XXV vs YBST

XXVASimplify Ancorato Target 25 Distribution ETF

YBSTFGraniteShares YieldBoost Single Stock Universe ETF

In short

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.

YBST A one-ticker wrapper on the GraniteShares YieldBOOST suite: funds that sell puts on leveraged single-stock ETFs to harvest outsized premiums, spread across many names instead of riding one.

Stated mandate

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.

YBST YBST seeks current income as its primary objective and exposure to a diversified group of YieldBOOST ETFs as its secondary objective. It is actively managed and invests primarily in YieldBOOST ETFs whose options strategies reference U.S.-listed securities.

Why people hold it

• 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

• YBST One ticker holds the whole YieldBOOST lineup, so income is sourced from many single-stock options strategies rather than one name's volatility.graniteshares.com
• Premiums are large because the options sit on leveraged single-stock ETFs; each trade pairs a near-the-money short put with a further out-of-the-money long put.graniteshares.com
• Income is distributed weekly rather than monthly, per the fund's own documents.graniteshares.com
• GraniteShares charges 0.29% to run the fund itself, in line with the category's cheapest options-income funds such as PAPI.sec.gov

Worth knowing

• 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.

• YBST All-in cost is 1.38%: the 0.29% management fee stacked on 0.99% of underlying-fund fees. Top-graded peers like PAPI and ROCY run under 0.40% total.sec.gov
• Distributions can include return of capital, meaning part of a payout may be your own money coming back rather than earned income.graniteshares.com
• Young and thinly traded: it launched in December 2025, so the record is short and spreads can run wider than in large income ETFs.

Full XXV profile⁠

Full YBST profile⁠