Skip to content
etf.net

Launched · SEC filings

Simplify Target 15 Distribution ETF

XVNYSE ArcaSimplifyC

$23.65+0.03 (+0.13%)

At close: Nov 2, 2026, 4:00 PM ET

C46/ 100

Rank 12 of 24 in Other Index Option Income

C46/100Rank 12 of 24inOther Index Option Income
Intraday session: up, 79 prints from 23.62 to 23.65. Range 23.64 to 23.80. Use the arrow keys to read each point.23.7023.7523.8010 AM12 PM2 PM4 PM
Expense ratio
0.76%*
Fund size
$105M
1Y total return
+7.0%
Yield · Last 12 months
20.61%
Holdings
9
Avg volume · 30D
55.2K sh
52W range
low $23.40high $27.47
Launched
Filings
SEC EDGAR

*After a fee waiver that ends Oct 31, 2027. Without it: 0.86%.

The ETF.net XV Grade

Based on 5 of 6 pillars

C

Score 46 out of 100

Category
Other Index Option Income⁠
Rank
12 of 24
Six-pillar profile for XV. Scores out of 100: Cost 37, Risk 58, Mission not scored, Tradability 50, Holdings 42, Durability 64. Strongest: Durability (64). Weakest: Cost (37). Based on 5 of 6 pillars.

Score 46 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D37 out of 100
    Rank 14 of 24

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B58 out of 100
    Rank 12 of 24

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C50 out of 100
    Rank 11 of 24

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C42 out of 100
    Rank 11 of 16

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B64 out of 100
    Rank 12 of 24

Our read on XV

ETF.net Research

In short

CMost income ETFs pay out whatever their options happen to earn. XV flips the order: the 15% annualized target comes first, and the barriers on its ladder of put options are set to support it. Monthly payouts, risk line drawn in advance.

Stated mandate

XV seeks to generate a 15% annualized distribution paid monthly by selling a laddered portfolio of barrier put options. Barrier levels are adjusted to support the target, while losses may occur after a barrier is breached.

Why people hold it

  • The payout rate is the input, not the leftover. Barrier levels on a laddered book of put options are adjusted to support a 15% annualized distribution, paid monthly.simplify.us
  • Barrier puts draw the risk line in advance: losses come after a barrier is breached, not from every wobble in the market, so the exposure is quantifiable up front.simplify.us
  • A structured-note-style payoff without the note. A 1940 Act ETF you can buy and sell on exchange any day the market is open, distributing monthly.simplify.us
  • The 0.75% expense ratio sits at the median for option-income funds, mid-pack rather than the premium end, for machinery that is far from plain vanilla.

Worth knowing

  • Worst-of pricing means the weakest of three baskets (US large cap, small cap, growth) sets the outcome. A breach there bites even if the other two hold up.simplify.us
  • Simplify discloses that distributions can include return of capital, your own money coming back, which reduces NAV rather than adding to it.simplify.us
  • It launched in 2025 and trades thinly next to the category giants, so spreads can be wider and there is little history behind the target.

XV Performance

Launched Apr 14, 2025

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
XV$10,697
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. XV $10,697. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for XV. Periods over one year show the average yearly return.
PeriodXV
Year to date+5.3%
1 month−0.8%
3 months+0.9%
1 year+7.0%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for XV
YearReturn barXV
2026 YTD+5.3%
2025+17.4%

History from Apr 15, 2025

XV in the news

XV Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
20.61%Last 12 months
Payout per share
$4.87Last 12 months
Last payment
$0.30 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution history

2025–2026

One bar per payment. 18 payments from 2025 to 2026 YTD. May 27, 2025 $0.32; Jun 25, 2025 $0.33; Jul 28, 2025 $0.33; Aug 26, 2025 $0.33; Sep 25, 2025 $0.33; Oct 28, 2025 $0.33; Nov 21, 2025 $0.33; Dec 23, 2025 $1.51; Jan 27, 2026 $0.32; Feb 24, 2026 $0.31; Mar 26, 2026 $0.30; Apr 27, 2026 $0.30; May 26, 2026 $0.30; Jun 25, 2026 $0.30; Jul 28, 2026 $0.30; Aug 26, 2026 $0.30; Sep 25, 2026 $0.30; Oct 27, 2026 $0.30. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Oct 27, 2026Oct 30, 2026$0.30
Sep 25, 2026Sep 30, 2026$0.30
Aug 26, 2026Aug 31, 2026$0.30
Jul 28, 2026Jul 31, 2026$0.30
Jun 25, 2026Jun 30, 2026$0.30
May 26, 2026May 29, 2026$0.30
Apr 27, 2026Apr 30, 2026$0.30
Mar 26, 2026Mar 31, 2026$0.30
Feb 24, 2026Feb 27, 2026$0.31
Jan 27, 2026Jan 30, 2026$0.32
Dec 23, 2025Dec 31, 2025$1.51
Nov 21, 2025Nov 28, 2025$0.33

See all 18 payments⁠

$10,000 in XV 1 year ago paid $1,816 in dividends.⁠

XV Risk

Risk pillarB58 out of 100Rank 12 of 24 in Other Index Option Income
How much the fund’s monthly returns vary, scaled to a year.
7.7%
Annualised · 18 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.11
vs 3-month T-bills · 18 months to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−5.7%
18 months · trough Mar 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.55
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

XV Cost

Compare XV and EDGX

Overpaying vs EDGX, cheapest in Other Index Option Income

$14,656

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

  • XV 0.76%

    $14,656

  • EDGX 0.00% Cheapest

    $0

$10,000
30 years

Cost over time

  • XV 0.76%
  • EDGX 0.00%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530XV $14,656EDGX $0

Year by year

YearXVEDGXOverpaying
10$1,353$0$1,353
20$5,142$0$5,142
30$14,656$0$14,656
How the 0.76% is worked out

Full fee 0.86%− waiver 0.10%= you pay 0.76%

The waiver ends Oct 31, 2027. After that the fee is 0.86% unless Simplify renews it. Source: prospectus, Oct 2026.

Other funds in Other Index Option Income

See others