CRAK vs. GXPE
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
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Returns By Period
In the year-to-date period, CRAK achieves a 33.23% return, which is significantly higher than GXPE's 31.18% return.
CRAK
- 1D
- 0.56%
- 1M
- -1.83%
- YTD
- 33.23%
- 6M
- 27.96%
- 1Y
- 67.58%
- 3Y*
- 22.78%
- 5Y*
- 13.54%
- 10Y*
- 13.28%
GXPE
- 1D
- 1.65%
- 1M
- -1.13%
- YTD
- 31.18%
- 6M
- 29.39%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CRAK vs. GXPE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CRAK VanEck Oil Refiners ETF | 33.23% | 10.03% |
GXPE Global X PureCap MSCI Energy ETF | 31.18% | 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 24, 2025 | 0.59 |
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Return for Risk
CRAK vs. GXPE — Risk / Return Rank
CRAK
GXPE
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.
| CRAK | GXPE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.62 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 7.93 | — | — |
| Martin ratioReturn relative to average drawdown | 22.48 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CRAK | GXPE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.70 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 2.18 | -1.64 |
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 -12.37%. Use the drawdown chart below to compare losses from any high point for CRAK and GXPE.
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Drawdown Indicators
| CRAK | GXPE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.80% | -12.37% | -46.43% |
Max Drawdown (1Y)Largest decline over 1 year | -8.57% | — | — |
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 DrawdownCurrent decline from peak | -3.81% | -6.88% | +3.07% |
Average DrawdownAverage peak-to-trough decline | -12.50% | -3.21% | -9.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | — | — |
Volatility
CRAK vs. GXPE - Volatility Comparison
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Volatility by Period
| CRAK | GXPE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.74% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 14.27% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 18.35% | 20.42% | -2.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.61% | 20.42% | +0.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.16% | 20.42% | +1.74% |
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 1.51%, more than GXPE's 0.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CRAK VanEck Oil Refiners ETF | 1.51% | 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 | 0.92% | 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
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.
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.
GXPE is cheaper with a 0.15% expense ratio, compared with 0.62% for CRAK.
CRAK has the higher dividend yield at 1.51%, compared with 0.92% for 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.
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