ULTI vs. WEEL
ULTI (REX IncomeMax Option Strategy ETF) and WEEL (Peerless Option Income Wheel ETF) are both Derivative Income funds. Both are actively managed. A 0.56 correlation means they provide meaningful diversification when combined. ULTI charges 1.25%/yr vs 0.99%/yr for WEEL.
Performance
ULTI vs. WEEL - Performance Comparison
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Returns By Period
In the year-to-date period, ULTI achieves a 43.46% return, which is significantly higher than WEEL's 5.22% return.
ULTI
- 1D
- -3.05%
- 1M
- 12.53%
- YTD
- 43.46%
- 6M
- 22.97%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WEEL
- 1D
- -0.40%
- 1M
- 0.96%
- YTD
- 5.22%
- 6M
- 5.75%
- 1Y
- 20.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ULTI vs. WEEL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ULTI REX IncomeMax Option Strategy ETF | 43.46% | -38.31% |
WEEL Peerless Option Income Wheel ETF | 5.22% | 2.29% |
Correlation
The correlation between ULTI and WEEL is 0.56, 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 3, 2025 | 0.56 |
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Return for Risk
ULTI vs. WEEL — Risk / Return Rank
ULTI
WEEL
ULTI vs. WEEL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for REX IncomeMax Option Strategy ETF (ULTI) 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
| ULTI | 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 | -0.31 | 1.01 | -1.31 |
Drawdowns
ULTI vs. WEEL - Drawdown Comparison
The maximum ULTI drawdown since its inception was -41.74%, which is greater than WEEL's maximum drawdown of -17.45%. Use the drawdown chart below to compare losses from any high point for ULTI and WEEL.
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Drawdown Indicators
| ULTI | WEEL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.74% | -17.45% | -24.29% |
Max Drawdown (1Y)Largest decline over 1 year | — | -4.60% | — |
Current DrawdownCurrent decline from peak | -11.50% | -0.40% | -11.10% |
Average DrawdownAverage peak-to-trough decline | -28.13% | -1.45% | -26.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.95% | — |
Volatility
ULTI vs. WEEL - Volatility Comparison
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Volatility by Period
| ULTI | 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 | 62.43% | 8.01% | +54.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 62.43% | 12.84% | +49.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.43% | 12.84% | +49.59% |
ULTI vs. WEEL - Expense Ratio Comparison
ULTI has a 1.25% expense ratio, which is higher than WEEL's 0.99% expense ratio.
Dividends
ULTI vs. WEEL - Dividend Comparison
ULTI's dividend yield for the trailing twelve months is around 42.53%, more than WEEL's 12.46% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
ULTI REX IncomeMax Option Strategy ETF | 42.53% | 14.96% | 0.00% |
WEEL Peerless Option Income Wheel ETF | 12.46% | 12.72% | 6.88% |
Frequently Asked Questions
ULTI and WEEL have a correlation of 0.56, 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 1.25% for ULTI.
ULTI has the higher dividend yield at 42.53%, compared with 12.46% for WEEL.
They also come from different issuers: REX Shares and Peerless ETFs. Their fees differ too: 1.25% for ULTI and 0.99% for WEEL.
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