CRAK vs. FLDB

Last updated Jun 6, 2026

CRAK (VanEck Oil Refiners ETF) and FLDB (Fidelity Low Duration Bond ETF) are both exchange-traded funds - CRAK is a Energy Equities fund tracking the MVIS Global Oil Refiners Index, while FLDB is a Short-Term Bond fund actively managed by Fidelity. CRAK is passively managed, while FLDB is actively managed. Over the past year, CRAK returned 63.21% vs 4.13% for FLDB. At a correlation of -0.05, they often move in opposite directions. CRAK charges 0.62%/yr vs 0.20%/yr for FLDB.

Performance

CRAK vs. FLDB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Oil Refiners ETF (CRAK) and Fidelity Low Duration Bond ETF (FLDB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CRAK achieves a 29.29% return, which is significantly higher than FLDB's 1.39% return.

CRAK

• 1D: -2.71%
• 1M: -3.23%
• YTD: 29.29%
• 6M: 23.79%
• 1Y: 63.21%
• 3Y*: 21.21%
• 5Y*: 12.86%
• 10Y*: 12.82%

FLDB

• 1D: 0.03%
• 1M: 0.22%
• YTD: 1.39%
• 6M: 1.77%
• 1Y: 4.13%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CRAK vs. FLDB - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CRAK VanEck Oil Refiners ETF	29.29%	39.11%	-19.60%
FLDB Fidelity Low Duration Bond ETF	1.39%	4.93%	4.29%

Correlation

The correlation between CRAK and FLDB is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.15
Correlation (All Time) Calculated using the full available price history since Feb 27, 2024	-0.05

Return for Risk

CRAK vs. FLDB — Risk / Return Rank

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

CRAK

CRAK Risk / Return Rank: 93
CRAK Sharpe Ratio Rank: 94
CRAK Sortino Ratio Rank: 93
CRAK Omega Ratio Rank: 91
CRAK Calmar Ratio Rank: 95
CRAK Martin Ratio Rank: 91

FLDB

FLDB Risk / Return Rank: 98
FLDB Sharpe Ratio Rank: 97
FLDB Sortino Ratio Rank: 98
FLDB Omega Ratio Rank: 98
FLDB Calmar Ratio Rank: 99
FLDB Martin Ratio Rank: 99

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.

CRAK vs. FLDB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Oil Refiners ETF (CRAK) and Fidelity Low Duration Bond ETF (FLDB). 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	FLDB	Difference
Sharpe ratio: Return per unit of total volatility	3.42	4.63	-1.20
Sortino ratio: Return per unit of downside risk	4.40	8.33	-3.92
Omega ratio: Gain probability vs. loss probability	1.57	2.10	-0.53
Calmar ratio: Return relative to maximum drawdown	7.42	24.78	-17.36
Martin ratio: Return relative to average drawdown	20.75	92.23	-71.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CRAK vs. FLDB - Sharpe Ratio Comparison

The current CRAK Sharpe Ratio is 3.42, which is comparable to the FLDB Sharpe Ratio of 4.63. The chart below compares the historical Sharpe Ratios of CRAK and FLDB, 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

	CRAK	FLDB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.42	4.63	-1.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.63	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.58	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	3.59	-3.07

Drawdowns

CRAK vs. FLDB - Drawdown Comparison

The maximum CRAK drawdown since its inception was -58.80%, which is greater than FLDB's maximum drawdown of -0.49%. Use the drawdown chart below to compare losses from any high point for CRAK and FLDB.

Drawdown Indicators

	CRAK	FLDB	Difference
Max Drawdown Largest peak-to-trough decline	-58.80%	-0.49%	-58.31%
Max Drawdown (1Y) Largest decline over 1 year	-8.57%	-0.17%	-8.40%
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	-6.66%	-0.02%	-6.64%
Average Drawdown Average peak-to-trough decline	-12.49%	-0.05%	-12.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.06%	0.04%	+3.02%

Volatility

CRAK vs. FLDB - Volatility Comparison

VanEck Oil Refiners ETF (CRAK) has a higher volatility of 5.92% compared to Fidelity Low Duration Bond ETF (FLDB) at 0.32%. This indicates that CRAK's price experiences larger fluctuations and is considered to be riskier than FLDB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CRAK	FLDB	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.92%	0.32%	+5.60%
Volatility (6M) Calculated over the trailing 6-month period	14.56%	0.61%	+13.95%
Volatility (1Y) Calculated over the trailing 1-year period	18.57%	0.90%	+17.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.64%	1.31%	+19.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.17%	1.31%	+20.86%

CRAK vs. FLDB - Expense Ratio Comparison

CRAK has a 0.62% expense ratio, which is higher than FLDB's 0.20% expense ratio.

Dividends

CRAK vs. FLDB - Dividend Comparison

CRAK's dividend yield for the trailing twelve months is around 1.56%, less than FLDB's 4.45% yield.

Position	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%
FLDB Fidelity Low Duration Bond ETF	4.45%	4.72%	3.58%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CRAK and FLDB in my portfolio?

CRAK and FLDB have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CRAK or FLDB?

CRAK has higher volatility (5.92%) compared to FLDB (0.32%). In terms of maximum drawdown, CRAK dropped -58.80% vs FLDB's -0.49%.

Which ETF is better, CRAK or FLDB?

On 1-year performance, CRAK leads with 63.21% vs 4.13% for FLDB. On fees, FLDB is cheaper at 0.20% per year. On volatility, FLDB has been the lower-risk option at 0.32%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CRAK or FLDB?

Over the 1-year period, CRAK has performed better with a 63.21% return vs 4.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CRAK or FLDB?

FLDB is cheaper with a 0.20% expense ratio, compared with 0.62% for CRAK.

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

FLDB has the higher dividend yield at 4.45%, compared with 1.56% for CRAK.

What is the main difference between CRAK and FLDB?

CRAK is categorized as Energy Equities, while FLDB is Short-Term Bond. They also come from different issuers: VanEck and Fidelity. Their fees differ too: 0.62% for CRAK and 0.20% for FLDB.

Which has better risk-adjusted returns?

FLDB currently has the higher Sharpe Ratio (4.63 vs 3.42), 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.