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APLY vs XXV

YieldMax AAPL Option Income Strategy ETF

APLYBNYSE Arca

Simplify Ancorato Target 25 Distribution ETF

XXVANYSE Arca

Overlap

Expense ratio

XXV −0.26pt a year

APLY1.04%XXV0.78%

Avg volume · 30D

APLY 3.0×the volume

APLY95.8KXXV31.8K

APLY vs XXV Performance

Dec 31, 2025 – Oct 30, 2026

+15.6%APLY+3.5%XXV

Dec 31, 2025 to Oct 30, 2026. APLY +15.6%. XXV +3.5%. Use the arrow keys to read each point.−5%0%10%Dec 2025Jun 2026Oct 2026
Expense ratio
APLY 1.04%
XXV 0.78%, better
Fund size
APLY $111M
XXV $51M
1Y total return
APLY +17.3%
XXV No data
Yield (12M)
APLY 31.90%
XXV No data
Holdings
APLY 10
XXV 6
Avg volume (30D)
APLY 95.8K sh, better
XXV 31.8K sh
NAV per share
APLY $11.94
XXV $21.35
52W range

ETF.net Grade

APLY: Cost 49, Risk 77, Mission 57, Tradability 71, Holdings not scored, Durability 85. XXV: Cost 97, Risk 86, Mission not scored, Tradability 64, Holdings 70, Durability 65.
Pillar letters and Scores for APLY, XXV, with each pillar’s weight
PillarAPLYXXV
Cost30% weightC49A97Higher
Mission25% weightB57Not scored
Risk15% weightA77A86Higher
Tradability15% weightA71HigherB64
Holdings10% weightNot scoredA70
Durability5% weightA85HigherB65

Rank among Single-Stock Option Income funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. APLY 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 APLY 19th of 71 funds in the Single-Stock Option Income Category.

  1. Rank 1AKWINKraneShares Wahed Alternative Income Index ETFScore 87
  2. Rank 2AACYQFT Vest Autocallable Barrier & High Income ETFScore 85
  3. Rank 3AXXVSimplify Ancorato Target 25 Distribution ETFScore 84
  4. Rank 4AAAPYKurv Yield Premium Strategy Apple (AAPL) ETFScore 79
  5. Rank 13BTSMYYieldMax TSM Option Income Strategy ETFScore 62
  6. Rank 19BAPLYYieldMax AAPL Option Income Strategy ETFScore 61
  7. Rank 19BGOOYYieldMax GOOGL Option Income Strategy ETFScore 61

Our read on each fund

ETF.net Research

APLYBYieldMax AAPL Option Income Strategy ETF

XXVASimplify Ancorato Target 25 Distribution ETF

In short

APLY Runs the Apple covered-call trade with options standing in for Apple stock: premium income up front, upside capped on the way. A first-wave YieldMax fund from 2023, priced under the other AAPL option-income ETF.

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

APLY The Fund seeks current income and exposure to Apple Inc. share-price returns, with potential gains limited by its options strategy.

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

  • APLY The mechanism is stated plainly in the prospectus: current income plus exposure to Apple's share-price returns, with potential gains limited by the options strategy. No mystery about the trade you're making.
  • At 1.04%, it undercuts AAPY, the other AAPL option-income fund, and sits just below the typical fee in its single-stock income cohort.
  • Live since 2023, an early entrant in a category that has since filled with lookalikes, and among the stronger builds in a crowded field of single-stock income funds.
  • Trades actively enough for a niche single-stock product, so getting in and out doesn't depend on thin-market luck.
  • 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.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

  • APLY Capped by design. The calls it sells limit how much of an Apple rally the fund keeps, while a drop in Apple still flows through.
  • You hold a synthetic options position, not Apple shares. No shareholder rights, and no Apple dividend passing through to you.
  • Payouts swing with option premiums, and YieldMax discloses that some of a distribution can be return of capital: your own money coming back, not profit.yieldmaxetfs.com
  • 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 APLY profile⁠

Full XXV profile⁠

APLY vs 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.

APLY vs XXV Cost

Overpaying APLY vs XXV

$4,332

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

  • APLY 1.04%

    $19,334

  • XXV 0.78%

    $15,002

$10,000
30 years

Cost over time

  • APLY 1.04%
  • XXV 0.78%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530APLY $19,334XXV $15,002

Year by year

YearAPLYXXVOverpaying
10$1,831$1,388$443
20$6,867$5,268$1,599
30$19,334$15,002$4,332

Expense ratio

  • 1.04%APLY
  • 0.78%XXV, cheaper
  • Middle half of Single-Stock Option Income funds
  • Median 1.04%

XXV 3rd cheapest of 71 funds

APLY 36th cheapest of 71 funds

APLY vs XXV Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
APLY 31.90%
XXV No data
Payout (12M)
APLY $3.79
XXV No data
Last payment
APLY $0.06
XXV $0.46
Ex-dividend
APLY Oct 29, 2026
XXV Oct 27, 2026
Paid on
APLY Oct 30, 2026
XXV Oct 30, 2026
Frequency
APLY Weekly
XXV Monthly

Distribution history

Per share, 2026, same scale for both

APLYWeekly · 44 paymentsAll APLY payments⁠
One bar per payment. 44 payments in 2026 YTD. Jan 2, 2026 $0.05; Jan 8, 2026 $0.05; Jan 15, 2026 $0.04; Jan 22, 2026 $0.05; Jan 29, 2026 $0.05; Feb 5, 2026 $0.06; Feb 12, 2026 $0.18; Feb 19, 2026 $0.05; Feb 26, 2026 $0.09; Mar 5, 2026 $0.06; Mar 12, 2026 $0.06; Mar 19, 2026 $0.05; Mar 26, 2026 $0.06; Apr 2, 2026 $0.06; Apr 9, 2026 $0.06; Apr 16, 2026 $0.07; Apr 23, 2026 $0.09; Apr 30, 2026 $0.10; May 7, 2026 $0.10; May 14, 2026 $0.12; May 21, 2026 $0.11; May 28, 2026 $0.12; Jun 4, 2026 $0.11; Jun 11, 2026 $0.07; Jun 18, 2026 $0.06; Jun 25, 2026 $0.05; Jul 2, 2026 $0.05; Jul 9, 2026 $0.06; Jul 16, 2026 $0.08; Jul 23, 2026 $0.10; Jul 30, 2026 $0.14; Aug 6, 2026 $0.06; Aug 13, 2026 $0.06; Aug 20, 2026 $0.06; Aug 27, 2026 $0.06; Sep 3, 2026 $0.06; Sep 10, 2026 $0.05; Sep 17, 2026 $0.07; Sep 24, 2026 $0.08; Oct 1, 2026 $0.07; Oct 8, 2026 $0.06; Oct 15, 2026 $0.06; Oct 22, 2026 $0.05; Oct 29, 2026 $0.06. Use the arrow keys to read each point.$0$0.502026YTD
XXVMonthly · 10 paymentsAll XXV payments⁠
One bar per payment. 10 payments in 2026 YTD. 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.$0$0.502026YTD

APLY vs XXV Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
APLY 15.4%XXV No data
Return per unit of riskSharpe ratio, 3 years
APLY 0.78XXV No data
Worst fallMax drawdown, 5 years
APLY −31.0%since Apr 2023XXV No data
Market sensitivityBeta, 5 years
APLY 0.65XXV 0.71

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