CRAK vs. JPYUSD=X
CRAK (VanEck Oil Refiners ETF) is Energy Equities fund tracking the MVIS Global Oil Refiners Index, while JPYUSD=X (JPY/USD) is a currency. Over the past 10 years, CRAK returned 13.50%/yr vs -4.19%/yr for JPYUSD=X. At a correlation of -0.06, they often move in opposite directions.
Performance
CRAK vs. JPYUSD=X - Performance Comparison
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Returns By Period
In the year-to-date period, CRAK achieves a 29.26% return, which is significantly higher than JPYUSD=X's -2.12% return. Over the past 10 years, CRAK has outperformed JPYUSD=X with an annualized return of 13.50%, while JPYUSD=X has yielded a comparatively lower -4.19% annualized return.
CRAK
- 1D
- 0.01%
- 1M
- -1.07%
- YTD
- 29.26%
- 6M
- 26.17%
- 1Y
- 55.23%
- 3Y*
- 20.46%
- 5Y*
- 13.12%
- 10Y*
- 13.50%
JPYUSD=X
- 1D
- 0.10%
- 1M
- -0.82%
- YTD
- -2.12%
- 6M
- -3.07%
- 1Y
- -9.99%
- 3Y*
- -4.30%
- 5Y*
- -7.22%
- 10Y*
- -4.19%
CRAK vs. JPYUSD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CRAK VanEck Oil Refiners ETF | 29.26% | 39.11% | -15.05% | 13.73% | 19.10% | 10.90% | -11.22% | 9.15% | -10.46% | 49.86% |
JPYUSD=X JPY/USD | -2.12% | 0.33% | -10.26% | -7.04% | -12.23% | -10.24% | 5.18% | 0.86% | 2.82% | 3.91% |
Correlation
The correlation between CRAK and JPYUSD=X is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2015 | -0.06 |
The correlation between CRAK and JPYUSD=X shifts across timeframes, from -0.06 (all time) to 0.15 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CRAK vs. JPYUSD=X — Risk / Return Rank
CRAK
JPYUSD=X
CRAK vs. JPYUSD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Oil Refiners ETF (CRAK) and JPY/USD (JPYUSD=X). 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 | JPYUSD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.07 | ||
| Sortino ratioReturn per unit of downside risk | +5.50 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 0.82 | +0.68 |
| Calmar ratioReturn relative to maximum drawdown | 6.49 | -0.76 | +7.25 |
| Martin ratioReturn relative to average drawdown | 17.24 | -1.11 | +18.35 |
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Drawdowns
CRAK vs. JPYUSD=X - Drawdown Comparison
The maximum CRAK drawdown since its inception was -58.80%, which is greater than JPYUSD=X's maximum drawdown of -52.96%. Use the drawdown chart below to compare losses from any high point for CRAK and JPYUSD=X.
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Drawdown Indicators
| CRAK | JPYUSD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.80% | -52.96% | -5.84% |
Max Drawdown (1Y)Largest decline over 1 year | -8.57% | -10.68% | +2.11% |
Max Drawdown (3Y)Largest decline over 3 years | -35.61% | -14.63% | -20.98% |
Max Drawdown (5Y)Largest decline over 5 years | -35.61% | -32.59% | -3.02% |
Max Drawdown (10Y)Largest decline over 10 years | -58.80% | -38.21% | -20.59% |
Current DrawdownCurrent decline from peak | -6.68% | -52.47% | +45.79% |
Average DrawdownAverage peak-to-trough decline | -12.48% | -26.92% | +14.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.22% | 6.18% | -2.96% |
Volatility
CRAK vs. JPYUSD=X - Volatility Comparison
VanEck Oil Refiners ETF (CRAK) has a higher volatility of 5.81% compared to JPY/USD (JPYUSD=X) at 0.69%. This indicates that CRAK's price experiences larger fluctuations and is considered to be riskier than JPYUSD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CRAK | JPYUSD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.81% | 0.69% | +5.12% |
Volatility (6M)Calculated over the trailing 6-month period | 14.72% | 5.48% | +9.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.66% | 7.50% | +11.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.67% | 9.56% | +11.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.17% | 8.90% | +13.27% |
Frequently Asked Questions
CRAK and JPYUSD=X 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.
CRAK has higher volatility (5.81%) compared to JPYUSD=X (0.69%). In terms of maximum drawdown, CRAK dropped -58.80% vs JPYUSD=X's -52.96%.
CRAK currently has the higher Sharpe Ratio (2.98 vs -1.09), 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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