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RECI vs WEEL

Columbia Research Enhanced Core Premium Income ET

RECIANYSE Arca

Peerless Option Income Wheel ETF

WEELCNYSE Arca

Overlap

Expense ratio

RECI −0.69pt a year

RECI0.30%WEEL0.99%

Avg volume · 30D

RECI 1.3×the volume

RECI28KWEEL21.7K

RECI vs WEEL Performance

Jul 31, 2026 – Oct 30, 2026

+3.2%RECI+0.5%WEEL

Jul 31, 2026 to Oct 30, 2026. RECI +3.2%. WEEL +0.5%. Use the arrow keys to read each point.1%2%4%Jul 2026Sep 2026Oct 2026
Expense ratio
RECI 0.30%, better
WEEL 0.99%
Fund size
RECI $10M
WEEL $50M
1Y total return
RECI No data
WEEL +9.2%
Yield (12M)
RECI No data
WEEL 13.04%
Holdings
RECI 356
WEEL 20
Avg volume (30D)
RECI 28K sh, better
WEEL 21.7K sh
NAV per share
RECI $20.49
WEEL $19.87
52W range

ETF.net Grade

RECI: Cost 100, Risk 87, Mission not scored, Tradability 73, Holdings 61, Durability 45. WEEL: Cost 39, Risk 74, Mission not scored, Tradability 38, Holdings 22, Durability 57.
Pillar letters and Scores for RECI, WEEL, with each pillar’s weight
PillarRECIWEEL
Cost30% weightA100HigherD39
Mission25% weightNot scoredNot scored
Risk15% weightA87HigherA74
Tradability15% weightA73HigherD38
Holdings10% weightB61HigherF22
Durability5% weightC45B57Higher

Rank among Active Option Income funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. RECI and WEEL are both graded against the same 50 Active Option Income funds, so their Grades compare head to head.

Active Option Income⁠

Category · 50 funds
See all 50 ›

RECI ranks 1st and WEEL 25th of 50 funds in the Active Option Income Category.

  1. Rank 1ARECIColumbia Research Enhanced Core Premium Income ETScore 83
  2. Rank 2ATCALT. Rowe Price Capital Appreciation Premium Income ETFScore 80
  3. Rank 25CFIZYFitz-Gerald Must Have Portfolio® and Options Overlay ETFScore 44
  4. Rank 25CWEELPeerless Option Income Wheel ETFScore 44
  5. Rank 29CGRNIFundstrat Granny Shots US Large Cap & Income ETFScore 43

Our read on each fund

ETF.net Research

RECIAColumbia Research Enhanced Core Premium Income ET

WEELCPeerless Option Income Wheel ETF

In short

RECI No data

WEEL The DIY option wheel in a ticker: sell cash-secured puts on sector ETFs, take the shares if assigned, write covered calls, repeat. Launched in 2024, it runs on option premiums rather than dividends.

Stated mandate

RECI No data

WEEL The actively managed ETF seeks current income by investing in sector-specific ETFs and sometimes individual securities, then applying an option-wheel strategy that writes options on those holdings.

Why people hold it

RECI No data

  • WEEL Automated wheel: out-of-the-money cash-secured puts on sector ETFs, assignment when they land in the money, then covered calls on what it owns. No rolls for you to manage.peerlessetfs.commutualfunds.com
  • Written puts are collateralized with cash or short-term Treasuries, so there is no naked short-option leg.mutualfunds.com
  • Sector ETFs, allocated with GICS as the frame, form the base rather than single-name bets.mutualfunds.com
  • Peerless frames it as an income path to equity-like returns with less volatility than the major equity indexes.peerlessetfs.com

Worth knowing

RECI No data

  • WEEL At 0.99% it costs a bit more than the typical options-income fund and well above cheaper peers such as PAPI (0.29%) and DIVO (0.56%).
  • Covered calls trim gains above the strike, and while puts sit unassigned the money waits in Treasury bills instead of stocks.mutualfunds.com
  • Small fund, light volume, non-diversified: limit orders and a glance at the spread are worth the extra click.aaii.com

Full RECI profile⁠

Full WEEL profile⁠

RECI vs WEEL Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

RECI vs WEEL Cost

Overpaying WEEL vs RECI

$12,376

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • RECI 0.30%

    $6,149

  • WEEL 0.99%

    $18,525

$10,000
30 years

Cost over time

  • RECI 0.30%
  • WEEL 0.99%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530WEEL $18,525RECI $6,149

Year by year

YearRECIWEELOverpaying
10$545$1,746$1,201
20$2,113$6,565$4,452
30$6,149$18,525$12,376

Expense ratio

  • 0.30%RECI, cheaper
  • 0.99%WEEL
  • Middle half of Active Option Income funds
  • Median 0.95%

RECI cheapest of 50 funds

WEEL 29th cheapest of 50 funds

RECI vs WEEL Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
RECI No data
WEEL 13.04%
Payout (12M)
RECI No data
WEEL $2.55
Last payment
RECI $0.03
WEEL $0.60
Ex-dividend
RECI Oct 1, 2026
WEEL Sep 24, 2026
Paid on
RECI Oct 5, 2026
WEEL Sep 25, 2026
Frequency
RECI Monthly
WEEL Quarterly

Distribution history

Per share, 2024 to 2026, same scale for both

RECIMonthly · 2 paymentsAll RECI payments⁠
One bar per payment. 2 payments from 2024 to 2026 YTD. Sep 1, 2026 $0.14; Oct 1, 2026 $0.03. Use the arrow keys to read each point.$0$0.502026YTD
WEELQuarterly · 9 paymentsAll WEEL payments⁠
One bar per payment. 9 payments from 2024 to 2026 YTD. Sep 25, 2024 $0.60; Dec 27, 2024 $0.73; Mar 27, 2025 $0.60; Jun 26, 2025 $0.60; Sep 25, 2025 $0.60; Dec 30, 2025 $0.75; Mar 26, 2026 $0.60; Jun 25, 2026 $0.60; Sep 24, 2026 $0.60. Use the arrow keys to read each point.$0$0.502026YTD

RECI vs WEEL Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
RECI No dataWEEL 7.5%since Jun 2024
Return per unit of riskSharpe ratio, 3 years
RECI No dataWEEL 0.91since Jun 2024
Worst fallMax drawdown, 5 years
RECI No dataWEEL −17.4%since May 2024
Market sensitivityBeta, 5 years
RECI 0.00WEEL 0.68

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