WEEL vs QIS
Comparison between PEERLESS OPTION INCOME WHEEL ETF (WEEL, ETF) and SIMPLIFY MULTI-QIS ALTERNATIVE ETF (QIS, ETF).
WEEL vs QIS - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
WEEL
$39M
QIS
$39M
Expense Ratio
Winner
WEEL
0.99%
QIS
1.21%
Max Drawdown
Winner
WEEL
21.97%
QIS
62.61%
Sharpe Ratio
Winner
WEEL
1.40
QIS
-1.68
5Y Beta
WEEL
0.68
Winner
QIS
0.33
WEEL vs QIS - Holdings Comparison
WEEL and QIS have 1 common holdings. Overlap is -7.87%
WEEL's top 25 holdings weight is 66.62%. QIS's top 25 holdings weight is 71.40%.
| Rank | WEEL | QIS |
|---|---|---|
| #1 | FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 16.98% | SIMPLIFY CHINA A SHARES PLUS INCOME ETF (CAS) - 20.86% |
| #2 | OTHER ASSETS AND LIABILITIES (n/a) - 11.42% | CASH (n/a) - 5.85% |
| #3 | ARK INNOVATION ETF (ARKK) - 8.28% | SIMPLIFY US EQ PLUS MGD FUTS STGY ETF (CTAP) - 5.48% |
| #4 | KRANESHARES CSI CHINA INTERNET ETF (KWEB) - 4.84% | SIMPLIFY ANCORATO TARGET 25 DIST ETF (XXV) - 4.95% |
| #5 | VANECK GOLD MINERS ETF (GDX) - 4.48% | TRS UBSMQLTP SOFR &30 111326 (n/a) - 4.41% |
| #6 | STATE STREET®UTILSELSECTSPDR®ETF (XLU) - 4.44% | n/a (DELL) - 2.66% |
| #7 | INVESCO QQQ TRUST (QQQ) - 4.12% | CISCO SYSTEMS INC (CSCO) - 1.71% |
| #8 | ISHARES EXPANDED TECH-SOFTWARE SECT ETF (IGV) - 3.77% | BROADCOM INC (AVGO) - 1.64% |
| #9 | ISHARES US HOME CONSTRUCTION ETF (ITB) - 2.23% | MONOLITHIC POWER SYSTEMS INC (MPWR) - 1.60% |
| #10 | STATE STREET®ENGYSELSECTSPDR®ETF (XLE) - 2.21% | CADENCE DESIGN SYSTEMS INC (CDNS) - 1.58% |
| #11 | STATE STREET®HLTHCRSELSECTSPDR®ETF (XLV) - 1.98% | LAM RESEARCH CORP (LRCX) - 1.51% |
| #12 | ISHARES SILVER TRUST (SLV) - 1.26% | UNITEDHEALTH GROUP INC (UNH) - 1.50% |
| #13 | IPATH® B S&P 500® VIX S/T FUTS„¢ ETN (VXX) - 0.48% | INTERNATIONAL BUSINESS MACHINES CORP (IBM) - 1.48% |
| #14 | CASH OFFSET (n/a) - 0.22% | UNITED RENTALS INC (URI) - 1.44% |
| #15 | XLV US 06/18/26 C156 (n/a) - 0.00% | APPLIED MATERIALS INC (AMAT) - 1.42% |
| #16 | IYR US 06/18/26 P102 (n/a) - 0.00% | KLA CORP (KLAC) - 1.41% |
| #17 | XLI US 06/18/26 P175 (n/a) - -0.01% | SOUTHERN COPPER CORP (SCCO) - 1.38% |
| #18 | IGV US 06/18/26 C98 (n/a) - -0.01% | FREEPORT-MCMORAN INC (FCX) - 1.37% |
| #19 | XRT US 06/18/26 P85.5 (n/a) - -0.01% | APPLE INC (AAPL) - 1.35% |
| #20 | XBI US 06/18/26 P131.5 (n/a) - -0.01% | SYNOPSYS INC (SNPS) - 1.32% |
| #21 | IWM US 06/18/26 P287 (n/a) - -0.01% | CORPAY INC (CPAY) - 1.32% |
| #22 | KRE US 06/18/26 P71 (n/a) - -0.01% | MONSTER BEVERAGE CORP (MNST) - 1.31% |
| #23 | ITB US 06/18/26 C102.5 (n/a) - -0.01% | W.W. GRAINGER INC (GWW) - 1.29% |
| #24 | EEM US 06/18/26 P65.5 (n/a) - -0.01% | MICROSOFT CORP (MSFT) - 1.28% |
| #25 | QQQ US 06/18/26 P720 (n/a) - -0.01% | AGILENT TECHNOLOGIES INC (A) - 1.28% |
| Total Holdings | 34 | 226 |
WEEL vs QIS - Historical Returns
Returns include dividend reinvestment.
