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WEEL Peerless Option Income Wheel ETF

Option income on SPY, paying quarterly

Over the year to Sep 11, 2026, WEEL paid 12.4% in cash and still finished 2.9 points behind SPY.

Peerless · Income ETFs · data as of

Key facts

12.4%Cash paid, 1 year, on its starting price
+14.6%Total return, 1 year
−2.9 ptsAgainst SPY
11.6%Latest payout, annualized

Method

ETFIQ Return Stability Score

60.9joint 51st of 161

WEEL paid 12.4% in cash and its price rose 0.9%, so the payout came out of returns rather than principal.

Was the payout funded by returns, or by your own capital?

Against its benchmark
MLPD −38.1 ptsMDST −30.2 ptsSLTY −29.1 ptsBLOX −27.8 ptsEIPI −27.8 ptsYQQQ −27.6 ptsULTY −23.3 ptsGDXY −22.0 ptsHIGH −20.8 ptsTOPW −18.6 ptsTDVI −18.3 ptsYMAX −18.1 ptsHISF −17.3 ptsACKY −17.2 ptsWEEI −16.9 ptsNDIV −16.6 ptsLQDW −16.2 ptsOARK −15.8 ptsFDND −15.5 ptsTCAL −15.0 ptsQRMI −14.8 ptsSDVD −14.8 ptsLFGY −14.5 ptsSLJY −14.5 ptsSCLZ −14.1 ptsYFYA −13.9 ptsQUSA −13.5 ptsHYGW −13.0 ptsJULH −13.0 ptsXLRI −13.0 ptsMAGY −12.9 ptsYYY −12.7 ptsXLKI −12.6 ptsJULJ −12.4 ptsLJUL −12.4 ptsJANJ −12.3 ptsLJAN −12.3 ptsFGSI −12.2 ptsLOCT −12.1 ptsRNTY −12.1 ptsAIPI −12.0 ptsIWMY −12.0 ptsOCTJ −11.9 ptsHIPS −11.7 ptsJUCY −11.6 ptsXLEI −11.6 ptsAPRJ −11.3 ptsLAPR −11.3 ptsXISE −11.3 ptsXIJN −11.1 ptsCVRD −11.0 ptsJANH −11.0 ptsAPRH −10.9 ptsXBTY −10.7 ptsXIDE −10.7 ptsOCTH −10.6 ptsJEPI −10.3 ptsXIMR −10.1 ptsSRHR −9.7 ptsXRMI −8.7 ptsVEGA −8.3 ptsBUYW −8.2 ptsIAUI −7.9 ptsBAGY −7.7 ptsXV −7.5 ptsKHPI −7.3 ptsYBTC −7.3 ptsFTHI −7.0 ptsYLDE −6.8 ptsIGLD −6.1 ptsQQQI −6.1 ptsRDVI −6.0 ptsSPIN −5.9 ptsFEPI −5.8 ptsIWMW −5.8 ptsTYLG −5.7 ptsBITY −5.6 ptsSPUT −5.4 ptsWTPI −5.2 ptsPAPI −4.7 ptsXLVI −4.7 ptsETCO −4.3 ptsJEPQ −4.1 ptsCAIE −4.0 ptsFTKI −3.9 ptsGPTY −3.7 ptsIQQQ −3.7 ptsGIAX −3.4 ptsBIGY −3.3 ptsISPY −3.1 ptsRYLD −3.1 ptsYMAG −2.9 ptsRDTY −2.6 ptsXLBI −2.5 ptsNBOS −1.8 ptsRYLG −1.8 ptsSPYI −1.7 ptsFTQI −1.6 ptsKNG −1.6 ptsTSPY −1.6 ptsTHTA −1.5 ptsQQQY −1.3 ptsRDTE −1.3 ptsDIVO −1.2 ptsSIXH −1.2 ptsXYLD −1.2 ptsDFII −1.1 ptsGPIQ −1.1 ptsQDTY −1.1 ptsXYLG −1.1 ptsXDTE −0.9 ptsQDTE −0.7 ptsQYLD −0.7 ptsXLII −0.7 ptsXPAY −0.7 ptsEGGY −0.6 ptsJOYT −0.6 ptsSDTY −0.6 ptsWDTE −0.4 ptsBTCC −0.3 ptsQYLG −0.3 ptsGPIX 0.0 ptsDJIA +0.1 ptsDYLG +0.3 ptsIWMI +0.3 ptsKGLD +0.3 ptsXLFI +0.3 ptsIVVW +0.4 ptsLTTI +0.5 ptsLQTI +0.6 ptsPBP +0.6 ptsHYTI +0.9 ptsTDAQ +0.9 ptsCSHI +1.3 ptsBALI +1.4 ptsYETH +1.5 ptsHYBL +1.6 ptsXLUI +1.6 ptsCHPY +1.9 ptsBTCI +2.1 ptsSOXY +2.3 ptsITWO +2.5 ptsDOGG +2.7 ptsCEPI +2.9 ptsXLYI +2.9 ptsYBIT +2.9 ptsTLTP +3.4 ptsDUBS +4.0 ptsSEPI +4.7 ptsXLCI +5.2 ptsIDVO +5.4 ptsTLTW +5.4 ptsBCCC +6.3 ptsOMAH +6.5 ptsIDUB +6.9 ptsXLSI +8.8 ptsUSOY +10.5 ptsBUCK +10.9 ptsKLIP +20.9 ptsNVYY +24.6 ptsWEEL −2.9 ptsWEEL −2.9 pts−38.1 pts+24.6 pts

