Are VXX and WEEL in the same category?

VXX is an alternatives 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, VXX or WEEL?

In the year to Oct 28, 2026, with distributions reinvested, VXX returned −46.0% and WEEL +11.0%.

Data as of Oct 28, 2026.

Across categories

VXX vs WEEL: Differences, Returns & Fees

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Over the year to Oct 28, 2026, VXX returned −46.0% to WEEL's +11.0%.

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Net assets: $39m on Jun 30, 2026 for Peerless Option Income Wheel ETF, beside iPath Series B S&P 500 VIX Short-Term Futures ETN.

VXX on its own →WEEL on its own →

At a glance

Pair scorecard

Their one-year returns differ by 57.0 points.

VXX vs WEEL: Differences, Returns & Fees
Measure	VXX	WEEL
Return
Measure	VXX	WEEL
Total return, 1 year	−46.0%	+11.0%
Price change, 1 year	fell 46.0%	fell 2.3%
Latest payout, annualized		12.1%
Total return, 52 weeks	−47.0%
Against its benchmark
Measure	VXX	WEEL
What it tracks	not published	Benchmark: S&P 500, measured through SPY
Against its benchmark, same days		behind by 2.6 pts
Treasury bills, 52 weeks	+3.6%
Against cash	50.6 points behind
Cost and size
Measure	VXX	WEEL
Expense ratio	not published	0.99%
Net assets	not read by ETFIQ	$39m
Holdings
Measure	VXX	WEEL
Holdings in common	not published
Risk
Measure	VXX	WEEL
Correlation with the S&P 500’s weekly returns	−0.82
Beta to the S&P 500	−2.48: about 2.48% for each 1%
Its average week when the S&P 500 fell	rose 2.14%
Down-week capture	−195.3%
Weeks the S&P 500 fell	26 of 52, by 1.10% on average

Method

Risk and return

May 24, 2024 to Oct 23, 2026 · 126 weekly returns

VXX WEEL

Return

Total return edge WEEL −58.4% +30.4%

Annualized edge WEEL −30.4% +11.6%

Price return edge WEEL −58.4% −1.9%

Risk

Volatility edge WEEL 63.6% 10.7%

Max drawdown edge WEEL −78.0% −14.5%

Risk-adjusted

Sharpe edge WEEL −0.34 0.69

Sortino edge WEEL −0.57 0.95

Calmar edge WEEL −0.39 0.80

Reading

WEEL returned more: +30.4% to −58.4%. WEEL swung less: 10.7% to 63.6%. WEEL fell less at its worst: −14.5% to −78.0%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: VXX vs WEEL: Differences, Returns & Fees
Measure	VXX	WEEL	Edge	How it is measured
Return
Total return	−58.4%	+30.4%	WEEL	Price change plus distributions, reinvested.
Annualized	−30.4%	+11.6%	WEEL	Total return as a yearly rate.
Price return	−58.4%	−1.9%	WEEL	Price change alone, distributions left out.
Risk
Volatility	63.6%	10.7%	WEEL	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	38.2%	7.8%	WEEL	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−78.0%	−14.5%	WEEL	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	−0.34	0.69	WEEL	Return above Treasury bills per unit of volatility.
Sortino	−0.57	0.95	WEEL	Return above Treasury bills per unit of downside deviation.
Calmar	−0.39	0.80	WEEL	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 126 weekly returns. Cash rate: the 13-week Treasury bill.

Side by side

VXX iPath Series B S&P 500 VIX Short-Term Futures ETN WEEL Peerless Option Income Wheel ETF

Where it sits Alternatives ETF Income ETF

Issuer iPath Peerless

What it is Volatility option income, vs SPY

Total return, 1 year −46.0% +11.0%

Its benchmark over the same days not measured +13.6% (SPY)

Gap to its benchmark not measured −2.6 pts vs SPY

Cash paid, 1 year not an income fund 12.5%

Expense ratio not published 0.99%

Net assets not read by ETFIQ $39m

VXX 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.

Alert

About each fund

VXX

VXX is a volatility fund. ETFIQ measures what every alternatives fund is sold on: whether it moves differently from the stock market. Over the year to Oct 28, 2026, its weekly returns had a correlation of −0.82 with the S&P 500’s and a beta of −2.48, so for each 1% the index moved it moved about 2.48% the other way. The S&P 500 fell in 26 of those 52 weeks, by 1.10% on average. In the same weeks VXX rose 2.14% on average, a down-week capture of −195.3%. Over the same 52 weeks VXX returned −47.0% and a Treasury bill fund +3.6%, so it finished 50.6 percentage points behind cash.

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 VXX and WEEL in the same category?: VXX is an alternatives 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, VXX or WEEL?: In the year to Oct 28, 2026, with distributions reinvested, VXX returned −46.0% and WEEL +11.0%.

Other comparisons

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Where to next

BIL, the T-bill fund these are measured against →SPY, the S&P 500 fund these are measured against →VXX on its own →WEEL on its own →Hold both: look the portfolio through →Rankings →WEEL dividend history →WEEL holdings →Standards and sources →

Sources and dates

VXX filings on SEC EDGAR ↗

WEEL filings on SEC EDGAR ↗

WEEL prospectus with the expense ratio (SEC) ↗

Peerless website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

Cite this pageCitation, APA and Markdown

ETFIQ, VXX against WEEL, data as of Oct 28, 2026. https://etfiq.com/compare/any/vxx-vs-weel

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.