Peerless Option Income Wheel ETF (WEEL) Performance
WEEL total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +7.3% since Dec 31, 2025
- 1 year
- +9.9% total return
- Since first price
- +30.5% since 2024
WEEL trailing returns vs SPY, QQQ, AGG
| Period | WEEL total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −1.5% | −4.4% | −1.0% | −5.0% | +0.9% |
| 3 months | +1.5% | −1.5% | +3.2% | +1.9% | −0.4% |
| 6 months | +3.0% | −2.9% | +7.8% | +8.4% | −1.5% |
| YTD | +7.3% | −2.0% | +12.3% | +15.1% | −1.0% |
| 1 year | +9.9% | −3.3% | +14.4% | +15.9% | −1.1% |
| Since inceptionMay 16, 2024 | +30.5% | −1.8% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: WEEL vs SPY
From May 16, 2024: WEEL grew to $13,050, SPY to $14,799.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
WEEL returns by calendar year
1 of 1 full years positive. Best 2025 (+17.7%), worst 2025 (+17.7%). 2026 is year to date.
WEEL annual returns table
| Year | WEEL | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +7.3% | −4.6% | +12.3% | +15.1% | −1.0% |
| 2025 | +17.7% | −17.4% | +17.7% | +20.8% | +7.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
WEEL largest drawdowns
Now 3.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 10, 2025 | −17.4% | Apr 8, 2025 | Jun 23, 2025 | 57 days | 4 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
WEEL risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | +12.4% |
| Volatility (annualized) | 7.5% |
| Sharpe ratio | 1.06 |
| Sortino ratio | 1.82 |
| Best month | +4.6% |
| Worst month | −3.7% |
| Best 12 months | +25.4% |
| Worst 12 months | +5.4% |
| Positive months | 75% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
WEEL rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 18 | +5.4% | +13.2% | +25.4% | 100% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
WEEL performance overview
Peerless Option Income Wheel ETF (WEEL) returned +9.9% over the past year, with distributions reinvested. Since its first recorded price on May 16, 2024 it has returned +30.5%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −17.4%, from Feb 10, 2025 to Apr 8, 2025, and it took 2 months to get back to the old high. Volatility has been 7.5% a year.
Related: WEEL chart, WEEL holdings, WEEL dividends. See the WEEL overview for the latest quote and fund facts.
WEEL performance FAQ
What is the WEEL return over the past year?
WEEL returned +9.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 3.3%.
How much would $10,000 invested in WEEL be worth?
$10,000 invested in WEEL at its first recorded close on May 16, 2024 would be worth about $13,050 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of WEEL?
The largest peak-to-trough decline was −17.4% between February 10, 2025 and April 8, 2025. It recovered to the old high on June 23, 2025, 2 months after the bottom.
How volatile is WEEL?
Over the past history WEEL had an annualized volatility of 7.5% and a Sharpe ratio of 1.06 (excess return over 1–3 month T-bills per unit of risk).