AMZY vs XXV: Grades, Fees and Holdings Compared

YieldMax AMZN Option Income Strategy ETF

AMZYBNYSE Arca

Simplify Ancorato Target 25 Distribution ETF

XXVANYSE Arca

Overlap

0.0%by weight

Expense ratio

XXV −0.31pt a year

AMZY1.09%XXV0.78%

Avg volume · 30D

AMZY 8.3×the volume

AMZY264KXXV31.8K

AMZY vs XXV Performance

Dec 31, 2025 – Oct 30, 2026

+2.4%AMZY+3.5%XXV

Expense ratio: AMZY 1.09%; XXV 0.78%, better
Fund size: AMZY $212M; XXV $51M
1Y total return: AMZY −1.3%; XXV No data
Yield (12M): AMZY 49.12%; XXV No data
Holdings: AMZY 10; XXV 6
Avg volume (30D): AMZY 264K sh, better; XXV 31.8K sh
NAV per share: AMZY $9.80; XXV $21.35
52W range

ETF.net Grade

Pillar letters and Scores for AMZY, XXV, with each pillar’s weight
Pillar	AMZY	XXV
Cost30% weight	C40	A97Higher
Mission25% weight	A70	Not scored
Risk15% weight	A73	A86Higher
Tradability15% weight	A73Higher	B64
Holdings10% weight	Not scored	A70
Durability5% weight	A87Higher	B65

Rank among Single-Stock Option Income funds

How we build Categories ›

Same Category. AMZY and XXV are both graded against the same 71 Single-Stock Option Income funds, so their Grades compare head to head.

Single-Stock Option Income⁠

Category · 71 funds

See all 71 ›

XXV ranks 3rd and AMZY 13th of 71 funds in the Single-Stock Option Income Category.

Rank 1AKWINKraneShares Wahed Alternative Income Index ETFScore 87
Rank 2AACYQFT Vest Autocallable Barrier & High Income ETFScore 85
Rank 3AXXVSimplify Ancorato Target 25 Distribution ETFScore 84
Rank 4AAAPYKurv Yield Premium Strategy Apple (AAPL) ETFScore 79
Rank 13BAMDYYieldMax AMD Option Income Strategy ETFScore 62
Rank 13BAMZYYieldMax AMZN Option Income Strategy ETFScore 62
Rank 13BBABOYieldMax BABA Option Income Strategy ETFScore 62

Our read on each fund

ETF.net Research

AMZYBYieldMax AMZN Option Income Strategy ETF

XXVASimplify Ancorato Target 25 Distribution ETF

In short

AMZY AMZY never buys a share of Amazon. It builds the exposure with options, sells calls against it, and hands the premium to shareholders as income. The price of that paycheck is a ceiling on the upside.

XXV Structured-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

AMZY The Fund seeks current income while providing exposure to Amazon.com, Inc.'s common-stock share price, subject to a limit on potential gains.

XXV 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

AMZY Income is the mandate, not a byproduct: the fund targets current income from Amazon-linked option exposure and pays it out on a recurring schedule instead of reinvesting.yieldmaxetfs.com
Execution is a strength. Among 64 single-stock option-income funds, its spreads and day-to-day tradability rank near the top of the group.
At 1.09%, it charges less than AMZP, the other Amazon-referenced income wrapper in its cohort, at 1.15%.
Running since 2023 and sitting in the upper half of its cohort, with solid marks for risk control and operational staying power.

XXV 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.us simplify.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

AMZY The trade is explicit in the prospectus: gains on the Amazon exposure are capped, while the downside is not. Big rallies happen without you.yieldmaxetfs.com
Payouts come from option premiums, so they move with Amazon's volatility. No fixed rate is declared, and the size of each distribution varies.
1.09% a year is a real bite, roughly the 1.07% median for this cohort. Option-income wrappers are an expensive aisle across the board.

XXV 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.

Full AMZY profile⁠

Full XXV profile⁠

AMZY vs XXV Holdings

How AMZY and XXV differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of AMZY and 0.0% of XXV.

