Simplify Ancorato Target 25 Distribution ETF
AThis fund concentrates its exposure in one company, using derivatives rather than holding the shares directly. Its results depend on that single stock.
$23.25−0.20 (−0.85%)
- 0.85%
- $57M
- 0M sh
- $23.57
- low $21.55high $27.56
The ETF.net XXV Grade
A
Score 83 out of 100
- 3 of 72
Score 83 of 100 falls in the A 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.A96 out of 100Rank 3 of 72Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A88 out of 100Rank 5 of 66Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B59 out of 100Rank 22 of 72Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A70 out of 100Rank 3 of 9Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B65 out of 100Rank 20 of 72
Our read on XXV
AStructured-note income without the bank. XXV sells barrier put options on single stocks, and sometimes worst-of baskets, chasing an aspirational 25% annualized payout, with the options rolled continuously. The top rung of Simplify's barrier-income ladder.
XXV seeks high monthly income through selling barrier put options referencing individual stocks, with possible use of worst-of baskets of individual stocks. Its 25% annualized distribution goal is aspirational and not guaranteed.
Why people hold it
- 0.85% a year sits below the going rate in its single-stock options-income cohort, where peers like BRKC and TSMY run near 1%.
- Options are rolled automatically and continuously, and the ETF wrapper strips out the bank credit risk you take on with a traditional structured note.simplify.ussimplify.us
- Built around cash flow: barriers are adjusted to levels designed to support a 25% annualized distribution target, paid monthly.simplify.us
- Sub-advised by Ancorato Capital, a structured-products specialist, and one of the stronger implementations in a crowded options-income field.simplify.us
Worth knowing
- Barriers cushion, they do not erase. Selling puts on single stocks means the fund wears the loss when a reference name breaks through its barrier.simplify.us
- The 25% figure is an aspirational goal, not a promise, and distributions may include return of capital, which is your own money coming back.
- Launched in late 2025 and thinly traded, so bid-ask spreads can cost more than the expense ratio on the way in and out.
XXV Holdings
- Stocks
- 7
- 109%
- SBIL
Geography
- United States100.00%
XXV Performance
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.Not enough history yet.
XXV$11,116
Returns run to the Oct 12, 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 | XXV |
|---|---|
| Year to date | +11.2% |
| 1 month | +2.6% |
| 3 months | +6.1% |
| 1 year | — |
| 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 | XXV |
|---|---|---|
| 2026 YTD | +11.2% | |
| 2025 | +4.1% |
XXV in the news
XXV Dividends
- $0.49 per share
- Monthly
Distribution data unavailable.
Distribution history
XXV Risk
- —
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.
- —
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.
- —
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.
- 0.66
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
XXV Cost
0.85%
XXV0.85%
- The middle half of Single-Stock Option Income funds
- Median 1.07%
2 of the 71 Single-Stock Option Income funds charge less.
Other funds in Single-Stock Option Income
- AKWINKraneShares Wahed Alternative Income Index ETFExpense ratio 0.51%1 year return —
- AACYQFT Vest Autocallable Barrier & High Income ETFExpense ratio 0.75%1 year return —
- ATSMYYieldMax TSM Option Income Strategy ETFExpense ratio 1.01%1 year return +51.5%
- ASNOYYieldMax SNOW Option Income Strategy ETFExpense ratio 1.00%1 year return +48.5%
- BBRKCYieldMax BRK.B Option Income Strategy ETFExpense ratio 1.01%1 year return +3.2%