CRAK vs. MLPI
CRAK (VanEck Oil Refiners ETF) and MLPI (NEOS MLP & Energy Infrastructure High Income ETF) are both exchange-traded funds - CRAK is a Energy Equities fund tracking the MVIS Global Oil Refiners Index, while MLPI is a MLPs fund actively managed by NEOS. CRAK is passively managed, while MLPI is actively managed. At a 0.39 correlation, their price movements are largely independent. CRAK charges 0.62%/yr vs 0.68%/yr for MLPI.
Performance
CRAK vs. MLPI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CRAK achieves a 20.86% return, which is significantly higher than MLPI's 19.61% 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%
MLPI
- 1D
- 1.09%
- 1M
- -2.18%
- YTD
- 19.61%
- 6M
- 18.17%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CRAK vs. MLPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CRAK VanEck Oil Refiners ETF | 20.86% | 0.17% |
MLPI NEOS MLP & Energy Infrastructure High Income ETF | 19.61% | 0.36% |
Correlation
The correlation between CRAK and MLPI is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 18, 2025 | 0.39 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CRAK vs. MLPI — Risk / Return Rank
CRAK
MLPI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CRAK vs. MLPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Oil Refiners ETF (CRAK) and NEOS MLP & Energy Infrastructure High Income ETF (MLPI). 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 | MLPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.37 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.29 | — | — |
| Martin ratioReturn relative to average drawdown | 11.53 | — | — |
Loading charts...
Drawdowns
CRAK vs. MLPI - Drawdown Comparison
The maximum CRAK drawdown since its inception was -58.80%, which is greater than MLPI's maximum drawdown of -5.38%. Use the drawdown chart below to compare losses from any high point for CRAK and MLPI.
Loading charts...
Drawdown Indicators
| CRAK | MLPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.80% | -5.38% | -53.42% |
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 DrawdownCurrent decline from peak | -12.74% | -2.18% | -10.56% |
Average DrawdownAverage peak-to-trough decline | -12.47% | -1.49% | -10.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.66% | — | — |
Volatility
CRAK vs. MLPI - Volatility Comparison
Loading charts...
Volatility by Period
| CRAK | MLPI | 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% | 13.05% | +6.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.67% | 13.05% | +7.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.17% | 13.05% | +9.12% |
CRAK vs. MLPI - Expense Ratio Comparison
CRAK has a 0.62% expense ratio, which is lower than MLPI's 0.68% expense ratio.
Dividends
CRAK vs. MLPI - Dividend Comparison
CRAK's dividend yield for the trailing twelve months is around 1.67%, less than MLPI's 7.19% 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% |
MLPI NEOS MLP & Energy Infrastructure High Income ETF | 7.19% | 0.00% | 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 MLPI have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CRAK is cheaper at 0.62% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CRAK is cheaper with a 0.62% expense ratio, compared with 0.68% for MLPI.
MLPI has the higher dividend yield at 7.19%, compared with 1.67% for CRAK.
CRAK is categorized as Energy Equities, while MLPI is MLPs. They also come from different issuers: VanEck and NEOS. Their fees differ too: 0.62% for CRAK and 0.68% for MLPI.
Find the right allocation for CRAK and MLPI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer