WEEL
Peerless Option Income Wheel ETF
WEEL seeks current income by investing in sector-specific ETFs while utilizing an option overlay involving both call and put writing.
Risk Management
DERIVATIVES
Active
MANAGEMENT STYLE
13.7 M
ASSETS UNDER MGMT
107 bp
EXPENSES
Fund Basics
| Fund sponsor | Peerless |
| Category | Risk Management |
| Asset class | Derivatives |
| Website | link... |
| Inception date | May 15, 2024 |
| Assets (mns) | $14 |
| Expense ratio | 107 bp |
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | |
| Taxation | 1099 |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | Yes |
Top Holdings
| UNITED STATES TREASURY BILL 08/05/2025 | 23.4 % |
| UNITED STATES TREASURY BILL 09/02/2025 | 23.3 % |
| UNITED STATES TREASURY BILL 07/29/2025 | 17.6 % |
| ISHARES RUSSELL 2000 ETF | 9.5 % |
| CASH & OTHER | 5.5 % |
| ISHARES BIOTECHNOLOGY ETF | 4.1 % |
| ISHARES TRUST DJ HOME CONSTN | 3.8 % |
| ENERGY SELECT SECTOR SPDR FUND | 3.8 % |
| ISHARES U.S. REAL ESTATE ETF | 3.1 % |
| VANECK OIL SERVICES ETF | 2.7 % |
Asset Allocation
Historical Performance
Standardized Performance (as of 07/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 2.0% | -3.6% | -- | -- | -- | -- | -- | -1.1% |
| Dividend Yield | 6.5% | 13.1% | -- | -- | -- | -- | -- | 11.0% |
| Total Returns | 8.5% | 9.5% | -- | -- | -- | -- | -- | 9.9% | Ann. Volatility | 20.6% | 16.6% | -- | -- | -- | -- | -- | 15.3% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.00 | 0% |
| MSCI EAFE | 0.00 | 0% |
| MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
| Avg. volume (000) | 2 |
| ADV traded (mns) | $0 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.45% |
Technical Indicators
| Recent close | $19.58 |
| 30d moving avg. | $19.58 |
| Annualized volatility | 0.0% |
| Relative strength (RSI) | 63 |
| Short interest | 0.5% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Expense Analysis
| Peer Group | Active Risk Management Derivatives ETFs |
| # of ETFs | 109 |
| Avg. Expense Ratio | 85.0 bp |
| Std. Deviation | 17 bp |
| WEEL (107 bp) Percentile rank | 72 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| WEEL | 107.0 | 44.5 | 151.5 |
| Peer Avg. | 94.4 | 32.9 | 127.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .