LULG vs. CRAK
LULG (Leverage Shares 2X Long LULU Daily ETF) and CRAK (VanEck Oil Refiners ETF) are both exchange-traded funds - LULG is a Leveraged Equities fund actively managed by Leverage Shares, while CRAK is a Energy Equities fund tracking the MVIS Global Oil Refiners Index. LULG is actively managed, while CRAK is passively managed. Their -0.12 correlation means they have often moved in opposite directions in the past. LULG charges 0.75%/yr vs 0.62%/yr for CRAK.
Performance
LULG vs. CRAK - Performance Comparison
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Returns By Period
In the year-to-date period, LULG achieves a -73.29% return, which is significantly lower than CRAK's 47.28% return.
LULG
- 1D
- -1.27%
- 1M
- -1.27%
- 6M
- -60.43%
- YTD
- -73.29%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
CRAK
- 1D
- -1.04%
- 1M
- 16.39%
- 6M
- 31.77%
- YTD
- 47.28%
- 1Y
- 70.85%
- 3Y*
- 23.11%
- 5Y*
- 19.01%
- 10Y*
- 14.65%
- ALL TIME*
- 12.82%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $24.74M | $18.05M | $9.17M | |
| $563.24K | $638.04K | $1.16M |
LULG vs. CRAK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
LULG Leverage Shares 2X Long LULU Daily ETF | -73.29% | 55.59% |
CRAK VanEck Oil Refiners ETF | 47.28% | -1.08% |
Correlation
The correlation between LULG and CRAK is -0.12, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 5, 2025 | -0.12 |
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Return for Risk
LULG vs. CRAK — Risk / Return Rank
LULG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CRAK
LULG vs. CRAK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long LULU Daily ETF (LULG) 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.
| LULG | CRAK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.55 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 5.01 | — |
| Martin ratioReturn relative to average drawdown | — | 16.54 | — |
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Drawdowns
LULG vs. CRAK - Drawdown Comparison
The maximum LULG drawdown since its inception was -79.88%, which is greater than CRAK's maximum drawdown of -58.80%. Use the drawdown chart below to compare losses from any high point for LULG and CRAK.
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Drawdown Indicators
| LULG | CRAK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.88% | -58.80% | -21.08% |
Max Drawdown (1Y)Largest decline over 1 year | — | -13.59% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -35.61% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -35.61% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -58.80% | — |
Current DrawdownCurrent decline from peak | -75.26% | -1.04% | -74.22% |
Average DrawdownAverage peak-to-trough decline | -42.46% | -12.39% | -30.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.11% | — |
Volatility
LULG vs. CRAK - Volatility Comparison
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Volatility by Period
| LULG | CRAK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.59% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 16.11% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 85.71% | 20.11% | +65.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 85.71% | 20.75% | +64.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 85.71% | 22.24% | +63.47% |
LULG vs. CRAK - Expense Ratio Comparison
LULG has a 0.75% expense ratio, which is higher than CRAK's 0.62% expense ratio.
Dividends
LULG vs. CRAK - Dividend Comparison
LULG has not paid dividends to shareholders, while CRAK's dividend yield for the trailing twelve months is around 1.37%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CRAK VanEck Oil Refiners ETF | 1.37% | 2.02% | 5.60% | 3.65% | 3.08% | 2.40% | 2.64% | 1.49% | 2.42% | 1.66% | 3.42% | 0.47% |
LULG Leverage Shares 2X Long LULU Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LULG and CRAK have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CRAK is cheaper at 0.62% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CRAK is cheaper with a 0.62% expense ratio, compared with 0.75% for LULG.
CRAK has the higher dividend yield at 1.37%, compared with 0.00% for LULG.
LULG is categorized as Leveraged Equities, while CRAK is Energy Equities. They also come from different issuers: Leverage Shares and VanEck. Their fees differ too: 0.75% for LULG and 0.62% for CRAK.
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