PRTO vs. WEEL

Last updated Aug 1, 2026

PRTO (RCN Pareto Strategic Allocation ETF) and WEEL (Peerless Option Income Wheel ETF) are both exchange-traded funds - PRTO is a Tactical Allocation fund actively managed by Tidal, while WEEL is a Derivative Income fund actively managed by Tidal. Both are actively managed. Their correlation of 0.81 means they have usually moved in the same direction. PRTO charges 0.82%/yr vs 0.99%/yr for WEEL.

Performance

PRTO vs. WEEL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in RCN Pareto Strategic Allocation ETF (PRTO) and Peerless Option Income Wheel ETF (WEEL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PRTO

• 1D: -0.24%
• 1M: -1.60%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

WEEL

• 1D: -0.20%
• 1M: 1.29%
• 6M: 5.52%
• YTD: 6.19%
• 1Y: 16.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.19%

*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)
PRTO RCN Pareto Strategic Allocation ETF	$107.30K	$60.42K	$45.96K
WEEL Peerless Option Income Wheel ETF	$406.88K	$319.91K	$357.06K

PRTO vs. WEEL - Yearly Performance Comparison

	2026 (YTD)
PRTO RCN Pareto Strategic Allocation ETF	6.83%
WEEL Peerless Option Income Wheel ETF	6.88%

Correlation

The correlation between PRTO and WEEL is 0.81, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 25, 2026	0.81

Return for Risk

PRTO vs. WEEL — Risk / Return Rank

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

PRTO

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

WEEL

WEEL Risk / Return Rank: 84
WEEL Sharpe Ratio Rank: 78
WEEL Sortino Ratio Rank: 83
WEEL Omega Ratio Rank: 82
WEEL Calmar Ratio Rank: 86
WEEL Martin Ratio Rank: 91

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.

PRTO vs. WEEL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RCN Pareto Strategic Allocation ETF (PRTO) 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.

	PRTO	WEEL	Difference
Sharpe ratio: Return per unit of total volatility	—	1.78	—
Sortino ratio: Return per unit of downside risk	—	2.74	—
Omega ratio: Gain probability vs. loss probability	—	1.35	—
Calmar ratio: Return relative to maximum drawdown	—	3.32	—
Martin ratio: Return relative to average drawdown	—	15.04	—

Drawdowns

PRTO vs. WEEL - Drawdown Comparison

The maximum PRTO drawdown since its inception was -4.69%, smaller than the maximum WEEL drawdown of -17.45%. Use the drawdown chart below to compare losses from any high point for PRTO and WEEL.

Drawdown Indicators

	PRTO	WEEL	Difference
Max Drawdown Largest peak-to-trough decline	-4.69%	-17.45%	+12.76%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.60%	—
Current Drawdown Current decline from peak	-3.39%	-0.40%	-2.99%
Average Drawdown Average peak-to-trough decline	-1.36%	-1.41%	+0.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.02%	—

Volatility

Volatility by Period

	PRTO	WEEL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.91%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.93%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.18%	8.59%	+6.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.18%	12.65%	+2.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.18%	12.65%	+2.53%

PRTO vs. WEEL - Expense Ratio Comparison

PRTO has a 0.82% expense ratio, which is lower than WEEL's 0.99% expense ratio.

Dividends

PRTO vs. WEEL - Dividend Comparison

PRTO has not paid dividends to shareholders, while WEEL's dividend yield for the trailing twelve months is around 12.72%.

Position	TTM	2025	2024
PRTO RCN Pareto Strategic Allocation ETF	0.00%	0.00%	0.00%
WEEL Peerless Option Income Wheel ETF	12.72%	12.72%	6.88%

Frequently Asked Questions

Can I hold both PRTO and WEEL in my portfolio?

PRTO and WEEL have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PRTO or WEEL?

On fees, PRTO is cheaper at 0.82% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PRTO or WEEL?

PRTO is cheaper with a 0.82% expense ratio, compared with 0.99% for WEEL.

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

WEEL has the higher dividend yield at 12.72%, compared with 0.00% for PRTO.

What is the main difference between PRTO and WEEL?

PRTO is categorized as Tactical Allocation, while WEEL is Derivative Income. Their fees differ too: 0.82% for PRTO and 0.99% for WEEL.