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IXC vs. CRAK
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IXC vs. CRAK

Last updated Jun 4, 2026

IXC (iShares Global Energy ETF) and CRAK (VanEck Oil Refiners ETF) are both Energy Equities funds - IXC tracks the S&P Global Energy Sector Index while CRAK tracks the MVIS Global Oil Refiners Index. Both are passively managed. Over the past 10 years, IXC returned 10.29%/yr vs 13.28%/yr for CRAK. A 0.74 correlation means they provide meaningful diversification when combined. IXC charges 0.46%/yr vs 0.62%/yr for CRAK.

Performance

IXC vs. CRAK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Global Energy ETF (IXC) and VanEck Oil Refiners ETF (CRAK). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both investments are quite close, with IXC having a 32.22% return and CRAK slightly higher at 33.23%. Over the past 10 years, IXC has underperformed CRAK with an annualized return of 10.29%, while CRAK has yielded a comparatively higher 13.28% annualized return.

IXC

1D
0.87%
1M
-1.75%
YTD
32.22%
6M
30.00%
1Y
48.10%
3Y*
18.84%
5Y*
19.64%
10Y*
10.29%

CRAK

1D
0.56%
1M
-1.83%
YTD
33.23%
6M
27.96%
1Y
67.58%
3Y*
22.78%
5Y*
13.54%
10Y*
13.28%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IXC vs. CRAK - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IXC
iShares Global Energy ETF		32.22%13.98%1.95%3.92%48.51%40.88%-31.00%12.67%-14.85%5.54%
CRAK
VanEck Oil Refiners ETF		33.23%39.11%-15.05%13.73%19.10%10.90%-11.22%9.15%-10.46%49.86%

Correlation

The correlation between IXC and CRAK is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.63

Correlation (3Y)
Calculated over the trailing 3-year period

0.69

Correlation (5Y)
Calculated over the trailing 5-year period

0.77

Correlation (10Y)
Calculated over the trailing 10-year period

0.74

Correlation (All Time)
Calculated using the full available price history since Aug 20, 2015

0.74

The correlation between IXC and CRAK shifts across timeframes, from 0.63 (1 year) to 0.77 (5 years), reflecting how their relationship changes across market environments.

IXC vs. CRAK - Sectors Allocation Comparison

Sectors
IXC
CRAK

Energy

100.0%
98.9%

Basic Materials

-

1.1%

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Financial Services

-

-

Healthcare

-

-

Industrials

-

4.0%

Real Estate

-

-

Technology

-

-

Utilities

-

-

Energy

IXC
100.0%
CRAK
98.9%

Basic Materials

IXC

-

CRAK
1.1%

Communication Services

IXC

-

CRAK

-

Consumer Cyclical

IXC

-

CRAK

-

Consumer Defensive

IXC

-

CRAK

-

Financial Services

IXC

-

CRAK

-

Healthcare

IXC

-

CRAK

-

Industrials

IXC

-

CRAK
4.0%

Real Estate

IXC

-

CRAK

-

Technology

IXC

-

CRAK

-

Utilities

IXC

-

CRAK

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Global Energy ETF

VanEck Oil Refiners ETF

Often compared with IXC:
IXC vs. XLEIXC vs. VDEIXC vs. IYEIXC vs. OIHIXC vs. IUES.LIXC vs. XDW0.DEIXC vs. DDM
Often compared with CRAK:
CRAK vs. XLECRAK vs. OIHCRAK vs. VDECRAK vs. IEOCRAK vs. USAICRAK vs. AMLPCRAK vs. SCHD

Return for Risk

IXC vs. CRAK — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IXC
IXC Risk / Return Rank: 7676
Overall Rank
IXC Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
IXC Sortino Ratio Rank: 7070
Sortino Ratio Rank
IXC Omega Ratio Rank: 6868
Omega Ratio Rank
IXC Calmar Ratio Rank: 8787
Calmar Ratio Rank
IXC Martin Ratio Rank: 7777
Martin Ratio Rank
CRAK
CRAK Risk / Return Rank: 9393
Overall Rank
CRAK Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
CRAK Sortino Ratio Rank: 9393
Sortino Ratio Rank
CRAK Omega Ratio Rank: 9191
Omega Ratio Rank
CRAK Calmar Ratio Rank: 9595
Calmar Ratio Rank
CRAK Martin Ratio Rank: 9292
Martin Ratio Rank
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.

