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NFLY vs XXV

YieldMax NFLX Option Income Strategy ETF

NFLYBNYSE Arca

Simplify Ancorato Target 25 Distribution ETF

XXVANYSE Arca

Overlap

Expense ratio

XXV −0.23pt a year

NFLY1.01%XXV0.78%

Avg volume · 30D

NFLY 2.1×the volume

NFLY65.8KXXV31.8K

NFLY vs XXV Performance

Dec 31, 2025 – Oct 30, 2026

−31.1%NFLY+3.5%XXV

Dec 31, 2025 to Oct 30, 2026. NFLY −31.1%. XXV +3.5%. Use the arrow keys to read each point.−20%−10%10%Dec 2025Jun 2026Oct 2026
Expense ratio
NFLY 1.01%
XXV 0.78%, better
Fund size
NFLY $28M
XXV $51M
1Y total return
NFLY −40.8%
XXV No data
Yield (12M)
NFLY 65.35%
XXV No data
Holdings
NFLY 7
XXV 6
Avg volume (30D)
NFLY 65.8K sh, better
XXV 31.8K sh
NAV per share
NFLY $5.97
XXV $21.35
52W range

ETF.net Grade

NFLY: Cost 59, Risk 38, Mission 70, Tradability 48, Holdings not scored, Durability 77. XXV: Cost 97, Risk 86, Mission not scored, Tradability 64, Holdings 70, Durability 65.
Pillar letters and Scores for NFLY, XXV, with each pillar’s weight
PillarNFLYXXV
Cost30% weightB59A97Higher
Mission25% weightA70Not scored
Risk15% weightD38A86Higher
Tradability15% weightC48B64Higher
Holdings10% weightNot scoredA70
Durability5% weightA77HigherB65

Rank among Single-Stock Option Income funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. NFLY 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 NFLY 21st of 71 funds in the Single-Stock Option Income Category.

  1. Rank 1AKWINKraneShares Wahed Alternative Income Index ETFScore 87
  2. Rank 2AACYQFT Vest Autocallable Barrier & High Income ETFScore 85
  3. Rank 3AXXVSimplify Ancorato Target 25 Distribution ETFScore 84
  4. Rank 4AAAPYKurv Yield Premium Strategy Apple (AAPL) ETFScore 79
  5. Rank 21BMAROYieldMax MARA Option Income Strategy ETFScore 57
  6. Rank 21BNFLYYieldMax NFLX Option Income Strategy ETFScore 57
  7. Rank 21BPLTYYieldMax PLTR Option Income Strategy ETFScore 57

Our read on each fund

ETF.net Research

NFLYBYieldMax NFLX Option Income Strategy ETF

XXVASimplify Ancorato Target 25 Distribution ETF

In short

NFLY NFLY never buys a share of Netflix. It builds the position synthetically with options, then sells calls against it, turning one of the market's twitchiest large caps into option premium. Pops get capped. Drops don't.

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

NFLY The Fund seeks current income and exposure to Netflix, Inc.’s share-price returns, subject to limited participation in potential gains. It uses synthetic covered-call or covered-call-spread strategies to generate option premiums.

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

  • NFLY At 1.01%, it is the cheaper of the two Netflix option-income ETFs (NFLP charges 1.15%) and sits under the median fee for single-stock option-income funds.
  • Launched in 2023, an early entrant in single-name option income, with a multi-year record of running the strategy through Netflix earnings nights.
  • In a crowded field of single-stock overlay funds, this one lands in the upper tier of its peer group on our review.
  • 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

  • NFLY Selling calls caps how much of a Netflix rally you keep, while a slide in the stock flows through nearly in full.yieldmaxetfs.com
  • Distributions can include return of capital, meaning part of a payout is your own money coming back and it trims your cost basis.yieldmaxetfs.com
  • The 1.01% fee pays for the options machinery, several times what a plain equity index fund charges, and it applies whether premiums are fat or thin.
  • 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 NFLY profile⁠

Full XXV profile⁠

NFLY vs 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.

NFLY vs XXV Cost

Overpaying NFLY vs XXV

$3,848

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

  • NFLY 1.01%

    $18,850

  • XXV 0.78%

    $15,002

$10,000
30 years

Cost over time

  • NFLY 1.01%
  • XXV 0.78%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530NFLY $18,850XXV $15,002

Year by year

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

Expense ratio

  • 1.01%NFLY
  • 0.78%XXV, cheaper
  • Middle half of Single-Stock Option Income funds
  • Median 1.04%

XXV 3rd cheapest of 71 funds

NFLY 25th cheapest of 71 funds

NFLY vs XXV Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
NFLY 65.35%
XXV No data
Payout (12M)
NFLY $3.89
XXV No data
Last payment
NFLY $0.05
XXV $0.46
Ex-dividend
NFLY Oct 29, 2026
XXV Oct 27, 2026
Paid on
NFLY Oct 30, 2026
XXV Oct 30, 2026
Frequency
NFLY Weekly
XXV Monthly

Distribution history

Per share, 2026, same scale for both

NFLYWeekly · 44 paymentsAll NFLY payments⁠
One bar per payment. 44 payments in 2026 YTD. Jan 2, 2026 $0.07; Jan 8, 2026 $0.07; Jan 15, 2026 $0.06; Jan 22, 2026 $0.06; Jan 29, 2026 $0.08; Feb 5, 2026 $0.06; Feb 12, 2026 $0.06; Feb 19, 2026 $0.06; Feb 26, 2026 $0.07; Mar 5, 2026 $0.17; Mar 12, 2026 $0.18; Mar 19, 2026 $0.25; Mar 26, 2026 $0.14; Apr 2, 2026 $0.09; Apr 9, 2026 $0.08; Apr 16, 2026 $0.10; Apr 23, 2026 $0.08; Apr 30, 2026 $0.07; May 7, 2026 $0.07; May 14, 2026 $0.07; May 21, 2026 $0.06; May 28, 2026 $0.06; Jun 4, 2026 $0.06; Jun 11, 2026 $0.05; Jun 18, 2026 $0.05; Jun 25, 2026 $0.05; Jul 2, 2026 $0.05; Jul 9, 2026 $0.05; Jul 16, 2026 $0.04; Jul 23, 2026 $0.05; Jul 30, 2026 $0.04; Aug 6, 2026 $0.07; Aug 13, 2026 $0.05; Aug 20, 2026 $0.06; Aug 27, 2026 $0.06; Sep 3, 2026 $0.07; Sep 10, 2026 $0.05; Sep 17, 2026 $0.04; Sep 24, 2026 $0.03; Oct 1, 2026 $0.03; Oct 8, 2026 $0.03; Oct 15, 2026 $0.03; Oct 22, 2026 $0.04; Oct 29, 2026 $0.05. Use the arrow keys to read each point.$0$0.502026YTD
XXVMonthly · 10 paymentsAll XXV payments⁠
One bar per payment. 10 payments in 2026 YTD. Jan 27, 2026 $0.54; Feb 24, 2026 $0.50; Mar 26, 2026 $0.48; Apr 27, 2026 $0.48; May 26, 2026 $0.48; Jun 25, 2026 $0.48; Jul 28, 2026 $0.47; Aug 26, 2026 $0.49; Sep 25, 2026 $0.49; Oct 27, 2026 $0.46. Use the arrow keys to read each point.$0$0.502026YTD

NFLY vs XXV Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
NFLY 26.8%XXV No data
Return per unit of riskSharpe ratio, 3 years
NFLY 0.28XXV No data
Worst fallMax drawdown, 5 years
NFLY −48.8%since Aug 2023XXV No data
Market sensitivityBeta, 5 years
NFLY 0.58XXV 0.71

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