ONEZ vs WEEL
TrueShares Seasonality Laddered Buffered ETF vs Peerless Option Income Wheel ETF
Which is better, ONEZ or WEEL?
WEEL has been ahead.
ONEZ 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 | ONEZ | WEEL |
|---|---|---|
| Expense Ratio | 0.96%Best | 0.99% |
| AUM | $356M | $49M |
| Dividend Yield | 3.63% | 12.87% |
| Holdings | 32 | 41 |
| YTD Return | +7.97%Best | +7.30% |
| 1Y Return | +6.09% | +11.19%Best |
| Volatility (annualized) | 9.4% | 7.4%Best |
| Max Drawdown | -13.2%Best | -17.4% |
| $10,000 over 1.7 years | $11,314 | $12,230Best |
| Fund Family | TrueShares | Peerless ETFs |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Jan 27, 2025 | May 16, 2024 |
Not shown on this pair: 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.7 years row, are measured over the window both funds cover: Jan 27, 2025 to Oct 14, 2026 (1.7 years).
ONEZ 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 1.7 years both funds cover.
ONEZ vs WEEL Performance
TrueShares Seasonality Laddered Buffered ETF (ONEZ) is an ETF from TrueShares and Peerless Option Income Wheel ETF (WEEL) is an ETF from Peerless ETFs. Over the past year ONEZ returned +6.09% while WEEL returned +11.19%. Year to date, ONEZ is up 7.97% versus a gain of 7.30% for WEEL.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ONEZ has been the more volatile fund, with annualized monthly volatility of 9.4% compared with 7.4% 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 -13.2% for ONEZ 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 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ONEZ charges 0.96% per year while WEEL charges 0.99%. On a $10,000 position that is $96 vs $99 annually, a gap of $3 per year that compounds over a long holding period. On income, ONEZ currently yields 3.63% against 12.87% for WEEL.
Holdings Overlap
We hold position weights for 16 holdings in ONEZ and 13 in WEEL, totalling 100.0% and 61.4% 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 16 positions we hold weights for in ONEZ and 13 in WEEL, against full books of 32 and 41.
You are not choosing between two funds in isolation.
Whichever of ONEZ 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, ONEZ or WEEL?
ONEZ has an expense ratio of 0.96% while WEEL charges 0.99%. ONEZ is the cheaper option, by $3 a year on a $10,000 investment.
Which performed better, ONEZ or WEEL?
Over the past year ONEZ returned +6.09% vs +11.19% for WEEL, so WEEL leads on 1-year performance. Over the longest common window we track (2 years), ONEZ annualized +7.53% vs +12.57% for WEEL. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ONEZ or WEEL?
ONEZ has been the more volatile fund at 9.4% annualized versus 7.4% for WEEL. Worst drawdown: ONEZ -13.2% vs WEEL -17.4%.
Should I hold both ONEZ and WEEL?
ONEZ and WEEL have a monthly-return correlation of 0.79, 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, ONEZ or WEEL?
ONEZ yields 3.63% while WEEL yields 12.87%, so WEEL currently pays the higher dividend yield.
Is WEEL better than ONEZ?
ONEZ 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.