DKRB
Subversive Decarbonization ETF
DKRB actively invests in firms that contribute and invest in global decarbonization efforts. Companies are selected based on quantitative and qualitative factors and weighted proportionally to their involvement in this sector.
Fund Basics
Fund sponsor | Subversive Capital Advisor LLC |
Category | Global Equities |
Asset class | Equity |
Website | link... |
Inception date | Dec 22, 2022 |
Assets (mns) | $0 |
Expense ratio | 75 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Annually |
Taxation | 1099 |
Stock selection | Proprietary |
Weighting | Proprietary |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | No |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
Complete list +
BOSS ENERGY LIMITED | 8.2 % |
CAMECO CORP | 7.4 % |
URANIUM ENERGY CORP | 7.3 % |
NEXGEN ENERGY LTD. | 4.7 % |
UR-ENERGY INC. | 4.7 % |
ENCORE ENERGY CORP. | 4.6 % |
BANNERMAN RESOURCES LTD | 4.4 % |
CENTRAL PUERTO S.A. SPONSORED ADR | 4.3 % |
DEEP YELLOW LTD | 4.2 % |
MEGA URANIUM LTD | 3.9 % |
Constituent Breakdown
Number of holdings | 3 |
Herfindahl-Hirschman Index | 719 |
Wgt avg mkt cap (mns) | $2,658 |
Large cap (>$10bn) | 11.3% |
Mid cap ($2-10bn) | 17.1% |
Small cap (<$2bn) | 71.6% |
Developed mkts. | 89.7% |
Emerging mkts. | 10.4% |
Country Exposure
UNITED STATES | 22.3 % | |
CANADA | 22.2 % | |
AUSTRALIA | 16.8 % | |
ARGENTINA | 8.0 % | |
NORWAY | 3.6 % | |
CAYMAN ISLANDS | 2.8 % | |
BRITAIN | 1.4 % | |
GERMANY | 1.2 % |
Historical Performance
Standardized Annual Returns (as of 03/31/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
---|---|---|---|---|---|---|
-15.3% | -17.7% | -- | -- | -- | -- | -19.1% |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | -0.30 | 3% |
MSCI EAFE | 0.05 | 0% |
MSCI Emg Mkts | 0.11 | 1% |
Liquidity Measures
Avg. volume (000) | 0 |
Turnover | 0.0% |
Avg. Bid/Ask (% of price) | 1.04% |
ADV of underlying (mns) | $551 |
Technical Indicators
Recent close | $0.00 |
30d moving avg. | $25.23 |
Annualized volatility | 22.3% |
Relative strength (RSI) | 50 |
Short interest (ETF) | 0.1% |
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. DKRB |
Expenses vs. DKRB |
ALTAR Score™ vs. DKRB |
---|---|---|---|---|
URA | Global X Uranium ETF | 25.9% | -6 bp | +3.9% |
URNJ | Sprott Junior Uranium Miners ETF | 19.6% | +5 bp | -2.4% |
NLR | VanEck Uranium+Nuclear Energy ETF | 13.1% | -14 bp | +4.5% |
Risk and Returns: DKRB 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 4/10/2024
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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
DKRB
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 Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
DKRB
0.0%
Cat. Avg
3.6%
Fund Category: Global Equities
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 0.0% |
Recommendation
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
Category Overview
There are 347 funds in the Global Equities category, with an average ALTAR Score™
of 3.6% and a standard deviation of
5.0%. DKRB's ALTAR Score™ is approximately
0.7 standard deviations
below
the category average. This places DKRB in the 23rd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
DKRB
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
Latest price | |
Change | |
Volume | |
Bid/Ask Spread | |
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Today's Trading
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Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
DKRB | 75.0 | 104.0 | 179 |
Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .