CRAK vs. MLPI
CRAK (VanEck Oil Refiners ETF) and MLPI (Neos MLP & Energy Infrastructure High Income ETF) are both Energy Equities funds. CRAK is passively managed, while MLPI is actively managed. At a 0.40 correlation, their price movements are largely independent. CRAK charges 0.62%/yr vs 0.68%/yr for MLPI.
Performance
CRAK vs. MLPI - Performance Comparison
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Returns By Period
In the year-to-date period, CRAK achieves a 33.23% return, which is significantly higher than MLPI's 17.58% 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%
MLPI
- 1D
- 0.04%
- 1M
- -3.13%
- YTD
- 17.58%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CRAK vs. MLPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CRAK VanEck Oil Refiners ETF | 33.23% | 0.97% |
MLPI Neos MLP & Energy Infrastructure High Income ETF | 17.58% | 0.56% |
Correlation
The correlation between CRAK and MLPI is 0.40, 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 19, 2025 | 0.40 |
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Return for Risk
CRAK vs. MLPI — Risk / Return Rank
CRAK
MLPI
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 ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.62 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 7.93 | — | — |
| Martin ratioReturn relative to average drawdown | 22.48 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CRAK | MLPI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.70 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 3.49 | -2.95 |
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.
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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 | -8.57% | — | — |
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 | -3.81% | -3.84% | +0.03% |
Average DrawdownAverage peak-to-trough decline | -12.50% | -1.27% | -11.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | — | — |
Volatility
CRAK vs. MLPI - Volatility Comparison
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Volatility by Period
| CRAK | MLPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.74% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 14.27% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 18.35% | 13.05% | +5.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.61% | 13.05% | +7.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.16% | 13.05% | +9.11% |
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 1.51%, less than MLPI's 6.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
MLPI Neos MLP & Energy Infrastructure High Income ETF | 6.04% | 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 0.40, 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 6.04%, compared with 1.51% for CRAK.
They also come from different issuers: VanEck and Neos. Their fees differ too: 0.62% for CRAK and 0.68% for MLPI.
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