ROCY vs. WEEL
ROCY (JPMorgan Equity Premium Yield ETF) and WEEL (Peerless Option Income Wheel ETF) are both Derivative Income funds. Both are actively managed. Their correlation of 0.85 suggests significant overlap in exposure. ROCY charges 0.35%/yr vs 0.99%/yr for WEEL.
Performance
ROCY vs. WEEL - Performance Comparison
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Returns By Period
ROCY
- 1D
- -0.45%
- 1M
- -0.59%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WEEL
- 1D
- -0.43%
- 1M
- -0.93%
- YTD
- 3.92%
- 6M
- 4.07%
- 1Y
- 15.17%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ROCY vs. WEEL - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
ROCY JPMorgan Equity Premium Yield ETF | 8.90% |
WEEL Peerless Option Income Wheel ETF | 3.89% |
Correlation
The correlation between ROCY and WEEL is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 19, 2026 | 0.85 |
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Return for Risk
ROCY vs. WEEL — Risk / Return Rank
ROCY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
WEEL
ROCY vs. WEEL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Equity Premium Yield ETF (ROCY) 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.
| ROCY | WEEL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.37 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.31 | — |
| Martin ratioReturn relative to average drawdown | — | 15.27 | — |
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Drawdowns
ROCY vs. WEEL - Drawdown Comparison
The maximum ROCY drawdown since its inception was -3.53%, smaller than the maximum WEEL drawdown of -17.45%. Use the drawdown chart below to compare losses from any high point for ROCY and WEEL.
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Drawdown Indicators
| ROCY | WEEL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.53% | -17.45% | +13.92% |
Max Drawdown (1Y)Largest decline over 1 year | — | -4.60% | — |
Current DrawdownCurrent decline from peak | -2.32% | -1.92% | -0.40% |
Average DrawdownAverage peak-to-trough decline | -0.59% | -1.44% | +0.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.00% | — |
Volatility
ROCY vs. WEEL - Volatility Comparison
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Volatility by Period
| ROCY | WEEL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.96% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 6.40% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 12.30% | 8.23% | +4.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.30% | 12.80% | -0.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.30% | 12.80% | -0.50% |
ROCY vs. WEEL - Expense Ratio Comparison
ROCY has a 0.35% expense ratio, which is lower than WEEL's 0.99% expense ratio.
Dividends
ROCY vs. WEEL - Dividend Comparison
ROCY's dividend yield for the trailing twelve months is around 1.66%, less than WEEL's 12.62% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
ROCY JPMorgan Equity Premium Yield ETF | 1.66% | 0.00% | 0.00% |
WEEL Peerless Option Income Wheel ETF | 12.62% | 12.72% | 6.88% |
Frequently Asked Questions
ROCY and WEEL have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ROCY is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ROCY is cheaper with a 0.35% expense ratio, compared with 0.99% for WEEL.
WEEL has the higher dividend yield at 12.62%, compared with 1.66% for ROCY.
They also come from different issuers: JPMorgan and Peerless ETFs. Their fees differ too: 0.35% for ROCY and 0.99% for WEEL.
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