CRAK vs. MLPI

Last updated Apr 1, 2026

Compare and contrast key facts about VanEck Oil Refiners ETF (CRAK) and Neos MLP & Energy Infrastructure High Income ETF (MLPI).

CRAK and MLPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CRAK is a passively managed fund by VanEck that tracks the performance of the MVIS Global Oil Refiners. It was launched on Aug 18, 2015. MLPI is an actively managed fund by Neos. It was launched on Dec 17, 2025.

Performance

CRAK vs. MLPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Oil Refiners ETF (CRAK) and Neos MLP & Energy Infrastructure High Income ETF (MLPI). The values are adjusted to include any dividend payments, if applicable.

CRAK vs. MLPI - Yearly Performance Comparison

	2026 (YTD)	2025
CRAK VanEck Oil Refiners ETF	31.71%	0.97%
MLPI Neos MLP & Energy Infrastructure High Income ETF	17.27%	0.56%

Returns By Period

In the year-to-date period, CRAK achieves a 31.71% return, which is significantly higher than MLPI's 17.27% return.

CRAK

• 1D: 0.80%
• 1M: 10.12%
• YTD: 31.71%
• 6M: 37.36%
• 1Y: 75.35%
• 3Y*: 20.21%
• 5Y*: 16.07%
• 10Y*: 12.53%

MLPI

• 1D: -0.40%
• 1M: 3.16%
• YTD: 17.27%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CRAK vs. MLPI - Expense Ratio Comparison

CRAK has a 0.60% expense ratio, which is lower than MLPI's 0.68% expense ratio.

MLPI

Neos MLP & Energy Infrastructure High Income ETF

CRAK

VanEck Oil Refiners ETF

Return for Risk

CRAK vs. MLPI — Risk / Return Rank

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

CRAK

CRAK Risk / Return Rank: 98
CRAK Sharpe Ratio Rank: 98
CRAK Sortino Ratio Rank: 98
CRAK Omega Ratio Rank: 98
CRAK Calmar Ratio Rank: 97
CRAK Martin Ratio Rank: 97

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. 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.

	CRAK	MLPI	Difference
Sharpe ratio Return per unit of total volatility	3.63	—	—
Sortino ratio Return per unit of downside risk	4.38	—	—
Omega ratio Gain probability vs. loss probability	1.66	—	—
Calmar ratio Return relative to maximum drawdown	4.91	—	—
Martin ratio Return relative to average drawdown	21.23	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	CRAK	MLPI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.63	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.79	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	7.48	-6.94

Correlation

The correlation between CRAK and MLPI is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

CRAK vs. MLPI - Dividend Comparison

CRAK's dividend yield for the trailing twelve months is around 1.53%, less than MLPI's 3.49% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CRAK VanEck Oil Refiners ETF	1.53%	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	3.49%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

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 -2.78%. Use the drawdown chart below to compare losses from any high point for CRAK and MLPI.

Drawdown Indicators

	CRAK	MLPI	Difference
Max Drawdown Largest peak-to-trough decline	-58.80%	-2.78%	-56.02%
Max Drawdown (1Y) Largest decline over 1 year	-15.07%	—	—
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	0.00%	-1.19%	+1.19%
Average Drawdown Average peak-to-trough decline	-12.64%	-0.60%	-12.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.49%	—	—

Volatility

Volatility by Period

	CRAK	MLPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.52%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.47%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.89%	11.12%	+9.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.44%	11.12%	+9.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.10%	11.12%	+10.98%