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CRAK vs. SETM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CRAK vs. SETM

Last updated Jun 4, 2026

CRAK (VanEck Oil Refiners ETF) and SETM (Sprott Energy Transition Materials ETF) are both Energy Equities funds - CRAK tracks the MVIS Global Oil Refiners Index while SETM tracks the Nasdaq Sprott Energy Transition Materials Select Index - AUD - Benchmark TR Gross. Both are passively managed. Over the past 3 years, CRAK returned 22.78%/yr vs 30.90%/yr for SETM. At a 0.41 correlation, their price movements are largely independent. CRAK charges 0.62%/yr vs 0.65%/yr for SETM.

Performance

CRAK vs. SETM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Oil Refiners ETF (CRAK) and Sprott Energy Transition Materials ETF (SETM). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, CRAK achieves a 33.23% return, which is significantly higher than SETM's 27.22% 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%

SETM

1D
-4.09%
1M
2.39%
YTD
27.22%
6M
33.66%
1Y
144.21%
3Y*
30.90%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

CRAK vs. SETM - Yearly Performance Comparison

2026 (YTD)202520242023
CRAK
VanEck Oil Refiners ETF		33.23%39.11%-15.05%10.91%
SETM
Sprott Energy Transition Materials ETF		27.22%95.27%-13.24%-11.03%

Correlation

The correlation between CRAK and SETM is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.14

Correlation (3Y)
Calculated over the trailing 3-year period

0.38

Correlation (All Time)
Calculated using the full available price history since Feb 3, 2023

0.41

Over the past year, the correlation between CRAK and SETM has dropped to 0.14 - well below their long-term average of 0.41, suggesting their price drivers have been diverging.

CRAK vs. SETM - Sectors Allocation Comparison

Sectors
CRAK
SETM

Energy

98.9%
25.8%

Industrials

4.0%
0.9%

Basic Materials

1.1%
73.2%

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

0.1%

Financial Services

-

-

Healthcare

-

-

Real Estate

-

-

Technology

-

0.1%

Utilities

-

-

Energy

CRAK
98.9%
SETM
25.8%

Industrials

CRAK
4.0%
SETM
0.9%

Basic Materials

CRAK
1.1%
SETM
73.2%

Communication Services

CRAK

-

SETM

-

Consumer Cyclical

CRAK

-

SETM

-

Consumer Defensive

CRAK

-

SETM
0.1%

Financial Services

CRAK

-

SETM

-

Healthcare

CRAK

-

SETM

-

Real Estate

CRAK

-

SETM

-

Technology

CRAK

-

SETM
0.1%

Utilities

CRAK

-

SETM

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

VanEck Oil Refiners ETF

Sprott Energy Transition Materials ETF

Often compared with CRAK:
CRAK vs. XLECRAK vs. OIHCRAK vs. VDECRAK vs. IEOCRAK vs. USAICRAK vs. AMLPCRAK vs. SCHD
Often compared with SETM:
SETM vs. XMESETM vs. REMXSETM vs. METLSETM vs. BCIMSETM vs. SPYDSETM vs. XETM.TOSETM vs. SGDM

Return for Risk

CRAK vs. SETM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CRAK
CRAK Risk / Return Rank: 9393
Overall Rank
CRAK Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
CRAK Sortino Ratio Rank: 9393
Sortino Ratio Rank
CRAK Omega Ratio Rank: 9191
Omega Ratio Rank
CRAK Calmar Ratio Rank: 9595
Calmar Ratio Rank
CRAK Martin Ratio Rank: 9292
Martin Ratio Rank
SETM
SETM Risk / Return Rank: 8282
Overall Rank
SETM Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
SETM Sortino Ratio Rank: 7171
Sortino Ratio Rank
SETM Omega Ratio Rank: 7272
Omega Ratio Rank
SETM Calmar Ratio Rank: 9090
Calmar Ratio Rank
SETM Martin Ratio Rank: 8484
Martin Ratio Rank
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. SETM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Oil Refiners ETF (CRAK) and Sprott Energy Transition Materials ETF (SETM). 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.

