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Launched · SEC filings

VanEck Oil Refiners ETF

CRAKNYSE ArcaVanEckC

$60.97−1.19 (−1.91%)

At close: Nov 2, 2026, 4:00 PM ET

C45/ 100

Rank 13 of 25 in Energy (Broad)

C45/100Rank 13 of 25inEnergy (Broad)
Intraday session: down, 79 prints from 62.16 to 60.97. Range 60.97 to 62.30. Use the arrow keys to read each point.61.2561.5061.7562.0010 AM12 PM2 PM4 PM
Expense ratio
0.61%*
Fund size
$719M
1Y total return
+62.2%
Yield · Last 12 months
1.22%
Holdings
29
Avg volume · 30D
512K sh
52W range
low $37.26high $68.37
Launched
Filings
SEC EDGAR

*After a fee waiver that ends May 1, 2027. Without it: 0.94%.

The ETF.net CRAK Grade

Based on 5 of 6 pillars

C

Score 45 out of 100

Category
Energy (Broad)⁠
Rank
13 of 25
Six-pillar profile for CRAK. Scores out of 100: Cost 33, Risk 54, Mission not scored, Tradability 51, Holdings 53, Durability 66. Strongest: Durability (66). Weakest: Cost (33). Based on 5 of 6 pillars.

Score 45 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D33 out of 100
    Rank 17 of 25

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C54 out of 100
    Rank 10 of 24

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C51 out of 100
    Rank 12 of 25

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C53 out of 100
    Rank 14 of 25

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B66 out of 100
    Rank 10 of 25

Our read on CRAK

ETF.net Research

In short

CThe refinery trade in one ticker. CRAK owns the global companies that turn crude into gasoline, diesel and jet fuel, businesses whose economics ride the processing spread rather than the price of a barrel.

Stated mandate

The fund seeks to track, before fees and expenses, the price and yield performance of the MVIS Global Oil Refiners Index, a rules-based modified-capitalization-weighted index covering companies involved in crude-oil refining and related refined petroleum products.

Why people hold it

  • A real pure play: the index only admits companies generating at least 50% of revenue from crude oil refining, so you get processors, not drillers with a refinery attached.sec.gov
  • Global by design. The index covers the worldwide refining segment and can hold depositary receipts, reaching refiners listed well outside the US.sec.gov
  • A different engine from broad energy funds: refiners buy crude and sell gasoline, diesel, jet fuel and naphtha, so the input-to-output spread drives the business.sec.gov
  • Trading since 2015, a long run for a single-industry theme fund, and built on a rules-based index rather than a manager's picks.sec.gov

Worth knowing

  • At 0.61% a year, it costs more than broad energy index funds such as XLE and FENY at 0.08%. That is the toll for slicing out one link in the chain.
  • Non-diversified and about 30 names, so one refiner's outage or margin miss can move the whole fund.sec.gov
  • Overseas holdings bring currency and foreign-market risk, and distributions land annually or semiannually rather than monthly.sec.gov

CRAK Performance

Launched Aug 18, 2015

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

CRAK$16,218
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. CRAK $16,218. SPY $11,199. Use the arrow keys to read each point.$10,000$12,500$15,000$17,500Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for CRAK. Periods over one year show the average yearly return.
PeriodCRAK
Year to date+65.7%
1 month−1.9%
3 months+12.5%
1 year+62.2%
3 yearsper year+27.8%
5 yearsper year+19.7%
10 yearsper year+15.1%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for CRAK
YearReturn barCRAK
2026 YTD+65.7%
2025+39.2%
2024−15.1%
2023+13.7%
2022+19.1%
2021+10.9%
2020−11.2%

CRAK in the news

CRAK Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
1.22%Last 12 months
Payout per share
$0.76Last 12 months
Last payment
$0.76 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2017–2026

One bar per payment. 9 payments from 2017 to 2026 YTD. Dec 18, 2017 $0.45; Dec 20, 2018 $0.65; Dec 23, 2019 $0.41; Dec 21, 2020 $0.66; Dec 20, 2021 $0.65; Dec 19, 2022 $0.96; Dec 18, 2023 $1.25; Dec 23, 2024 $1.54; Dec 22, 2025 $0.76. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 22, 2025Dec 26, 2025$0.76
Dec 23, 2024Dec 24, 2024$1.54
Dec 18, 2023Dec 22, 2023$1.25
Dec 19, 2022Dec 23, 2022$0.96
Dec 20, 2021Dec 27, 2021$0.65
Dec 21, 2020Dec 28, 2020$0.66
Dec 23, 2019Dec 30, 2019$0.41
Dec 20, 2018Dec 27, 2018$0.65
Dec 18, 2017Dec 22, 2017$0.45
Dec 19, 2016Dec 23, 2016$0.71
Dec 21, 2015Dec 28, 2015$0.09

$10,000 in CRAK 10 years ago paid $4,041 in dividends.

CRAK Risk

Risk pillarC54 out of 100Rank 10 of 24 in Energy (Broad)
How much the fund’s monthly returns vary, scaled to a year.
20.8%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.07
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−35.6%
Trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.51
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

CRAK Cost

Compare CRAK and XLE

Overpaying vs XLE, cheapest in Energy (Broad)

$10,309

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • CRAK 0.61%

    $11,998

  • XLE 0.08% Cheapest

    $1,689

$10,000
30 years

Cost over time

  • CRAK 0.61%
  • XLE 0.08%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530CRAK $11,998XLE $1,689

Year by year

YearCRAKXLEOverpaying
10$1,093$147$946
20$4,181$575$3,606
30$11,998$1,689$10,309
How the 0.61% is worked out

Full fee 0.94%− waiver 0.33%= you pay 0.61%

The waiver ends May 1, 2027. After that the fee is 0.94% unless VanEck renews it. Source: prospectus, Apr 2026.

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