WEEL vs. PBP
Compare and contrast key facts about Peerless Option Income Wheel ETF (WEEL) and Invesco S&P 500 BuyWrite ETF (PBP).
WEEL and PBP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WEEL is an actively managed fund by Peerless ETFs. It was launched on May 15, 2024. PBP is a passively managed fund by Invesco that tracks the performance of the Cboe S&P 500 BuyWrite Index. It was launched on Dec 20, 2007.
Performance
WEEL vs. PBP - Performance Comparison
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WEEL vs. PBP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
WEEL Peerless Option Income Wheel ETF | -0.20% | 17.73% | 3.33% |
PBP Invesco S&P 500 BuyWrite ETF | -1.04% | 8.49% | 13.23% |
Returns By Period
In the year-to-date period, WEEL achieves a -0.20% return, which is significantly higher than PBP's -1.04% return.
WEEL
- 1D
- 2.27%
- 1M
- -1.84%
- YTD
- -0.20%
- 6M
- 3.81%
- 1Y
- 18.86%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PBP
- 1D
- 2.04%
- 1M
- -2.62%
- YTD
- -1.04%
- 6M
- 5.76%
- 1Y
- 11.29%
- 3Y*
- 10.74%
- 5Y*
- 7.48%
- 10Y*
- 6.70%
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WEEL vs. PBP - Expense Ratio Comparison
WEEL has a 0.99% expense ratio, which is higher than PBP's 0.29% expense ratio.
Return for Risk
WEEL vs. PBP — Risk / Return Rank
WEEL
PBP
WEEL vs. PBP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Peerless Option Income Wheel ETF (WEEL) and Invesco S&P 500 BuyWrite ETF (PBP). 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.
| WEEL | PBP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.21 | 0.80 | +0.42 |
Sortino ratioReturn per unit of downside risk | 1.84 | 1.27 | +0.57 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.25 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.46 | 1.12 | +0.34 |
Martin ratioReturn relative to average drawdown | 9.14 | 6.40 | +2.74 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| WEEL | PBP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | 0.80 | +0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.63 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.49 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.32 | +0.51 |
Correlation
The correlation between WEEL and PBP is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
WEEL vs. PBP - Dividend Comparison
WEEL's dividend yield for the trailing twelve months is around 13.14%, more than PBP's 11.63% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WEEL Peerless Option Income Wheel ETF | 13.14% | 12.72% | 6.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PBP Invesco S&P 500 BuyWrite ETF | 11.63% | 11.12% | 9.36% | 3.35% | 1.33% | 6.21% | 1.41% | 5.04% | 2.59% | 10.86% | 2.56% | 6.19% |
Drawdowns
WEEL vs. PBP - Drawdown Comparison
The maximum WEEL drawdown since its inception was -17.45%, smaller than the maximum PBP drawdown of -43.43%. Use the drawdown chart below to compare losses from any high point for WEEL and PBP.
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Drawdown Indicators
| WEEL | PBP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.45% | -43.43% | +25.98% |
Max Drawdown (1Y)Largest decline over 1 year | -12.87% | -10.20% | -2.67% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.61% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.31% | — |
Current DrawdownCurrent decline from peak | -2.44% | -3.29% | +0.85% |
Average DrawdownAverage peak-to-trough decline | -1.54% | -6.75% | +5.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.06% | 1.79% | +0.27% |
Volatility
WEEL vs. PBP - Volatility Comparison
Peerless Option Income Wheel ETF (WEEL) and Invesco S&P 500 BuyWrite ETF (PBP) have volatilities of 3.97% and 4.09%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WEEL | PBP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.97% | 4.09% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 6.40% | 5.97% | +0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.60% | 14.26% | +1.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.25% | 11.95% | +1.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.25% | 13.69% | -0.44% |