IYZ vs. CRAK
IYZ (iShares U.S. Telecommunications ETF) and CRAK (VanEck Oil Refiners ETF) are both exchange-traded funds - IYZ is a Communications Equities fund tracking the Dow Jones U.S. Select Telecommunications Index, while CRAK is a Energy Equities fund tracking the MVIS Global Oil Refiners Index. Both are passively managed. Over the past 10 years, IYZ returned 5.94%/yr vs 13.50%/yr for CRAK. At a 0.46 correlation, their price movements are largely independent. IYZ charges 0.42%/yr vs 0.62%/yr for CRAK.
Performance
IYZ vs. CRAK - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with IYZ having a 29.57% return and CRAK slightly lower at 29.26%. Over the past 10 years, IYZ has underperformed CRAK with an annualized return of 5.94%, while CRAK has yielded a comparatively higher 13.50% annualized return.
IYZ
- 1D
- 1.27%
- 1M
- 2.31%
- YTD
- 29.57%
- 6M
- 32.60%
- 1Y
- 58.27%
- 3Y*
- 28.37%
- 5Y*
- 7.57%
- 10Y*
- 5.94%
CRAK
- 1D
- 0.01%
- 1M
- -1.57%
- YTD
- 29.26%
- 6M
- 26.17%
- 1Y
- 55.23%
- 3Y*
- 20.46%
- 5Y*
- 13.12%
- 10Y*
- 13.50%
IYZ vs. CRAK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IYZ iShares U.S. Telecommunications ETF | 29.57% | 29.28% | 20.53% | 3.90% | -30.29% | 11.69% | 4.13% | 16.14% | -8.59% | -11.86% |
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% |
Correlation
The correlation between IYZ and CRAK is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2015 | 0.46 |
Over the past year, the correlation between IYZ and CRAK has dropped to 0.17 - well below their long-term average of 0.46, suggesting their price drivers have been diverging.
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Return for Risk
IYZ vs. CRAK — Risk / Return Rank
IYZ
CRAK
IYZ vs. CRAK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Telecommunications ETF (IYZ) 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.
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.
| IYZ | CRAK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.50 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 6.54 | 6.49 | +0.04 |
| Martin ratioReturn relative to average drawdown | 25.99 | 17.24 | +8.75 |
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Drawdowns
IYZ vs. CRAK - Drawdown Comparison
The maximum IYZ drawdown since its inception was -77.11%, which is greater than CRAK's maximum drawdown of -58.80%. Use the drawdown chart below to compare losses from any high point for IYZ and CRAK.
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Drawdown Indicators
| IYZ | CRAK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.11% | -58.80% | -18.31% |
Max Drawdown (1Y)Largest decline over 1 year | -8.62% | -8.57% | -0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -13.85% | -35.61% | +21.76% |
Max Drawdown (5Y)Largest decline over 5 years | -39.74% | -35.61% | -4.13% |
Max Drawdown (10Y)Largest decline over 10 years | -39.74% | -58.80% | +19.06% |
Current DrawdownCurrent decline from peak | -4.77% | -6.68% | +1.91% |
Average DrawdownAverage peak-to-trough decline | -40.10% | -12.48% | -27.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.17% | 3.22% | -1.05% |
Volatility
IYZ vs. CRAK - Volatility Comparison
iShares U.S. Telecommunications ETF (IYZ) has a higher volatility of 8.76% compared to VanEck Oil Refiners ETF (CRAK) at 5.81%. This indicates that IYZ'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
| IYZ | CRAK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.76% | 5.81% | +2.95% |
Volatility (6M)Calculated over the trailing 6-month period | 15.61% | 14.72% | +0.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.65% | 18.66% | -0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.88% | 20.67% | -1.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.30% | 22.17% | -2.87% |
IYZ vs. CRAK - Expense Ratio Comparison
IYZ has a 0.42% expense ratio, which is lower than CRAK's 0.62% expense ratio.
Dividends
IYZ vs. CRAK - Dividend Comparison
IYZ's dividend yield for the trailing twelve months is around 1.53%, less than CRAK's 1.56% 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% |
IYZ iShares U.S. Telecommunications ETF | 1.53% | 2.04% | 1.94% | 2.27% | 2.55% | 2.51% | 2.60% | 2.36% | 2.15% | 3.54% | 2.27% | 1.98% |
Frequently Asked Questions
IYZ and CRAK have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IYZ has higher volatility (8.76%) compared to CRAK (5.81%). In terms of maximum drawdown, IYZ dropped -77.11% vs CRAK's -58.80%.
On 10-year performance, CRAK leads with 13.50% vs 5.94% for IYZ. On fees, IYZ is cheaper at 0.42% per year. On volatility, CRAK has been the lower-risk option at 5.81%. 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 13.50% return vs 5.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IYZ is cheaper with a 0.42% expense ratio, compared with 0.62% for CRAK.
CRAK has the higher dividend yield at 1.56%, compared with 1.53% for IYZ.
IYZ is categorized as Communications Equities, while CRAK is Energy Equities. IYZ tracks Dow Jones U.S. Select Telecommunications Index, while CRAK tracks MVIS Global Oil Refiners Index. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.42% for IYZ and 0.62% for CRAK.
IYZ currently has the higher Sharpe Ratio (3.02 vs 2.98), 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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