CRAK vs. MOAT

Last updated Jun 4, 2026

CRAK (VanEck Oil Refiners ETF) and MOAT (VanEck Vectors Morningstar Wide Moat ETF) are both exchange-traded funds - CRAK is a Energy Equities fund tracking the MVIS Global Oil Refiners Index, while MOAT is a Large Cap Blend Equities fund tracking the Morningstar Wide Moat Focus Index. Both are passively managed. Over the past 10 years, CRAK returned 13.28%/yr vs 13.37%/yr for MOAT. A 0.53 correlation means they provide meaningful diversification when combined. CRAK charges 0.62%/yr vs 0.48%/yr for MOAT.

Performance

CRAK vs. MOAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Oil Refiners ETF (CRAK) and VanEck Vectors Morningstar Wide Moat ETF (MOAT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CRAK achieves a 33.23% return, which is significantly higher than MOAT's -0.94% return. Both investments have delivered pretty close results over the past 10 years, with CRAK having a 13.28% annualized return and MOAT not far ahead at 13.37%.

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%

MOAT

• 1D: -1.37%
• 1M: 3.30%
• YTD: -0.94%
• 6M: -0.69%
• 1Y: 14.97%
• 3Y*: 11.34%
• 5Y*: 8.01%
• 10Y*: 13.37%

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

CRAK vs. MOAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CRAK VanEck Oil Refiners ETF	33.23%	39.11%	-15.05%	13.73%	19.10%	10.90%	-11.22%	9.15%	-10.46%	49.86%
MOAT VanEck Vectors Morningstar Wide Moat ETF	-0.94%	13.20%	10.73%	31.89%	-13.66%	24.12%	14.84%	34.79%	-1.28%	23.18%

Correlation

The correlation between CRAK and MOAT is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.40
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (10Y) Calculated over the trailing 10-year period	0.51
Correlation (All Time) Calculated using the full available price history since Aug 20, 2015	0.53

Over the past year, the correlation between CRAK and MOAT has dropped to 0.23 - well below their long-term average of 0.53, suggesting their price drivers have been diverging.

CRAK vs. MOAT - Sectors Allocation Comparison

Sectors	CRAK	MOAT
Energy	98.9%	-
Industrials	4.0%	13.5%
Basic Materials	1.1%	-
Communication Services	-	2.4%
Consumer Cyclical	-	10.3%
Consumer Defensive	-	17.5%
Financial Services	-	6.7%
Healthcare	-	16.0%
Real Estate	-	0.8%
Technology	-	32.8%
Utilities	-	-

Return for Risk

CRAK vs. MOAT — Risk / Return Rank

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

CRAK

CRAK Risk / Return Rank: 93
CRAK Sharpe Ratio Rank: 94
CRAK Sortino Ratio Rank: 93
CRAK Omega Ratio Rank: 91
CRAK Calmar Ratio Rank: 95
CRAK Martin Ratio Rank: 92

MOAT

MOAT Risk / Return Rank: 27
MOAT Sharpe Ratio Rank: 29
MOAT Sortino Ratio Rank: 29
MOAT Omega Ratio Rank: 27
MOAT Calmar Ratio Rank: 25
MOAT Martin Ratio Rank: 27

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. MOAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Oil Refiners ETF (CRAK) and VanEck Vectors Morningstar Wide Moat ETF (MOAT). 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	MOAT	Difference
Sharpe ratio: Return per unit of total volatility	3.70	1.09	+2.62
Sortino ratio: Return per unit of downside risk	4.76	1.64	+3.12
Omega ratio: Gain probability vs. loss probability	1.62	1.19	+0.43
Calmar ratio: Return relative to maximum drawdown	7.93	1.21	+6.72
Martin ratio: Return relative to average drawdown	22.48	3.77	+18.70
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CRAK vs. MOAT - Sharpe Ratio Comparison

The current CRAK Sharpe Ratio is 3.70, which is higher than the MOAT Sharpe Ratio of 1.09. The chart below compares the historical Sharpe Ratios of CRAK and MOAT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CRAK	MOAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.70	1.09	+2.62
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.44	+0.22
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	0.72	-0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.77	-0.23

Drawdowns

CRAK vs. MOAT - Drawdown Comparison

The maximum CRAK drawdown since its inception was -58.80%, which is greater than MOAT's maximum drawdown of -33.31%. Use the drawdown chart below to compare losses from any high point for CRAK and MOAT.