IXC vs. CRAK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Energy ETF (IXC) and VanEck Oil Refiners ETF (CRAK). 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.

IXCCRAKDifference
Sharpe ratioReturn per unit of total volatility
2.58
3.70

-1.12

Sortino ratioReturn per unit of downside risk
3.25
4.76

-1.51

Omega ratioGain probability vs. loss probability

1.42

1.62

-0.20

Calmar ratioReturn relative to maximum drawdown

5.00

7.93

-2.93

Martin ratioReturn relative to average drawdown

15.10

22.48

-7.38

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IXC vs. CRAK - Sharpe Ratio Comparison

The current IXC Sharpe Ratio is 2.58, which is lower than the CRAK Sharpe Ratio of 3.70. The chart below compares the historical Sharpe Ratios of IXC and CRAK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

IXCCRAKDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.58

3.70

-1.12

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.84

0.66

+0.18

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.38

0.60

-0.22

Sharpe Ratio (All Time)

Calculated using the full available price history

0.32

0.54

-0.22

Drawdowns

IXC vs. CRAK - Drawdown Comparison

The maximum IXC drawdown since its inception was -67.88%, which is greater than CRAK's maximum drawdown of -58.80%. Use the drawdown chart below to compare losses from any high point for IXC and CRAK.

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Drawdown Indicators

IXCCRAKDifference

Max Drawdown

Largest peak-to-trough decline

-67.88%

-58.80%

-9.08%

Max Drawdown (1Y)

Largest decline over 1 year

-9.66%

-8.57%

-1.09%

Max Drawdown (3Y)

Largest decline over 3 years

-19.06%

-35.61%

+16.55%

Max Drawdown (5Y)

Largest decline over 5 years

-24.93%

-35.61%

+10.68%

Max Drawdown (10Y)

Largest decline over 10 years

-64.16%

-58.80%

-5.36%

Current Drawdown

Current decline from peak

-4.84%

-3.81%

-1.03%

Average Drawdown

Average peak-to-trough decline

-17.48%

-12.50%

-4.98%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.20%

3.02%

+0.18%

Volatility

IXC vs. CRAK - Volatility Comparison

iShares Global Energy ETF (IXC) has a higher volatility of 7.50% compared to VanEck Oil Refiners ETF (CRAK) at 6.74%. This indicates that IXC's price experiences larger fluctuations and is considered to be riskier than CRAK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IXCCRAKDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.50%

6.74%

+0.76%

Volatility (6M)

Calculated over the trailing 6-month period

15.42%

14.27%

+1.15%

Volatility (1Y)

Calculated over the trailing 1-year period

18.75%

18.35%

+0.40%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.50%

20.61%

+2.89%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

26.85%

22.16%

+4.69%

IXC vs. CRAK - Expense Ratio Comparison

IXC has a 0.46% expense ratio, which is lower than CRAK's 0.62% expense ratio.

Dividends

IXC vs. CRAK - Dividend Comparison

IXC's dividend yield for the trailing twelve months is around 2.79%, more than CRAK's 1.51% yield.

PositionTTM20252024202320222021202020192018201720162015
CRAK
VanEck Oil Refiners ETF		1.51%2.02%5.60%3.65%3.08%2.40%2.64%1.49%2.42%1.66%3.42%0.47%
IXC
iShares Global Energy ETF		2.79%3.68%4.56%3.45%4.76%3.98%4.86%7.00%3.51%3.05%2.86%3.77%

Frequently Asked Questions

IXC and CRAK have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IXC has higher volatility (7.50%) compared to CRAK (6.74%). In terms of maximum drawdown, IXC dropped -67.88% vs CRAK's -58.80%.

On 10-year performance, CRAK leads with 13.28% vs 10.29% for IXC. On fees, IXC is cheaper at 0.46% per year. On volatility, CRAK has been the lower-risk option at 6.74%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, CRAK has performed better with a 13.28% return vs 10.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IXC is cheaper with a 0.46% expense ratio, compared with 0.62% for CRAK.

IXC has the higher dividend yield at 2.79%, compared with 1.51% for CRAK.

IXC tracks S&P Global Energy Sector Index, while CRAK tracks MVIS Global Oil Refiners Index. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.46% for IXC and 0.62% for CRAK.

CRAK currently has the higher Sharpe Ratio (3.70 vs 2.58), 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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