PDEC vs WEEL
Innovator US Equity Power Buffer ETF - December vs Peerless Option Income Wheel ETF
Which is better, PDEC or WEEL?
WEEL has been ahead.
PDEC has a lower expense ratio. WEEL led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | PDEC | WEEL |
|---|---|---|
| Expense Ratio | 0.79%Best | 0.99% |
| AUM | $990M | $44M |
| Dividend Yield | 0.00% | 12.41% |
| Holdings | 18 | 41 |
| YTD Return | +9.73%Best | +8.94% |
| 1Y Return | +13.40% | +14.85%Best |
| 3Y Return (annualized) | +13.53% | - |
| 5Y Return (annualized) | +9.09% | - |
| Volatility (annualized) | 5.8%Best | 7.3% |
| Max Drawdown | -10.8%Best | -17.4% |
| $10,000 over 2.4 years | $12,846 | $13,275Best |
| Fund Family | Innovator ETFs Trust | Peerless ETFs |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Dec 1, 2019 | May 16, 2024 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.4 years row, are measured over the window both funds cover: May 16, 2024 to Oct 12, 2026 (2.4 years).
PDEC vs WEEL growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.4 years both funds cover.
PDEC vs WEEL Performance
Innovator US Equity Power Buffer ETF - December (PDEC) is an ETF from Innovator ETFs Trust and Peerless Option Income Wheel ETF (WEEL) is an ETF from Peerless ETFs. Over the past year PDEC returned +13.40% while WEEL returned +14.85%. Year to date, PDEC is up 9.73% versus a gain of 8.94% for WEEL.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
WEEL has been the more volatile fund, with annualized monthly volatility of 7.3% compared with 5.8% for PDEC. 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 -10.8% for PDEC and -17.4% for WEEL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PDEC charges 0.79% per year while WEEL charges 0.99%. On a $10,000 position that is $79 vs $99 annually, a gap of $20 per year that compounds over a long holding period. On income, PDEC currently yields 0.00% against 12.41% for WEEL.
You are not choosing between two funds in isolation.
Whichever of PDEC and WEEL you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, PDEC or WEEL?
PDEC has an expense ratio of 0.79% while WEEL charges 0.99%. PDEC is the cheaper option, by $20 a year on a $10,000 investment.
Which performed better, PDEC or WEEL?
Over the past year PDEC returned +13.40% vs +14.85% for WEEL, so WEEL leads on 1-year performance. Over the longest common window we track (2 years), PDEC annualized +11.00% vs +12.53% for WEEL. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PDEC or WEEL?
WEEL has been the more volatile fund at 7.3% annualized versus 5.8% for PDEC. Worst drawdown: PDEC -10.8% vs WEEL -17.4%.
Should I hold both PDEC and WEEL?
PDEC and WEEL have a monthly-return correlation of 0.85, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, PDEC or WEEL?
PDEC yields 0.00% while WEEL yields 12.41%, so WEEL currently pays the higher dividend yield.
Is WEEL better than PDEC?
PDEC has a lower expense ratio. WEEL led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.