CRAK vs. MGNR

Last updated Jun 26, 2026

CRAK (VanEck Oil Refiners ETF) and MGNR (American Beacon GLG Natural Resources ETF) are both Energy Equities funds. CRAK is passively managed, while MGNR is actively managed. Over the past year, CRAK returned 44.83% vs 52.10% for MGNR. At a 0.48 correlation, their price movements are largely independent. CRAK charges 0.62%/yr vs 0.75%/yr for MGNR.

Performance

CRAK vs. MGNR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Oil Refiners ETF (CRAK) and American Beacon GLG Natural Resources ETF (MGNR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CRAK achieves a 21.55% return, which is significantly higher than MGNR's 11.05% return.

CRAK

• 1D: 1.56%
• 1M: -4.80%
• YTD: 21.55%
• 6M: 21.10%
• 1Y: 44.83%
• 3Y*: 19.33%
• 5Y*: 12.16%
• 10Y*: 13.00%

MGNR

• 1D: 0.64%
• 1M: -9.79%
• YTD: 11.05%
• 6M: 9.85%
• 1Y: 52.10%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CRAK vs. MGNR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CRAK VanEck Oil Refiners ETF	21.55%	39.11%	-17.84%
MGNR American Beacon GLG Natural Resources ETF	11.05%	50.57%	22.90%

Correlation

The correlation between CRAK and MGNR is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (All Time) Calculated using the full available price history since Feb 6, 2024	0.48

The correlation between CRAK and MGNR shifts across timeframes, from 0.35 (1 year) to 0.48 (all time), reflecting how their relationship changes across market environments.

Return for Risk

CRAK vs. MGNR — Risk / Return Rank

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

CRAK

CRAK Risk / Return Rank: 78
CRAK Sharpe Ratio Rank: 84
CRAK Sortino Ratio Rank: 82
CRAK Omega Ratio Rank: 78
CRAK Calmar Ratio Rank: 75
CRAK Martin Ratio Rank: 72

MGNR

MGNR Risk / Return Rank: 74
MGNR Sharpe Ratio Rank: 76
MGNR Sortino Ratio Rank: 65
MGNR Omega Ratio Rank: 69
MGNR Calmar Ratio Rank: 81
MGNR Martin Ratio Rank: 80

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. MGNR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Oil Refiners ETF (CRAK) and American Beacon GLG Natural Resources ETF (MGNR). 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	MGNR	Difference
Sharpe ratio: Return per unit of total volatility	2.36	2.13	+0.23
Sortino ratio: Return per unit of downside risk	3.16	2.61	+0.54
Omega ratio: Gain probability vs. loss probability	1.40	1.36	+0.04
Calmar ratio: Return relative to maximum drawdown	3.31	3.77	-0.45
Martin ratio: Return relative to average drawdown	11.71	13.79	-2.08

CRAK vs. MGNR - Sharpe Ratio Comparison

The current CRAK Sharpe Ratio is 2.36, which is comparable to the MGNR Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of CRAK and MGNR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CRAK vs. MGNR - Drawdown Comparison

The maximum CRAK drawdown since its inception was -58.80%, which is greater than MGNR's maximum drawdown of -22.06%. Use the drawdown chart below to compare losses from any high point for CRAK and MGNR.

Drawdown Indicators

	CRAK	MGNR	Difference
Max Drawdown Largest peak-to-trough decline	-58.80%	-22.06%	-36.74%
Max Drawdown (1Y) Largest decline over 1 year	-13.59%	-13.90%	+0.31%
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	-12.24%	-13.35%	+1.11%
Average Drawdown Average peak-to-trough decline	-12.47%	-3.98%	-8.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.84%	3.79%	+0.05%

Volatility

CRAK vs. MGNR - Volatility Comparison

The current volatility for VanEck Oil Refiners ETF (CRAK) is 6.58%, while American Beacon GLG Natural Resources ETF (MGNR) has a volatility of 9.32%. This indicates that CRAK experiences smaller price fluctuations and is considered to be less risky than MGNR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CRAK	MGNR	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.58%	9.32%	-2.74%
Volatility (6M) Calculated over the trailing 6-month period	15.09%	19.36%	-4.27%
Volatility (1Y) Calculated over the trailing 1-year period	19.10%	24.60%	-5.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.69%	25.34%	-4.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.17%	25.34%	-3.17%

CRAK vs. MGNR - Expense Ratio Comparison

CRAK has a 0.62% expense ratio, which is lower than MGNR's 0.75% expense ratio.

Dividends

CRAK vs. MGNR - Dividend Comparison

CRAK's dividend yield for the trailing twelve months is around 1.66%, more than MGNR's 1.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CRAK VanEck Oil Refiners ETF	1.66%	2.02%	5.60%	3.65%	3.08%	2.40%	2.64%	1.49%	2.42%	1.66%	3.42%	0.47%
MGNR American Beacon GLG Natural Resources ETF	1.21%	1.17%	0.79%	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 MGNR in my portfolio?

CRAK and MGNR have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CRAK or MGNR?

MGNR has higher volatility (9.32%) compared to CRAK (6.58%). In terms of maximum drawdown, CRAK dropped -58.80% vs MGNR's -22.06%.

Which ETF is better, CRAK or MGNR?

On 1-year performance, MGNR leads with 52.10% vs 44.83% for CRAK. On fees, CRAK is cheaper at 0.62% per year. On volatility, CRAK has been the lower-risk option at 6.58%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CRAK or MGNR?

Over the 1-year period, MGNR has performed better with a 52.10% return vs 44.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CRAK or MGNR?

CRAK is cheaper with a 0.62% expense ratio, compared with 0.75% for MGNR.

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

CRAK has the higher dividend yield at 1.66%, compared with 1.21% for MGNR.

What is the main difference between CRAK and MGNR?

They also come from different issuers: VanEck and American Beacon. Their fees differ too: 0.62% for CRAK and 0.75% for MGNR.

Which has better risk-adjusted returns?

CRAK currently has the higher Sharpe Ratio (2.36 vs 2.13), 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.