WEELPeerless Option Income Wheel ETF
Seeks current income.
By Peerless ETFs · Launched 2024
0.99%
#5,127 of 5,861 · expensive
$39M
#3,899 of 5,861 · mid-size
12.85%
2 years
#3,479 of 5,861 · seasoned
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 10 holdings = 74.4% of fundconcentrated
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks current income.
- Strategy
- Actively managed ETF that seeks current income through an option wheel strategy, investing in sector-specific ETFs and individual securities. The strategy involves writing options to generate income and potentially acquire assets at lower prices, while maintaining liquidity with U.S. Treasury securities and money market funds.
- Inception date
- May 15, 2024
- Fund family
- Peerless ETFs
Similar funds
Same asset class, closest by strategy & exposureOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
The big yield isn't extra money
The headline distribution comes from selling call options, which caps the fund's upside. Across a full market cycle that trade costs more than it brings in — often 1 to 3 percentage points a year against just holding the index. Monthly payouts make the gap easy to miss on a return summary.
Sources: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
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Data updated on 2026-08-04