MAAY vs XXV

MAAYDGraniteShares YieldBOOST MARA ETF

XXVASimplify Ancorato Target 25 Distribution ETF

In short

MAAY Most single-stock income funds write options on the stock. MAAY goes one floor up: it sells options tied to a 2x leveraged MARA ETF, aiming to wring double the premium out of a bitcoin miner's volatility, 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

MAAY The Fund seeks to produce twice the income from selling options on MARA Holdings Inc. by using leveraged ETFs linked to twice the stock's daily performance. It also seeks capped exposure to that leveraged ETF's 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

• MAAY The premium engine runs on a 2x MARA vehicle rather than MARA shares, so income is harvested from twice the daily move. Distributions are made monthly.graniteshares.com
• Fee is 1.07%, sitting at the middle of the single-stock option-income pack rather than the pricey end.
• A 1940 Act ETF wrapper: one ticker, no margin account, no rolling your own contracts on one of the market's twitchiest miners.graniteshares.com
• Different animal from MARO, which writes on MARA directly. MAAY's reference is the leveraged version, a distinct premium and risk profile.

• 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

• MAAY Upside is capped by design. You collect option premium plus a limited slice of the leveraged ETF's gains, not the full melt-up.graniteshares.com
• The downside is not capped, and the reference resets its 2x exposure daily, so choppy stretches in MARA can erode the underlying even without a clear trend.
• Launched November 2025, small and thinly traded. Spreads deserve a look and limit orders earn their keep 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 MAAY profile⁠

Full XXV profile⁠