SPCI vs. WEEL

Last updated Jul 17, 2026

SPCI (Tuttle Capital Space Industry Income Blast ETF) and WEEL (Peerless Option Income Wheel ETF) are both Derivative Income funds. SPCI is passively managed, while WEEL is actively managed. At a 0.44 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.

Performance

SPCI vs. WEEL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tuttle Capital Space Industry Income Blast ETF (SPCI) and Peerless Option Income Wheel ETF (WEEL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SPCI

• 1D: -8.84%
• 1M: -29.08%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

WEEL

• 1D: -0.40%
• 1M: 0.66%
• 6M: 5.19%
• YTD: 6.19%
• 1Y: 16.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SPCI vs. WEEL - Yearly Performance Comparison

	2026 (YTD)
SPCI Tuttle Capital Space Industry Income Blast ETF	-3.77%
WEEL Peerless Option Income Wheel ETF	5.19%

Correlation

The correlation between SPCI and WEEL is 0.44, 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 Mar 12, 2026	0.44

Return for Risk

SPCI vs. WEEL — Risk / Return Rank

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

SPCI

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

WEEL

WEEL Risk / Return Rank: 82
WEEL Sharpe Ratio Rank: 75
WEEL Sortino Ratio Rank: 82
WEEL Omega Ratio Rank: 81
WEEL Calmar Ratio Rank: 82
WEEL Martin Ratio Rank: 90

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.

SPCI vs. WEEL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tuttle Capital Space Industry Income Blast ETF (SPCI) 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.

	SPCI	WEEL	Difference
Sharpe ratio: Return per unit of total volatility	—	1.91	—
Sortino ratio: Return per unit of downside risk	—	2.94	—
Omega ratio: Gain probability vs. loss probability	—	1.38	—
Calmar ratio: Return relative to maximum drawdown	—	3.49	—
Martin ratio: Return relative to average drawdown	—	15.89	—

Drawdowns

SPCI vs. WEEL - Drawdown Comparison

The maximum SPCI drawdown since its inception was -55.64%, which is greater than WEEL's maximum drawdown of -17.45%. Use the drawdown chart below to compare losses from any high point for SPCI and WEEL.

Drawdown Indicators

	SPCI	WEEL	Difference
Max Drawdown Largest peak-to-trough decline	-55.64%	-17.45%	-38.19%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.60%	—
Current Drawdown Current decline from peak	-55.64%	-0.40%	-55.24%
Average Drawdown Average peak-to-trough decline	-16.59%	-1.42%	-15.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.01%	—

Volatility

Volatility by Period

	SPCI	WEEL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.72%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.70%	—
Volatility (1Y) Calculated over the trailing 1-year period	97.88%	8.41%	+89.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	97.88%	12.71%	+85.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	97.88%	12.71%	+85.17%

SPCI vs. WEEL - Expense Ratio Comparison

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

Dividends

SPCI vs. WEEL - Dividend Comparison

SPCI's dividend yield for the trailing twelve months is around 17.85%, more than WEEL's 12.72% yield.

Position	TTM	2025	2024
SPCI Tuttle Capital Space Industry Income Blast ETF	17.85%	0.00%	0.00%
WEEL Peerless Option Income Wheel ETF	12.72%	12.72%	6.88%

Frequently Asked Questions

Can I hold both SPCI and WEEL in my portfolio?

SPCI and WEEL have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPCI 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, SPCI or WEEL?

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

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

SPCI has the higher dividend yield at 17.85%, compared with 12.72% for WEEL.

What is the main difference between SPCI and WEEL?

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