56.8% of the 161 sit at or below WEEL on this measure.

What happened to the principal
ETCO −75.0%XBTY −74.7%YETH −67.4%YBTC −61.4%BTCC −59.9%YBIT −58.9%BAGY −58.0%SLTY −54.4%ULTY −53.3%NVYY −52.4%BITY −51.9%BCCC −49.4%BTCI −46.9%DFII −44.8%LFGY −43.0%YMAX −41.0%BLOX −38.8%TOPW −36.6%OARK −33.3%KLIP −32.8%GDXY −32.5%YMAG −27.1%YQQQ −26.3%MAGY −25.8%IWMY −23.1%CEPI −21.0%RDTY −19.9%RDTE −19.4%QDTE −18.5%EGGY −15.1%TLTP −14.5%XLYI −14.1%LTTI −13.8%ACKY −13.7%WDTE −13.7%QQQY −13.0%QDTY −12.8%XDTE −12.8%AIPI −12.2%QUSA −11.8%LQTI −10.4%TLTW −10.3%SDTY −9.9%GIAX −9.8%XLUI −9.5%HIGH −9.3%LQDW −9.3%TCAL −9.0%FEPI −8.5%XV −8.4%IGLD −8.1%XLRI −8.0%XLCI −7.9%FDND −7.6%YYY −7.5%XLSI −7.3%RNTY −6.5%HYTI −6.3%GPTY −6.0%OMAH −6.0%XLBI −5.7%HYGW −5.6%IWMW −5.3%HIPS −5.2%XPAY −4.9%HISF −4.7%QRMI −4.2%USOY −4.0%XLFI −3.8%FGSI −3.2%BUCK −2.5%HYBL −2.5%JUCY −2.3%XRMI −2.3%MLPD −1.7%CAIE −1.6%IAUI −1.6%YFYA −1.6%IVVW −1.4%CVRD −1.3%JEPI −1.1%KNG −0.9%XIJN −0.7%JULJ −0.6%WTPI −0.5%CSHI −0.4%JULH −0.3%LJUL −0.2%XISE 0.0%JANH +0.1%JANJ +0.1%LAPR +0.1%LOCT +0.1%LJAN +0.2%OCTJ +0.2%XLII +0.2%APRJ +0.3%OCTH +0.3%XIDE +0.3%XIMR +0.4%APRH +0.5%TSPY +0.6%KHPI +0.7%BIGY +0.8%SRHR +1.0%FTHI +1.1%QQQI +1.5%XLVI +2.1%SPYI +2.6%QYLG +2.8%YLDE +2.8%BUYW +2.9%SDVD +3.0%XYLG +3.4%KGLD +3.8%THTA +3.9%DJIA +4.2%FTKI +4.3%SCLZ +4.4%PAPI +4.5%RYLD +4.7%XLKI +5.0%PBP +5.1%IWMI +5.3%DYLG +5.4%TDAQ +5.9%XYLD +5.9%JEPQ +6.0%SPIN +6.1%NBOS +6.5%SPUT +6.5%RYLG +7.1%GPIX +7.9%FTQI +8.0%DOGG +8.2%ISPY +8.4%QYLD +8.4%DIVO +8.9%MDST +9.3%VEGA +9.4%BALI +9.5%GPIQ +9.8%SLJY +11.0%RDVI +11.7%TDVI +11.7%IQQQ +12.3%SEPI +13.8%XLEI +13.8%SIXH +14.1%ITWO +14.3%EIPI +14.6%JOYT +16.1%IDVO +16.4%DUBS +18.9%WEEI +18.9%IDUB +19.0%TYLG +21.2%NDIV +22.9%CHPY +24.9%SOXY +68.6%WEEL +0.9%WEEL +0.9%−75.0%+68.6%

