.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	66.93%	12.72%	+54.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	66.93%	12.72%	+54.21%

COII vs. WEEL - Expense Ratio Comparison

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

Dividends

COII vs. WEEL - Dividend Comparison

COII has not paid dividends to shareholders, while WEEL's dividend yield for the trailing twelve months is around 12.67%.

Position	TTM	2025	2024
COII REX COIN Growth & Income ETF	75.93%	41.52%	0.00%
WEEL Peerless Option Income Wheel ETF	12.67%	12.72%	6.88%

Frequently Asked Questions

Can I hold both COII and WEEL in my portfolio?

COII and WEEL have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, COII or WEEL?

COII has higher volatility (14.58%) compared to WEEL (2.85%). In terms of maximum drawdown, COII dropped -72.22% vs WEEL's -17.45%.

Which ETF is better, COII or WEEL?

On 1-year performance, WEEL leads with 16.83% vs -68.31% for COII. Both ETFs have the same 0.99% expense ratio. On volatility, WEEL has been the lower-risk option at 2.85%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, COII or WEEL?

Over the 1-year period, WEEL has performed better with a 16.83% return vs -68.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, COII or WEEL?

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

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

COII has the higher dividend yield at 75.93%, compared with 12.67% for WEEL.

What is the main difference between COII and WEEL?

They also come from different issuers: REX Shares and Peerless ETFs.

Which has better risk-adjusted returns?

WEEL currently has the higher Sharpe Ratio (2.01 vs -0.98), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.