The Index Wheeler

Single-ticker wheel strategy on the Russell 2000 ETF. Provides broad small-cap exposure with high liquidity. Simplest portfolio to follow and replicate.

IWM QQQ SPY
+2.8%
Total Return (Oct 2025 – Present)
$23,123
Current NAV
$66
Income YTD
0.9%
Ann. Yield
Win Rate
4.0%
Max Drawdown

Portfolio Summary

Premium income on the most liquid ETFs on the planet

IWM
$10,744
+7.44%
SPY
$10,382
+3.82%
QQQ
$10,322
+3.22%
Strategy

The "Index Wheeler" portfolio implements a diversified covered call strategy across three major U.S. equity index ETFs, targeting income generation through systematic option selling while maintaining broad market exposure. By allocating capital across small-cap (IWM), tech-heavy growth (QQQ), and large-cap (SPY) indices, the strategy seeks to generate yield premiums above the underlying dividend yields while managing volatility through the wheel strategy framework.

Why Index Wheel?

The simplest wheel strategy possible. SPY, QQQ, and IWM—the most liquid ETFs on the planet. Perfect for traders who want index exposure plus premium income without picking individual stocks.

$10,000 Investment Growth (2025)

How each holding would perform with equal $10K allocation

No growth data available

Maximum Drawdown Analysis

Protection ratings during market downturns

No drawdown data available

Income Analysis

Annual income on $10K allocation per holding

No income data available

Monthly Returns Heatmap

Month-by-month performance tracking

No monthly returns data available

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