CRAK vs. ERY
Compare and contrast key facts about VanEck Oil Refiners ETF (CRAK) and Direxion Daily Energy Bear 2X Shares (ERY).
CRAK and ERY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CRAK is a passively managed fund by VanEck that tracks the performance of the MVIS Global Oil Refiners. It was launched on Aug 18, 2015. ERY is a passively managed fund by Direxion that tracks the performance of the Energy Select Sector Index (-300%). It was launched on Apr 1, 2020. Both CRAK and ERY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
CRAK vs. ERY - Performance Comparison
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CRAK vs. ERY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CRAK VanEck Oil Refiners ETF | 29.10% | 39.11% | -15.05% | 13.73% | 19.10% | 10.90% | -11.22% | 9.15% | -10.46% | 49.86% |
ERY Direxion Daily Energy Bear 2X Shares | -44.19% | -18.54% | -5.58% | -0.35% | -73.61% | -68.00% | -11.94% | -38.67% | 45.61% | -5.67% |
Returns By Period
In the year-to-date period, CRAK achieves a 29.10% return, which is significantly higher than ERY's -44.19% return. Over the past 10 years, CRAK has outperformed ERY with an annualized return of 12.30%, while ERY has yielded a comparatively lower -36.24% annualized return.
CRAK
- 1D
- -1.98%
- 1M
- 4.65%
- YTD
- 29.10%
- 6M
- 33.54%
- 1Y
- 71.28%
- 3Y*
- 19.41%
- 5Y*
- 15.61%
- 10Y*
- 12.30%
ERY
- 1D
- 7.30%
- 1M
- -8.10%
- YTD
- -44.19%
- 6M
- -44.94%
- 1Y
- -44.52%
- 3Y*
- -26.22%
- 5Y*
- -40.95%
- 10Y*
- -36.24%
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CRAK vs. ERY - Expense Ratio Comparison
CRAK has a 0.60% expense ratio, which is lower than ERY's 1.07% expense ratio.
Return for Risk
CRAK vs. ERY — Risk / Return Rank
CRAK
ERY
CRAK vs. ERY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Oil Refiners ETF (CRAK) and Direxion Daily Energy Bear 2X Shares (ERY). 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.
| CRAK | ERY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.41 | -0.90 | +4.31 |
Sortino ratioReturn per unit of downside risk | 4.16 | -1.40 | +5.56 |
Omega ratioGain probability vs. loss probability | 1.62 | 0.84 | +0.78 |
Calmar ratioReturn relative to maximum drawdown | 4.77 | -0.68 | +5.45 |
Martin ratioReturn relative to average drawdown | 20.58 | -1.32 | +21.90 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CRAK | ERY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.41 | -0.90 | +4.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | -0.79 | +1.56 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | -0.51 | +1.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | -0.55 | +1.08 |
Correlation
The correlation between CRAK and ERY is -0.70. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
CRAK vs. ERY - Dividend Comparison
CRAK's dividend yield for the trailing twelve months is around 1.56%, less than ERY's 3.73% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CRAK VanEck Oil Refiners ETF | 1.56% | 2.02% | 5.60% | 3.65% | 3.08% | 2.40% | 2.64% | 1.49% | 2.42% | 1.66% | 3.42% | 0.47% |
ERY Direxion Daily Energy Bear 2X Shares | 3.73% | 3.48% | 4.13% | 4.14% | 0.32% | 0.00% | 0.43% | 1.50% | 0.56% | 0.00% | 0.00% | 0.00% |
Drawdowns
CRAK vs. ERY - Drawdown Comparison
The maximum CRAK drawdown since its inception was -58.80%, smaller than the maximum ERY drawdown of -99.99%. Use the drawdown chart below to compare losses from any high point for CRAK and ERY.
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Drawdown Indicators
| CRAK | ERY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.80% | -99.99% | +41.19% |
Max Drawdown (1Y)Largest decline over 1 year | -15.07% | -65.95% | +50.88% |
Max Drawdown (5Y)Largest decline over 5 years | -35.61% | -94.36% | +58.75% |
Max Drawdown (10Y)Largest decline over 10 years | -58.80% | -99.66% | +40.86% |
Current DrawdownCurrent decline from peak | -1.98% | -99.99% | +98.01% |
Average DrawdownAverage peak-to-trough decline | -12.63% | -96.89% | +84.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.49% | 34.29% | -30.80% |
Volatility
CRAK vs. ERY - Volatility Comparison
The current volatility for VanEck Oil Refiners ETF (CRAK) is 5.81%, while Direxion Daily Energy Bear 2X Shares (ERY) has a volatility of 12.55%. This indicates that CRAK experiences smaller price fluctuations and is considered to be less risky than ERY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CRAK | ERY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.81% | 12.55% | -6.74% |
Volatility (6M)Calculated over the trailing 6-month period | 13.42% | 28.79% | -15.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.99% | 49.79% | -28.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.45% | 52.11% | -31.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.11% | 70.72% | -48.61% |