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Launched

Simplify Ancorato Target 25 Distribution ETF

XXVNYSE ArcaSimplifyAThis fund concentrates its exposure in one company, using derivatives rather than holding the shares directly. Its results depend on that single stock.

$21.02−0.37 (−1.73%)

As of Nov 2, 2026, 3:59 PM ET

A84/ 100

Rank 2 of 72 in Single-Stock Option Income

A84/100Rank 2 of 72inSingle-Stock Option Income
Intraday session: down, 76 prints from 21.39 to 21.02. Range 21.01 to 21.36. Use the arrow keys to read each point.21.1021.2021.3010 AM12 PM2 PM4 PM
Expense ratio
0.78%*
Fund size
$51M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
6
Avg volume · 30D
31.8K sh
52W range
low $21.26high $27.56
Launched

*After a fee waiver that ends Oct 31, 2027. Without it: 0.83%.

The ETF.net XXV Grade

Based on 5 of 6 pillars

A

Score 84 out of 100

Category
Single-Stock Option Income⁠
Rank
2 of 72
Six-pillar profile for XXV. Scores out of 100: Cost 97, Risk 86, Mission not scored, Tradability 64, Holdings 70, Durability 65. Strongest: Cost (97). Weakest: Tradability (64). Based on 5 of 6 pillars.

Score 84 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.
    A97 out of 100
    Rank 3 of 72

  • 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.
    A86 out of 100
    Rank 5 of 70

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B64 out of 100
    Rank 16 of 72

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A70 out of 100
    Rank 3 of 11

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B65 out of 100
    Rank 24 of 72

Our read on XXV

ETF.net Research

In short

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.

Stated mandate

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 2
  • 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 Performance

Launched Nov 17, 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.Not enough history yet.
XXV$10,351
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,169
Dec 31, 2025 to Oct 30, 2026. XXV $10,351. SPY $11,169. Use the arrow keys to read each point.$10,000$11,000Dec 2025Jun 2026Oct 2026

Dec 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 XXV. Periods over one year show the average yearly return.
PeriodXXV
Year to date+3.5%
1 month−4.9%
3 months+2.6%
1 yearFund is under 1 year oldNo data
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 XXV
YearReturn barXXV
2026 YTD+3.5%
2025+4.1%

History from Nov 18, 2025

XXV in the news

XXV Dividends

Last payment
$0.46 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 11 payments from 2025 to 2026 YTD. Dec 23, 2025 $0.60; Jan 27, 2026 $0.54; Feb 24, 2026 $0.50; Mar 26, 2026 $0.48; Apr 27, 2026 $0.48; May 26, 2026 $0.48; Jun 25, 2026 $0.48; Jul 28, 2026 $0.47; Aug 26, 2026 $0.49; Sep 25, 2026 $0.49; Oct 27, 2026 $0.46. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Oct 27, 2026Oct 30, 2026$0.46
Sep 25, 2026Sep 30, 2026$0.49
Aug 26, 2026Aug 31, 2026$0.49
Jul 28, 2026Jul 31, 2026$0.47
Jun 25, 2026Jun 30, 2026$0.48
May 26, 2026May 29, 2026$0.48
Apr 27, 2026Apr 30, 2026$0.48
Mar 26, 2026Mar 31, 2026$0.48
Feb 24, 2026Feb 27, 2026$0.50
Jan 27, 2026Jan 30, 2026$0.54
Dec 23, 2025Dec 31, 2025$0.60

XXV Risk

Risk pillarA86 out of 100Rank 5 of 70 in Single-Stock Option Income
How much the fund’s monthly returns vary, scaled to a year.
Launched Nov 2025; fills in after 12 months
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.
Launched Nov 2025; fills in after 12 months
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.
Launched Nov 2025; fills in after 12 months
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.
0.71
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.

XXV Cost

Compare XXV and KWIN

Overpaying vs KWIN, cheapest in Single-Stock Option Income

$4,837

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

  • XXV 0.78%

    $15,002

  • KWIN 0.51% Cheapest

    $10,165

$10,000
30 years

Cost over time

  • XXV 0.78%
  • KWIN 0.51%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530XXV $15,002KWIN $10,165

Year by year

YearXXVKWINOverpaying
10$1,388$918$470
20$5,268$3,527$1,741
30$15,002$10,165$4,837
How the 0.78% is worked out

Full fee 0.83%− waiver 0.05%= you pay 0.78%

The waiver ends Oct 31, 2027. After that the fee is 0.83% unless Simplify renews it. Source: prospectus, Oct 2026.

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