PSCE vs. CRAK

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco S&P SmallCap Energy ETF (PSCE) and VanEck Oil Refiners ETF (CRAK).

PSCE and CRAK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PSCE is a passively managed fund by Invesco that tracks the performance of the S&P SmallCap 600 Energy Index. It was launched on Apr 7, 2010. CRAK is a passively managed fund by VanEck that tracks the performance of the MVIS Global Oil Refiners. It was launched on Aug 18, 2015. Both PSCE and CRAK are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

PSCE vs. CRAK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P SmallCap Energy ETF (PSCE) and VanEck Oil Refiners ETF (CRAK). The values are adjusted to include any dividend payments, if applicable.

PSCE vs. CRAK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PSCE Invesco S&P SmallCap Energy ETF	42.67%	-9.00%	-5.47%	5.07%	48.45%	59.85%	-40.31%	-14.93%	-42.98%	-26.70%
CRAK VanEck Oil Refiners ETF	31.71%	39.11%	-15.05%	13.73%	19.10%	10.90%	-11.22%	9.15%	-10.46%	49.86%

Returns By Period

In the year-to-date period, PSCE achieves a 42.67% return, which is significantly higher than CRAK's 31.71% return. Over the past 10 years, PSCE has underperformed CRAK with an annualized return of -0.66%, while CRAK has yielded a comparatively higher 12.53% annualized return.

PSCE

• 1D: -0.78%
• 1M: 10.75%
• YTD: 42.67%
• 6M: 44.85%
• 1Y: 49.10%
• 3Y*: 12.00%
• 5Y*: 14.91%
• 10Y*: -0.66%

CRAK

• 1D: 0.80%
• 1M: 10.12%
• YTD: 31.71%
• 6M: 37.36%
• 1Y: 75.35%
• 3Y*: 20.21%
• 5Y*: 16.07%
• 10Y*: 12.53%

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

PSCE vs. CRAK - Expense Ratio Comparison

PSCE has a 0.29% expense ratio, which is lower than CRAK's 0.60% expense ratio.

CRAK

VanEck Oil Refiners ETF

PSCE

Invesco S&P SmallCap Energy ETF

Return for Risk

PSCE vs. CRAK — Risk / Return Rank

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

PSCE

PSCE Risk / Return Rank: 73
PSCE Sharpe Ratio Rank: 77
PSCE Sortino Ratio Rank: 73
PSCE Omega Ratio Rank: 74
PSCE Calmar Ratio Rank: 75
PSCE Martin Ratio Rank: 66

CRAK

CRAK Risk / Return Rank: 98
CRAK Sharpe Ratio Rank: 98
CRAK Sortino Ratio Rank: 98
CRAK Omega Ratio Rank: 98
CRAK Calmar Ratio Rank: 97
CRAK Martin Ratio Rank: 97

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.

PSCE vs. CRAK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Energy ETF (PSCE) 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.

	PSCE	CRAK	Difference
Sharpe ratio Return per unit of total volatility	1.39	3.63	-2.24
Sortino ratio Return per unit of downside risk	1.82	4.38	-2.56
Omega ratio Gain probability vs. loss probability	1.27	1.66	-0.39
Calmar ratio Return relative to maximum drawdown	1.94	4.91	-2.97
Martin ratio Return relative to average drawdown	6.52	21.23	-14.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PSCE vs. CRAK - Sharpe Ratio Comparison

The current PSCE Sharpe Ratio is 1.39, which is lower than the CRAK Sharpe Ratio of 3.63. The chart below compares the historical Sharpe Ratios of PSCE and CRAK, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PSCE	CRAK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.39	3.63	-2.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.39	0.79	-0.40
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.02	0.57	-0.58
Sharpe Ratio (All Time) Calculated using the full available price history	-0.09	0.54	-0.63

Correlation

The correlation between PSCE and CRAK is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

PSCE vs. CRAK - Dividend Comparison

PSCE's dividend yield for the trailing twelve months is around 1.83%, more than CRAK's 1.53% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PSCE Invesco S&P SmallCap Energy ETF	1.83%	2.39%	1.70%	2.57%	1.70%	0.46%	0.87%	0.14%	0.22%	0.04%	0.22%	0.82%
CRAK VanEck Oil Refiners ETF	1.53%	2.02%	5.60%	3.65%	3.08%	2.40%	2.64%	1.49%	2.42%	1.66%	3.42%	0.47%

Drawdowns

PSCE vs. CRAK - Drawdown Comparison

The maximum PSCE drawdown since its inception was -96.21%, which is greater than CRAK's maximum drawdown of -58.80%. Use the drawdown chart below to compare losses from any high point for PSCE and CRAK.

Drawdown Indicators

	PSCE	CRAK	Difference
Max Drawdown Largest peak-to-trough decline	-96.21%	-58.80%	-37.41%
Max Drawdown (1Y) Largest decline over 1 year	-25.44%	-15.07%	-10.37%
Max Drawdown (5Y) Largest decline over 5 years	-45.42%	-35.61%	-9.81%
Max Drawdown (10Y) Largest decline over 10 years	-90.70%	-58.80%	-31.90%
Current Drawdown Current decline from peak	-74.65%	0.00%	-74.65%
Average Drawdown Average peak-to-trough decline	-58.66%	-12.64%	-46.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.59%	3.49%	+4.10%

Volatility

PSCE vs. CRAK - Volatility Comparison

Invesco S&P SmallCap Energy ETF (PSCE) and VanEck Oil Refiners ETF (CRAK) have volatilities of 5.33% and 5.52%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSCE	CRAK	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.33%	5.52%	-0.19%
Volatility (6M) Calculated over the trailing 6-month period	18.54%	13.47%	+5.07%
Volatility (1Y) Calculated over the trailing 1-year period	35.47%	20.89%	+14.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.21%	20.44%	+17.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.44%	22.10%	+21.34%