RGYY vs XXV

RGYYDGraniteShares YieldBoost RGTI ETF

XXVASimplify Ancorato Target 25 Distribution ETF

In short

RGYY Most single-stock income funds sell calls on the stock. RGYY flips it: it sells puts on a 2x leveraged Rigetti ETF, converting quantum-computing volatility into option premium, with its own upside capped in exchange.

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

RGYY The fund seeks income by selling put options, primarily on leveraged ETFs designed to deliver twice the daily performance of Rigetti Computing, Inc. It also seeks 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

• RGYY The mechanism is the point: puts written on a 2x Rigetti vehicle rather than calls on the shares. Wilder collateral, richer premium.graniteshares.com
• 1.07% expense ratio, sitting right at the middle of what single-stock option-income funds charge rather than above it.
• Income arrives on a set cadence, and GraniteShares states upfront that payouts can include return of capital. No mystery about where the cash comes from.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

• RGYY Upside is capped by design. Premium is the ceiling, while a 2x wrapper on a speculative quantum name can fall faster than option income accumulates.
• A small, thinly traded fund since its late-2025 launch, so spreads can run wider than in the established single-stock income names like TSMY or BRKC.
• In a crowded field of single-stock overlay funds, it currently lands toward the back on cost, risk and ease of trading.

• 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 RGYY profile⁠

Full XXV profile⁠