---
ticker: "WEEL"
name: "Peerless Option Income Wheel ETF"
url: "https://etf.net/etf/WEEL"
grade: "D"
score: 38
graded_at: "2026-10-12"
category: "Active Option Income"
category_rank: "34 of 51"
methodology: "https://etf.net/methodology"
---

# WEEL: Peerless Option Income Wheel ETF

Grade **D**, Score 38 of 100. Rank 34 of 51 in Active Option Income.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 17 | 42 of 51 |
| Mission | Not scored | — |
| Risk | 80 | 5 of 46 |
| Tradability | 35 | 37 of 51 |
| Holdings | Not scored | — |
| Durability | 56 | 25 of 51 |

## Top holdings

The fund holds 19 positions. These are the largest 19, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | United States Treasury Bill 11/12/2026 | 18.03% |
| 2 | — | United States Treasury Bill 10/29/2026 | 12.67% |
| 3 | — | United States Treasury Bill 10/15/2026 | 11.67% |
| 4 | — | Cash & Other | 10.94% |
| 5 | KRE | State Street SPDR S&P Regional Banking ETF | 7.91% |
| 6 | — | United States Treasury Bill 11/27/2026 | 5.94% |
| 7 | KWEB | KraneShares CSI China Internet ETF | 4.80% |
| 8 | XLU | State Street Utilities Select Sector SPDR ETF | 4.41% |
| 9 | XLI | State Street Industrial Select Sector SPDR ETF | 4.33% |
| 10 | QQQ | Invesco QQQ Trust Series 1 | 3.23% |
| 11 | IYR | iShares U.S. Real Estate ETF | 2.95% |
| 12 | GDX | VanEck Gold Miners ETF/USA | 2.83% |
| 13 | IWM | iShares Russell 2000 ETF | 2.46% |
| 14 | XLV | State Street Health Care Select Sector SPDR ETF | 2.27% |
| 15 | — | First American Government Obligations Fund 12/01/2031 | 2.13% |
| 16 | ITB | Ishares Trust Dj Home Constn | 1.48% |
| 17 | SLV | iShares Silver Trust | 0.90% |
| 18 | VXX | iPath Series B S&P 500 VIX Short-Term Futures ETN | 0.56% |
| 19 | ASHR | Xtrackers Harvest CSI 300 China A-Shares ETF | 0.50% |

Source: etf.net, https://etf.net/etf/WEEL. Please cite the page URL.