WTID vs. CRAK
WTID (MicroSectors Energy -3X Inverse Leveraged ETN) and CRAK (VanEck Oil Refiners ETF) are both exchange-traded funds - WTID is a Inverse Equities fund tracking the Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%), while CRAK is a Energy Equities fund tracking the MVIS Global Oil Refiners Index. Both are passively managed. Over the past 3 years, WTID returned -46.15%/yr vs 19.31%/yr for CRAK. At a correlation of -0.68, they often move in opposite directions. WTID charges 0.95%/yr vs 0.62%/yr for CRAK.
Performance
WTID vs. CRAK - Performance Comparison
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Returns By Period
In the year-to-date period, WTID achieves a -53.52% return, which is significantly lower than CRAK's 20.86% return.
WTID
- 1D
- -1.82%
- 1M
- 20.85%
- YTD
- -53.52%
- 6M
- -54.10%
- 1Y
- -61.42%
- 3Y*
- -46.15%
- 5Y*
- —
- 10Y*
- —
CRAK
- 1D
- -0.83%
- 1M
- -6.54%
- YTD
- 20.86%
- 6M
- 20.73%
- 1Y
- 42.08%
- 3Y*
- 19.31%
- 5Y*
- 12.08%
- 10Y*
- 12.77%
WTID vs. CRAK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
WTID MicroSectors Energy -3X Inverse Leveraged ETN | -53.52% | -44.50% | -7.93% | -16.93% |
CRAK VanEck Oil Refiners ETF | 20.86% | 39.11% | -15.05% | 8.64% |
Correlation
The correlation between WTID and CRAK is -0.60, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.66 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2023 | -0.68 |
The correlation between WTID and CRAK has been stable across timeframes, ranging from -0.68 to -0.60 - a consistent structural relationship.
WTID vs. CRAK - Sectors Allocation Comparison
Sectors
WTID
CRAK
Energy
Basic Materials
-
Communication Services
-
-
Consumer Cyclical
-
-
Consumer Defensive
-
-
Financial Services
-
-
Healthcare
-
-
Industrials
-
Real Estate
-
-
Technology
-
-
Utilities
-
-
Energy
WTID
CRAK
Basic Materials
WTID
-
CRAK
Communication Services
WTID
-
CRAK
-
Consumer Cyclical
WTID
-
CRAK
-
Consumer Defensive
WTID
-
CRAK
-
Financial Services
WTID
-
CRAK
-
Healthcare
WTID
-
CRAK
-
Industrials
WTID
-
CRAK
Real Estate
WTID
-
CRAK
-
Technology
WTID
-
CRAK
-
Utilities
WTID
-
CRAK
-
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Return for Risk
WTID vs. CRAK — Risk / Return Rank
WTID
CRAK
WTID vs. CRAK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Energy -3X Inverse Leveraged ETN (WTID) 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.
| WTID | CRAK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.13 | ||
| Sortino ratioReturn per unit of downside risk | -4.51 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.37 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | 3.29 | -4.12 |
| Martin ratioReturn relative to average drawdown | -1.40 | 11.53 | -12.92 |
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Drawdowns
WTID vs. CRAK - Drawdown Comparison
The maximum WTID drawdown since its inception was -90.35%, which is greater than CRAK's maximum drawdown of -58.80%. Use the drawdown chart below to compare losses from any high point for WTID and CRAK.
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Drawdown Indicators
| WTID | CRAK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.35% | -58.80% | -31.55% |
Max Drawdown (1Y)Largest decline over 1 year | -74.87% | -12.84% | -62.03% |
Max Drawdown (3Y)Largest decline over 3 years | -88.99% | -35.61% | -53.38% |
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 | -86.31% | -12.74% | -73.57% |
Average DrawdownAverage peak-to-trough decline | -54.89% | -12.47% | -42.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.00% | 3.66% | +40.34% |
Volatility
WTID vs. CRAK - Volatility Comparison
MicroSectors Energy -3X Inverse Leveraged ETN (WTID) has a higher volatility of 22.02% compared to VanEck Oil Refiners ETF (CRAK) at 6.42%. This indicates that WTID'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
| WTID | CRAK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.02% | 6.42% | +15.60% |
Volatility (6M)Calculated over the trailing 6-month period | 54.34% | 15.00% | +39.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.79% | 19.11% | +48.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.49% | 20.67% | +49.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.49% | 22.17% | +48.32% |
WTID vs. CRAK - Expense Ratio Comparison
WTID has a 0.95% expense ratio, which is higher than CRAK's 0.62% expense ratio.
Dividends
WTID vs. CRAK - Dividend Comparison
WTID has not paid dividends to shareholders, while CRAK's dividend yield for the trailing twelve months is around 1.67%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CRAK VanEck Oil Refiners ETF | 1.67% | 2.02% | 5.60% | 3.65% | 3.08% | 2.40% | 2.64% | 1.49% | 2.42% | 1.66% | 3.42% | 0.47% |
WTID MicroSectors Energy -3X Inverse Leveraged ETN | 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
WTID and CRAK have a correlation of -0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WTID has higher volatility (22.02%) compared to CRAK (6.42%). In terms of maximum drawdown, WTID dropped -90.35% vs CRAK's -58.80%.
On 3-year performance, CRAK leads with 19.31% vs -46.15% for WTID. On fees, CRAK is cheaper at 0.62% per year. On volatility, CRAK has been the lower-risk option at 6.42%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, CRAK has performed better with a 19.31% return vs -46.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CRAK is cheaper with a 0.62% expense ratio, compared with 0.95% for WTID.
CRAK has the higher dividend yield at 1.67%, compared with 0.00% for WTID.
WTID is categorized as Inverse Equities, while CRAK is Energy Equities. WTID tracks Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%), while CRAK tracks MVIS Global Oil Refiners Index. They also come from different issuers: REX and VanEck. Their fees differ too: 0.95% for WTID and 0.62% for CRAK.
CRAK currently has the higher Sharpe Ratio (2.21 vs -0.92), 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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