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CRAK vs XLE

VanEck Oil Refiners ETF

CRAKCNYSE Arca

State Street Energy Select Sector SPDR ETF

XLEANYSE Arca

Overlap

13.3%by weight

Expense ratio

XLE −0.53pt a year

CRAK0.61%XLE0.08%

Avg volume · 30D

XLE 59.0×the volume

CRAK512KXLE30.2M

10Y return · a year

CRAK +3.2pt

CRAK+15.1%XLE+11.9%

CRAK vs XLE Performance

Oct 29, 2021 – Oct 30, 2026

+145.5%CRAK+190.1%XLE

Oct 29, 2021 to Oct 30, 2026. CRAK +145.5%. XLE +190.1%. Use the arrow keys to read each point.0%50%100%Oct 2021Apr 2024Oct 2026
Expense ratio
CRAK 0.61%
XLE 0.08%, better
Fund size
CRAK $719M
XLE $45.3B
1Y total return
CRAK +62.2%
XLE +63.4%, better
Yield (12M)
CRAK 1.22%
XLE 2.18%, better
Holdings
CRAK 29
XLE 24
Avg volume (30D)
CRAK 512K sh
XLE 30.2M sh, better
NAV per share
CRAK $62.28
XLE $68.72
52W range

ETF.net Grade

CRAK: Cost 33, Risk 54, Mission not scored, Tradability 51, Holdings 53, Durability 66. XLE: Cost 98, Risk 54, Mission not scored, Tradability 97, Holdings 37, Durability 88.
Pillar letters and Scores for CRAK, XLE, with each pillar’s weight
PillarCRAKXLE
Cost30% weightD33A98Higher
Mission25% weightNot scoredNot scored
Risk15% weightC54C54
Tradability15% weightC51A97Higher
Holdings10% weightC53HigherD37
Durability5% weightB66A88Higher

Rank among Energy (Broad) funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. CRAK and XLE are both graded against the same 24 Energy (Broad) funds, so their Grades compare head to head.

Energy (Broad)⁠

Category · 24 funds
See all 24 ›

XLE ranks 1st and CRAK 13th of 24 funds in the Energy (Broad) Category.

  1. Rank 1AXLEState Street Energy Select Sector SPDR ETFScore 80
  2. Rank 2AFENYFidelity MSCI Energy Index ETFScore 77
  3. Rank 12CFCGFirst Trust Natural Gas ETFScore 47
  4. Rank 13CCRAKVanEck Oil Refiners ETFScore 45
  5. Rank 13CTSESTruth Social American Energy Security ETFScore 45

Our read on each fund

ETF.net Research

CRAKCVanEck Oil Refiners ETF

XLEAState Street Energy Select Sector SPDR ETF

In short

CRAK The 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.

XLE The 1998 original and still the default way to trade US energy: XLE holds only the oil, gas and oilfield services names inside the S&P 500, capped-weighted, for 0.08% a year.

Stated mandate

CRAK 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.

XLE The fund seeks to provide investment results that generally track the price and yield performance of the Energy Select Sector Index before expenses.

Why people hold it

  • CRAK 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
  • XLE 0.08% a year against a 0.45% median for broad energy funds. It ties the cheapest in its group (FENY) and undercuts VDE.
  • Launched December 1998 as one of the first sector ETFs. Today a multi-billion-dollar fund and one of the most heavily traded in its category.
  • Clean pure play: oil, gas and consumable fuels plus energy equipment and services drawn from the S&P 500. No utilities riding along.ssga.com
  • Pays quarterly, and a deep listed options market sits around it for hedging or covered-call work.barchart.com

Worth knowing

  • CRAK 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
  • XLE A short roster by design, with the integrated majors carrying most of the weight. The index caps weights at each quarterly rebalance so no single stock runs away.spglobal.comssga.com
  • Large-cap US only. Small caps, midstream partnerships and overseas majors sit outside the mandate; FENY and VDE cast a wider net.ssga.com
  • One sector tied to one commodity complex: results move with crude and gas prices, in wider swings than a diversified index.ssga.com

Full CRAK profile⁠

Full XLE profile⁠

CRAK vs XLE Holdings

How CRAK and XLE differ

Overlap by weight

13.3%

Shared holdings make up 25.2% of CRAK and 13.3% of XLE.

