CRAK vs. USAI
CRAK (VanEck Oil Refiners ETF) and USAI (Pacer American Energy Independence ETF) are both Energy Equities funds - CRAK tracks the MVIS Global Oil Refiners Index while USAI tracks the American Energy Independence Index. Both are passively managed. Over the past 5 years, CRAK returned 12.08%/yr vs 18.65%/yr for USAI. A 0.63 correlation means they provide meaningful diversification when combined. CRAK charges 0.62%/yr vs 0.75%/yr for USAI.
Performance
CRAK vs. USAI - Performance Comparison
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Returns By Period
In the year-to-date period, CRAK achieves a 20.86% return, which is significantly lower than USAI's 22.28% return.
CRAK
- 1D
- -0.83%
- 1M
- -6.54%
- YTD
- 20.86%
- 6M
- 20.73%
- 1Y
- 42.08%
- 3Y*
- 19.31%
- 5Y*
- 12.08%
- 10Y*
- 12.77%
USAI
- 1D
- 1.47%
- 1M
- -4.67%
- YTD
- 22.28%
- 6M
- 22.34%
- 1Y
- 21.25%
- 3Y*
- 26.31%
- 5Y*
- 18.65%
- 10Y*
- —
CRAK vs. USAI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CRAK VanEck Oil Refiners ETF | 20.86% | 39.11% | -15.05% | 13.73% | 19.10% | 10.90% | -11.22% | 9.15% | -10.46% | 4.94% |
USAI Pacer American Energy Independence ETF | 22.28% | 0.69% | 43.99% | 14.21% | 19.82% | 37.10% | -15.10% | 21.63% | -17.31% | 3.77% |
Correlation
The correlation between CRAK and USAI is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2017 | 0.63 |
Over the past year, the correlation between CRAK and USAI has dropped to 0.35 - well below their long-term average of 0.63, suggesting their price drivers have been diverging.
CRAK vs. USAI - Sectors Allocation Comparison
Sectors
CRAK
USAI
Energy
Industrials
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Basic Materials
-
Communication Services
-
-
Consumer Cyclical
-
-
Consumer Defensive
-
-
Financial Services
-
-
Healthcare
-
-
Real Estate
-
-
Technology
-
-
Utilities
-
Energy
CRAK
USAI
Industrials
CRAK
USAI
-
Basic Materials
CRAK
USAI
-
Communication Services
CRAK
-
USAI
-
Consumer Cyclical
CRAK
-
USAI
-
Consumer Defensive
CRAK
-
USAI
-
Financial Services
CRAK
-
USAI
-
Healthcare
CRAK
-
USAI
-
Real Estate
CRAK
-
USAI
-
Technology
CRAK
-
USAI
-
Utilities
CRAK
-
USAI
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Return for Risk
CRAK vs. USAI — Risk / Return Rank
CRAK
USAI
CRAK vs. USAI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Oil Refiners ETF (CRAK) and Pacer American Energy Independence ETF (USAI). 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 | USAI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.88 | ||
| Sortino ratioReturn per unit of downside risk | +1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.23 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.29 | 2.37 | +0.92 |
| Martin ratioReturn relative to average drawdown | 11.53 | 5.01 | +6.51 |
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Drawdowns
CRAK vs. USAI - Drawdown Comparison
The maximum CRAK drawdown since its inception was -58.80%, smaller than the maximum USAI drawdown of -65.25%. Use the drawdown chart below to compare losses from any high point for CRAK and USAI.
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Drawdown Indicators
| CRAK | USAI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.80% | -65.25% | +6.45% |
Max Drawdown (1Y)Largest decline over 1 year | -12.84% | -9.01% | -3.83% |
Max Drawdown (3Y)Largest decline over 3 years | -35.61% | -18.22% | -17.39% |
Max Drawdown (5Y)Largest decline over 5 years | -35.61% | -20.68% | -14.93% |
Max Drawdown (10Y)Largest decline over 10 years | -58.80% | — | — |
Current DrawdownCurrent decline from peak | -12.74% | -5.91% | -6.83% |
Average DrawdownAverage peak-to-trough decline | -12.47% | -9.34% | -3.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.66% | 4.25% | -0.59% |
Volatility
CRAK vs. USAI - Volatility Comparison
VanEck Oil Refiners ETF (CRAK) has a higher volatility of 6.42% compared to Pacer American Energy Independence ETF (USAI) at 5.71%. This indicates that CRAK's price experiences larger fluctuations and is considered to be riskier than USAI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CRAK | USAI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.42% | 5.71% | +0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 15.00% | 12.39% | +2.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.11% | 16.02% | +3.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.67% | 20.47% | +0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.17% | 27.26% | -5.09% |
CRAK vs. USAI - Expense Ratio Comparison
CRAK has a 0.62% expense ratio, which is lower than USAI's 0.75% expense ratio.
Dividends
CRAK vs. USAI - Dividend Comparison
CRAK's dividend yield for the trailing twelve months is around 1.67%, less than USAI's 4.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CRAK VanEck Oil Refiners ETF | 1.67% | 2.02% | 5.60% | 3.65% | 3.08% | 2.40% | 2.64% | 1.49% | 2.42% | 1.66% | 3.42% | 0.47% |
USAI Pacer American Energy Independence ETF | 4.19% | 5.03% | 3.62% | 4.99% | 5.41% | 6.15% | 7.67% | 6.50% | 5.56% | 0.08% | 0.00% | 0.00% |
Frequently Asked Questions
CRAK and USAI have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CRAK has higher volatility (6.42%) compared to USAI (5.71%). In terms of maximum drawdown, CRAK dropped -58.80% vs USAI's -65.25%.
On 5-year performance, USAI leads with 18.65% vs 12.08% for CRAK. On fees, CRAK is cheaper at 0.62% per year. On volatility, USAI has been the lower-risk option at 5.71%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, USAI has performed better with a 18.65% return vs 12.08%. 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 0.75% for USAI.
USAI has the higher dividend yield at 4.19%, compared with 1.67% for CRAK.
CRAK tracks MVIS Global Oil Refiners Index, while USAI tracks American Energy Independence Index. They also come from different issuers: VanEck and Pacer. Their fees differ too: 0.62% for CRAK and 0.75% for USAI.
CRAK currently has the higher Sharpe Ratio (2.21 vs 1.34), 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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