CRAKSETMDifference
Sharpe ratioReturn per unit of total volatility
3.70
3.25

+0.46

Sortino ratioReturn per unit of downside risk
4.76
3.29

+1.47

Omega ratioGain probability vs. loss probability

1.62

1.44

+0.17

Calmar ratioReturn relative to maximum drawdown

7.93

5.61

+2.32

Martin ratioReturn relative to average drawdown

22.48

17.42

+5.06

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. SETM - Sharpe Ratio Comparison

The current CRAK Sharpe Ratio is 3.70, which is comparable to the SETM Sharpe Ratio of 3.25. The chart below compares the historical Sharpe Ratios of CRAK and SETM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

CRAKSETMDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.70

3.25

+0.46

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

0.59

-0.06

Drawdowns

CRAK vs. SETM - Drawdown Comparison

The maximum CRAK drawdown since its inception was -58.80%, which is greater than SETM's maximum drawdown of -42.81%. Use the drawdown chart below to compare losses from any high point for CRAK and SETM.

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Drawdown Indicators

CRAKSETMDifference

Max Drawdown

Largest peak-to-trough decline

-58.80%

-42.81%

-15.99%

Max Drawdown (1Y)

Largest decline over 1 year

-8.57%

-25.85%

+17.28%

Max Drawdown (3Y)

Largest decline over 3 years

-35.61%

-42.81%

+7.20%

Max Drawdown (5Y)

Largest decline over 5 years

-35.61%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-58.80%

—

—

Current Drawdown

Current decline from peak

-3.81%

-7.30%

+3.49%

Average Drawdown

Average peak-to-trough decline

-12.50%

-14.26%

+1.76%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.02%

8.31%

-5.29%

Volatility

CRAK vs. SETM - Volatility Comparison

The current volatility for VanEck Oil Refiners ETF (CRAK) is 6.74%, while Sprott Energy Transition Materials ETF (SETM) has a volatility of 13.58%. This indicates that CRAK experiences smaller price fluctuations and is considered to be less risky than SETM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CRAKSETMDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.74%

13.58%

-6.84%

Volatility (6M)

Calculated over the trailing 6-month period

14.27%

34.49%

-20.22%

Volatility (1Y)

Calculated over the trailing 1-year period

18.35%

44.71%

-26.36%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.61%

36.57%

-15.96%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.16%

36.57%

-14.41%

CRAK vs. SETM - Expense Ratio Comparison

CRAK has a 0.62% expense ratio, which is lower than SETM's 0.65% expense ratio.

Dividends

CRAK vs. SETM - Dividend Comparison

CRAK's dividend yield for the trailing twelve months is around 1.51%, more than SETM's 1.23% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
SETM
Sprott Energy Transition Materials ETF		1.23%1.56%2.07%2.47%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

CRAK and SETM have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SETM has higher volatility (13.58%) compared to CRAK (6.74%). In terms of maximum drawdown, CRAK dropped -58.80% vs SETM's -42.81%.

On 3-year performance, SETM leads with 30.90% vs 22.78% for CRAK. On fees, CRAK is cheaper at 0.62% per year. On volatility, CRAK has been the lower-risk option at 6.74%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, SETM has performed better with a 30.90% return vs 22.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

CRAK is cheaper with a 0.62% expense ratio, compared with 0.65% for SETM.

CRAK has the higher dividend yield at 1.51%, compared with 1.23% for SETM.

CRAK tracks MVIS Global Oil Refiners Index, while SETM tracks Nasdaq Sprott Energy Transition Materials Select Index - AUD - Benchmark TR Gross. They also come from different issuers: VanEck and Sprott. Their fees differ too: 0.62% for CRAK and 0.65% for SETM.

CRAK currently has the higher Sharpe Ratio (3.70 vs 3.25), 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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