CRAK vs. UTHY

Last updated Jun 14, 2026

CRAK (VanEck Oil Refiners ETF) and UTHY (US Treasury 30 Year Bond ETF) are both exchange-traded funds - CRAK is a Energy Equities fund tracking the MVIS Global Oil Refiners Index, while UTHY is a Government Bonds fund tracking the ICE BofA Current 30-Year US Treasury Index - Benchmark TR Gross. Both are passively managed. Over the past 3 years, CRAK returned 20.46%/yr vs -1.74%/yr for UTHY. At a 0.02 correlation, their price movements are largely independent. CRAK charges 0.62%/yr vs 0.15%/yr for UTHY.

Performance

CRAK vs. UTHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Oil Refiners ETF (CRAK) and US Treasury 30 Year Bond ETF (UTHY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CRAK achieves a 29.26% return, which is significantly higher than UTHY's 0.07% 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%

UTHY

• 1D: -0.30%
• 1M: 2.80%
• YTD: 0.07%
• 6M: 0.39%
• 1Y: 3.41%
• 3Y*: -1.74%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CRAK vs. UTHY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CRAK VanEck Oil Refiners ETF	29.26%	39.11%	-15.05%	14.95%
UTHY US Treasury 30 Year Bond ETF	0.07%	3.47%	-8.07%	-2.77%

Correlation

The correlation between CRAK and UTHY is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.04
Correlation (All Time) Calculated using the full available price history since Mar 28, 2023	0.02

Return for Risk

CRAK vs. UTHY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CRAK

CRAK Risk / Return Rank: 92
CRAK Sharpe Ratio Rank: 93
CRAK Sortino Ratio Rank: 92
CRAK Omega Ratio Rank: 90
CRAK Calmar Ratio Rank: 94
CRAK Martin Ratio Rank: 89

UTHY

UTHY Risk / Return Rank: 13
UTHY Sharpe Ratio Rank: 14
UTHY Sortino Ratio Rank: 13
UTHY Omega Ratio Rank: 12
UTHY Calmar Ratio Rank: 14
UTHY Martin Ratio Rank: 14

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. UTHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Oil Refiners ETF (CRAK) and US Treasury 30 Year Bond ETF (UTHY). 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	UTHY	Difference
Sharpe ratio: Return per unit of total volatility	2.98	0.26	+2.72
Sortino ratio: Return per unit of downside risk	3.91	0.45	+3.46
Omega ratio: Gain probability vs. loss probability	1.50	1.05	+0.45
Calmar ratio: Return relative to maximum drawdown	6.49	0.33	+6.16
Martin ratio: Return relative to average drawdown	17.24	0.81	+16.43

CRAK vs. UTHY - Sharpe Ratio Comparison

The current CRAK Sharpe Ratio is 2.98, which is higher than the UTHY Sharpe Ratio of 0.26. The chart below compares the historical Sharpe Ratios of CRAK and UTHY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CRAK vs. UTHY - Drawdown Comparison

The maximum CRAK drawdown since its inception was -58.80%, which is greater than UTHY's maximum drawdown of -21.86%. Use the drawdown chart below to compare losses from any high point for CRAK and UTHY.

Drawdown Indicators

	CRAK	UTHY	Difference
Max Drawdown Largest peak-to-trough decline	-58.80%	-21.86%	-36.94%
Max Drawdown (1Y) Largest decline over 1 year	-8.57%	-7.34%	-1.23%
Max Drawdown (3Y) Largest decline over 3 years	-35.61%	-18.58%	-17.03%
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	-6.68%	-11.07%	+4.39%
Average Drawdown Average peak-to-trough decline	-12.48%	-10.71%	-1.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.22%	3.00%	+0.22%

Volatility

CRAK vs. UTHY - Volatility Comparison

VanEck Oil Refiners ETF (CRAK) has a higher volatility of 5.81% compared to US Treasury 30 Year Bond ETF (UTHY) at 2.79%. This indicates that CRAK's price experiences larger fluctuations and is considered to be riskier than UTHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CRAK	UTHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.81%	2.79%	+3.02%
Volatility (6M) Calculated over the trailing 6-month period	14.72%	6.36%	+8.36%
Volatility (1Y) Calculated over the trailing 1-year period	18.66%	9.33%	+9.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.67%	13.62%	+7.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.17%	13.62%	+8.55%

CRAK vs. UTHY - Expense Ratio Comparison

CRAK has a 0.62% expense ratio, which is higher than UTHY's 0.15% expense ratio.

Dividends

CRAK vs. UTHY - Dividend Comparison

CRAK's dividend yield for the trailing twelve months is around 1.56%, less than UTHY's 4.62% 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%
UTHY US Treasury 30 Year Bond ETF	4.62%	4.53%	4.58%	2.81%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CRAK and UTHY in my portfolio?

CRAK and UTHY have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CRAK or UTHY?

CRAK has higher volatility (5.81%) compared to UTHY (2.79%). In terms of maximum drawdown, CRAK dropped -58.80% vs UTHY's -21.86%.

Which ETF is better, CRAK or UTHY?

On 3-year performance, CRAK leads with 20.46% vs -1.74% for UTHY. On fees, UTHY is cheaper at 0.15% per year. On volatility, UTHY has been the lower-risk option at 2.79%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CRAK or UTHY?

Over the 3-year period, CRAK has performed better with a 20.46% return vs -1.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CRAK or UTHY?

UTHY is cheaper with a 0.15% expense ratio, compared with 0.62% for CRAK.

Which ETF pays a higher dividend yield, CRAK or UTHY?

UTHY has the higher dividend yield at 4.62%, compared with 1.56% for CRAK.

What is the main difference between CRAK and UTHY?

CRAK is categorized as Energy Equities, while UTHY is Government Bonds. CRAK tracks MVIS Global Oil Refiners Index, while UTHY tracks ICE BofA Current 30-Year US Treasury Index - Benchmark TR Gross. They also come from different issuers: VanEck and US Benchmark Series. Their fees differ too: 0.62% for CRAK and 0.15% for UTHY.

Which has better risk-adjusted returns?

CRAK currently has the higher Sharpe Ratio (2.98 vs 0.26), 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.