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WEEL ETF — Peerless Option Income Wheel ETF
Peerless Option Income Wheel ETF (WEEL)
Updated October 16, 2026.
Verdict as of October 16, 2026
WEEL's distribution is rated safe by the Dividend Vision Distribution Safety Score™ (84/100, high confidence). It pays quarterly and its distribution rate is 12.24%. The latest total cash payment per current share, $0.60 with an ex-date of September 24, 2026, was unchanged from the previous payment. These payments are unclassified; this does not establish a base-dividend change.
Sources: Peerless ETFs page for WEEL, Section 19a-1 notices, scoring methodology.
WEEL is an ETF. its distribution rate is 12.24%, its trailing-12-month yield is 13.01%, its expense ratio is 0.99%. Dividend Vision Distribution Safety Score™ is 84/100 (Safe). Total return is 30.1% over the past 2.4 years, 18.5 points behind SPY at 48.6%.
WEEL dividend yield and income
Price as of 2026-10-16.
The distribution rate (12.24%) uses calculation basis unavailable. Trailing-12-month yield (13.01%) is the last year of cash distributions by ex-date divided by the current price. The dividend amount is $0.60. The ex-dividend date is 09/24/2026. The payment date is 09/25/2026.
| Ex-date | Amount | Change from previous payment |
|---|---|---|
| 2026-09-24 | $0.6 | 0.0% Unclassified cash |
| 2026-06-25 | $0.6 | 0.0% Unclassified cash |
| 2026-03-26 | $0.6 | -20.0% Unclassified cash |
| 2025-12-30 | $0.75 | 25.0% Unclassified cash |
| 2025-09-25 | $0.6 | 0.0% Unclassified cash |
| 2025-06-26 | $0.6 | 0.0% Unclassified cash |
| 2025-03-27 | $0.6 | -18.0% Unclassified cash |
| 2024-12-27 | $0.732 | 22.0% Unclassified cash |
| 2024-09-25 | $0.6 | — |
| 2024 total (partial launch year) | $1.332 | — |
| 2025 total | $2.55 | — |
| 2026 YTD total | $1.8 | 0.0% vs prior-year YTD |
WEEL dividend growth
Trailing-12-month distributions versus the preceding 12 months changed +0.7%. The 1Y row below uses this same adjacent TTM cash-window comparison.
| Window | Change |
|---|---|
| 1Y | +0.7% |
WEEL holdings and sector exposure
Holdings are not available for this snapshot.
WEEL performance versus SPY
Price and return data through 2026-10-16.
Total return is 30.1% over the past 2.4 years, 18.5 points behind SPY at 48.6%. Over the past year its total return — price change plus distributions reinvested — is 10.9%. Its deepest 1-year drawdown was 4.6%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | -1.5% | — |
| 3M | 0.7% | — |
| 6M | 2.3% | — |
| YTD | 7.0% | — |
| 1Y | 10.9% | — |
| 2Y CAGR | — | 11.00% |
| Since inception (2.4 years) | 30.1% | 11.50% |
WEEL key facts
- Distribution Safety Score™
- 84 · Safe
- Safety-Adjusted Yield
- 10.28%
- Issuer
- Peerless ETFs
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 05/15/2024
- Expense ratio
- 0.99%
- Distribution rate
- 12.24%
- Distribution frequency
- Quarterly
- Trailing yield
- 13.01%
- Last close
- $19.60 (as of 2026-10-16)
- AUM
- $48,834,925
- Average volume
- 22636.0
- Dividend
- $0.60
- Ex-dividend date
- 09/24/2026
- Payment date
- 09/25/2026
- Beta
- 0.4892
How Dividend Vision calculates yield and returns
Distribution rate (12.24%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (13.01%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.
Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology
Sources and review
Primary sources: Peerless ETFs or company page; prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
WEEL risks and drawbacks
Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 4.6%.
Who may consider WEEL — and who may not
WEEL may suit someone looking for a high Distribution Safety Score. It is a weaker fit for investors who need monthly cash flow (WEEL pays quarterly); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.
More on WEEL
Frequently asked questions
Does WEEL pay monthly?
No. WEEL currently pays quarterly, not monthly.
What is WEEL's expense ratio?
WEEL's expense ratio is 0.99%.
What is WEEL's dividend yield?
WEEL's distribution rate is 12.24%, paid quarterly, with a 0.99% expense ratio — calculation basis unavailable.
How has WEEL's dividend grown?
Trailing-12-month distributions versus the preceding 12 months changed +0.7%. That is the same adjacent TTM cash-window comparison used in the dividend-history table.
When does WEEL pay a dividend?
WEEL pays quarterly. The dividend amount is $0.60. The ex-dividend date is 09/24/2026. The payment date is 09/25/2026.
How has WEEL performed?
Total return is 30.1% over the past 2.4 years, 18.5 points behind SPY at 48.6%. Over the past year its total return — price change plus distributions reinvested — is 10.9%. Its deepest 1-year drawdown was 4.6%.
Is WEEL a good investment?
WEEL's Dividend Vision Distribution Safety Score is 84 (Safe). That is a risk signal, not investment advice. Its distribution rate is 12.24% (calculation basis unavailable). Compare peers below rather than treating any single figure as a buy or sell.
More securities from Peerless ETFs.
Tickers
Holdings as-of date unavailable.
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