CRAK vs. FRDM
CRAK (VanEck Oil Refiners ETF) and FRDM (Freedom 100 Emerging Markets ETF) are both exchange-traded funds - CRAK is a Energy Equities fund tracking the MVIS Global Oil Refiners Index, while FRDM is a Emerging Markets Diversified fund tracking the Life + Liberty Freedom 100 Emerging Markets Index. Both are passively managed. Over the past 5 years, CRAK returned 13.12%/yr vs 18.68%/yr for FRDM. A 0.57 correlation means they provide meaningful diversification when combined. CRAK charges 0.62%/yr vs 0.49%/yr for FRDM.
Performance
CRAK vs. FRDM - Performance Comparison
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Returns By Period
In the year-to-date period, CRAK achieves a 29.26% return, which is significantly lower than FRDM's 40.13% return.
CRAK
- 1D
- 0.01%
- 1M
- -1.57%
- YTD
- 29.26%
- 6M
- 26.17%
- 1Y
- 55.23%
- 3Y*
- 20.46%
- 5Y*
- 13.12%
- 10Y*
- 13.50%
FRDM
- 1D
- 0.49%
- 1M
- 9.04%
- YTD
- 40.13%
- 6M
- 46.37%
- 1Y
- 87.32%
- 3Y*
- 34.29%
- 5Y*
- 18.68%
- 10Y*
- —
CRAK vs. FRDM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CRAK VanEck Oil Refiners ETF | 29.26% | 39.11% | -15.05% | 13.73% | 19.10% | 10.90% | -11.22% | 8.05% |
FRDM Freedom 100 Emerging Markets ETF | 40.13% | 61.27% | 1.70% | 22.77% | -14.45% | 6.13% | 16.90% | 12.23% |
Correlation
The correlation between CRAK and FRDM is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since May 23, 2019 | 0.58 |
Over the past year, the correlation between CRAK and FRDM has dropped to 0.22 - well below their long-term average of 0.57, suggesting their price drivers have been diverging.
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Return for Risk
CRAK vs. FRDM — Risk / Return Rank
CRAK
FRDM
CRAK vs. FRDM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Oil Refiners ETF (CRAK) and Freedom 100 Emerging Markets ETF (FRDM). 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 | FRDM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.54 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 6.49 | 5.02 | +1.47 |
| Martin ratioReturn relative to average drawdown | 17.24 | 19.36 | -2.12 |
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Drawdowns
CRAK vs. FRDM - Drawdown Comparison
The maximum CRAK drawdown since its inception was -58.80%, which is greater than FRDM's maximum drawdown of -40.49%. Use the drawdown chart below to compare losses from any high point for CRAK and FRDM.
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Drawdown Indicators
| CRAK | FRDM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.80% | -40.49% | -18.31% |
Max Drawdown (1Y)Largest decline over 1 year | -8.57% | -16.87% | +8.30% |
Max Drawdown (3Y)Largest decline over 3 years | -35.61% | -16.87% | -18.74% |
Max Drawdown (5Y)Largest decline over 5 years | -35.61% | -29.25% | -6.36% |
Max Drawdown (10Y)Largest decline over 10 years | -58.80% | — | — |
Current DrawdownCurrent decline from peak | -6.68% | -4.36% | -2.32% |
Average DrawdownAverage peak-to-trough decline | -12.48% | -7.09% | -5.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.22% | 4.37% | -1.15% |
Volatility
CRAK vs. FRDM - Volatility Comparison
The current volatility for VanEck Oil Refiners ETF (CRAK) is 5.81%, while Freedom 100 Emerging Markets ETF (FRDM) has a volatility of 14.27%. This indicates that CRAK experiences smaller price fluctuations and is considered to be less risky than FRDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CRAK | FRDM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.81% | 14.27% | -8.46% |
Volatility (6M)Calculated over the trailing 6-month period | 14.72% | 24.39% | -9.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.66% | 26.86% | -8.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.67% | 21.35% | -0.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.17% | 23.09% | -0.92% |
CRAK vs. FRDM - Expense Ratio Comparison
CRAK has a 0.62% expense ratio, which is higher than FRDM's 0.49% expense ratio.
Dividends
CRAK vs. FRDM - Dividend Comparison
CRAK's dividend yield for the trailing twelve months is around 1.56%, which matches FRDM's 1.56% 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% |
FRDM Freedom 100 Emerging Markets ETF | 1.56% | 2.26% | 2.53% | 2.66% | 2.72% | 2.17% | 1.11% | 1.07% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CRAK and FRDM have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FRDM has higher volatility (14.27%) compared to CRAK (5.81%). In terms of maximum drawdown, CRAK dropped -58.80% vs FRDM's -40.49%.
On 5-year performance, FRDM leads with 18.68% vs 13.12% for CRAK. On fees, FRDM is cheaper at 0.49% per year. On volatility, CRAK has been the lower-risk option at 5.81%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FRDM has performed better with a 18.68% return vs 13.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FRDM is cheaper with a 0.49% expense ratio, compared with 0.62% for CRAK.
CRAK and FRDM have nearly identical dividend yields, around 1.56%.
CRAK is categorized as Energy Equities, while FRDM is Emerging Markets Diversified. CRAK tracks MVIS Global Oil Refiners Index, while FRDM tracks Life + Liberty Freedom 100 Emerging Markets Index. They also come from different issuers: VanEck and Freedom Funds. Their fees differ too: 0.62% for CRAK and 0.49% for FRDM.
FRDM currently has the higher Sharpe Ratio (3.15 vs 2.98), 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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