1M
Winner
WEEL
+2.08%
QIS
+0.76%
3M
Winner
WEEL
+2.13%
QIS
-10.63%
6M
Winner
WEEL
+5.28%
QIS
-28.87%
1Y
Winner
WEEL
+16.34%
QIS
-48.87%
Max(CAGR)
Winner
WEEL
+12.70%
QIS
-22.90%
WEEL vs QIS - Annual Returns (2023 - 2026)
Returns include dividend reinvestment.
| Year | WEEL | QIS |
|---|---|---|
| 2026 | +6.37% | -27.34% |
| 2025 | +17.60% | -37.75% |
| 2024 | +3.36% | +0.11% |
| 2023 | N/A | +1.95% |
WEEL vs QIS Drawdown Comparison
The maximum drawdown for WEEL was -17.43%, occurring on Apr 8, 2025. Recovery took 91 trading sessions.
The maximum drawdown for QIS was -61.26%, occurring on Jul 10, 2026. This drawdown has not yet recovered.
The current QIS drawdown is -57.86%.
| Rank | WEEL | QIS |
|---|---|---|
| #1 | -17.43% Feb 10, 2025 - Jun 23, 2025 | -61.26% Oct 1, 2024 - Jul 10, 2026 |
| #2 | -4.83% Jul 15, 2024 - Aug 23, 2024 | -4.21% May 28, 2024 - Oct 1, 2024 |
| #3 | -4.61% Dec 3, 2024 - Jan 21, 2025 | -2.56% Oct 5, 2023 - Feb 28, 2024 |
| #4 | -4.56% Feb 25, 2026 - Apr 13, 2026 | -1.33% Apr 3, 2024 - Apr 25, 2024 |
| #5 | -2.67% Nov 11, 2025 - Nov 25, 2025 | -1.17% Aug 28, 2023 - Sep 6, 2023 |
| #6 | -2.46% Jan 22, 2026 - Feb 20, 2026 | -1.03% Apr 25, 2024 - May 28, 2024 |
| #7 | -2.36% Aug 23, 2024 - Sep 13, 2024 | -1.01% Feb 28, 2024 - Mar 11, 2024 |
| #8 | -2.31% Jun 4, 2026 - Jun 15, 2026 | -0.81% Mar 11, 2024 - Mar 15, 2024 |
| #9 | -1.92% Jun 15, 2026 - Jul 6, 2026 | -0.50% Aug 22, 2023 - Aug 25, 2023 |
| #10 | -1.71% Nov 7, 2024 - Nov 25, 2024 | -0.44% Mar 15, 2024 - Mar 26, 2024 |
| #11 | -1.58% Apr 17, 2026 - May 11, 2026 | -0.40% Oct 3, 2023 - Oct 5, 2023 |
| #12 | -1.56% May 11, 2026 - May 26, 2026 | -0.39% Sep 12, 2023 - Sep 22, 2023 |
| #13 | -1.45% Oct 8, 2025 - Oct 14, 2025 | -0.38% Sep 29, 2023 - Oct 3, 2023 |
| #14 | -1.43% Oct 27, 2025 - Nov 11, 2025 | -0.36% Aug 8, 2023 - Aug 15, 2023 |
| #15 | -1.38% Jul 25, 2025 - Aug 5, 2025 | -0.33% Sep 26, 2023 - Sep 29, 2023 |
Correlation
Correlation between WEEL and QIS is -0.95 which considered as a very strong negative correlation - the stocks move almost identically in opposite directions.
-0.95
-101
Dividend Comparison (2023 - 2026)
WEEL vs QIS dividend yield comparison.
| Year | WEEL | QIS |
|---|---|---|
| 2026 | 5.96% | 0.95% |
| 2025 | 12.72% | 3.37% |
| 2024 | 6.88% | 1.07% |
| 2023 | 0.00% | 3.28% |
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