Drawdown Indicators

	CRAK	MOAT	Difference
Max Drawdown Largest peak-to-trough decline	-58.80%	-33.31%	-25.49%
Max Drawdown (1Y) Largest decline over 1 year	-8.57%	-12.43%	+3.86%
Max Drawdown (3Y) Largest decline over 3 years	-35.61%	-21.44%	-14.17%
Max Drawdown (5Y) Largest decline over 5 years	-35.61%	-23.96%	-11.65%
Max Drawdown (10Y) Largest decline over 10 years	-58.80%	-33.31%	-25.49%
Current Drawdown Current decline from peak	-3.81%	-4.72%	+0.91%
Average Drawdown Average peak-to-trough decline	-12.50%	-3.83%	-8.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.02%	3.98%	-0.96%

Volatility

CRAK vs. MOAT - Volatility Comparison

VanEck Oil Refiners ETF (CRAK) has a higher volatility of 6.74% compared to VanEck Vectors Morningstar Wide Moat ETF (MOAT) at 3.82%. This indicates that CRAK's price experiences larger fluctuations and is considered to be riskier than MOAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CRAK	MOAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.74%	3.82%	+2.92%
Volatility (6M) Calculated over the trailing 6-month period	14.27%	9.87%	+4.40%
Volatility (1Y) Calculated over the trailing 1-year period	18.35%	13.86%	+4.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.61%	18.18%	+2.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.16%	18.68%	+3.48%

CRAK vs. MOAT - Expense Ratio Comparison

CRAK has a 0.62% expense ratio, which is higher than MOAT's 0.48% expense ratio.

Dividends

CRAK vs. MOAT - Dividend Comparison

CRAK's dividend yield for the trailing twelve months is around 1.51%, more than MOAT's 1.37% 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%
MOAT VanEck Vectors Morningstar Wide Moat ETF	1.37%	1.36%	1.37%	0.86%	1.25%	1.08%	1.46%	1.31%	1.79%	1.07%	1.17%	2.13%

Frequently Asked Questions

Can I hold both CRAK and MOAT in my portfolio?

CRAK and MOAT have a correlation of 0.23, 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 MOAT?

CRAK has higher volatility (6.74%) compared to MOAT (3.82%). In terms of maximum drawdown, CRAK dropped -58.80% vs MOAT's -33.31%.

Which ETF is better, CRAK or MOAT?

On 10-year performance, MOAT leads with 13.37% vs 13.28% for CRAK. On fees, MOAT is cheaper at 0.48% per year. On volatility, MOAT has been the lower-risk option at 3.82%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CRAK or MOAT?

Over the 10-year period, MOAT has performed better with a 13.37% return vs 13.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CRAK or MOAT?

MOAT is cheaper with a 0.48% expense ratio, compared with 0.62% for CRAK.

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

CRAK has the higher dividend yield at 1.51%, compared with 1.37% for MOAT.

What is the main difference between CRAK and MOAT?

CRAK is categorized as Energy Equities, while MOAT is Large Cap Blend Equities. CRAK tracks MVIS Global Oil Refiners Index, while MOAT tracks Morningstar Wide Moat Focus Index. Their fees differ too: 0.62% for CRAK and 0.48% for MOAT.

Which has better risk-adjusted returns?

CRAK currently has the higher Sharpe Ratio (3.70 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.