TEXX vs. CRAK
TEXX (Horizon Kinetics Texas ETF) and CRAK (VanEck Oil Refiners ETF) are both Energy Equities funds. TEXX is actively managed, while CRAK is passively managed. A 0.56 correlation means they provide meaningful diversification when combined. TEXX charges 0.85%/yr vs 0.62%/yr for CRAK.
Performance
TEXX vs. CRAK - Performance Comparison
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Returns By Period
TEXX
- 1D
- 0.30%
- 1M
- -5.46%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CRAK
- 1D
- 0.95%
- 1M
- -5.75%
- YTD
- 21.87%
- 6M
- 21.93%
- 1Y
- 42.87%
- 3Y*
- 19.64%
- 5Y*
- 12.44%
- 10Y*
- 12.86%
TEXX vs. CRAK - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
TEXX Horizon Kinetics Texas ETF | 9.57% |
CRAK VanEck Oil Refiners ETF | 12.53% |
Correlation
The correlation between TEXX and CRAK is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jan 22, 2026 | 0.56 |
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Return for Risk
TEXX vs. CRAK — Risk / Return Rank
TEXX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CRAK
TEXX vs. CRAK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizon Kinetics Texas ETF (TEXX) 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.
| TEXX | CRAK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.38 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.36 | — |
| Martin ratioReturn relative to average drawdown | — | 12.03 | — |
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Drawdowns
TEXX vs. CRAK - Drawdown Comparison
The maximum TEXX drawdown since its inception was -5.86%, smaller than the maximum CRAK drawdown of -58.80%. Use the drawdown chart below to compare losses from any high point for TEXX and CRAK.
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Drawdown Indicators
| TEXX | CRAK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.86% | -58.80% | +52.94% |
Max Drawdown (1Y)Largest decline over 1 year | — | -12.84% | — |
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 | -5.46% | -12.01% | +6.55% |
Average DrawdownAverage peak-to-trough decline | -1.78% | -12.47% | +10.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.58% | — |
Volatility
TEXX vs. CRAK - Volatility Comparison
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Volatility by Period
| TEXX | CRAK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.78% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 15.00% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 16.39% | 19.12% | -2.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.39% | 20.67% | -4.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.39% | 22.19% | -5.80% |
TEXX vs. CRAK - Expense Ratio Comparison
TEXX has a 0.85% expense ratio, which is higher than CRAK's 0.62% expense ratio.
Dividends
TEXX vs. CRAK - Dividend Comparison
TEXX has not paid dividends to shareholders, while CRAK's dividend yield for the trailing twelve months is around 1.65%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CRAK VanEck Oil Refiners ETF | 1.65% | 2.02% | 5.60% | 3.65% | 3.08% | 2.40% | 2.64% | 1.49% | 2.42% | 1.66% | 3.42% | 0.47% |
TEXX Horizon Kinetics Texas 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
TEXX and CRAK have a correlation of 0.56, 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 0.85% for TEXX.
CRAK has the higher dividend yield at 1.65%, compared with 0.00% for TEXX.
They also come from different issuers: Horizon Kinetics and VanEck. Their fees differ too: 0.85% for TEXX and 0.62% for CRAK.
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