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XVAP vs XXV

FT Vest AAPL & Target Income ETF

XVAP—Cboe

Simplify Ancorato Target 25 Distribution ETF

XXVANYSE Arca

Overlap

Expense ratio

XXV −0.07pt a year

XVAP0.85%XXV0.78%

Avg volume · 30D

XXV 12.5×the volume

XVAP2.47KXXV30.8K

XVAP vs XXV Performance

Oct 5, 2026 – Nov 5, 2026

+3.3%XVAP−14.0%XXV

Oct 5, 2026 to Nov 5, 2026. XVAP +3.3%. XXV −14.0%. Use the arrow keys to read each point.−10%−5%0%Oct 5Oct 20Nov 5
Expense ratio
XVAP 0.85%
XXV 0.78%, better
Fund size
XVAP $4M
XXV $49M
Holdings
XVAP 4
XXV 7
Avg volume (30D)
XVAP 2.47K sh
XXV 30.8K sh, better
NAV per share
XVAP $32.74
XXV $20.82
52W range

ETF.net Grade

  • —XVAPNot yet graded
XXV: Cost 97, Risk 81, Mission not scored, Tradability 68, Holdings 0, Durability 67.
Pillar letters and Scores for XVAP, XXV, with each pillar’s weight
PillarXVAPXXV
Cost30% weightNot scoredA97
Mission25% weightNot scoredNot scored
Risk15% weightNot scoredA81
Tradability15% weightNot scoredB68
Holdings10% weightNot scoredF0
Durability5% weightNot scoredB67

Rank among Single-Stock Option Income funds

How we build Categories ›

Single-Stock Option Income⁠

Category · 71 funds
See all 71 ›

XXV ranks 3rd 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. XVAPNot yet graded

Our read on each fund

ETF.net Research

XVAP—FT Vest AAPL & Target Income ETF

XXVASimplify Ancorato Target 25 Distribution ETF

In short

XVAP No data

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

XVAP No data

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

XVAP No data

  • 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

XVAP No data

  • 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 XVAP profile⁠

Full XXV profile⁠

XVAP 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.

XVAP vs XXV Cost

Overpaying XVAP vs XXV

$1,197

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

  • XVAP 0.85%

    $16,199

  • XXV 0.78%

    $15,002

$10,000
30 years

Cost over time

  • XVAP 0.85%
  • 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$20K051015202530XVAP $16,199XXV $15,002

Year by year

YearXVAPXXVOverpaying
10$1,508$1,388$120
20$5,706$5,268$438
30$16,199$15,002$1,197

Expense ratio

  • 0.85%XVAP
  • 0.78%XXV, cheaper
  • Middle half of Single-Stock Option Income funds
  • Median 1.04%

XXV 3rd cheapest of 71 funds

XVAP 4th cheapest of 71 funds

XVAP vs XXV Dividends

Last 12 months to Nov 5, 2026
Last payment
XVAP $0.41
XXV $0.46
Ex-dividend
XVAP Oct 21, 2026
XXV Oct 27, 2026
Paid on
XVAP Oct 30, 2026
XXV Oct 30, 2026
Frequency
XVAP Monthly
XXV Monthly

Distribution history

Per share, 2025 to 2026, same scale for both

XVAPMonthly · 2 paymentsAll XVAP payments⁠
One bar per payment. 2 payments from 2025 to 2026 YTD. Sep 24, 2026 $0.50; Oct 21, 2026 $0.41. Use the arrow keys to read each point.$0$0.502026YTD
XXVMonthly · 11 paymentsAll XXV payments⁠
One bar per payment. 11 payments from 2025 to 2026 YTD. Dec 23, 2025 $0.60; 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

XVAP vs XXV Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

Market sensitivityBeta, 5 years
XVAP 0.00XXV 0.71

XVAP and XXV in the news

All news⁠

Popular comparisons

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    Category
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