CRCO vs XXV: Grades, Fees and Holdings Compared

YieldMax CRCL Option Income Strategy ETF

CRCOBNYSE Arca

Simplify Ancorato Target 25 Distribution ETF

XXVANYSE Arca

Overlap

0.0%by weight

Expense ratio

XXV −0.23pt a year

CRCO1.01%XXV0.78%

Avg volume · 30D

CRCO 2.8×the volume

CRCO89.6KXXV31.8K

CRCO vs XXV Performance

Dec 31, 2025 – Oct 30, 2026

−5.3%CRCO+3.5%XXV

Expense ratio: CRCO 1.01%; XXV 0.78%, better
Fund size: CRCO $40M; XXV $51M
1Y total return: CRCO −36.8%; XXV No data
Yield (12M): CRCO 164.10%; XXV No data
Holdings: CRCO 9; XXV 6
Avg volume (30D): CRCO 89.6K sh, better; XXV 31.8K sh
NAV per share: CRCO $10.91; XXV $21.35
52W range

ETF.net Grade

Pillar letters and Scores for CRCO, XXV, with each pillar’s weight
Pillar	CRCO	XXV
Cost30% weight	B59	A97Higher
Mission25% weight	A70	Not scored
Risk15% weight	D26	A86Higher
Tradability15% weight	C48	B64Higher
Holdings10% weight	Not scored	A70
Durability5% weight	B68Higher	B65

Rank among Single-Stock Option Income funds

How we build Categories ›

Same Category. CRCO 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 CRCO 27th 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 26BINYYYieldMax INTC Option Income Strategy ETFScore 56
Rank 27BCRCOYieldMax CRCL Option Income Strategy ETFScore 55
Rank 27CFIATYieldMax Short COIN Option Income Strategy ETFScore 55

Our read on each fund

ETF.net Research

CRCOBYieldMax CRCL Option Income Strategy ETF

XXVASimplify Ancorato Target 25 Distribution ETF

In short

CRCO Most single-stock income funds sell calls and cap the upside. CRCO sells weekly call spreads on Circle (CRCL) instead, harvesting premium while keeping a lane open to share-price appreciation, and it pays monthly.

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

CRCO CRCO is actively managed to generate weekly income by selling call spreads on Circle Internet Group Inc. The strategy seeks to harvest CRCL option premiums while retaining participation in its share-price 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

CRCO Spreads, not plain covered calls. Selling a call and buying a higher one collects premium while leaving room to participate in CRCL's share-price gains above the short strike.yieldmaxetfs.com
Weekly premium harvest, monthly payout. The options book is worked on a weekly cycle and distributions land on a monthly cadence.
A 1.01% expense ratio undercuts CRY, the other fund built on the same Circle income idea, and matches YieldMax siblings like TSMY and BRKC.
Sits in the upper half of a crowded field of single-stock option-income funds, one of the tidier builds in that 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

CRCO Exposure is synthetic. The fund reaches CRCL through options rather than owning the shares, so you are holding a derivatives book, not the stock.
One name carries everything. Circle Internet Group's price action drives both the premium the fund collects and the value of what it holds.
Launched in 2025 and actively managed, so the track record is short and payouts move with whatever CRCL options premiums happen to be.

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 CRCO profile⁠

Full XXV profile⁠

CRCO vs XXV Holdings

How CRCO and XXV differ

Overlap by weight

0.0%

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

Level by level

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

Sector

No Sector split for CRCO and XXV.

Country, concentration and asset class

Country by domicile

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

Concentration

Weight in the 10 largest Holdings

CRCO150.2%
XXV118.0%

Securities held

CRCO9
XXV5

Asset class

CRCO: Alternatives
XXV: Equity

Holdings

Only in CRCO9
In both0
Only in XXV5

Only in CRCO

9 securities, 100% of CRCO by weight

United States Treasury Note/Bond 3.375% 09/15/202737.57%
United States Treasury Bill 02/18/202729.94%
United States Treasury Bill 07/08/202724.74%
United States Treasury Note/Bond 2.375% 05/15/202724.36%
United States Treasury Bill 12/10/202620.35%
Crcl 11/20/2026 72.01 C8.76%
Crcl Us 11/06/26 C763.67%
First American Government Obligations Fund 12/01/20310.59%
Crcl Us 11/06/26 C860.25%

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

CRCO and XXV share no securities.

All CRCO 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.

CRCO vs XXV Cost

Overpaying CRCO vs XXV

$3,848

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

CRCO 1.01%
$18,850
XXV 0.78%
$15,002

Amount$10,000

Years30 years

Cost over time

CRCO 1.01%
XXV 0.78%
Overpaying

Year by year

Year	CRCO	XXV	Overpaying
10	$1,780	$1,388	$392
20	$6,686	$5,268	$1,418
30	$18,850	$15,002	$3,848

Expense ratio

1.01%CRCO
0.78%XXV, cheaper

XXV0.78%CRCO1.01%

0.51%1.91%

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

XXV 3rd cheapest of 71 funds

CRCO 25th cheapest of 71 funds

CRCO vs XXV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): CRCO 164.10%; XXV No data
Payout (12M): CRCO $18.07; XXV No data
Last payment: CRCO $0.17; XXV $0.46
Ex-dividend: CRCO Oct 29, 2026; XXV Oct 27, 2026
Paid on: CRCO Oct 30, 2026; XXV Oct 30, 2026
Frequency: CRCO Weekly; XXV Monthly

Distribution history

Per share, 2026, same scale for both

CRCOWeekly · 44 paymentsAll CRCO payments⁠

XXVMonthly · 10 paymentsAll XXV payments⁠

CRCO vs XXV Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: CRCO 76.3%since Oct 2025XXV No data
Return per unit of riskSharpe ratio, 3 years: CRCO −0.28since Oct 2025XXV No data
Worst fallMax drawdown, 5 years: CRCO −61.4%since Sep 2025XXV No data
Market sensitivityBeta, 5 years: CRCO 0.41XXV 0.71; Market = 1

CRCO and XXV in the news

All news⁠

Income Watch
A 62% larger HOOY check still left holders down 6.1%
Sep 13, 2026CRCO

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CRCO vs XXV

In short

Stated mandate

Why people hold it

Worth knowing

How CRCO and XXV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in CRCO

Only in XXV

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

A 62% larger HOOY check still left holders down 6.1%

How CRCO and XXV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in CRCO

Only in XXV

Weight gaps