OILT vs. OCTA ETF Comparison
Comparison of Texas Capital Texas Oil Index ETF (OILT) to Octane All-Cap Value Energy ETF (OCTA)
OILT
Texas Capital Texas Oil Index ETF
OILT Description
OILT aims to track the performance of an economic-value weighted index of energy companies that extract oil and gas within Texas. Companies in the index must be publicly traded and responsible for more than 0.1% of the annual state oil and gas production of Texas over the past 10 years based on data from the Texas Railroad Commission. The companies are sensitive to the price of West Texas Intermediate crude oil. Global and domestic infrastructure and trading have created efficiencies that have made the US a net exporter of oil and may positively impact the profitability of these companies. The stocks are weighted in the index by the aggregated economic value of oil and gas production of the company and multiplying it by the average oil and gas futures prices from the last day of trading of February in the current and previous year. Outside of extraordinary events, the index is reconstituted annually and rebalanced quarterly.
Grade (RS Rating)
Last Trade
$26.75
Average Daily Volume
1,971
24
OCTA
Octane All-Cap Value Energy ETF
OCTA Description
The fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its objective by investing in U.S.-listed equity securities of "Energy Companies." It will invest, under normal circumstances, at least 80% of its net assets plus the amount of borrowings for investment purposes, in equity securities of Value Energy Companies.Grade (RS Rating)
Last Trade
$18.57
Average Daily Volume
395
24
Performance
| Period | OILT | OCTA |
|---|---|---|
| 30 Days | 7.28% | 2.47% |
| 60 Days | 7.55% | -2.92% |
| 90 Days | 2.30% | -2.65% |
| 12 Months |
OILT Underweight 19 Positions Relative to OCTA
OILT: Top Represented Industries & Keywords
OCTA: Top Represented Industries & Keywords
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