Simplify Target 15 Distribution ETF
$24.56−0.12 (−0.49%)
- Expense ratio
- 0.75%
- Fund size
- $86M
- 1Y return
- +11.7%
- Yield · Last 12 months
- 19.97%
- Holdings
- 5
- Volume · 30D
- 0M sh
- NAV per share
- $24.57
- 52W range
The ETF.net XV Grade
Score 43 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.DScore 30Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 63Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 44Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 46Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 64Category rank
Our read on XV
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.
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 Holdings
- Stocks
- 5
- 104%
- SBIL
Sectors
Geography
XV Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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.
| Period | XV |
|---|---|
| Year to date | +7.4% |
| 1 month | −0.0% |
| 3 months | +2.8% |
| 1 year | +11.7% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | XV |
|---|---|---|
| 2026 YTD | +7.4% | |
| 2025 | +17.4% |
XV in the news
ETF.net Research hasn’t filed on XV yet — coverage lands here as it’s written.
XV Dividends
- 19.97%
- $4.93
- $0.30 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 26, 2026 | Aug 31, 2026 | $0.30 |
| Jul 28, 2026 | Jul 31, 2026 | $0.30 |
| Jun 25, 2026 | Jun 30, 2026 | $0.30 |
| May 26, 2026 | May 29, 2026 | $0.30 |
| Apr 27, 2026 | Apr 30, 2026 | $0.30 |
| Mar 26, 2026 | Mar 31, 2026 | $0.30 |
| Feb 24, 2026 | Feb 27, 2026 | $0.31 |
| Jan 27, 2026 | Jan 30, 2026 | $0.32 |
| Dec 23, 2025 | Dec 31, 2025 | $1.51 |
| Nov 21, 2025 | Nov 28, 2025 | $0.33 |
| Oct 28, 2025 | Oct 31, 2025 | $0.33 |
| Sep 25, 2025 | Sep 30, 2025 | $0.33 |
XV Risk
- 7.7%
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.
- 1.49
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.
- −5.7%
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.
- 0.54
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
XV Cost
- The middle half of Other Index Option Income funds
- Median 0.74%
13 of the 23 Other Index Option Income funds charge less.