64.9% of the 161 sit at or below WEEL on this measure.

Weighted evenly, those two positions are what the score combines, across the 161 income ETFs writing on an index or proxy. Neither spread above is the score: a fund can sit further right on one and score lower. A position in this set, not a rating: it moves when the set moves, and it is not a figure to average against another desk's.

What the score is computed from
What it measuresThis fundIts percentileWeight
against its benchmark−2.9 pts56.850%
what happened to the principal+0.9%64.950%

All income ETFs ranked by this score · How it is computed

What a holder got

WEEL against SPYWEEL returned +14.6% with distributions reinvested against +17.5% for S&P 500 (SPY), used as a default proxy, a gap of −2.9 pts. Of that, 12.4% arrived as cash rather than price.+14.6%WEEL total return+17.5%S&P 500 (SPY), used as a default proxy12.4% of it arrived as cash

Over the year to Sep 11, 2026, WEEL returned +14.6% with distributions reinvested and S&P 500 (SPY), used as a default proxy returned +17.5%, so a holder came out behind it by 2.9 points. The lighter segment is the 12.4% that arrived as cash rather than as price.

Its ten largest equity positions

WEEL top ten by weight, 94.6% of its 13 equity positions, from the holdings filed for Jun 30, 2026. The options the fund writes are not positions of this kind and are not listed. Source: the fund’s SEC filing.
HoldingTickerWeight
TREASURY BILLnot filed29.85%
ARK Innovation ETFARKK13.43%
Invesco QQQ Trust Series 1QQQ9.73%
KraneShares CSI China InternetKWEB7.56%
State Street Utilities SelectXLU7.25%
iShares MSCI Emerging MarketsEEM6.70%
VanEck Gold Miners ETF/USAGDX6.59%
iShares Expanded Tech-SoftwareIGV6.18%
iShares U.S. Home ConstructionITB3.78%
State Street Energy Select SecXLE3.51%

Method

Period by period

WEEL over each window to Sep 11, 2026. Every figure is an ETFIQ calculation. Source: ETFIQ.
WindowCash paidPriceTotal returnSPYAhead or behind
3 months2.9%+1.3%+4.4%+3.3%+1.1 pts
6 months6.0%+2.7%+9.2%+16.0%−6.8 pts
1 year12.4%+0.9%+14.6%+17.5%−2.9 pts
Since launch25.4%+3.3%+33.3%+48.5%−15.2 pts

Method

When WEEL pays

WEEL pays quarterly. The last distribution was $0.6 a share, which went ex on Jun 25, 2026, with payment about 2 days later. The next has not been declared. On its own cadence of about 91 days the ex-date falls near Sep 24, 2026; that date is an ETFIQ projection, not the issuer’s.

