WEEL vs. TPRY

Last updated Jun 4, 2026

WEEL (Peerless Option Income Wheel ETF) and TPRY (VistaShares Target 15 TEPRTantrum Contrarian Distribution ETF) are both Derivative Income funds. WEEL is actively managed, while TPRY is passively managed. Their correlation of 0.86 suggests significant overlap in exposure. WEEL charges 0.99%/yr vs 0.95%/yr for TPRY.

Performance

WEEL vs. TPRY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Peerless Option Income Wheel ETF (WEEL) and VistaShares Target 15 TEPRTantrum Contrarian Distribution ETF (TPRY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

WEEL

• 1D: -0.40%
• 1M: 0.96%
• YTD: 5.22%
• 6M: 5.75%
• 1Y: 20.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TPRY

• 1D: -0.19%
• 1M: 4.41%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WEEL vs. TPRY - Yearly Performance Comparison

	2026 (YTD)
WEEL Peerless Option Income Wheel ETF	3.06%
TPRY VistaShares Target 15 TEPRTantrum Contrarian Distribution ETF	8.01%

Correlation

The correlation between WEEL and TPRY is 0.86, 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 Feb 27, 2026	0.86

Return for Risk

WEEL vs. TPRY — Risk / Return Rank

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

WEEL

WEEL Risk / Return Rank: 84
WEEL Sharpe Ratio Rank: 78
WEEL Sortino Ratio Rank: 86
WEEL Omega Ratio Rank: 85
WEEL Calmar Ratio Rank: 82
WEEL Martin Ratio Rank: 91

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.

WEEL vs. TPRY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Peerless Option Income Wheel ETF (WEEL) and VistaShares Target 15 TEPRTantrum Contrarian Distribution ETF (TPRY). 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	TPRY	Difference
Sharpe ratio Return per unit of total volatility	2.54	—	—
Sortino ratio Return per unit of downside risk	3.93	—	—
Omega ratio Gain probability vs. loss probability	1.52	—	—
Calmar ratio Return relative to maximum drawdown	4.40	—	—
Martin ratio Return relative to average drawdown	21.37	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	WEEL	TPRY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.54	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.01	1.44	-0.43

Drawdowns

WEEL vs. TPRY - Drawdown Comparison

The maximum WEEL drawdown since its inception was -17.45%, which is greater than TPRY's maximum drawdown of -10.85%. Use the drawdown chart below to compare losses from any high point for WEEL and TPRY.

Drawdown Indicators

	WEEL	TPRY	Difference
Max Drawdown Largest peak-to-trough decline	-17.45%	-10.85%	-6.60%
Max Drawdown (1Y) Largest decline over 1 year	-4.60%	—	—
Current Drawdown Current decline from peak	-0.40%	-0.19%	-0.21%
Average Drawdown Average peak-to-trough decline	-1.45%	-3.13%	+1.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.95%	—	—

Volatility

Volatility by Period

	WEEL	TPRY	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	8.01%	23.60%	-15.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.84%	23.60%	-10.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.84%	23.60%	-10.76%

WEEL vs. TPRY - Expense Ratio Comparison

WEEL has a 0.99% expense ratio, which is higher than TPRY's 0.95% expense ratio.

Dividends

WEEL vs. TPRY - Dividend Comparison

WEEL's dividend yield for the trailing twelve months is around 12.46%, more than TPRY's 3.54% yield.

Position	TTM	2025	2024
TPRY VistaShares Target 15 TEPRTantrum Contrarian Distribution ETF	3.54%	0.00%	0.00%
WEEL Peerless Option Income Wheel ETF	12.46%	12.72%	6.88%

Frequently Asked Questions

Can I hold both WEEL and TPRY in my portfolio?

WEEL and TPRY have a correlation of 0.86, 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 TPRY?

On fees, TPRY is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WEEL or TPRY?

TPRY is cheaper with a 0.95% expense ratio, compared with 0.99% for WEEL.

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

WEEL has the higher dividend yield at 12.46%, compared with 3.54% for TPRY.

What is the main difference between WEEL and TPRY?

They also come from different issuers: Peerless ETFs and VistaShares. Their fees differ too: 0.99% for WEEL and 0.95% for TPRY.