PSEP vs WEEL
Innovator U.S. Equity Power Buffer ETF - September vs Peerless Option Income Wheel ETF
Which is better, PSEP or WEEL?
WEEL has been ahead.
PSEP 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 | PSEP | WEEL |
|---|---|---|
| Expense Ratio | 0.79%Best | 0.99% |
| AUM | $1.2B | $44M |
| Dividend Yield | 0.00% | 12.41% |
| Holdings | 12 | 41 |
| YTD Return | +8.35% | +8.94%Best |
| 1Y Return | +10.65% | +14.85%Best |
| 3Y Return (annualized) | +13.26% | - |
| 5Y Return (annualized) | +10.14% | - |
| Volatility (annualized) | 5.4%Best | 7.3% |
| Max Drawdown | -9.9%Best | -17.4% |
| $10,000 over 2.4 years | $12,810 | $13,275Best |
| Fund Family | Innovator ETFs Trust | Peerless ETFs |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Aug 30, 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).
PSEP 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.
PSEP vs WEEL Performance
Innovator U.S. Equity Power Buffer ETF - September (PSEP) is an ETF from Innovator ETFs Trust and Peerless Option Income Wheel ETF (WEEL) is an ETF from Peerless ETFs. Over the past year PSEP returned +10.65% while WEEL returned +14.85%. Year to date, PSEP is up 8.35% 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 5.4% for PSEP. 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 -9.9% for PSEP 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 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PSEP 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, PSEP currently yields 0.00% against 12.41% for WEEL.
Holdings Overlap
We hold position weights for 494 holdings in PSEP and 13 in WEEL, totalling 98.1% and 48.6% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 494 positions we hold weights for in PSEP and 13 in WEEL, against full books of 12 and 41.
You are not choosing between two funds in isolation.
Whichever of PSEP 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, PSEP or WEEL?
PSEP has an expense ratio of 0.79% while WEEL charges 0.99%. PSEP is the cheaper option, by $20 a year on a $10,000 investment.
Which performed better, PSEP or WEEL?
Over the past year PSEP returned +10.65% vs +14.85% for WEEL, so WEEL leads on 1-year performance. Over the longest common window we track (2 years), PSEP annualized +10.87% vs +12.53% for WEEL. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PSEP or WEEL?
WEEL has been the more volatile fund at 7.3% annualized versus 5.4% for PSEP. Worst drawdown: PSEP -9.9% vs WEEL -17.4%.
Should I hold both PSEP and WEEL?
PSEP and WEEL have a monthly-return correlation of 0.84, 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, PSEP or WEEL?
PSEP yields 0.00% while WEEL yields 12.41%, so WEEL currently pays the higher dividend yield.
Is WEEL better than PSEP?
PSEP 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.