Key stats
About VanEck Oil Refiners ETF
Expense ratio
0.61%
Home page
Inception date
Aug 18, 2015
ISIN
US92189F5851
CRAK offers straightforward exposure to global oil refiners, with no direct peers in the global oil sector. CRAK (named for the spread between the input cost of oil and the selling price of refined product) holds stock in firms that generate at least half their revenue from refining operations. Holdings are weighted by market cap, limited to 8% weight each. Thus, the basket meets a reasonable definition of pure-play refinery exposure in an investable wrapper. In all, CRAK does just what it says on the tin: offer vanilla exposure to global oil refiners.
Classification
What's in the fund
Exposure type
Energy Minerals
Stock breakdown by region
Refiners : Crude Recovery Play with limited equities market riskA great way to play crude recovery is long CRAK - the oil refiner ETF vs short SPY (overall large caps). Refiners have better margins with low oil prices and looking at their margins is a good way to gauge the demand for physical. The ratio has broken 0.7 and I expect to see it at 0.9 or a 30% r
Crak'n Up - Refiners Are Not At A Level Worth Buying Yet"Refinery stocks are not ripe just yet, especially with crack spreads as weak as they are. We're already seeing three of the top four holdings in CRAK begin to roll over, including Marathon, Velaro, and Holly Frontier. Phillips 66 is the outlier.
We continue to wait for CRAK to reach to range botto
Another strong run in the worksIt seems that there is a 2-5 month run after every 1-2 month correction.
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