CRAK
VanEck Oil Refiners ETF
The VanEck Vectors Oil Refiners ETF tracks an index of global stocks issued by firms that earn at least 50% of their revenue from oil refining. The index is market-cap-weighted.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
25.9 M
ASSETS UNDER MGMT
61 bp
EXPENSES
Fund Basics
| Fund sponsor | Van Eck |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Aug 18, 2015 |
| Assets (mns) | $26 |
| Expense ratio | 61 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-End Investment Company |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| RELIANCE INDS-SPONS GDR 144A | 8.1 % |
| MARATHON PETROLEUM | 7.9 % |
| PHILLIPS 66 | 6.7 % |
| VALERO ENERGY CORP | 6.4 % |
| POLSKI KONCERN NAFTOWY SA | 6.3 % |
| JX HOLDINGS INC | 5.3 % |
| GALP ENERGIA SGPS SA-B SHRS | 5.1 % |
| OMV AG | 4.8 % |
| NESTE OIL OYJ | 4.8 % |
| HF SINCLAIR CORPORATION | 4.7 % |
Constituent Breakdown
| Number of holdings | 33 |
| Herfindahl-Hirschman Index | 503 |
| Wgt avg mkt cap (mns) | $14,776 |
| Large cap (>$10bn) | 48.7% |
| Mid cap ($2-10bn) | 37.4% |
| Small cap (<$2bn) | 3.2% |
| Developed mkts. | 59.3% |
| Emerging mkts. | 38.2% |
Country Exposure
 |
UNITED STATES | 28.1 % |
 |
JAPAN | 12.8 % |
 |
SOUTH KOREA | 10.6 % |
 |
INDIA | 8.1 % |
 |
POLAND | 6.3 % |
 |
PORTUGAL | 5.1 % |
 |
AUSTRIA | 4.8 % |
 |
FINLAND | 4.8 % |
 |
HUNGARY | 4.6 % |
 |
TURKEY | 3.6 % |
Historical Performance
Standardized Performance (as of 05/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 8.9% | -17.3% | 1.6% | -3.1% | 6.3% | -- | -- | 4.4% |
| Dividend Yield | 0.0% | 0.0% | -2.1% | -0.4% | 0.8% | -- | -- | 2.7% |
| Total Returns | 9.0% | -17.3% | -0.5% | -3.5% | 7.1% | -- | -- | 7.0% | Ann. Volatility | 25.1% | 20.7% | 18.7% | 21.1% | 22.3% | -- | -- | 23.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.82 | 47% |
| MSCI EAFE | 0.81 | 48% |
| MSCI Emg Mkts | 0.64 | 30% |
Liquidity Measures
| Avg. volume (000) | 8 |
| ADV traded (mns) | $0 |
| Turnover | 1.0% |
| Avg. Bid/Ask (% of price) | 0.46% |
Technical Indicators
| Recent close | $32.32 |
| 30d moving avg. | $30.92 |
| Annualized volatility | 20.2% |
| Relative strength (RSI) | 66 |
| Short interest | 1.8% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| IEO | iShares U.S. Oil & Gas Exploration & Production ETF | 21.0% | -21 bp | +13.0% |
| PXE | Invesco Energy Exploration & Production ETF | 17.5% | -1 bp | +16.5% |
| DRLL | Strive U.S. Energy ETF | 14.4% | -20 bp | +10.5% |
| XOP | SPDR S&P Oil & Gas Exploration & Production ETF | 14.1% | -26 bp | +15.6% |
| RSPG | Invesco S&P 500 Equal Weight Energy ETF | 13.7% | -21 bp | +11.1% |
| XLE | Energy Select Sector SPDR Fund | 10.6% | -53 bp | +9.3% |
Risk and Returns: vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 6/30/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
CRAK
14.8%
Cat. Avg
5.8%
ALTAR Score™ Calculation
Category Overview
There are 954 funds in the US Equity category, with an average ALTAR Score™
of 5.8% and a standard deviation of
2.3%. CRAK's ALTAR Score™ is approximately
3.9 standard deviations
above
the category average. This places CRAK in the 99th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
CRAKSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| (61 bp) Percentile rank | 67 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| CRAK | 61.0 | 0.0 | 61 |
| Peer Avg. | 42.9 | 16.7 | 59.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .