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ETFs

VanEck Oil Refiners ETF

CRAK
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Aug 18 2015
Expense Ratio
0.61%
Type
Global Equities
Fund Owner
Van Eck Associates Corporation
Volume (1m avg. daily)
$397,498
AUM
$33,440,000
Associated Index
MVIS Global Oil Refiners Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

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TUPRS
Turkiye Petrol Rafinerileri AS
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GALP
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5019
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4.51%
Invest with CRAK

What is CRAK?

VanEck Oil Refiners ETF seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS Global Oil Refiners Index. Market Global Oil Refiners Index is a modified market cap-weighted index intended to track the performance of the largest and most liquid companies in the global oil refining segment.

ETFs related toCRAK

ETFs correlated to CRAK include IGE, FTXN, IXC

CRAK
VanEck ETF Trust - VanEck Oil Refiners ETF
IGE
BlackRock Institutional Trust Company N.A. - iShares North American Natural Resources ETF
FTXN
First Trust Exchange-Traded Fund III - First Trust Nasdaq Oil & Gas ETF
IXC
BlackRock Institutional Trust Company N.A. - iShares Global Energy ETF
NRGU
Bank of Montreal - MicroSectors U.S. Big Oil Index 3X Leveraged ETNs
RSPG
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Energy ETF
IEO
BlackRock Institutional Trust Company N.A. - iShares U.S. Oil & Gas Exploration & Production ETF
PXE
Invesco Capital Management LLC - Invesco Energy Exploration & Production ETF
PXI
Invesco Capital Management LLC - Invesco Dorsey Wright Energy Momentum ETF
GUSH
Direxion Shares ETF Trust - Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares
FENY
Fidelity Covington Trust - Fidelity MSCI Energy Index ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toCRAK

#DB

Diversification at its Best

Category

Tactical Asset Allocation, Be Risk Aware, Diversification

Risk Rating

Moderate

#PTI

Pick the Trending Index

Category

Momentum, Grow Your Portfolio, Ride the Momentum

Risk Rating

Aggressive

Create your own algorithmic trading strategy with CRAK using Composer

FAQ

CRAK is a Global Equities ETF. VanEck Oil Refiners ETF seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS Global Oil Refiners Index. Market Global Oil Refiners Index is a modified market cap-weighted index intended to track the performance of the largest and most liquid companies in the global oil refining segment.

CRAK tracks the MVIS Global Oil Refiners Index.

No, CRAK is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, CRAK is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on CRAK is 0.0637%. This is the percent change in the value of CRAK over the most recent 1-month period. The 3-month return on CRAK is 0.1768%. This is the percent change in the value of CRAK over the most recent 3-month period.

The standard deviation of CRAK for the past year is 0.2143%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to CRAK include EZU, VEA, and EFA.

ETFs correlated to CRAK include IGE, FTXN, and IXC.

ETFs that are inversely correlated to CRAK include NRGD, DRIP, and OILD.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.