HOII vs. WEEL

Last updated Jun 4, 2026

HOII (REX HOOD Growth & Income ETF) and WEEL (Peerless Option Income Wheel ETF) are both Derivative Income funds. Both are actively managed. A 0.67 correlation means they provide meaningful diversification when combined. Both charge a 0.99% expense ratio.

Performance

HOII vs. WEEL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in REX HOOD Growth & Income ETF (HOII) 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, HOII achieves a -29.15% return, which is significantly lower than WEEL's 5.22% return.

HOII

• 1D: -4.93%
• 1M: 9.10%
• YTD: -29.15%
• 6M: -39.85%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

WEEL

• 1D: -0.40%
• 1M: 0.96%
• YTD: 5.22%
• 6M: 5.75%
• 1Y: 20.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HOII vs. WEEL - Yearly Performance Comparison

	2026 (YTD)	2025
HOII REX HOOD Growth & Income ETF	-29.15%	-20.87%
WEEL Peerless Option Income Wheel ETF	5.22%	2.84%

Correlation

The correlation between HOII and WEEL is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 5, 2025	0.67

Return for Risk

HOII vs. WEEL — Risk / Return Rank

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

WEEL

WEEL Risk / Return Rank: 84
WEEL Sharpe Ratio Rank: 78
WEEL Sortino Ratio Rank: 86
WEEL Omega Ratio Rank: 85
WEEL Calmar Ratio Rank: 82
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.

HOII vs. WEEL - Risk-Adjusted Trends Comparison

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

Sharpe Ratios by Period

	HOII	WEEL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.54	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.91	1.01	-1.92

Drawdowns

HOII vs. WEEL - Drawdown Comparison

The maximum HOII drawdown since its inception was -55.38%, which is greater than WEEL's maximum drawdown of -17.45%. Use the drawdown chart below to compare losses from any high point for HOII and WEEL.

Drawdown Indicators

	HOII	WEEL	Difference
Max Drawdown Largest peak-to-trough decline	-55.38%	-17.45%	-37.93%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.60%	—
Current Drawdown Current decline from peak	-46.63%	-0.40%	-46.23%
Average Drawdown Average peak-to-trough decline	-36.85%	-1.45%	-35.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.95%	—

Volatility

Volatility by Period

	HOII	WEEL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.85%	—
Volatility (6M) Calculated over the trailing 6-month period	—	5.83%	—
Volatility (1Y) Calculated over the trailing 1-year period	70.36%	8.01%	+62.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	70.36%	12.84%	+57.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	70.36%	12.84%	+57.52%

HOII vs. WEEL - Expense Ratio Comparison

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

Dividends

HOII vs. WEEL - Dividend Comparison

HOII's dividend yield for the trailing twelve months is around 20.53%, more than WEEL's 12.46% yield.

Position	TTM	2025	2024
HOII REX HOOD Growth & Income ETF	20.53%	4.41%	0.00%
WEEL Peerless Option Income Wheel ETF	12.46%	12.72%	6.88%

Frequently Asked Questions

Can I hold both HOII and WEEL in my portfolio?

HOII and WEEL have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HOII 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, HOII or WEEL?

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

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

HOII has the higher dividend yield at 20.53%, compared with 12.46% for WEEL.

What is the main difference between HOII and WEEL?

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