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CRAK vs. IXC
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CRAK vs. IXC

Last updated Jun 4, 2026

CRAK (VanEck Oil Refiners ETF) and IXC (iShares Global Energy ETF) are both Energy Equities funds - CRAK tracks the MVIS Global Oil Refiners Index while IXC tracks the S&P Global Energy Sector Index. Both are passively managed. Over the past 10 years, CRAK returned 13.28%/yr vs 10.29%/yr for IXC. A 0.74 correlation means they provide meaningful diversification when combined. CRAK charges 0.62%/yr vs 0.46%/yr for IXC.

Performance

CRAK vs. IXC - Performance Comparison

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

Loading charts...

Returns By Period

The year-to-date returns for both stocks are quite close, with CRAK having a 33.23% return and IXC slightly lower at 32.22%. Over the past 10 years, CRAK has outperformed IXC with an annualized return of 13.28%, while IXC has yielded a comparatively lower 10.29% annualized 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%

IXC

1D
0.87%
1M
-1.75%
YTD
32.22%
6M
30.00%
1Y
48.10%
3Y*
18.84%
5Y*
19.64%
10Y*
10.29%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CRAK vs. IXC - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CRAK
VanEck Oil Refiners ETF		33.23%39.11%-15.05%13.73%19.10%10.90%-11.22%9.15%-10.46%49.86%
IXC
iShares Global Energy ETF		32.22%13.98%1.95%3.92%48.51%40.88%-31.00%12.67%-14.85%5.54%

Correlation

The correlation between CRAK and IXC is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.63

Correlation (3Y)
Calculated over the trailing 3-year period

0.69

Correlation (5Y)
Calculated over the trailing 5-year period

0.77

Correlation (10Y)
Calculated over the trailing 10-year period

0.74

Correlation (All Time)
Calculated using the full available price history since Aug 20, 2015

0.74

The correlation between CRAK and IXC shifts across timeframes, from 0.63 (1 year) to 0.77 (5 years), reflecting how their relationship changes across market environments.

CRAK vs. IXC - Sectors Allocation Comparison

Sectors
CRAK
IXC

Energy

98.9%
100.0%

Industrials

4.0%

-

Basic Materials

1.1%

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Financial Services

-

-

Healthcare

-

-

Real Estate

-

-

Technology

-

-

Utilities

-

-

Energy

CRAK
98.9%
IXC
100.0%

Industrials

CRAK
4.0%
IXC

-

Basic Materials

CRAK
1.1%
IXC

-

Communication Services

CRAK

-

IXC

-

Consumer Cyclical

CRAK

-

IXC

-

Consumer Defensive

CRAK

-

IXC

-

Financial Services

CRAK

-

IXC

-

Healthcare

CRAK

-

IXC

-

Real Estate

CRAK

-

IXC

-

Technology

CRAK

-

IXC

-

Utilities

CRAK

-

IXC

-

Compare stocks, funds, or ETFs

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VanEck Oil Refiners ETF

iShares Global Energy ETF

Often compared with CRAK:
CRAK vs. XLECRAK vs. OIHCRAK vs. VDECRAK vs. IEOCRAK vs. USAICRAK vs. AMLPCRAK vs. SCHD
Often compared with IXC:
IXC vs. XLEIXC vs. VDEIXC vs. IYEIXC vs. OIHIXC vs. IUES.LIXC vs. XDW0.DEIXC vs. DDM

Return for Risk

CRAK vs. IXC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CRAK
CRAK Risk / Return Rank: 9393
Overall Rank
CRAK Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
CRAK Sortino Ratio Rank: 9393
Sortino Ratio Rank
CRAK Omega Ratio Rank: 9191
Omega Ratio Rank
CRAK Calmar Ratio Rank: 9595
Calmar Ratio Rank
CRAK Martin Ratio Rank: 9292
Martin Ratio Rank
IXC
IXC Risk / Return Rank: 7676
Overall Rank
IXC Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
IXC Sortino Ratio Rank: 7070
Sortino Ratio Rank
IXC Omega Ratio Rank: 6868
Omega Ratio Rank
IXC Calmar Ratio Rank: 8787
Calmar Ratio Rank
IXC Martin Ratio Rank: 7777
Martin Ratio Rank
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. IXC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Oil Refiners ETF (CRAK) and iShares Global Energy ETF (IXC). 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.

