CRAK vs. PPT
CRAK (VanEck Oil Refiners ETF) and PPT (Putnam Premier Income Trust) are both funds - CRAK is a Energy Equities fund tracking the MVIS Global Oil Refiners Index, while PPT is a Multisector Bonds fund actively managed by Putnam Investments. CRAK is passively managed, while PPT is actively managed. Over the past 10 years, CRAK returned 13.50%/yr vs 4.57%/yr for PPT. At a 0.19 correlation, their price movements are largely independent.
Performance
CRAK vs. PPT - Performance Comparison
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Returns By Period
In the year-to-date period, CRAK achieves a 29.26% return, which is significantly higher than PPT's 0.81% return. Over the past 10 years, CRAK has outperformed PPT with an annualized return of 13.50%, while PPT has yielded a comparatively lower 4.57% 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%
PPT
- 1D
- 0.29%
- 1M
- 0.47%
- YTD
- 0.81%
- 6M
- 1.85%
- 1Y
- 2.23%
- 3Y*
- 7.60%
- 5Y*
- 2.15%
- 10Y*
- 4.57%
CRAK vs. PPT - 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% |
PPT Putnam Premier Income Trust | 0.81% | 8.39% | 8.80% | 7.43% | -7.75% | -1.72% | -6.54% | 25.53% | -6.36% | 13.78% |
Correlation
The correlation between CRAK and PPT is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2015 | 0.19 |
The correlation between CRAK and PPT shifts across timeframes, from -0.04 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CRAK vs. PPT — Risk / Return Rank
CRAK
PPT
CRAK vs. PPT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Oil Refiners ETF (CRAK) and Putnam Premier Income Trust (PPT). 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 | PPT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.80 | ||
| Sortino ratioReturn per unit of downside risk | +3.58 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.04 | +0.46 |
| Calmar ratioReturn relative to maximum drawdown | 6.49 | 0.33 | +6.16 |
| Martin ratioReturn relative to average drawdown | 17.24 | 0.77 | +16.47 |
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Drawdowns
CRAK vs. PPT - Drawdown Comparison
The maximum CRAK drawdown since its inception was -58.80%, which is greater than PPT's maximum drawdown of -49.76%. Use the drawdown chart below to compare losses from any high point for CRAK and PPT.
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Drawdown Indicators
| CRAK | PPT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.80% | -49.76% | -9.04% |
Max Drawdown (1Y)Largest decline over 1 year | -8.57% | -5.05% | -3.52% |
Max Drawdown (3Y)Largest decline over 3 years | -35.61% | -9.10% | -26.51% |
Max Drawdown (5Y)Largest decline over 5 years | -35.61% | -18.92% | -16.69% |
Max Drawdown (10Y)Largest decline over 10 years | -58.80% | -31.79% | -27.01% |
Current DrawdownCurrent decline from peak | -6.68% | -3.62% | -3.06% |
Average DrawdownAverage peak-to-trough decline | -12.48% | -11.23% | -1.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.22% | 2.18% | +1.04% |
Volatility
CRAK vs. PPT - Volatility Comparison
VanEck Oil Refiners ETF (CRAK) has a higher volatility of 5.81% compared to Putnam Premier Income Trust (PPT) at 2.25%. This indicates that CRAK's price experiences larger fluctuations and is considered to be riskier than PPT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CRAK | PPT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.81% | 2.25% | +3.56% |
Volatility (6M)Calculated over the trailing 6-month period | 14.72% | 6.99% | +7.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.66% | 9.36% | +9.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.67% | 11.96% | +8.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.17% | 14.45% | +7.72% |
Dividends
CRAK vs. PPT - Dividend Comparison
CRAK's dividend yield for the trailing twelve months is around 1.56%, less than PPT's 9.07% 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% |
PPT Putnam Premier Income Trust | 9.07% | 8.81% | 8.76% | 8.74% | 8.60% | 7.31% | 8.84% | 7.73% | 6.84% | 5.85% | 6.28% | 6.30% |
Frequently Asked Questions
CRAK and PPT have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CRAK has higher volatility (5.81%) compared to PPT (2.25%). In terms of maximum drawdown, CRAK dropped -58.80% vs PPT's -49.76%.
CRAK currently has the higher Sharpe Ratio (2.98 vs 0.18), 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.
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