BWG vs CRAK

Comparison between BrandywineGLOBAL - Global Income Opportunities Fund Inc (BWG, ETF) and VANECK OIL REFINERS ETF (CRAK, ETF).

5-Year PerformanceCRAK has outperformed BWG, delivering a return of +19.1% compared to +1.8%

BWG vs CRAK - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BWG(ETF)	CRAK(ETF)
Net Assets	$146M	$146M
Expense Ratio	N/A	0.61%
Max Drawdown	67.84%	60.35%
Sharpe Ratio	0.14	2.53
5Y Beta	0.34	0.57
5Y Dividends CAGR	1.40%	16.06%

Net Assets

BWG

$146M

CRAK

$146M

Expense Ratio

BWG

N/A

CRAK

0.61%

Max Drawdown

BWG

67.84%

Winner

CRAK

60.35%

Sharpe Ratio

BWG

0.14

Winner

CRAK

2.53

5Y Beta

Winner

BWG

0.34

CRAK

0.57

5Y Dividends CAGR

BWG

1.40%

Winner

CRAK

16.06%

BWG vs CRAK - Historical Returns

Returns include dividend reinvestment.

Period	BWG	CRAK
1 month	-1.01%	+21.79%
3 months	-2.13%	+19.08%
6 months	-2.47%	+37.05%
1 year	+4.79%	+66.67%
5 years(CAGR)	+1.82%	+19.09%
10 years(CAGR)	+4.23%	+14.94%
Max(CAGR)	+3.08%	+12.91%

BWG

-1.01%

Winner

CRAK

+21.79%

BWG

-2.13%

Winner

CRAK

+19.08%

BWG

-2.47%

Winner

CRAK

+37.05%

BWG

+4.79%

Winner

CRAK

+66.67%

5Y(CAGR)

BWG

+1.82%

Winner

CRAK

+19.09%

10Y(CAGR)

BWG

+4.23%

Winner

CRAK

+14.94%

Max(CAGR)

BWG

+3.08%

Winner

CRAK

+12.91%

BWG vs CRAK - Annual Returns (2012 - 2026)

Returns include dividend reinvestment.

Year	BWG	CRAK
2026	-0.84%	+46.81%
2025	+16.63%	+37.87%
2024	+8.11%	-14.88%
2023	+15.67%	+16.57%
2022	-21.86%	+16.40%
2021	+2.00%	+10.16%
2020	+4.50%	-12.15%
2019	+30.08%	+9.47%
2018	-12.62%	-11.10%
2017	+16.07%	+48.37%
2016	+12.89%	+11.35%
2015	-20.90%	+0.57%
2014	+7.60%	N/A
2013	-9.61%	N/A
2012	+6.06%	N/A

BWG vs CRAK Drawdown Comparison

The maximum drawdown for BWG was -35.45%, occurring on Jan 20, 2016. Recovery took 1182 trading sessions.

The maximum drawdown for CRAK was -58.79%, occurring on Mar 19, 2020. Recovery took 919 trading sessions.

The current BWG drawdown is -4.94%.

Rank	BWG	CRAK
#1	-35.45% May 9, 2013 - Jan 18, 2018	-58.79% Oct 3, 2018 - May 27, 2022
#2	-34.27% Feb 20, 2020 - Jan 28, 2021	-35.62% Apr 8, 2024 - Oct 23, 2025
#3	-34.11% Sep 3, 2021 - Jun 30, 2025	-27.28% Jun 7, 2022 - Sep 8, 2023
#4	-18.97% Jan 25, 2018 - Aug 1, 2019	-17.72% Nov 25, 2015 - Nov 22, 2016
#5	-13.69% May 7, 2012 - Aug 6, 2012	-13.59% May 5, 2026 - Jul 13, 2026
#6	-12.02% Feb 11, 2026 - Mar 30, 2026	-10.86% Jan 23, 2018 - Apr 26, 2018
#7	-5.70% Sep 17, 2025 - Jan 28, 2026	-9.99% Aug 19, 2015 - Oct 8, 2015
#8	-4.94% Feb 17, 2021 - May 27, 2021	-9.57% Sep 18, 2023 - Jan 29, 2024
#9	-4.71% Feb 11, 2013 - Apr 9, 2013	-8.15% Nov 14, 2025 - Jan 21, 2026
#10	-4.44% Aug 7, 2012 - Sep 6, 2012	-7.42% May 21, 2018 - Jul 26, 2018
#11	-4.37% Nov 12, 2012 - Dec 11, 2012	-5.69% Mar 31, 2026 - Apr 29, 2026
#12	-3.10% Jun 9, 2021 - Aug 30, 2021	-4.59% Nov 5, 2015 - Nov 24, 2015
#13	-3.09% Oct 23, 2012 - Nov 9, 2012	-4.48% May 16, 2017 - Jun 28, 2017
#14	-2.00% Jul 9, 2025 - Aug 4, 2025	-4.06% Aug 29, 2018 - Sep 24, 2018
#15	-1.80% Aug 16, 2019 - Sep 24, 2019	-3.88% Aug 7, 2018 - Aug 22, 2018

Correlation

Correlation between BWG and CRAK is 0.70 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.70

-101

Dividend Comparison (2012 - 2026)

BWG vs CRAK dividend yield comparison.

Year	BWG	CRAK
2026	6.14%	0.00%
2025	11.47%	2.02%
2024	12.00%	5.60%
2023	11.73%	3.65%
2022	13.25%	3.08%
2021	8.20%	2.40%
2020	6.81%	2.64%
2019	6.55%	1.49%
2018	8.70%	2.42%
2017	8.35%	1.66%
2016	10.31%	3.42%
2015	16.41%	0.47%
2014	8.95%	0.00%
2013	10.28%	0.00%
2012	4.64%	0.00%