CRAK vs. SOBO.TO
CRAK (VanEck Oil Refiners ETF) is Energy Equities fund tracking the MVIS Global Oil Refiners Index, while SOBO.TO (South Bow Corp) is a stock. Over the past year, CRAK returned 55.23% vs 51.18% for SOBO.TO. At a 0.09 correlation, their price movements are largely independent.
Performance
CRAK vs. SOBO.TO - Performance Comparison
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Different Trading Currencies
CRAK is traded in USD, while SOBO.TO is traded in CAD. To make them comparable, the SOBO.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CRAK achieves a 29.26% return, which is significantly lower than SOBO.TO's 40.47% 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%
SOBO.TO
- 1D
- 1.07%
- 1M
- 2.17%
- YTD
- 40.47%
- 6M
- 44.56%
- 1Y
- 51.18%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CRAK vs. SOBO.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CRAK VanEck Oil Refiners ETF | 29.26% | 39.11% | -15.34% |
SOBO.TO South Bow Corp | 40.47% | 25.61% | 15.72% |
Correlation
The correlation between CRAK and SOBO.TO is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2024 | 0.09 |
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Return for Risk
CRAK vs. SOBO.TO — Risk / Return Rank
CRAK
SOBO.TO
CRAK vs. SOBO.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Oil Refiners ETF (CRAK) and South Bow Corp (SOBO.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 | SOBO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.41 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 6.49 | 4.00 | +2.49 |
| Martin ratioReturn relative to average drawdown | 17.24 | 11.44 | +5.80 |
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Drawdowns
CRAK vs. SOBO.TO - Drawdown Comparison
The maximum CRAK drawdown since its inception was -58.80%, which is greater than SOBO.TO's maximum drawdown of -27.09%. Use the drawdown chart below to compare losses from any high point for CRAK and SOBO.TO.
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Drawdown Indicators
| CRAK | SOBO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.80% | -27.09% | -31.71% |
Max Drawdown (1Y)Largest decline over 1 year | -8.57% | -12.68% | +4.11% |
Max Drawdown (3Y)Largest decline over 3 years | -35.61% | — | — |
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 | -6.68% | -0.27% | -6.41% |
Average DrawdownAverage peak-to-trough decline | -12.48% | -4.27% | -8.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.22% | 4.44% | -1.22% |
Volatility
CRAK vs. SOBO.TO - Volatility Comparison
The current volatility for VanEck Oil Refiners ETF (CRAK) is 5.81%, while South Bow Corp (SOBO.TO) has a volatility of 7.11%. This indicates that CRAK experiences smaller price fluctuations and is considered to be less risky than SOBO.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 | SOBO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.81% | 7.11% | -1.30% |
Volatility (6M)Calculated over the trailing 6-month period | 14.72% | 14.83% | -0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.66% | 20.22% | -1.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.67% | 44.59% | -23.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.17% | 44.59% | -22.42% |
Dividends
CRAK vs. SOBO.TO - Dividend Comparison
CRAK's dividend yield for the trailing twelve months is around 1.56%, less than SOBO.TO's 5.18% 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% |
SOBO.TO South Bow Corp | 5.18% | 7.37% | 2.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CRAK and SOBO.TO have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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