CRAK vs. PPL.TO
CRAK (VanEck Oil Refiners ETF) is Energy Equities fund tracking the MVIS Global Oil Refiners Index, while PPL.TO (Pembina Pipeline Corporation) is a stock. Over the past 10 years, CRAK returned 13.50%/yr vs 10.60%/yr for PPL.TO. At a 0.45 correlation, their price movements are largely independent.
Performance
CRAK vs. PPL.TO - Performance Comparison
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Different Trading Currencies
CRAK is traded in USD, while PPL.TO is traded in CAD. To make them comparable, the PPL.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with CRAK having a 29.26% return and PPL.TO slightly lower at 28.18%. Over the past 10 years, CRAK has outperformed PPL.TO with an annualized return of 13.50%, while PPL.TO has yielded a comparatively lower 10.60% annualized return.
CRAK
- 1D
- 0.01%
- 1M
- -1.07%
- YTD
- 29.26%
- 6M
- 26.17%
- 1Y
- 55.23%
- 3Y*
- 20.46%
- 5Y*
- 13.12%
- 10Y*
- 13.50%
PPL.TO
- 1D
- -0.64%
- 1M
- -1.43%
- YTD
- 28.18%
- 6M
- 26.37%
- 1Y
- 32.53%
- 3Y*
- 22.00%
- 5Y*
- 13.84%
- 10Y*
- 10.60%
CRAK vs. PPL.TO - 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% |
PPL.TO Pembina Pipeline Corporation | 28.18% | 8.72% | 13.13% | 8.13% | 19.09% | 36.19% | -30.75% | 30.11% | -13.55% | 22.01% |
Correlation
The correlation between CRAK and PPL.TO is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2015 | 0.45 |
Over the past year, the correlation between CRAK and PPL.TO has dropped to 0.19 - well below their long-term average of 0.45, suggesting their price drivers have been diverging.
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Return for Risk
CRAK vs. PPL.TO — Risk / Return Rank
CRAK
PPL.TO
CRAK vs. PPL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Oil Refiners ETF (CRAK) and Pembina Pipeline Corporation (PPL.TO). 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 | PPL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.21 | ||
| Sortino ratioReturn per unit of downside risk | +1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.31 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 6.49 | 2.80 | +3.70 |
| Martin ratioReturn relative to average drawdown | 17.24 | 6.47 | +10.77 |
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Drawdowns
CRAK vs. PPL.TO - Drawdown Comparison
The maximum CRAK drawdown since its inception was -58.80%, smaller than the maximum PPL.TO drawdown of -71.00%. Use the drawdown chart below to compare losses from any high point for CRAK and PPL.TO.
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Drawdown Indicators
| CRAK | PPL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.80% | -71.00% | +12.20% |
Max Drawdown (1Y)Largest decline over 1 year | -8.57% | -12.40% | +3.83% |
Max Drawdown (3Y)Largest decline over 3 years | -35.61% | -19.03% | -16.58% |
Max Drawdown (5Y)Largest decline over 5 years | -35.61% | -26.90% | -8.71% |
Max Drawdown (10Y)Largest decline over 10 years | -58.80% | -71.00% | +12.20% |
Current DrawdownCurrent decline from peak | -6.68% | -2.65% | -4.03% |
Average DrawdownAverage peak-to-trough decline | -12.48% | -14.11% | +1.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.22% | 5.35% | -2.13% |
Volatility
CRAK vs. PPL.TO - Volatility Comparison
The current volatility for VanEck Oil Refiners ETF (CRAK) is 5.81%, while Pembina Pipeline Corporation (PPL.TO) has a volatility of 6.14%. This indicates that CRAK experiences smaller price fluctuations and is considered to be less risky than PPL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CRAK | PPL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.81% | 6.14% | -0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 14.72% | 13.80% | +0.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.66% | 19.58% | -0.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.67% | 19.85% | +0.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.17% | 31.56% | -9.39% |
Dividends
CRAK vs. PPL.TO - Dividend Comparison
CRAK's dividend yield for the trailing twelve months is around 1.56%, less than PPL.TO's 4.20% 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% |
PPL.TO Pembina Pipeline Corporation | 4.20% | 5.39% | 5.15% | 5.82% | 5.55% | 6.57% | 8.37% | 4.90% | 5.53% | 4.48% | 4.52% | 5.97% |
Frequently Asked Questions
CRAK and PPL.TO have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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