CRAK vs. GXPE

Last updated Jun 24, 2026

CRAK (VanEck Oil Refiners ETF) and GXPE (Global X PureCap MSCI Energy ETF) are both Energy Equities funds - CRAK tracks the MVIS Global Oil Refiners Index while GXPE tracks the MSCI USA Energy PureCap Index. Both are passively managed. A 0.59 correlation means they provide meaningful diversification when combined. CRAK charges 0.62%/yr vs 0.15%/yr for GXPE.

Performance

CRAK vs. GXPE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Oil Refiners ETF (CRAK) and Global X PureCap MSCI Energy ETF (GXPE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CRAK achieves a 20.86% return, which is significantly lower than GXPE's 22.46% return.

CRAK

• 1D: -0.83%
• 1M: -6.54%
• YTD: 20.86%
• 6M: 20.73%
• 1Y: 42.08%
• 3Y*: 19.31%
• 5Y*: 12.08%
• 10Y*: 12.77%

GXPE

• 1D: 0.98%
• 1M: -7.62%
• YTD: 22.46%
• 6M: 23.23%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CRAK vs. GXPE - Yearly Performance Comparison

	2026 (YTD)	2025
CRAK VanEck Oil Refiners ETF	20.86%	11.63%
GXPE Global X PureCap MSCI Energy ETF	22.46%	4.62%

Correlation

The correlation between CRAK and GXPE is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025	0.59

Return for Risk

CRAK vs. GXPE — Risk / Return Rank

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

CRAK

CRAK Risk / Return Rank: 69
CRAK Sharpe Ratio Rank: 73
CRAK Sortino Ratio Rank: 70
CRAK Omega Ratio Rank: 66
CRAK Calmar Ratio Rank: 69
CRAK Martin Ratio Rank: 66

GXPE

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. GXPE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Oil Refiners ETF (CRAK) and Global X PureCap MSCI Energy ETF (GXPE). 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	GXPE	Difference
Sharpe ratio: Return per unit of total volatility	2.21	—	—
Sortino ratio: Return per unit of downside risk	2.98	—	—
Omega ratio: Gain probability vs. loss probability	1.37	—	—
Calmar ratio: Return relative to maximum drawdown	3.29	—	—
Martin ratio: Return relative to average drawdown	11.53	—	—

Drawdowns

CRAK vs. GXPE - Drawdown Comparison

The maximum CRAK drawdown since its inception was -58.80%, which is greater than GXPE's maximum drawdown of -14.89%. Use the drawdown chart below to compare losses from any high point for CRAK and GXPE.

Drawdown Indicators

	CRAK	GXPE	Difference
Max Drawdown Largest peak-to-trough decline	-58.80%	-14.89%	-43.91%
Max Drawdown (1Y) Largest decline over 1 year	-12.84%	—	—
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	-12.74%	-13.07%	+0.33%
Average Drawdown Average peak-to-trough decline	-12.47%	-3.62%	-8.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.66%	—	—

Volatility

Volatility by Period

	CRAK	GXPE	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.42%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.00%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.11%	20.69%	-1.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.67%	20.69%	-0.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.17%	20.69%	+1.48%

CRAK vs. GXPE - Expense Ratio Comparison

CRAK has a 0.62% expense ratio, which is higher than GXPE's 0.15% expense ratio.

Dividends

CRAK vs. GXPE - Dividend Comparison

CRAK's dividend yield for the trailing twelve months is around 1.67%, more than GXPE's 0.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CRAK VanEck Oil Refiners ETF	1.67%	2.02%	5.60%	3.65%	3.08%	2.40%	2.64%	1.49%	2.42%	1.66%	3.42%	0.47%
GXPE Global X PureCap MSCI Energy ETF	0.98%	1.20%	0.00%	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 GXPE in my portfolio?

CRAK and GXPE have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CRAK or GXPE?

On fees, GXPE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CRAK or GXPE?

GXPE is cheaper with a 0.15% expense ratio, compared with 0.62% for CRAK.

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

CRAK has the higher dividend yield at 1.67%, compared with 0.98% for GXPE.

What is the main difference between CRAK and GXPE?

CRAK tracks MVIS Global Oil Refiners Index, while GXPE tracks MSCI USA Energy PureCap Index. They also come from different issuers: VanEck and Global X. Their fees differ too: 0.62% for CRAK and 0.15% for GXPE.