WMTI vs XXV

WMTIBREX WMT Growth & Income ETF

XXVASimplify Ancorato Target 25 Distribution ETF

In short

WMTI Walmart, wired into an options income engine. WMTI takes synthetic leveraged exposure to WMT (1.05x to 1.5x) and writes calls on only about half of it, so income flows in while part of the position stays uncapped.

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

WMTI The Fund primarily seeks current income and secondarily seeks exposure to select U.S.-listed securities, with potential investment gains limited.

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

• WMTI Half the leveraged exposure stays uncovered, leaving part of Walmart's move open instead of selling the whole book away like a traditional full-cover call fund.rexshares.com
• Fully synthetic build: swaps and options replicate Walmart's economics without holding the shares, with out-of-the-money calls sold on roughly half the notional to fund income.rexshares.com
• A 0.99% expense ratio sits under the median for its single-stock options-income cohort, and the overall implementation ranks among the stronger ones in that crowded group.

• 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

• WMTI Calls written on about half the notional hand over gains above the strike; the fund's own objective says potential investment gains are limited.rexshares.com
• Leverage cuts both ways: 1.05x to 1.5x exposure amplifies Walmart's down days, and the whole fund rides on one non-diversified name.rexshares.com
• Launched in November 2025, so the track record is short and the fund trades lightly, which can mean wider spreads than category heavyweights.

• 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 WMTI profile⁠

Full XXV profile⁠