Level by level

Asset classAlternatives, Equity0.0%
Holdings0 in both0.0%
Countryby domicile100%

Sector

No Sector split for AMZY and XXV.

Country, concentration and asset class

Country by domicile

Country weights in AMZY and XXV, widest gap first
Country	More in AMZYMore in XXV	AMZY	XXV
United States	Same weight	100.0%	100.0%

Concentration

Weight in the 10 largest Holdings

AMZY109.3%
XXV118.0%

Securities held

AMZY9
XXV5

Asset class

AMZY: Alternatives
XXV: Equity

Holdings

Only in AMZY9
In both0
Only in XXV5

Only in AMZY

9 securities, 100% of AMZY by weight

United States Treasury Note/Bond 2.375% 05/15/202731.30%
United States Treasury Bill 07/08/202726.04%
United States Treasury Bill 02/18/202721.61%
United States Treasury Note/Bond 3.375% 09/15/202712.42%
United States Treasury Bill 12/10/202611.25%
First American Government Obligations Fund 12/01/20313.03%
Amzn Us 11/20/26 C2551.16%
Amazon C Cll Opt 11/26 2451.04%
Amzn Us 11/06/26 C247.50.22%

Only in XXV

5 securities, 100% of XXV by weight

Simplify E Govt Money Mkt Etf59.12%
B 1/28/27 Govt29.22%
B 3/11/27 Govt19.24%
B 12/31/26 Govt7.51%
B 12/3/26 Govt2.50%

Weight gaps

AMZY and XXV share no securities.

All 7 AMZY holdings⁠All XXV holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

AMZY vs XXV Cost

Overpaying AMZY vs XXV

$5,131

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

AMZY 1.09%
$20,133
XXV 0.78%
$15,002

Amount$10,000

Years30 years

Cost over time

AMZY 1.09%
XXV 0.78%
Overpaying

Year by year

Year	AMZY	XXV	Overpaying
10	$1,915	$1,388	$527
20	$7,166	$5,268	$1,898
30	$20,133	$15,002	$5,131

Expense ratio

1.09%AMZY
0.78%XXV, cheaper

XXV0.78%AMZY1.09%

0.51%1.91%

Middle half of Single-Stock Option Income funds
Median 1.04%

XXV 3rd cheapest of 71 funds

AMZY 42nd cheapest of 71 funds

AMZY vs XXV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): AMZY 49.12%; XXV No data
Payout (12M): AMZY $4.80; XXV No data
Last payment: AMZY $0.05; XXV $0.46
Ex-dividend: AMZY Oct 29, 2026; XXV Oct 27, 2026
Paid on: AMZY Oct 30, 2026; XXV Oct 30, 2026
Frequency: AMZY Weekly; XXV Monthly

Distribution history

Per share, 2026, same scale for both

AMZYWeekly · 44 paymentsAll AMZY payments⁠

XXVMonthly · 10 paymentsAll XXV payments⁠

AMZY vs XXV Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: AMZY 23.1%XXV No data
Return per unit of riskSharpe ratio, 3 years: AMZY 0.67XXV No data
Worst fallMax drawdown, 5 years: AMZY −23.6%since Jul 2023XXV No data
Market sensitivityBeta, 5 years: AMZY 0.89XXV 0.71; Market = 1

AMZY and XXV in the news

All news⁠

New ETFs
First Trust charges less than YieldMax, but YieldMax has the payout and the assets
Oct 5, 2026AMZY
New ETFs
First Trust income ETFs own the stock, cost less than YieldMax, and start small
Oct 5, 2026AMZY

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AMZY vs XXV

In short

Stated mandate

Why people hold it

Worth knowing

How AMZY and XXV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in AMZY

Only in XXV

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

First Trust charges less than YieldMax, but YieldMax has the payout and the assets

First Trust income ETFs own the stock, cost less than YieldMax, and start small

How AMZY and XXV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in AMZY

Only in XXV

Weight gaps