CRAKIXCDifference
Sharpe ratioReturn per unit of total volatility
3.70
2.58

+1.12

Sortino ratioReturn per unit of downside risk
4.76
3.25

+1.51

Omega ratioGain probability vs. loss probability

1.62

1.42

+0.20

Calmar ratioReturn relative to maximum drawdown

7.93

5.00

+2.93

Martin ratioReturn relative to average drawdown

22.48

15.10

+7.38

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. IXC - Sharpe Ratio Comparison

The current CRAK Sharpe Ratio is 3.70, which is higher than the IXC Sharpe Ratio of 2.58. The chart below compares the historical Sharpe Ratios of CRAK and IXC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

CRAKIXCDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.70

2.58

+1.12

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.66

0.84

-0.18

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.60

0.38

+0.22

Sharpe Ratio (All Time)

Calculated using the full available price history

0.54

0.32

+0.22

Drawdowns

CRAK vs. IXC - Drawdown Comparison

The maximum CRAK drawdown since its inception was -58.80%, smaller than the maximum IXC drawdown of -67.88%. Use the drawdown chart below to compare losses from any high point for CRAK and IXC.

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Drawdown Indicators

CRAKIXCDifference

Max Drawdown

Largest peak-to-trough decline

-58.80%

-67.88%

+9.08%

Max Drawdown (1Y)

Largest decline over 1 year

-8.57%

-9.66%

+1.09%

Max Drawdown (3Y)

Largest decline over 3 years

-35.61%

-19.06%

-16.55%

Max Drawdown (5Y)

Largest decline over 5 years

-35.61%

-24.93%

-10.68%

Max Drawdown (10Y)

Largest decline over 10 years

-58.80%

-64.16%

+5.36%

Current Drawdown

Current decline from peak

-3.81%

-4.84%

+1.03%

Average Drawdown

Average peak-to-trough decline

-12.50%

-17.48%

+4.98%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.02%

3.20%

-0.18%

Volatility

CRAK vs. IXC - Volatility Comparison

The current volatility for VanEck Oil Refiners ETF (CRAK) is 6.74%, while iShares Global Energy ETF (IXC) has a volatility of 7.50%. This indicates that CRAK experiences smaller price fluctuations and is considered to be less risky than IXC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CRAKIXCDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.74%

7.50%

-0.76%

Volatility (6M)

Calculated over the trailing 6-month period

14.27%

15.42%

-1.15%

Volatility (1Y)

Calculated over the trailing 1-year period

18.35%

18.75%

-0.40%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.61%

23.50%

-2.89%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.16%

26.85%

-4.69%

CRAK vs. IXC - Expense Ratio Comparison

CRAK has a 0.62% expense ratio, which is higher than IXC's 0.46% expense ratio.

Dividends

CRAK vs. IXC - Dividend Comparison

CRAK's dividend yield for the trailing twelve months is around 1.51%, less than IXC's 2.79% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
IXC
iShares Global Energy ETF		2.79%3.68%4.56%3.45%4.76%3.98%4.86%7.00%3.51%3.05%2.86%3.77%

Frequently Asked Questions

CRAK and IXC have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IXC has higher volatility (7.50%) compared to CRAK (6.74%). In terms of maximum drawdown, CRAK dropped -58.80% vs IXC's -67.88%.

On 10-year performance, CRAK leads with 13.28% vs 10.29% for IXC. On fees, IXC is cheaper at 0.46% per year. On volatility, CRAK has been the lower-risk option at 6.74%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, CRAK has performed better with a 13.28% return vs 10.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IXC is cheaper with a 0.46% expense ratio, compared with 0.62% for CRAK.

IXC has the higher dividend yield at 2.79%, compared with 1.51% for CRAK.

CRAK tracks MVIS Global Oil Refiners Index, while IXC tracks S&P Global Energy Sector Index. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.62% for CRAK and 0.46% for IXC.

CRAK currently has the higher Sharpe Ratio (3.70 vs 2.58), 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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