OCTA
Octane All-Cap Value Energy ETF
The Octane All-Cap Value Energy ETF seeks to provide investors with long-term capital appreciation by investing primarily in equity securities of energy companies across a wide range of market capitalizations.
Global
EQUITY
Active
MANAGEMENT STYLE
0.9 M
ASSETS UNDER MGMT
30 bp
EXPENSES
Fund Basics
| Fund sponsor | Octane |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Jul 31, 2024 |
| Assets (mns) | $1 |
| Expense ratio | 30 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | |
| Taxation | 1099 |
| Stock selection | |
| Weighting | |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| ARCH COAL INC CLASS A | 6.5 % |
| PEABODY ENERGY CORPORATION | 5.5 % |
| SM ENERGY CO | 5.4 % |
| TOTAL SA-SPON ADR | 5.0 % |
| BW LPG LTD | 4.5 % |
| VALERO ENERGY CORP | 4.3 % |
| CONSOL ENERGY INC | 4.3 % |
| PBF ENERGY INC-CLASS A | 4.2 % |
| EOG RESOURCES, INC. | 4.1 % |
| SHELL PLC | 4.0 % |
Constituent Breakdown
| Number of holdings | 26 |
| Herfindahl-Hirschman Index | 381 |
| Wgt avg mkt cap (mns) | $23,528 |
| Large cap (>$10bn) | 34.6% |
| Mid cap ($2-10bn) | 50.6% |
| Small cap (<$2bn) | 14.9% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 70.6 % |
 |
FRANCE | 5.0 % |
 |
CANADA | 4.8 % |
 |
BRITAIN | 3.4 % |
 |
LUXEMBOURG | 2.6 % |
 |
ITALY | 2.6 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -9.4% | -- | -- | -- | -- | -- | -9.4% | Volatility | -- | -- | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.00 | 0% |
| MSCI EAFE | 0.00 | 0% |
| MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
| Avg. volume (000) | 0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.18% |
| ADV of underlying (mns) | $2,884 |
Technical Indicators
| Recent close | $18.57 |
| 30d moving avg. | $0.00 |
| Annualized volatility | 0.0% |
| Relative strength (RSI) | 0 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. OCTA |
Expenses vs. OCTA |
ALTAR Score™ vs. OCTA |
|---|---|---|---|---|
| PXE | Invesco Energy Exploration & Production ETF | 32.5% | +30 bp | -0.7% |
| XOP | SPDR S&P Oil & Gas Exploration & Production ETF | 25.0% | +5 bp | -3.6% |
| IEO | iShares U.S. Oil & Gas Exploration & Production ETF | 21.6% | +10 bp | -4.2% |
| DRLL | Strive U.S. Energy ETF | 20.1% | +11 bp | -5.6% |
| FXN | First Trust Energy AlphaDEX Fund | 20.1% | +32 bp | -4.3% |
| FTXN | First Trust Nasdaq Oil & Gas ETF | 19.8% | +30 bp | -4.8% |
| RSPG | Invesco S&P 500 Equal Weight Energy ETF | 19.1% | +10 bp | -5.0% |
| PXI | Invesco Dorsey Wright Energy Momentum ETF | 18.0% | +30 bp | -6.8% |
| CRAK | VanEck Oil Refiners ETF | 17.1% | +31 bp | +2.2% |
| FENY | Fidelity MSCI Energy Index ETF | 15.8% | -22 bp | -6.2% |
Risk and Returns: OCTA vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/21/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
OCTA
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
OCTA
12.5%
Cat. Avg
4.1%
ALTAR Score™ Calculation
Category Overview
There are 376 funds in the Global Equity category, with an average ALTAR Score™
of 4.1% and a standard deviation of
4.7%. OCTA's ALTAR Score™ is approximately
1.8 standard deviations
above
the category average. This places OCTA in the 96th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
OCTASELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active Global Equity ETFs |
| # of ETFs | 118 |
| Avg. Expense Ratio | 73.5 bp |
| Std. Deviation | 29.8 bp |
| OCTA (30 bp) Percentile rank | 8 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| OCTA | 30.0 | 18.0 | 48 |
| Peer Avg. | 74.7 | 39.0 | 113.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .