CRAK vs. MU

Last updated Jun 14, 2026

CRAK (VanEck Oil Refiners ETF) is Energy Equities fund tracking the MVIS Global Oil Refiners Index, while MU (Micron Technology, Inc.) is a stock. Over the past 10 years, CRAK returned 13.50%/yr vs 55.83%/yr for MU. At a 0.38 correlation, their price movements are largely independent.

Performance

CRAK vs. MU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Oil Refiners ETF (CRAK) and Micron Technology, Inc. (MU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CRAK achieves a 29.26% return, which is significantly lower than MU's 244.07% return. Over the past 10 years, CRAK has underperformed MU with an annualized return of 13.50%, while MU has yielded a comparatively higher 55.83% annualized return.

CRAK

• 1D: 0.01%
• 1M: -1.57%
• YTD: 29.26%
• 6M: 26.17%
• 1Y: 55.23%
• 3Y*: 20.46%
• 5Y*: 13.12%
• 10Y*: 13.50%

MU

• 1D: -1.43%
• 1M: 35.46%
• YTD: 244.07%
• 6M: 307.41%
• 1Y: 751.18%
• 3Y*: 144.69%
• 5Y*: 66.21%
• 10Y*: 55.83%

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

CRAK vs. MU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CRAK VanEck Oil Refiners ETF	29.26%	39.11%	-15.05%	13.73%	19.10%	10.90%	-11.22%	9.15%	-10.46%	49.86%
MU Micron Technology, Inc.	244.07%	240.24%	-0.96%	71.93%	-45.93%	24.21%	39.79%	69.49%	-22.84%	87.59%

Correlation

The correlation between CRAK and MU is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.32
Correlation (10Y) Calculated over the trailing 10-year period	0.36
Correlation (All Time) Calculated using the full available price history since Aug 19, 2015	0.38

Over the past year, the correlation between CRAK and MU has dropped to 0.15 - well below their long-term average of 0.38, suggesting their price drivers have been diverging.

Return for Risk

CRAK vs. MU — Risk / Return Rank

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

CRAK

CRAK Risk / Return Rank: 92
CRAK Sharpe Ratio Rank: 93
CRAK Sortino Ratio Rank: 92
CRAK Omega Ratio Rank: 90
CRAK Calmar Ratio Rank: 94
CRAK Martin Ratio Rank: 89

MU

MU Risk / Return Rank: 99
MU Sharpe Ratio Rank: 100
MU Sortino Ratio Rank: 99
MU Omega Ratio Rank: 98
MU Calmar Ratio Rank: 100
MU Martin Ratio Rank: 100

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. MU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Oil Refiners ETF (CRAK) and Micron Technology, Inc. (MU). 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	MU	Difference
Sharpe ratio: Return per unit of total volatility	2.98	10.83	-7.84
Sortino ratio: Return per unit of downside risk	3.91	6.14	-2.24
Omega ratio: Gain probability vs. loss probability	1.50	1.78	-0.28
Calmar ratio: Return relative to maximum drawdown	6.49	24.91	-18.42
Martin ratio: Return relative to average drawdown	17.24	94.64	-77.40

CRAK vs. MU - Sharpe Ratio Comparison

The current CRAK Sharpe Ratio is 2.98, which is lower than the MU Sharpe Ratio of 10.83. The chart below compares the historical Sharpe Ratios of CRAK and MU, 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. MU - Drawdown Comparison

The maximum CRAK drawdown since its inception was -58.80%, smaller than the maximum MU drawdown of -98.25%. Use the drawdown chart below to compare losses from any high point for CRAK and MU.

Drawdown Indicators

	CRAK	MU	Difference
Max Drawdown Largest peak-to-trough decline	-58.80%	-98.25%	+39.45%
Max Drawdown (1Y) Largest decline over 1 year	-8.57%	-30.28%	+21.71%
Max Drawdown (3Y) Largest decline over 3 years	-35.61%	-57.63%	+22.02%
Max Drawdown (5Y) Largest decline over 5 years	-35.61%	-57.63%	+22.02%
Max Drawdown (10Y) Largest decline over 10 years	-58.80%	-57.63%	-1.17%
Current Drawdown Current decline from peak	-6.68%	-9.07%	+2.39%
Average Drawdown Average peak-to-trough decline	-12.48%	-58.16%	+45.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.22%	7.95%	-4.73%

Volatility

CRAK vs. MU - Volatility Comparison

The current volatility for VanEck Oil Refiners ETF (CRAK) is 5.81%, while Micron Technology, Inc. (MU) has a volatility of 32.86%. This indicates that CRAK experiences smaller price fluctuations and is considered to be less risky than MU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CRAK	MU	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.81%	32.86%	-27.05%
Volatility (6M) Calculated over the trailing 6-month period	14.72%	57.74%	-43.02%
Volatility (1Y) Calculated over the trailing 1-year period	18.66%	69.66%	-51.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.67%	53.18%	-32.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.17%	50.12%	-27.95%

Dividends

CRAK vs. MU - Dividend Comparison

CRAK's dividend yield for the trailing twelve months is around 1.56%, more than MU's 0.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CRAK VanEck Oil Refiners ETF	1.56%	2.02%	5.60%	3.65%	3.08%	2.40%	2.64%	1.49%	2.42%	1.66%	3.42%	0.47%
MU Micron Technology, Inc.	0.05%	0.16%	0.55%	0.54%	0.89%	0.21%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CRAK and MU in my portfolio?

CRAK and MU have a correlation of 0.15, 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 MU?

MU has higher volatility (32.86%) compared to CRAK (5.81%). In terms of maximum drawdown, CRAK dropped -58.80% vs MU's -98.25%.

Which has better risk-adjusted returns?

MU currently has the higher Sharpe Ratio (10.83 vs 2.98), 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.