CONY vs XXV: Grades, Fees and Holdings Compared

YieldMax COIN Option Income Strategy ETF

CONYCNYSE Arca

Simplify Ancorato Target 25 Distribution ETF

XXVANYSE Arca

Overlap

0.0%by weight

Expense ratio

XXV −0.26pt a year

CONY1.04%XXV0.78%

Avg volume · 30D

CONY 16.0×the volume

CONY508KXXV31.8K

CONY vs XXV Performance

Dec 31, 2025 – Oct 30, 2026

−30.9%CONY+3.5%XXV

Expense ratio: CONY 1.04%; XXV 0.78%, better
Fund size: CONY $301M; XXV $51M
1Y total return: CONY −51.8%; XXV No data
Yield (12M): CONY 133.23%; XXV No data
Holdings: CONY 11; XXV 6
Avg volume (30D): CONY 508K sh, better; XXV 31.8K sh
NAV per share: CONY $15.12; XXV $21.35
52W range

ETF.net Grade

Pillar letters and Scores for CONY, XXV, with each pillar’s weight
Pillar	CONY	XXV
Cost30% weight	C49	A97Higher
Mission25% weight	A70	Not scored
Risk15% weight	F16	A86Higher
Tradability15% weight	B66Higher	B64
Holdings10% weight	Not scored	A70
Durability5% weight	A88Higher	B65

Rank among Single-Stock Option Income funds

How we build Categories ›

Same Category. CONY 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 CONY 30th 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 27BRBLYYieldMax RBLX Option Income Strategy ETFScore 55
Rank 30CCONYYieldMax COIN Option Income Strategy ETFScore 54
Rank 30CFBYYieldMax META Option Income Strategy ETFScore 54

Our read on each fund

ETF.net Research

CONYCYieldMax COIN Option Income Strategy ETF

XXVASimplify Ancorato Target 25 Distribution ETF

In short

CONY Coinbase's stock swings are the raw material here. CONY sells call spreads on COIN to turn that volatility into a recurring paycheck, while keeping a slice of the stock's upside instead of trading all of it away.

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

CONY CONY is actively managed to generate weekly income by selling call spreads on Coinbase Global Inc., while retaining some participation in the underlying stock's appreciation.

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

CONY Call spreads, not plain covered calls. The structure is built to keep some participation in COIN rallies rather than surrender the whole move for premium.
Fee of 1.04% sits mid-pack for COIN income funds, between Bitwise's ICOI at 0.96% and GraniteShares' COYY at 1.07%.
Income lands weekly, not quarterly, and the fund is actively managed rather than run off a fixed options calendar.
A multi-hundred-million-dollar fund with steady volume for a niche single-stock strategy, and one of the stronger implementations in the small COIN income group.

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

CONY You hold an options package, not Coinbase shares: no direct stake in the company, and upside is bounded by the calls the fund writes.
Payouts come from premium on one very volatile stock, with no declared target rate, so the size of each distribution moves with the market.
Launched in 2023, so the track record spans only a short slice of crypto's boom-and-bust cycles.

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 CONY profile⁠

Full XXV profile⁠

CONY vs XXV Holdings

How CONY and XXV differ

Overlap by weight

0.0%

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

Level by level

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

Sector

No Sector split for CONY and XXV.

Country, concentration and asset class

Country by domicile

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

Concentration

Weight in the 10 largest Holdings

CONY125.4%
XXV118.0%

Securities held

CONY11
XXV5

Asset class

CONY: Alternatives
XXV: Equity

Holdings

Only in CONY11
In both0
Only in XXV5

Only in CONY

11 securities, 100% of CONY by weight

United States Treasury Note/Bond 2.375% 05/15/202731.33%
United States Treasury Bill 02/18/202726.05%
United States Treasury Bill 12/10/202622.96%
United States Treasury Note/Bond 3.375% 09/15/202717.62%
United States Treasury Bill 07/08/202717.58%
Coinbase Cll Opt 12/26 1405.11%
First American Government Obligations Fund 12/01/20311.83%
Coin Us 11/06/26 C1481.10%
Coin Us 11/06/26 C1470.95%
Coin Us 11/20/26 C1700.84%
Coin Us 11/06/26 C1490.82%

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

CONY and XXV share no securities.

All 6 CONY 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.

CONY vs XXV Cost

Overpaying CONY vs XXV

$4,332

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

CONY 1.04%
$19,334
XXV 0.78%
$15,002

Amount$10,000

Years30 years

Cost over time

CONY 1.04%
XXV 0.78%
Overpaying

Year by year

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

Expense ratio

1.04%CONY
0.78%XXV, cheaper

XXV0.78%CONY1.04%

0.51%1.91%

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

XXV 3rd cheapest of 71 funds

CONY 36th cheapest of 71 funds

CONY vs XXV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): CONY 133.23%; XXV No data
Payout (12M): CONY $20.04; XXV No data
Last payment: CONY $0.18; XXV $0.46
Ex-dividend: CONY Oct 29, 2026; XXV Oct 27, 2026
Paid on: CONY Oct 30, 2026; XXV Oct 30, 2026
Frequency: CONY Weekly; XXV Monthly

Distribution history

Per share, 2026, same scale for both

CONYWeekly · 44 paymentsAll CONY payments⁠

XXVMonthly · 10 paymentsAll XXV payments⁠

CONY vs XXV Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: CONY 63.3%XXV No data
Return per unit of riskSharpe ratio, 3 years: CONY 0.26XXV No data
Worst fallMax drawdown, 5 years: CONY −63.2%since Aug 2023XXV No data
Market sensitivityBeta, 5 years: CONY 1.76XXV 0.71; Market = 1

CONY and XXV in the news

All news⁠

Top Movers
Tanker ETF gains 8.4% as crude falls
Sep 16, 2026CONY
Top Movers
XRP funds fall 11.6% after Senate stalls crypto bill
Sep 15, 2026CONY
Income Watch
A 62% larger HOOY check still left holders down 6.1%
Sep 13, 2026CONY

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