ETF Evaluator:
VanEck Oil Refiners ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Equity Energy Over the Last Year
| 73.1% | Invesco Oil & Gas Services ETF (PXJ) |
| 73.1% | BP p.l.c. ADRhedged (BPH) |
| 69.1% | Stt Strt®SPDR®S&P®Oil &GasEqpmnt&SvcsETF (XES) |
| 66.9% | VanEck Oil Refiners ETF (CRAK) |
| 60.9% | VanEck Oil Services ETF (OIH) |
Risk
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Risk
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ETF Details
VanEck Oil Refiners ETF Overview
VanEck Oil Refiners ETF (CRAK) is a passively managed Sector Equity Equity Energy exchange-traded fund (ETF). VanEck launched the ETF in 2015.
The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS® Global Oil Refiners Index.
The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index. The index includes equity securities and depositary receipts of companies in the global oil refining segment. To be initially eligible for the Oil Refiners Index, companies must generate at least 50% of their revenues from crude oil refining. Products of these companies may include gasoline, diesel, jet fuel, fuel oil, naphtha, and other petrochemicals. The fund is non-diversified.
About VanEck Oil Refiners ETF (CRAK)
There are 2 members of the management team with an average tenure of 6.61 years: Peter Liao (2015) and Ralph Lasta (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: MSCI ACWI NR USD index with a weighting of 100% and MVIS Global Oil Refiners NR USD index with a weighting of 100%. VanEck Oil Refiners ETF has 30 securities in its portfolio. The top 10 holdings constitute 58.1% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
VanEck Oil Refiners ETF is part of the Equity global asset class and is within the Sector Equity ETF group. VanEck Oil Refiners ETF has 63.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 35.9% There is 63.8% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). VanEck Oil Refiners ETF has 0.3% of the portfolio in cash.
Assets Under Management
The fund has $251 million in total assets, which is below the $1 billion average for the Equity Energy category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
CRAK Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The VanEck Oil Refiners ETF expense ratio is above average compared to funds in the Equity Energy category. VanEck Oil Refiners ETF has an expense ratio of 0.61%, which is 13% higher than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. VanEck Oil Refiners ETF has a portfolio turnover rate of 26%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 28% for the Equity Energy category.
Recently, in the month of July 2026, VanEck Oil Refiners ETF returned 19.2%, which earned it a grade of A, as the Equity Energy category had an average return of 5.2%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
VanEck Oil Refiners ETF has a trailing yield of 1.37%, which is below the 2.25% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
VanEck Oil Refiners ETF Grades
Year to date, the ETF has returned 47.0%, 18.6 percentage points better than the category, which translates into a grade of A. The fund has returned 66.9% over the past year (grade of A), 22.7% over the past three years (grade of A) and 19.0% per year over the past five years (grade of D) and 14.6% per year over the past 10 years (grade of A).
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CRAK Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| CRAK Return (NAV) | 19.2% | 9.2% | 66.9% | 22.7% | 19.0% | 14.6% |
| CRAK Return (Price) | 19.9% | 8.7% | 67.8% | 22.8% | 19.0% | 14.7% |
| NAV +/- Price Return | -0.643% | 0.453% | -0.860% | -0.113% | -0.040% | -0.168% |
| Equity Energy Avg | 5.2% | -3.4% | 41.0% | 12.5% | 18.2% | 6.1% |
| CRAK Grade (NAV) | A | A | A | A | D | A |
| +/- Category (NAV) | 14.1% | 12.5% | 25.9% | 10.2% | 0.8% | 8.4% |
| CRAK Tax-Cost Ratio | na | na | 0.8% | 1.5% | 1.3% | 1.1% |
CRAK Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| CRAK Return (NAV) | 47.0% | 38.7% | -14.9% | 14.0% | 18.6% | 11.2% | -11.4% | 9.2% | -9.2% | 47.9% | 9.6% |
| CRAK Return (Price) | 47.3% | 39.1% | -15.1% | 13.7% | 19.1% | 10.9% | -11.2% | 9.1% | -10.4% | 49.5% | 9.2% |
| NAV +/- Price Ret | 0.005% | 0.010% | 0.008% | -0.024% | 0.029% | -0.025% | -0.023% | -0.9% | 13.7% | 3.3% | -3.8% |
| Equity Energy Avg | 28.5% | 10.4% | 2.7% | 3.9% | 43.8% | 43.2% | -22.2% | 6.8% | -24.5% | -4.1% | 26.3% |
| CRAK Grade (NAV) | A | A | F | A | F | F | A | C | A | A | F |
| +/- Category | 18.6% | 28.3% | -17.7% | 10.1% | -25.3% | -31.9% | 10.7% | 2.3% | 15.3% | 52.0% | -16.7% |
| Risk Measures | |
| Beta: | 0.34 |
| R-Squared: | 5% |
| Standard Deviation: | 19.8% |
| Category Risk Index: | 0.94 |
| Category Risk Rating: | Below Average |
| Total Risk Index: | 1.61 |
| Total Risk Rating: | Above Average |
| Portfolio Characteristics | |
| Yield: | 1.4% |
| Total Assets: | $ 251 Mil |
| Share Class Assets: | $ 251 Mil |
| Turnover: | 26.0% |
| Expense Ratio: | 0.61% |
| Index Fund: | Yes |
| Index Tracked: | MSCI ACWI NR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 11.0 years | |||
| Average Tenure: 6.6 years | |||
| Managers (Year): Liao Peter (2015), Lasta Ralph (2024) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 30 |
| % in Top 10 Holdings: | 58.1% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 63.8% |
Portfolio Allocation |
|
| Domestic Stock: | 35.9% |
| Foreign Stock: | 63.8% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.3% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | VanEck |
| Phone Number: | 800-826-2333 |
| Website: | www.marketvectorsetfs.com |
| Inception Date: | August 18, 2015 |
Expenses and Fees
| Expense Ratio (%): | 0.61% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.54% |
