IVV vs WEEL
iShares Core S&P 500 ETF vs Peerless Option Income Wheel ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | WEEL | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.99% | |
| AUM | $865.2B | $39M | |
| Dividend Yield | 1.09% | 12.48% | |
| Holdings | 508 | 38 | |
| YTD Return | +13.43% | +8.88% | |
| 1Y Return | +22.61% | +17.66% | |
| 3Y Return (annualized) | +21.47% | - | |
| 5Y Return (annualized) | +13.26% | - | |
| Volatility (annualized) | 15.1% | 7.5% | |
| Max Drawdown | -56.5% | -17.4% | |
| Fund Family | iShares by BlackRock (US) | Peerless ETFs | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | May 16, 2024 |
IVV vs WEEL Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Peerless Option Income Wheel ETF (WEEL) is a ETF from Peerless ETFs. Over the past year IVV returned +22.61% while WEEL returned +17.66%. Year to date, IVV is up 13.43% versus a gain of 8.88% for WEEL.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 7.5% for WEEL. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -56.5% for IVV and -17.4% for WEEL. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while WEEL charges 0.99%. On a $10,000 position that is $3 vs $99 annually, a gap of $96 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 12.48% for WEEL.
Holdings Overlap
IVV and WEEL share 0 holdings out of 515 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or WEEL?
IVV has an expense ratio of 0.03% while WEEL charges 0.99%. IVV is the cheaper option. On a $10,000 investment, that is $96 per year of difference.
Which performed better, IVV or WEEL?
Over the past year IVV returned +22.61% vs +17.66% for WEEL, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +7.03% vs +13.52% for WEEL. Past performance does not guarantee future results.
Which is riskier, IVV or WEEL?
IVV has been the more volatile fund at 15.1% annualized versus 7.5% for WEEL. Worst drawdown: IVV -56.5% vs WEEL -17.4%.
Should I hold both IVV and WEEL?
IVV and WEEL have a monthly-return correlation of 0.80, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and WEEL?
IVV and WEEL share 0 common holdings with a 0.0% weight overlap. Combined, they hold 515 unique securities.
Which pays a higher dividend, IVV or WEEL?
IVV yields 1.09% while WEEL yields 12.48%, so WEEL currently pays the higher dividend yield.
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