IOYY vs XXV

IOYYCGraniteShares YieldBOOST IONQ ETF

XXVASimplify Ancorato Target 25 Distribution ETF

In short

IOYY Most single-stock income funds sell options on the stock. IOYY goes one layer up: it sells options on ETFs built to move 2x IonQ's daily change, seeking double the premium of a plain IonQ overlay, and 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

IOYY The fund seeks to generate twice the income from selling options on IonQ Inc. by selling options on leveraged ETFs designed to deliver twice the stock's daily performance.

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

• IOYY The BOOST is literal. Premiums are harvested from options on leveraged ETFs designed to deliver twice IonQ's daily move, which is how the fund targets twice the income of a straight IonQ option overlay.graniteshares.com
• Distributions come monthly, so the option premium shows up on a set schedule rather than in unpredictable one-offs.
• At 1.07% a year, the fee sits right at the going rate for single-stock option-income funds. Unusual plumbing without an unusual markup.
• Standard 1940 Act fund wrapper with a clearly stated mandate, and it lands in the upper half of a crowded single-stock option-income field on how closely it follows that mandate.graniteshares.com

• 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

• IOYY The IonQ exposure is synthetic, built from options on leveraged vehicles rather than owned shares, so the fund's path can look quite different from IonQ's own.
• One stock, one story: everything here rides on a single quantum computing name, amplified by 2x daily leverage in the options it writes against.
• A small, lightly traded fund launched in November 2025, so spreads are worth a look before you trade. Cheaper income routes exist too: KWIN runs 0.51%, XXV 0.85%.

• 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 IOYY profile⁠

Full XXV profile⁠