CRAK vs. SMHX
Compare and contrast key facts about VanEck Oil Refiners ETF (CRAK) and VanEck Fabless Semiconductor ETF (SMHX).
CRAK and SMHX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CRAK is a passively managed fund by VanEck that tracks the performance of the MVIS Global Oil Refiners. It was launched on Aug 18, 2015. SMHX is a passively managed fund by VanEck that tracks the performance of the MarketVector™ US Listed Fabless Semiconductor Index. It was launched on Aug 27, 2024. Both CRAK and SMHX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
CRAK vs. SMHX - Performance Comparison
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CRAK vs. SMHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CRAK VanEck Oil Refiners ETF | 29.10% | 39.11% | -17.80% |
SMHX VanEck Fabless Semiconductor ETF | -0.32% | 30.00% | 17.76% |
Returns By Period
In the year-to-date period, CRAK achieves a 29.10% return, which is significantly higher than SMHX's -0.32% return.
CRAK
- 1D
- -1.98%
- 1M
- 4.65%
- YTD
- 29.10%
- 6M
- 33.54%
- 1Y
- 71.28%
- 3Y*
- 19.41%
- 5Y*
- 15.61%
- 10Y*
- 12.30%
SMHX
- 1D
- 1.86%
- 1M
- -2.70%
- YTD
- -0.32%
- 6M
- -1.36%
- 1Y
- 60.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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CRAK vs. SMHX - Expense Ratio Comparison
CRAK has a 0.60% expense ratio, which is higher than SMHX's 0.35% expense ratio.
Return for Risk
CRAK vs. SMHX — Risk / Return Rank
CRAK
SMHX
CRAK vs. SMHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Oil Refiners ETF (CRAK) and VanEck Fabless Semiconductor ETF (SMHX). 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 | SMHX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.41 | 1.55 | +1.86 |
Sortino ratioReturn per unit of downside risk | 4.16 | 2.19 | +1.97 |
Omega ratioGain probability vs. loss probability | 1.62 | 1.30 | +0.32 |
Calmar ratioReturn relative to maximum drawdown | 4.77 | 3.56 | +1.21 |
Martin ratioReturn relative to average drawdown | 20.58 | 9.59 | +10.99 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CRAK | SMHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.41 | 1.55 | +1.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.77 | -0.24 |
Correlation
The correlation between CRAK and SMHX is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
CRAK vs. SMHX - Dividend Comparison
CRAK's dividend yield for the trailing twelve months is around 1.56%, more than SMHX's 0.02% yield.
| 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% |
SMHX VanEck Fabless Semiconductor ETF | 0.02% | 0.02% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
CRAK vs. SMHX - Drawdown Comparison
The maximum CRAK drawdown since its inception was -58.80%, which is greater than SMHX's maximum drawdown of -38.53%. Use the drawdown chart below to compare losses from any high point for CRAK and SMHX.
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Drawdown Indicators
| CRAK | SMHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.80% | -38.53% | -20.27% |
Max Drawdown (1Y)Largest decline over 1 year | -15.07% | -17.51% | +2.44% |
Max Drawdown (5Y)Largest decline over 5 years | -35.61% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -58.80% | — | — |
Current DrawdownCurrent decline from peak | -1.98% | -10.19% | +8.21% |
Average DrawdownAverage peak-to-trough decline | -12.63% | -7.94% | -4.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.49% | 6.50% | -3.01% |
Volatility
CRAK vs. SMHX - Volatility Comparison
The current volatility for VanEck Oil Refiners ETF (CRAK) is 5.81%, while VanEck Fabless Semiconductor ETF (SMHX) has a volatility of 11.28%. This indicates that CRAK experiences smaller price fluctuations and is considered to be less risky than SMHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CRAK | SMHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.81% | 11.28% | -5.47% |
Volatility (6M)Calculated over the trailing 6-month period | 13.42% | 24.45% | -11.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.99% | 39.40% | -18.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.45% | 39.80% | -19.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.11% | 39.80% | -17.69% |