XXV vs. PAPI
XXV (Simplify Ancorato Target 25 Distribution ETF) and PAPI (Parametric Equity Premium Income ETF) are both Derivative Income funds. Both are actively managed. At a correlation of -0.00, they often move in opposite directions. XXV charges 0.85%/yr vs 0.29%/yr for PAPI.
Performance
XXV vs. PAPI - Performance Comparison
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Returns By Period
In the year-to-date period, XXV achieves a 4.52% return, which is significantly lower than PAPI's 5.81% return.
XXV
- 1D
- -0.58%
- 1M
- 3.95%
- YTD
- 4.52%
- 6M
- 5.13%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PAPI
- 1D
- -0.26%
- 1M
- 0.28%
- YTD
- 5.81%
- 6M
- 5.78%
- 1Y
- 12.39%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XXV vs. PAPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XXV Simplify Ancorato Target 25 Distribution ETF | 4.52% | 4.10% |
PAPI Parametric Equity Premium Income ETF | 5.81% | 2.27% |
Correlation
The correlation between XXV and PAPI is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 19, 2025 | -0.00 |
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Return for Risk
XXV vs. PAPI — Risk / Return Rank
XXV
PAPI
XXV vs. PAPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Ancorato Target 25 Distribution ETF (XXV) and Parametric Equity Premium Income ETF (PAPI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| XXV | PAPI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.19 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.38 | 0.88 | +0.50 |
Drawdowns
XXV vs. PAPI - Drawdown Comparison
The maximum XXV drawdown since its inception was -8.90%, smaller than the maximum PAPI drawdown of -14.27%. Use the drawdown chart below to compare losses from any high point for XXV and PAPI.
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Drawdown Indicators
| XXV | PAPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.90% | -14.27% | +5.37% |
Max Drawdown (1Y)Largest decline over 1 year | — | -6.86% | — |
Current DrawdownCurrent decline from peak | -1.74% | -5.06% | +3.32% |
Average DrawdownAverage peak-to-trough decline | -2.09% | -2.73% | +0.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.53% | — |
Volatility
XXV vs. PAPI - Volatility Comparison
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Volatility by Period
| XXV | PAPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.23% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 7.00% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 12.52% | 10.55% | +1.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.52% | 11.76% | +0.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.52% | 11.76% | +0.76% |
XXV vs. PAPI - Expense Ratio Comparison
XXV has a 0.85% expense ratio, which is higher than PAPI's 0.29% expense ratio.
Dividends
XXV vs. PAPI - Dividend Comparison
XXV's dividend yield for the trailing twelve months is around 12.84%, more than PAPI's 7.62% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
PAPI Parametric Equity Premium Income ETF | 7.62% | 7.59% | 7.07% | 1.45% |
XXV Simplify Ancorato Target 25 Distribution ETF | 12.84% | 2.36% | 0.00% | 0.00% |
Frequently Asked Questions
XXV and PAPI have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PAPI is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PAPI is cheaper with a 0.29% expense ratio, compared with 0.85% for XXV.
XXV has the higher dividend yield at 12.84%, compared with 7.62% for PAPI.
They also come from different issuers: Simplify and Morgan Stanley. Their fees differ too: 0.85% for XXV and 0.29% for PAPI.
Find the right allocation for XXV and PAPI
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