Expected distributions for WEEL. Where the basis is a projection, ETFIQ has carried the fund’s own spacing forward from its last ex-date and held the amount at the last one paid; neither is an issuer statement. Source: ETFIQ.
Ex-datePay dateAmountBasis
Sep 24, 2026Sep 28, 2026$0.6ETFIQ projection from the fund’s own cadence
Every distribution ETFIQ holds for WEEL (8, most recent first)
Cash distributions per share for WEEL. Source: ETFIQ from Tiingo end-of-day distributions.
Ex-dateAmount
Jun 25, 2026$0.6
Mar 26, 2026$0.6
Dec 30, 2025$0.75
Sep 25, 2025$0.6
Jun 26, 2025$0.6
Mar 27, 2025$0.6
Dec 27, 2024$0.732
Sep 25, 2024$0.6

Every income ETF going ex-dividend in the next fortnight

Method

In plain words

Since it launched on May 16, 2024, WEEL has returned +33.3% with distributions reinvested, against +48.5% for S&P 500 (SPY), used as a default proxy, and has paid out 25.4% of its starting value in cash along the way. It pays quarterly, and at its current price the latest distribution annualizes to 11.6%. No Rule 19a-1 notice has been published for this fund, so there is no issuer estimate of how much of its distributions was a return of capital.

WEEL (Peerless Option Income Wheel ETF), income ETFs fields as of Sep 11, 2026. Source: ETFIQ.
Strategyoption income
BenchmarkS&P 500 (SPY), used as a default proxy (proxy)
Paysquarterly
Net assets (SEC filing, whole fund, as filed for Jun 30, 2026)$39m
Latest payout, annualized (ETFIQ)11.6%
Expense ratio (485BPOS XBRL, Jul 24, 2026)0.99%
Cash paid, last 12 months, over today’s price (ETFIQ)12.3%
LaunchedMay 16, 2024
Paysquarterly
Typical gap between ex-dates91 days
Typical wait from ex-date to payment2 days
Last paid, per share$0.6 ex Jun 25, 2026
Sum of the last 8 distributions$5.082

Every figure is an ETFIQ calculation from exchange prices and cash distributions (Tiingo end-of-day), total return with distributions reinvested. Return of capital is the issuer’s estimate. How these figures are computed

Questions people ask

How much has WEEL paid over the last year?
Over the year to Sep 11, 2026, WEEL paid 12.4% of its starting price in cash distributions, while the price rose 0.9%.
Is WEEL ahead of SPY?
Over the year to Sep 11, 2026, with every distribution reinvested, WEEL returned +14.6% against +17.5% for S&P 500 (SPY), used as a default proxy, so a holder was behind it by 2.9 points.
How often does WEEL pay, and how much?
WEEL pays quarterly. The latest distribution annualizes to 11.6% at its price on Sep 11, 2026, which is not a promise; the next one can differ.
When does WEEL next pay a distribution?
WEEL pays quarterly. The last distribution went ex on Jun 25, 2026 at $0.6 a share. The next is not declared; on a cadence of about 91 days the ex-date falls near Sep 24, 2026, which is an ETFIQ projection. Payment usually follows the ex-date by 2 days.
What does WEEL cost?
The prospectus expense ratio is 0.99% a year.

The words on this page

Total return
What a holder actually ended up with: price change plus every distribution, reinvested. The only figure that answers whether you came out ahead.
Cash paid
Distributions over the window as a share of what the fund cost at the start. A measure of cash delivered, not of return: a fund can pay a great deal and still lose money.
Ahead or behind
The fund’s total return minus the benchmark’s over exactly the same days, in percentage points. Both sides reinvest.
Return of capital
The issuer’s own estimate, in a Rule 19a-1 notice, of how much of a distribution was your own money returned. An estimate and a tax characterization, not a measure of erosion.
Covered call
Selling call options on shares the fund holds. It collects a premium and gives up the gains above the strike, which is why these funds pay well and lag a rising market.

Every term used here, defined in full on the income ETFs vocabulary page.

Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

Funds near this one

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WEEL payout bar, ETFIQ

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Where WEEL is written about

WEEL, Income ETFs, ETFIQ, data as of Sep 11, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. ETFIQ is an independent publisher, is not a fund issuer, broker-dealer or investment adviser, and makes no recommendations.
Use this data, or open the live card

Open WEEL live on ETFIQ, where the figures refresh with the data.

Cite this page. ETFIQ, WEEL, income ETFs, data as of Sep 11, 2026. https://etfiq.com/funds/weel Free to use with attribution; the underlying files are at Open data.

How these figures are computed · Standards and sources