HMYY vs XXV

HMYYFGraniteShares YieldBoost HIMS ETF

XXVASimplify Ancorato Target 25 Distribution ETF

In short

HMYY Most single-stock income funds write options on the stock. HMYY goes a layer up, selling options tied to a leveraged Hims & Hers ETF to harvest the fatter premiums that come with amplified swings, in exchange for a cap on 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

HMYY The fund seeks income by selling options on leveraged ETFs linked to Hims & Hers Health, Inc., while gaining exposure to that leveraged ETF subject to a cap 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

• HMYY The engine is the twist: income comes from selling options on leveraged ETFs linked to Hims & Hers, where bigger daily moves mean richer option premiums than the stock alone offers.graniteshares.com
• Distributions are paid monthly, sourced from the options overlay rather than from any dividend at Hims & Hers.
• The 1.07% expense ratio lands right at the median for single-stock option-income funds, so the leveraged wrinkle does not carry a surcharge versus the pack.

• 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

• HMYY Two risk layers stack: one healthcare stock, then a leveraged ETF on top of it. Declines travel the full amplified distance while gains stop at the cap.
• Launched in December 2025, so there is no long record showing how the strategy behaves through a full market cycle.
• A small fund that trades lightly, so spreads can be wider than with big index products. Limit orders are the norm here.

• 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 HMYY profile⁠

Full XXV profile⁠