COAL vs. CRAK

Last updated Jun 5, 2026

COAL (Range Global Coal Index ETF) and CRAK (VanEck Oil Refiners ETF) are both Energy Equities funds - COAL tracks the VettaFi Global Coal Index while CRAK tracks the MVIS Global Oil Refiners Index. Both are passively managed. Over the past year, COAL returned 69.32% vs 67.73% for CRAK. At a 0.44 correlation, their price movements are largely independent. COAL charges 0.85%/yr vs 0.62%/yr for CRAK.

Performance

COAL vs. CRAK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Range Global Coal Index ETF (COAL) and VanEck Oil Refiners ETF (CRAK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, COAL achieves a 24.29% return, which is significantly lower than CRAK's 32.89% return.

COAL

• 1D: 2.07%
• 1M: 8.50%
• YTD: 24.29%
• 6M: 26.74%
• 1Y: 69.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CRAK

• 1D: -0.26%
• 1M: -4.06%
• YTD: 32.89%
• 6M: 27.88%
• 1Y: 67.73%
• 3Y*: 22.75%
• 5Y*: 13.48%
• 10Y*: 13.22%

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

COAL vs. CRAK - Yearly Performance Comparison

	2026 (YTD)	2025	2024
COAL Range Global Coal Index ETF	24.29%	12.65%	-16.01%
CRAK VanEck Oil Refiners ETF	32.89%	39.11%	-13.54%

Correlation

The correlation between COAL and CRAK is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (All Time) Calculated using the full available price history since Jan 25, 2024	0.44

COAL vs. CRAK - Sectors Allocation Comparison

Sectors	COAL	CRAK
Energy	50.3%	98.9%
Basic Materials	43.2%	1.1%
Industrials	6.6%	4.0%
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

COAL vs. CRAK — Risk / Return Rank

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

COAL

COAL Risk / Return Rank: 71
COAL Sharpe Ratio Rank: 74
COAL Sortino Ratio Rank: 71
COAL Omega Ratio Rank: 64
COAL Calmar Ratio Rank: 84
COAL Martin Ratio Rank: 61

CRAK

CRAK Risk / Return Rank: 93
CRAK Sharpe Ratio Rank: 95
CRAK Sortino Ratio Rank: 94
CRAK Omega Ratio Rank: 92
CRAK Calmar Ratio Rank: 95
CRAK 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.

COAL vs. CRAK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Range Global Coal Index ETF (COAL) and VanEck Oil Refiners ETF (CRAK). 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.

	COAL	CRAK	Difference
Sharpe ratio: Return per unit of total volatility	2.37	3.71	-1.34
Sortino ratio: Return per unit of downside risk	3.19	4.77	-1.59
Omega ratio: Gain probability vs. loss probability	1.38	1.62	-0.23
Calmar ratio: Return relative to maximum drawdown	4.52	7.95	-3.43
Martin ratio: Return relative to average drawdown	10.66	22.45	-11.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

COAL vs. CRAK - Sharpe Ratio Comparison

The current COAL Sharpe Ratio is 2.37, which is lower than the CRAK Sharpe Ratio of 3.71. The chart below compares the historical Sharpe Ratios of COAL and CRAK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	COAL	CRAK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.37	3.71	-1.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.66	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.60	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	0.54	-0.28

Drawdowns

COAL vs. CRAK - Drawdown Comparison

The maximum COAL drawdown since its inception was -42.29%, smaller than the maximum CRAK drawdown of -58.80%. Use the drawdown chart below to compare losses from any high point for COAL and CRAK.

Drawdown Indicators

	COAL	CRAK	Difference
Max Drawdown Largest peak-to-trough decline	-42.29%	-58.80%	+16.51%
Max Drawdown (1Y) Largest decline over 1 year	-15.42%	-8.57%	-6.85%
Max Drawdown (3Y) Largest decline over 3 years	—	-35.61%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-35.61%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-58.80%	—
Current Drawdown Current decline from peak	-0.18%	-4.06%	+3.88%
Average Drawdown Average peak-to-trough decline	-14.12%	-12.49%	-1.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.52%	3.03%	+3.49%

Volatility

COAL vs. CRAK - Volatility Comparison

Range Global Coal Index ETF (COAL) has a higher volatility of 10.63% compared to VanEck Oil Refiners ETF (CRAK) at 6.36%. This indicates that COAL's price experiences larger fluctuations and is considered to be riskier than CRAK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	COAL	CRAK	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.63%	6.36%	+4.27%
Volatility (6M) Calculated over the trailing 6-month period	21.30%	14.26%	+7.04%
Volatility (1Y) Calculated over the trailing 1-year period	29.45%	18.34%	+11.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.61%	20.61%	+7.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.61%	22.16%	+5.45%

COAL vs. CRAK - Expense Ratio Comparison

COAL has a 0.85% expense ratio, which is higher than CRAK's 0.62% expense ratio.

Dividends

COAL vs. CRAK - Dividend Comparison

COAL's dividend yield for the trailing twelve months is around 2.12%, more than CRAK's 1.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
COAL Range Global Coal Index ETF	2.12%	2.63%	1.80%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CRAK VanEck Oil Refiners ETF	1.52%	2.02%	5.60%	3.65%	3.08%	2.40%	2.64%	1.49%	2.42%	1.66%	3.42%	0.47%

Frequently Asked Questions

Can I hold both COAL and CRAK in my portfolio?

COAL and CRAK have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, COAL or CRAK?

COAL has higher volatility (10.63%) compared to CRAK (6.36%). In terms of maximum drawdown, COAL dropped -42.29% vs CRAK's -58.80%.

Which ETF is better, COAL or CRAK?

On 1-year performance, COAL leads with 69.32% vs 67.73% for CRAK. On fees, CRAK is cheaper at 0.62% per year. On volatility, CRAK has been the lower-risk option at 6.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, COAL or CRAK?

Over the 1-year period, COAL has performed better with a 69.32% return vs 67.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, COAL or CRAK?

CRAK is cheaper with a 0.62% expense ratio, compared with 0.85% for COAL.

Which ETF pays a higher dividend yield, COAL or CRAK?

COAL has the higher dividend yield at 2.12%, compared with 1.52% for CRAK.

What is the main difference between COAL and CRAK?

COAL tracks VettaFi Global Coal Index, while CRAK tracks MVIS Global Oil Refiners Index. They also come from different issuers: Exchange Traded Concepts and VanEck. Their fees differ too: 0.85% for COAL and 0.62% for CRAK.

Which has better risk-adjusted returns?

CRAK currently has the higher Sharpe Ratio (3.71 vs 2.37), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.