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PYPY vs XXV

YieldMax PYPL Option Income Strategy ETF

PYPYDNYSE Arca

Simplify Ancorato Target 25 Distribution ETF

XXVANYSE Arca

Overlap

Expense ratio

XXV −0.53pt a year

PYPY1.31%XXV0.78%

Avg volume · 30D

XXV 1.7×the volume

PYPY17.3KXXV29K

PYPY vs XXV Performance

Dec 31, 2025 – Nov 9, 2026

−2.1%PYPY−0.9%XXV

Dec 31, 2025 to Nov 9, 2026. PYPY −2.1%. XXV −0.9%. Use the arrow keys to read each point.−30%−20%−10%10%Dec 2025Jun 2026Nov 2026
Expense ratio
PYPY 1.31%
XXV 0.78%, better
Fund size
PYPY $24M
XXV $46M
1Y total return
PYPY −11.9%
XXV No data
Yield (12M)
PYPY 53.80%
XXV No data
Holdings
PYPY 6
XXV 8
Avg volume (30D)
PYPY 17.3K sh
XXV 29K sh, better
NAV per share
PYPY $26.43
XXV $19.89
52W range

ETF.net Grade

PYPY: Cost 4, Risk 33, Mission 67, Tradability 55, Holdings not scored, Durability 67. XXV: Cost 97, Risk 77, Mission not scored, Tradability 63, Holdings 0, Durability 68.
Pillar letters and Scores for PYPY, XXV, with each pillar’s weight
PillarPYPYXXV
Cost30% weightF4A97Higher
Mission25% weightB67Not scored
Risk15% weightD33A77Higher
Tradability15% weightB55B63Higher
Holdings10% weightNot scoredF0
Durability5% weightB67B68Higher

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. PYPY 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 PYPY 54th 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 82
  4. Rank 4AAAPYKurv Yield Premium Strategy Apple (AAPL) ETFScore 79
  5. Rank 54DCRYGraniteShares YieldBOOST CRCL ETFScore 38
  6. Rank 54DPYPYYieldMax PYPL Option Income Strategy ETFScore 38
  7. Rank 54DQBYGraniteShares YieldBoost QBTS ETFScore 38

Our read on each fund

ETF.net Research

PYPYDYieldMax PYPL Option Income Strategy ETF

XXVASimplify Ancorato Target 25 Distribution ETF

In short

PYPY PayPal, rented out. PYPY holds a synthetic long in PYPL and sells call spreads against it, turning option premium into cash income and trading away part of any PayPal rally.

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

PYPY The Fund is actively managed to generate weekly income by selling call spreads on PayPal Holdings Inc. (PYPL).

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

  • PYPY Not the usual covered call: it sells call spreads on PYPL, pairing each short strike with a long call further out instead of writing naked upside away.yieldmaxetfs.com
  • Actively managed, so strikes and expiries are set by a manager reading PayPal's option market rather than by a fixed rules calendar.yieldmaxetfs.com
  • One ticker stands in for building a synthetic PYPL position and writing spreads against it yourself. No options approval, no roll dates to manage.
  • Trading since 2023, so the strategy has run through several of PayPal's own sharp moves rather than one calm stretch.
  • 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

  • PYPY At 1.31% a year, it sits above the median for single-stock option income funds. YieldMax siblings TSMY and BRKC run 1.01%.
  • The downside stays yours: the synthetic long follows PYPL lower, while the sold spread limits how much of a rebound the fund captures.
  • A small fund that trades thinly, which can mean wider bid-ask spreads at the moment you transact.
  • 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 PYPY profile⁠

Full XXV profile⁠

PYPY 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.

PYPY vs XXV Cost

Overpaying PYPY vs XXV

$8,517

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

  • PYPY 1.31%

    $23,519

  • XXV 0.78%

    $15,002

$10,000
30 years

Cost over time

  • PYPY 1.31%
  • 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$20K$25K051015202530PYPY $23,519XXV $15,002

Year by year

YearPYPYXXVOverpaying
10$2,280$1,388$892
20$8,450$5,268$3,182
30$23,519$15,002$8,517

Expense ratio

  • 1.31%PYPY
  • 0.78%XXV, cheaper
  • Middle half of Single-Stock Option Income funds
  • Median 1.04%

XXV 3rd cheapest of 71 funds

PYPY 68th cheapest of 71 funds

PYPY vs XXV Dividends

Last 12 months to Nov 9, 2026
Yield (12M)
PYPY 53.80%
XXV No data
Payout (12M)
PYPY $14.41
XXV No data
Last payment
PYPY $0.28
XXV $0.46
Ex-dividend
PYPY Nov 5, 2026
XXV Oct 27, 2026
Paid on
PYPY Nov 6, 2026
XXV Oct 30, 2026
Frequency
PYPY Weekly
XXV Monthly

Distribution history

Per share, 2026, same scale for both

PYPYWeekly · 45 paymentsAll PYPY payments⁠
One bar per payment. 45 payments in 2026 YTD. Jan 2, 2026 $0.28; Jan 8, 2026 $0.24; Jan 15, 2026 $0.24; Jan 22, 2026 $0.23; Jan 29, 2026 $0.22; Feb 5, 2026 $0.17; Feb 12, 2026 $0.20; Feb 19, 2026 $0.21; Feb 26, 2026 $0.22; Mar 5, 2026 $0.21; Mar 12, 2026 $0.49; Mar 19, 2026 $0.33; Mar 26, 2026 $0.27; Apr 2, 2026 $0.26; Apr 9, 2026 $0.30; Apr 16, 2026 $0.32; Apr 23, 2026 $0.48; Apr 30, 2026 $0.41; May 7, 2026 $0.34; May 14, 2026 $0.26; May 21, 2026 $0.23; May 28, 2026 $0.18; Jun 4, 2026 $0.22; Jun 11, 2026 $0.14; Jun 18, 2026 $0.14; Jun 25, 2026 $0.13; Jul 2, 2026 $0.17; Jul 9, 2026 $0.21; Jul 16, 2026 $0.24; Jul 23, 2026 $0.59; Jul 30, 2026 $0.53; Aug 6, 2026 $0.60; Aug 13, 2026 $0.53; Aug 20, 2026 $0.30; Aug 27, 2026 $0.24; Sep 3, 2026 $0.15; Sep 10, 2026 $0.16; Sep 17, 2026 $0.16; Sep 24, 2026 $0.15; Oct 1, 2026 $0.15; Oct 8, 2026 $0.13; Oct 15, 2026 $0.15; Oct 22, 2026 $0.18; Oct 29, 2026 $0.17; Nov 5, 2026 $0.28. 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

PYPY vs XXV Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
PYPY 30.2%XXV No data
Return per unit of riskSharpe ratio, 3 years
PYPY 0.004XXV No data
Worst fallMax drawdown, 5 years
PYPY −53.4%since Sep 2023XXV No data
Market sensitivityBeta, 5 years
PYPY 0.52XXV 0.71

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