CRAK vs. BSMU
CRAK (VanEck Oil Refiners ETF) and BSMU (Invesco BulletShares 2030 Municipal Bond ETF) are both exchange-traded funds - CRAK is a Energy Equities fund tracking the MVIS Global Oil Refiners Index, while BSMU is a Municipal Bonds fund tracking the Invesco Bulletshares Municipal Bond 2030 Index. Both are passively managed. Over the past 5 years, CRAK returned 19.01%/yr vs -1.07%/yr for BSMU. Their -0.03 correlation means they have often moved in opposite directions in the past. CRAK charges 0.62%/yr vs 0.18%/yr for BSMU.
Performance
CRAK vs. BSMU - Performance Comparison
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Returns By Period
In the year-to-date period, CRAK achieves a 47.28% return, which is significantly higher than BSMU's -0.34% return.
CRAK
- 1D
- -1.04%
- 1M
- 16.39%
- 6M
- 31.77%
- YTD
- 47.28%
- 1Y
- 70.85%
- 3Y*
- 23.11%
- 5Y*
- 19.01%
- 10Y*
- 14.65%
- ALL TIME*
- 12.82%
BSMU
- 1D
- -0.09%
- 1M
- -1.13%
- 6M
- -1.15%
- YTD
- -0.34%
- 1Y
- 2.49%
- 3Y*
- 2.44%
- 5Y*
- -1.07%
- 10Y*
- —
- ALL TIME*
- 0.12%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $923.23K | $1.24M | $1.23M | |
| $24.74M | $18.05M | $9.17M |
CRAK vs. BSMU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CRAK VanEck Oil Refiners ETF | 47.28% | 39.11% | -15.05% | 13.73% | 19.10% | 10.90% | 24.00% |
BSMU Invesco BulletShares 2030 Municipal Bond ETF | -0.34% | 4.35% | -0.29% | 6.31% | -13.76% | 1.88% | 4.00% |
Correlation
The correlation between CRAK and BSMU is -0.18, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.18 |
Correlation (3Y) Balances recent behavior with more history. | -0.01 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.02 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2020 | -0.03 |
The correlation between CRAK and BSMU shifts across timeframes, from -0.18 (1 year) to -0.01 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
CRAK vs. BSMU — Risk / Return Rank
CRAK
BSMU
CRAK vs. BSMU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Oil Refiners ETF (CRAK) and Invesco BulletShares 2030 Municipal Bond ETF (BSMU). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CRAK | BSMU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.94 | ||
| Sortino ratioReturn per unit of downside risk | +2.18 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.30 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 5.01 | 1.50 | +3.51 |
| Martin ratioReturn relative to average drawdown | 16.54 | 3.91 | +12.63 |
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Drawdowns
CRAK vs. BSMU - Drawdown Comparison
The maximum CRAK drawdown since its inception was -58.80%, which is greater than BSMU's maximum drawdown of -19.48%. Use the drawdown chart below to compare losses from any high point for CRAK and BSMU.
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Drawdown Indicators
| CRAK | BSMU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.80% | -19.48% | -39.32% |
Max Drawdown (1Y)Largest decline over 1 year | -13.59% | -2.06% | -11.53% |
Max Drawdown (3Y)Largest decline over 3 years | -35.61% | -4.82% | -30.79% |
Max Drawdown (5Y)Largest decline over 5 years | -35.61% | -19.14% | -16.47% |
Max Drawdown (10Y)Largest decline over 10 years | -58.80% | — | — |
Current DrawdownCurrent decline from peak | -1.04% | -5.69% | +4.65% |
Average DrawdownAverage peak-to-trough decline | -12.39% | -8.10% | -4.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.11% | 0.79% | +3.32% |
Volatility
CRAK vs. BSMU - Volatility Comparison
VanEck Oil Refiners ETF (CRAK) has a higher volatility of 6.59% compared to Invesco BulletShares 2030 Municipal Bond ETF (BSMU) at 0.64%. This indicates that CRAK's price experiences larger fluctuations and is considered to be riskier than BSMU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CRAK | BSMU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.59% | 0.64% | +5.95% |
Volatility (6M)Calculated over the trailing 6-month period | 16.11% | 1.65% | +14.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.11% | 2.14% | +17.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.75% | 4.81% | +15.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.24% | 4.79% | +17.45% |
CRAK vs. BSMU - Expense Ratio Comparison
CRAK has a 0.62% expense ratio, which is higher than BSMU's 0.18% expense ratio.
Dividends
CRAK vs. BSMU - Dividend Comparison
CRAK's dividend yield for the trailing twelve months is around 1.37%, less than BSMU's 2.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSMU Invesco BulletShares 2030 Municipal Bond ETF | 2.81% | 2.82% | 2.92% | 2.66% | 2.16% | 1.60% | 0.28% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CRAK VanEck Oil Refiners ETF | 1.37% | 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
CRAK and BSMU have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CRAK has higher volatility (6.59%) compared to BSMU (0.64%). In terms of maximum drawdown, CRAK dropped -58.80% vs BSMU's -19.48%.
On 5-year performance, CRAK leads with 19.01% vs -1.07% for BSMU. On fees, BSMU is cheaper at 0.18% per year. On volatility, BSMU has been the lower-risk option at 0.64%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, CRAK has performed better with a 19.01% return vs -1.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BSMU is cheaper with a 0.18% expense ratio, compared with 0.62% for CRAK.
BSMU has the higher dividend yield at 2.81%, compared with 1.37% for CRAK.
CRAK is categorized as Energy Equities, while BSMU is Municipal Bonds. CRAK tracks MVIS Global Oil Refiners Index, while BSMU tracks Invesco Bulletshares Municipal Bond 2030 Index. They also come from different issuers: VanEck and Invesco. Their fees differ too: 0.62% for CRAK and 0.18% for BSMU.
CRAK currently has the higher Sharpe Ratio (3.39 vs 1.46), 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.
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