NVIT vs. WEEL
NVIT (YieldMax NVDA Performance & Distribution Target 25 ETF) and WEEL (Peerless Option Income Wheel ETF) are both Derivative Income funds. Both are actively managed. At a 0.47 correlation, their price movements are largely independent. NVIT charges 1.08%/yr vs 0.99%/yr for WEEL.
Performance
NVIT vs. WEEL - Performance Comparison
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Returns By Period
In the year-to-date period, NVIT achieves a 15.44% return, which is significantly higher than WEEL's 5.22% return.
NVIT
- 1D
- -2.67%
- 1M
- 6.72%
- YTD
- 15.44%
- 6M
- 19.59%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WEEL
- 1D
- -0.40%
- 1M
- 0.96%
- YTD
- 5.22%
- 6M
- 5.75%
- 1Y
- 20.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NVIT vs. WEEL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NVIT YieldMax NVDA Performance & Distribution Target 25 ETF | 15.44% | 3.48% |
WEEL Peerless Option Income Wheel ETF | 5.22% | 3.67% |
Correlation
The correlation between NVIT and WEEL is 0.47, 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 Nov 19, 2025 | 0.47 |
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Return for Risk
NVIT vs. WEEL — Risk / Return Rank
NVIT
WEEL
NVIT vs. WEEL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax NVDA Performance & Distribution Target 25 ETF (NVIT) 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
| NVIT | 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 | 1.37 | 1.01 | +0.36 |
Drawdowns
NVIT vs. WEEL - Drawdown Comparison
The maximum NVIT drawdown since its inception was -11.11%, smaller than the maximum WEEL drawdown of -17.45%. Use the drawdown chart below to compare losses from any high point for NVIT and WEEL.
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Drawdown Indicators
| NVIT | WEEL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.11% | -17.45% | +6.34% |
Max Drawdown (1Y)Largest decline over 1 year | — | -4.60% | — |
Current DrawdownCurrent decline from peak | -6.77% | -0.40% | -6.37% |
Average DrawdownAverage peak-to-trough decline | -2.86% | -1.45% | -1.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.95% | — |
Volatility
NVIT vs. WEEL - Volatility Comparison
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Volatility by Period
| NVIT | 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 | 29.08% | 8.01% | +21.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.08% | 12.84% | +16.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.08% | 12.84% | +16.24% |
NVIT vs. WEEL - Expense Ratio Comparison
NVIT has a 1.08% expense ratio, which is higher than WEEL's 0.99% expense ratio.
Dividends
NVIT vs. WEEL - Dividend Comparison
NVIT's dividend yield for the trailing twelve months is around 12.36%, which matches WEEL's 12.46% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
NVIT YieldMax NVDA Performance & Distribution Target 25 ETF | 12.36% | 2.37% | 0.00% |
WEEL Peerless Option Income Wheel ETF | 12.46% | 12.72% | 6.88% |
Frequently Asked Questions
NVIT 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.
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 1.08% for NVIT.
WEEL has the higher dividend yield at 12.46%, compared with 12.36% for NVIT.
They also come from different issuers: YieldMax and Peerless ETFs. Their fees differ too: 1.08% for NVIT and 0.99% for WEEL.
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