Data as of Oct 28, 2026.
SPY vs WEEL: Differences, Returns & Fees
Over the year to Oct 28, 2026, SPY returned +13.6% to WEEL's +11.0%, and SPY charges 0.09% to WEEL's 0.99%.
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Net assets: $814.8bn on Oct 27, 2026 for SPDR S&P 500 ETF Trust, and $39m on Jun 30, 2026 for Peerless Option Income Wheel ETF.
Pair scorecard
SPY costs 0.90 points a year less; their one-year returns differ by 2.6 points.
| Measure | SPY | WEEL |
|---|---|---|
| Return | ||
| Total return, 1 year | +13.6% | +11.0% |
| Price change, 1 year | rose 12.4% | fell 2.3% |
| Latest payout, annualized | 12.1% | |
| Benchmark | ||
| What it tracks | S&P 500 Index | Benchmark: S&P 500, measured through SPY |
| Cost and size | ||
| Expense ratio | 0.09% | 0.99% |
| Net assets, SPY as of Oct 27, 2026 and WEEL as of Jun 30, 2026 | $814.8bn | $39m |
| Holdings | ||
| Holdings in common | 0% | |
| In the S&P 500, by weight | 100% | |
| Top ten holdings, share of the fund | 38.1% | |
Holdings in common uses holdings dated Jun 30, 2026 and Oct 27, 2026. Method
What they share
By the books each fund has filed, SPY and WEEL hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
SPY and WEEL on the fields both publish, as of Oct 28, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price.
No client brief for this pair: the two funds' holdings are dated 119 days apart.
SPY
SPY tracks the S&P 500. Over the year to Oct 28, 2026 it returned +13.6% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.09% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 504 positions, with the top ten at 38.1%.
WEEL
Over the year to Oct 28, 2026, WEEL paid 12.5% of its starting value in cash distributions while its price fell 2.3%. With every distribution reinvested, the fund returned +11.0%. S&P 500 (SPY) returned +13.6% over the same days, so a holder was behind by 2.6 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 12.1%, paid quarterly.
Questions people ask
- Are SPY and WEEL in the same category?
- SPY is a stock ETF and WEEL is an option-income ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
- Which returned more over the last year, SPY or WEEL?
- In the year to Oct 28, 2026, with distributions reinvested, SPY returned +13.6% and WEEL +11.0%.
- Which is cheaper, SPY or WEEL?
- SPY is cheaper, by 0.90 percentage points a year. That is about $90 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, SPY against WEEL, data as of Oct 28, 2026. https://etfiq.com/compare/any/spy-vs-weel
ETFIQ. (Oct 28, 2026). SPY against WEEL. Retrieved from https://etfiq.com/compare/any/spy-vs-weel
[SPY against WEEL (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/spy-vs-weel)
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