CRAK vs. TRP
CRAK (VanEck Oil Refiners ETF) is Energy Equities fund tracking the MVIS Global Oil Refiners Index, while TRP (TC Energy Corporation) is a stock. Over the past 10 years, CRAK returned 13.50%/yr vs 12.24%/yr for TRP. At a 0.43 correlation, their price movements are largely independent.
Performance
CRAK vs. TRP - 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 TRP's 27.41% return. Over the past 10 years, CRAK has outperformed TRP with an annualized return of 13.50%, while TRP has yielded a comparatively lower 12.24% 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%
TRP
- 1D
- 0.12%
- 1M
- 1.69%
- YTD
- 27.41%
- 6M
- 29.66%
- 1Y
- 46.49%
- 3Y*
- 30.95%
- 5Y*
- 14.55%
- 10Y*
- 12.24%
CRAK vs. TRP - 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% |
TRP TC Energy Corporation | 27.41% | 24.02% | 39.88% | 6.09% | -7.83% | 20.99% | -19.09% | 56.30% | -22.64% | 13.51% |
Correlation
The correlation between CRAK and TRP is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2015 | 0.43 |
Over the past year, the correlation between CRAK and TRP has dropped to 0.11 - well below their long-term average of 0.43, suggesting their price drivers have been diverging.
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Return for Risk
CRAK vs. TRP — Risk / Return Rank
CRAK
TRP
CRAK vs. TRP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Oil Refiners ETF (CRAK) and TC Energy Corporation (TRP). 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 | TRP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.42 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 6.49 | 4.70 | +1.80 |
| Martin ratioReturn relative to average drawdown | 17.24 | 14.42 | +2.82 |
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Drawdowns
CRAK vs. TRP - Drawdown Comparison
The maximum CRAK drawdown since its inception was -58.80%, smaller than the maximum TRP drawdown of -62.52%. Use the drawdown chart below to compare losses from any high point for CRAK and TRP.
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Drawdown Indicators
| CRAK | TRP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.80% | -62.52% | +3.72% |
Max Drawdown (1Y)Largest decline over 1 year | -8.57% | -9.65% | +1.08% |
Max Drawdown (3Y)Largest decline over 3 years | -35.61% | -17.00% | -18.61% |
Max Drawdown (5Y)Largest decline over 5 years | -35.61% | -37.05% | +1.44% |
Max Drawdown (10Y)Largest decline over 10 years | -58.80% | -41.64% | -17.16% |
Current DrawdownCurrent decline from peak | -6.68% | -2.14% | -4.54% |
Average DrawdownAverage peak-to-trough decline | -12.48% | -11.72% | -0.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.22% | 3.26% | -0.04% |
Volatility
CRAK vs. TRP - Volatility Comparison
VanEck Oil Refiners ETF (CRAK) and TC Energy Corporation (TRP) have volatilities of 5.81% and 5.62%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CRAK | TRP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.81% | 5.62% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 14.72% | 13.27% | +1.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.66% | 17.71% | +0.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.67% | 21.86% | -1.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.17% | 24.83% | -2.66% |
Dividends
CRAK vs. TRP - Dividend Comparison
CRAK's dividend yield for the trailing twelve months is around 1.56%, less than TRP's 3.58% 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% |
TRP TC Energy Corporation | 3.58% | 4.45% | 5.93% | 7.73% | 8.52% | 5.94% | 5.92% | 4.25% | 5.85% | 5.14% | 5.01% | 6.38% |
Frequently Asked Questions
CRAK and TRP have a correlation of 0.11, 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 TRP (5.62%). In terms of maximum drawdown, CRAK dropped -58.80% vs TRP's -62.52%.
CRAK currently has the higher Sharpe Ratio (2.98 vs 2.56), 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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