HEQ vs CRAK

Comparison between John Hancock Hedged equity & Income Fund (HEQ, ETF) and VANECK OIL REFINERS ETF (CRAK, ETF).

5-Year PerformanceCRAK has outperformed HEQ, delivering a return of +12.9% compared to +7.7%

HEQ vs CRAK - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	HEQ(ETF)	CRAK(ETF)
Net Assets	$152M	$152M
Expense Ratio	N/A	0.61%
Max Drawdown	59.66%	60.35%
Sharpe Ratio	1.57	2.54
5Y Beta	0.53	0.58
5Y Dividends CAGR	0.06%	16.06%

Net Assets

HEQ

$152M

Winner

CRAK

$152M

Expense Ratio

HEQ

N/A

CRAK

0.61%

Max Drawdown

Winner

HEQ

59.66%

CRAK

60.35%

Sharpe Ratio

HEQ

1.57

Winner

CRAK

2.54

5Y Beta

Winner

HEQ

0.53

CRAK

0.58

5Y Dividends CAGR

HEQ

0.06%

Winner

CRAK

16.06%

HEQ vs CRAK - Historical Returns

Returns include dividend reinvestment.

Period	HEQ	CRAK
1 month	+1.91%	-6.66%
3 months	+6.28%	+3.94%
6 months	+10.72%	+23.79%
1 year	+22.29%	+63.21%
5 years(CAGR)	+7.69%	+12.85%
10 years(CAGR)	+7.47%	+12.93%
Max(CAGR)	+5.95%	+11.63%

Winner

HEQ

+1.91%

CRAK

-6.66%

Winner

HEQ

+6.28%

CRAK

+3.94%

HEQ

+10.72%

Winner

CRAK

+23.79%

HEQ

+22.29%

Winner

CRAK

+63.21%

5Y(CAGR)

HEQ

+7.69%

Winner

CRAK

+12.85%

10Y(CAGR)

HEQ

+7.47%

Winner

CRAK

+12.93%

Max(CAGR)

HEQ

+5.95%

Winner

CRAK

+11.63%

HEQ vs CRAK - Annual Returns (2011 - 2026)

Returns include dividend reinvestment.

Year	HEQ	CRAK
2026	+11.41%	+27.87%
2025	+14.87%	+37.87%
2024	+11.63%	-14.88%
2023	-4.59%	+16.57%
2022	-2.97%	+16.40%
2021	+26.11%	+10.16%
2020	-13.94%	-12.15%
2019	+25.50%	+9.47%
2018	-18.15%	-11.10%
2017	+21.02%	+48.37%
2016	+21.17%	+11.35%
2015	-2.20%	+0.57%
2014	+5.02%	N/A
2013	+17.83%	N/A
2012	+10.48%	N/A
2011	-23.41%	N/A

HEQ vs CRAK Drawdown Comparison

The maximum drawdown for HEQ was -44.30%, occurring on Mar 23, 2020. Recovery took 365 trading sessions.

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

The current HEQ drawdown is -1.59%. The current CRAK drawdown is -6.66%.

Rank	HEQ	CRAK
#1	-44.30% Jan 15, 2020 - Jun 28, 2021	-58.79% Oct 3, 2018 - May 27, 2022
#2	-32.38% Jul 8, 2011 - Sep 18, 2013	-35.62% Apr 8, 2024 - Oct 23, 2025
#3	-26.16% May 11, 2018 - Dec 16, 2019	-27.28% Jun 7, 2022 - Sep 8, 2023
#4	-25.35% May 25, 2022 - Jun 11, 2025	-17.72% Nov 25, 2015 - Nov 22, 2016
#5	-21.69% Jul 24, 2014 - Aug 11, 2016	-10.86% Jan 23, 2018 - Apr 26, 2018
#6	-7.91% Jan 2, 2018 - May 1, 2018	-9.99% Aug 19, 2015 - Oct 8, 2015
#7	-7.73% Jul 14, 2021 - Jan 7, 2022	-9.57% Sep 18, 2023 - Jan 29, 2024
#8	-7.33% Oct 3, 2016 - Dec 22, 2016	-8.57% May 5, 2026 - May 27, 2026
#9	-7.12% Apr 18, 2022 - May 20, 2022	-8.15% Nov 14, 2025 - Jan 21, 2026
#10	-7.00% Jan 14, 2022 - Mar 29, 2022	-7.42% May 21, 2018 - Jul 26, 2018
#11	-6.91% Feb 25, 2026 - Apr 14, 2026	-5.69% Mar 31, 2026 - Apr 29, 2026
#12	-6.04% Oct 20, 2017 - Dec 19, 2017	-4.59% Nov 5, 2015 - Nov 24, 2015
#13	-5.98% Jul 31, 2017 - Sep 22, 2017	-4.48% May 16, 2017 - Jun 28, 2017
#14	-4.53% Sep 7, 2016 - Oct 3, 2016	-4.06% Aug 29, 2018 - Sep 24, 2018
#15	-4.51% Jan 22, 2014 - Feb 28, 2014	-3.88% Aug 7, 2018 - Aug 22, 2018

Correlation

Correlation between HEQ and CRAK is 0.91 which considered as a very strong positive correlation - the stocks move almost identically together.

0.91

-101

Dividend Comparison (2011 - 2026)

HEQ vs CRAK dividend yield comparison.

Year	HEQ	CRAK
2026	2.13%	0.00%
2025	9.30%	2.02%
2024	9.79%	5.60%
2023	10.75%	3.65%
2022	10.09%	3.08%
2021	8.92%	2.40%
2020	11.64%	2.64%
2019	10.09%	1.49%
2018	11.50%	2.42%
2017	10.44%	1.66%
2016	9.57%	3.42%
2015	10.40%	0.47%
2014	9.22%	0.00%
2013	7.88%	0.00%
2012	8.54%	0.00%
2011	4.57%	0.00%