WEEL vs. EDGX

Last updated Aug 2, 2026

WEEL (Peerless Option Income Wheel ETF) and EDGX (Global X U.S. 500 Income Edge ETF) are both Derivative Income funds. Both are actively managed. Their correlation of 0.84 means they have usually moved in the same direction. WEEL charges 0.99%/yr vs 0.00%/yr for EDGX.

Performance

WEEL vs. EDGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Peerless Option Income Wheel ETF (WEEL) and Global X U.S. 500 Income Edge ETF (EDGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

WEEL

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

EDGX

• 1D: -0.01%
• 1M: -0.35%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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)
EDGX Global X U.S. 500 Income Edge ETF	$146.81K	$178.18K	$171.24K
WEEL Peerless Option Income Wheel ETF	$406.88K	$319.91K	$357.06K

WEEL vs. EDGX - Yearly Performance Comparison

	2026 (YTD)
WEEL Peerless Option Income Wheel ETF	5.66%
EDGX Global X U.S. 500 Income Edge ETF	8.69%

Correlation

The correlation between WEEL and EDGX is 0.84, 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 Feb 18, 2026	0.84

Return for Risk

WEEL vs. EDGX — Risk / Return Rank

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

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

EDGX

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

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.

WEEL vs. EDGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Peerless Option Income Wheel ETF (WEEL) and Global X U.S. 500 Income Edge ETF (EDGX). 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.

	WEEL	EDGX	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

WEEL vs. EDGX - Drawdown Comparison

The maximum WEEL drawdown since its inception was -17.45%, which is greater than EDGX's maximum drawdown of -7.56%. Use the drawdown chart below to compare losses from any high point for WEEL and EDGX.

Drawdown Indicators

	WEEL	EDGX	Difference
Max Drawdown Largest peak-to-trough decline	-17.45%	-7.56%	-9.89%
Max Drawdown (1Y) Largest decline over 1 year	-4.60%	—	—
Current Drawdown Current decline from peak	-0.40%	-1.82%	+1.42%
Average Drawdown Average peak-to-trough decline	-1.41%	-1.56%	+0.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.02%	—	—

Volatility

Volatility by Period

	WEEL	EDGX	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	8.59%	13.21%	-4.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.65%	13.21%	-0.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.65%	13.21%	-0.56%

WEEL vs. EDGX - Expense Ratio Comparison

WEEL has a 0.99% expense ratio, which is higher than EDGX's 0.00% expense ratio.

Dividends

WEEL vs. EDGX - Dividend Comparison

WEEL's dividend yield for the trailing twelve months is around 12.72%, more than EDGX's 3.89% yield.

Position	TTM	2025	2024
EDGX Global X U.S. 500 Income Edge ETF	3.89%	0.00%	0.00%
WEEL Peerless Option Income Wheel ETF	12.72%	12.72%	6.88%

Frequently Asked Questions

Can I hold both WEEL and EDGX in my portfolio?

WEEL and EDGX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WEEL or EDGX?

On fees, EDGX is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WEEL or EDGX?

EDGX is cheaper with a 0.00% expense ratio, compared with 0.99% for WEEL.

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

WEEL has the higher dividend yield at 12.72%, compared with 3.89% for EDGX.

What is the main difference between WEEL and EDGX?

They also come from different issuers: Tidal and Global X. Their fees differ too: 0.99% for WEEL and 0.00% for EDGX.