XXV vs. SPUT

Last updated Jun 5, 2026

XXV (Simplify Ancorato Target 25 Distribution ETF) and SPUT (Innovator Equity Premium Income Daily PutWrite ETF) are both Derivative Income funds. Both are actively managed. A 0.56 correlation means they provide meaningful diversification when combined. XXV charges 0.85%/yr vs 0.79%/yr for SPUT.

Performance

XXV vs. SPUT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Ancorato Target 25 Distribution ETF (XXV) and Innovator Equity Premium Income Daily PutWrite ETF (SPUT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XXV achieves a 5.44% return, which is significantly lower than SPUT's 7.42% return.

XXV

• 1D: 0.88%
• 1M: 5.15%
• YTD: 5.44%
• 6M: 6.57%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPUT

• 1D: 0.15%
• 1M: 2.64%
• YTD: 7.42%
• 6M: 7.75%
• 1Y: 18.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

XXV vs. SPUT - Yearly Performance Comparison

	2026 (YTD)	2025
XXV Simplify Ancorato Target 25 Distribution ETF	5.44%	4.10%
SPUT Innovator Equity Premium Income Daily PutWrite ETF	7.42%	2.58%

Correlation

The correlation between XXV and SPUT is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 19, 2025	0.56

Return for Risk

XXV vs. SPUT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPUT

SPUT Risk / Return Rank: 86
SPUT Sharpe Ratio Rank: 82
SPUT Sortino Ratio Rank: 84
SPUT Omega Ratio Rank: 87
SPUT Calmar Ratio Rank: 88
SPUT Martin Ratio Rank: 92

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XXV vs. SPUT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Ancorato Target 25 Distribution ETF (XXV) and Innovator Equity Premium Income Daily PutWrite ETF (SPUT). 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.

Sharpe Ratios by Period

	XXV	SPUT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.63	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.52	1.55	-0.03

Drawdowns

XXV vs. SPUT - Drawdown Comparison

The maximum XXV drawdown since its inception was -8.90%, smaller than the maximum SPUT drawdown of -10.55%. Use the drawdown chart below to compare losses from any high point for XXV and SPUT.

Drawdown Indicators

	XXV	SPUT	Difference
Max Drawdown Largest peak-to-trough decline	-8.90%	-10.55%	+1.65%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.81%	—
Current Drawdown Current decline from peak	-0.88%	-0.19%	-0.69%
Average Drawdown Average peak-to-trough decline	-2.09%	-0.88%	-1.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.83%	—

Volatility

Volatility by Period

	XXV	SPUT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.44%	—
Volatility (6M) Calculated over the trailing 6-month period	—	5.46%	—
Volatility (1Y) Calculated over the trailing 1-year period	12.52%	7.23%	+5.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.52%	11.24%	+1.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.52%	11.24%	+1.28%

XXV vs. SPUT - Expense Ratio Comparison

XXV has a 0.85% expense ratio, which is higher than SPUT's 0.79% expense ratio.

Dividends

XXV vs. SPUT - Dividend Comparison

XXV's dividend yield for the trailing twelve months is around 12.73%, more than SPUT's 5.02% yield.

Position	TTM	2025
SPUT Innovator Equity Premium Income Daily PutWrite ETF	5.02%	4.66%
XXV Simplify Ancorato Target 25 Distribution ETF	12.73%	2.36%

Frequently Asked Questions

Can I hold both XXV and SPUT in my portfolio?

XXV and SPUT have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XXV or SPUT?

On fees, SPUT is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XXV or SPUT?

SPUT is cheaper with a 0.79% expense ratio, compared with 0.85% for XXV.

Which ETF pays a higher dividend yield, XXV or SPUT?

XXV has the higher dividend yield at 12.73%, compared with 5.02% for SPUT.

What is the main difference between XXV and SPUT?

They also come from different issuers: Simplify and Innovator. Their fees differ too: 0.85% for XXV and 0.79% for SPUT.