VANECK OIL REFINERS ETF (VE45)
XBER 
Summary
VE45 Chart
Oil Refiners ETF (CRAK) Hits New 52-Week High
Oil surge lifts energy ETFs including refiners, but refiners lag explorers as rising crude costs squeeze margins -- here's what it means for CRAK vs XOP.
Forget Nvidia And Micron — The Iran War Just Created An Earnings Boom For US Refiners
The Iran war is likely to reshuffle the earnings landscape for Corporate America in 2026.
CRAK: How The Conflict In Iran Is Playing In Favor Of Oil Refineries
VanEck Oil Refiners ETF stands out with a six-month return above +30%, driven by widening crack spreads and geopolitical catalysts. CRAK is uniquely exposed to refining margins, not crude oil prices, and benefits from global diversification, though it carries concentrated holdings and sector-specific risks. Three growth drivers-crack spread expansion, a favorable energy cycle, and sector rotation into defensives-support a positive outlook in my opinion.
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VANECK OIL REFINERS ETF Profile
| XBER Exchange | US Country |
Overview
The fund primarily focuses on investing a minimum of 80% of its total assets in securities that form part of its benchmark index, which predominantly includes equity securities and depositary receipts of companies operating within the global oil refining sector. This index is specifically designed to track the performance of companies actively engaged in crude oil refining, requiring that these companies derive at least 50% of their revenues from this sector. It is important to note that the fund is non-diversified, meaning it may invest more heavily in a smaller number of companies or sectors, potentially increasing its risk and return volatility.
Products and Services
- Gasoline: A key product of crude oil refining, gasoline is essential for powering internal combustion engines, particularly in vehicles. It remains a staple energy source worldwide, driving the demand within the oil refining industry.
- Diesel: Another critical fuel, diesel is used across various sectors, including transportation, agriculture, and manufacturing. Diesel engines are known for their efficiency and power, making diesel fuel vital for heavy machinery, trucks, and some cars.
- Jet Fuel: Jet fuel is specially refined for use in aircraft engines. The production of jet fuel is pivotal for the aviation industry, impacting everything from commercial airlines to military operations.
- Fuel Oil: Used primarily in ships and industrial plants, fuel oil is a heavy petroleum product. It caters to sectors requiring high-volume fuel consumption for large-scale operations.
- Naphtha: Naphtha serves as a primary component in the petrochemicals industry, used for producing plastics, solvents, and a variety of other chemicals. Its versatility makes it a significant byproduct of the oil refining process.
- Other Petrochemicals: The refining process also yields various other petrochemicals that serve as raw materials for a wide array of industrial and consumer products, underpinning many aspects of the global economy.