Level by level

  • Holdings3 in both13.3%
  • Countryby domicile37.5%
  • Sector3 Sectors96.3%
  • Asset classEquity100%

Sector

Sector weights in CRAK and XLE, widest gap first
SectorMore in CRAKMore in XLE
EnergyXLE +3.7 points
IndustrialsCRAK +2.4 points
MaterialsCRAK +1.3 points

Country, concentration and asset class

Country by domicile

Country weights in CRAK and XLE, widest gap first
CountryMore in CRAKMore in XLE
United StatesXLE +62.5 points
JapanCRAK +11.6 points
South KoreaCRAK +8.8 points
TurkeyCRAK +7.3 points
IndiaCRAK +6.9 points
PolandCRAK +5.6 points
AustriaCRAK +4.8 points
PortugalCRAK +4.5 points
Other countries (5)CRAK +13.0 points

Outside the US: CRAK 44% developed, 56% emerging.

Concentration

Weight in the 10 largest Holdings

  • CRAK62.2%
  • XLE78.4%

Securities held

  • CRAK25
  • XLE22

Asset class

CRAK
Equity
XLE
Equity

Holdings

  • Only in CRAK22
  • In both3
  • Only in XLE19

Only in CRAK

22 securities, 74.7% of CRAK by weight

  • Reliance Industries Ltd6.91%
  • Eneos Holdings Inc5.69%
  • Orlen Sa5.62%

Only in XLE

19 securities, 86.6% of XLE by weight

  • Exxonmobil Holdings Corp24.26%
  • Chevron Corp18.34%
  • Conocophillips7.23%

Weight gaps

All 3 Holdings in both funds, largest gap first.

Holding weights in CRAK and XLE, widest gap first
HoldingMore in CRAKMore in XLE
Marathon Petroleum CorpMPCCRAK +4.73 points
Valero Energy CorpVLOCRAK +4.32 points
Phillips 66PSXCRAK +2.89 points

All 31 CRAK holdings⁠All 21 XLE holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

CRAK vs XLE Cost

Overpaying CRAK vs XLE

$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%

    $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

Expense ratio

  • 0.61%CRAK
  • 0.08%XLE, cheaper
  • Middle half of Energy (Broad) funds
  • Median 0.46%

XLE cheapest of 24 funds

CRAK 16th cheapest of 24 funds

CRAK vs XLE Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
CRAK 1.22%
XLE 2.18%, better
Payout (12M)
CRAK $0.76
XLE $1.52
Last payment
CRAK $0.76
XLE $0.38
Ex-dividend
CRAK Dec 22, 2025
XLE Sep 21, 2026
Paid on
CRAK Dec 26, 2025
XLE Sep 23, 2026
Frequency
CRAK Annual
XLE Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

CRAKAnnual · 9 paymentsAll CRAK payments⁠
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.$0$12017202020232026YTD
XLEQuarterly · 40 paymentsAll XLE payments⁠
One bar per payment. 40 payments from 2017 to 2026 YTD. Mar 17, 2017 $0.21; Jun 16, 2017 $0.22; Sep 15, 2017 $0.43; Dec 15, 2017 $0.23; Mar 16, 2018 $0.24; Jun 15, 2018 $0.26; Sep 21, 2018 $0.26; Dec 21, 2018 $0.27; Mar 15, 2019 $0.26; Jun 21, 2019 $0.29; Sep 20, 2019 $0.28; Dec 20, 2019 $0.30; Dec 30, 2019 $0.90; Mar 23, 2020 $0.28; Jun 22, 2020 $0.25; Sep 21, 2020 $0.27; Dec 21, 2020 $0.26; Mar 22, 2021 $0.26; Jun 21, 2021 $0.27; Sep 20, 2021 $0.30; Dec 20, 2021 $0.35; Mar 21, 2022 $0.35; Jun 21, 2022 $0.41; Sep 19, 2022 $0.42; Dec 19, 2022 $0.43; Mar 20, 2023 $0.40; Jun 20, 2023 $0.35; Sep 18, 2023 $0.34; Dec 18, 2023 $0.40; Mar 18, 2024 $0.37; Jun 24, 2024 $0.36; Sep 23, 2024 $0.36; Dec 23, 2024 $0.35; Mar 24, 2025 $0.36; Jun 23, 2025 $0.36; Sep 22, 2025 $0.37; Dec 22, 2025 $0.37; Mar 23, 2026 $0.39; Jun 22, 2026 $0.38; Sep 21, 2026 $0.38. Use the arrow keys to read each point.$0$12017202020232026YTD

CRAK vs XLE Risk

Fall from peak · 5 years

  • CRAK
  • XLE
Oct 29, 2021 to Oct 30, 2026. Worst fall: CRAK −35.6% · Apr 2025. Use the arrow keys to read each point.−30%−20%−10%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
CRAK 20.8%, betterXLE 21.3%
Return per unit of riskSharpe ratio, 3 years
CRAK 1.07, betterXLE 0.82
Worst fallMax drawdown, 5 years
CRAK −35.6%XLE −26.1%, better
Market sensitivityBeta, 5 years
CRAK 0.51XLE −0.02

CRAK and XLE in the news

All news⁠

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