Tax-loss harvesting alternatives for CRAK

The closest fund alternative to CRAK (Oil Refiners) is IEO (iShares US Oil & Gas E&P ETF), with a return correlation of 0.70 over the past year. Among single names in the fund's slice of the market, MPC (Marathon Petroleum) tracks it most closely at 0.77 over the past year. Correlations are computed from daily closing-price returns aligned by trading day.

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ETFS

Fund stand-ins

Funds covering similar ground. Two funds tracking the same index may themselves be 'substantially identical' for wash-sale purposes.

Ticker	Name	Focus	Match	1Y	3Y	5Y	10Y
IEO	iShares US Oil & Gas E&P ETF	Oil & Gas E&P	SUB-IND	0.70	0.71	0.76	0.77
XOP	SPDR S&P Oil & Gas E&P ETF	Oil & Gas E&P	SUB-IND	0.68	0.70	0.75	0.72
VDE	Vanguard Energy ETF	Energy Sector	SECTOR	0.68	0.70	0.76	0.79
FENY	Fidelity MSCI Energy ETF	Energy Sector	SECTOR	0.67	0.70	0.76	0.79
XLE	Energy Select Sector SPDR	Energy Sector	SECTOR	0.67	0.71	0.76	0.79
IYE	iShares US Energy ETF	Energy Sector	SECTOR	0.66	0.70	0.76	0.78
OIH	VanEck Oil Services ETF	Oil Services	SUB-IND	0.55	0.65	0.71	0.72
IEZ	iShares US Oil Equipment & Services	Oil Services	SUB-IND	0.52	0.63	0.70	0.72
AMLP	Alerian MLP ETF	Energy Infrastructure	INDUSTRY	0.41	0.51	0.63	0.64
IVV	iShares Core S&P 500	S&P 500	BROAD	0.12	0.44	0.52	0.64
SPY	SPDR S&P 500 ETF	S&P 500	BROAD	0.12	0.45	0.52	0.64
VOO	Vanguard S&P 500 ETF	S&P 500	BROAD	0.11	0.44	0.52	0.64

STOCKS

Single-name peers

Single names inside the fund's slice of the market.

Ticker	Name	Sub-industry	1Y	3Y	5Y	10Y
MPC	Marathon Petroleum	Oil & Gas Refining & Marketing	0.77	0.73	0.77	0.79
PSX	Phillips 66	Oil & Gas Refining & Marketing	0.75	0.74	0.76	0.78
VLO	Valero Energy	Oil & Gas Refining & Marketing	0.72	0.72	0.75	0.77
DINO	HF Sinclair	Oil & Gas Refining & Marketing	0.70	0.70	0.70	0.71
PBF	PBF Energy	Oil & Gas Refining & Marketing	0.67	0.66	0.67	0.66
CVI	CVR Energy, Inc.	Oil & Gas Refining & Marketing	0.64	0.58	0.63	0.62
PARR	Par Pacific Holdings, Inc.	Oil & Gas Refining & Marketing	0.61	0.55	0.61	0.60
REX	REX American Resources Corporation	Oil & Gas Refining & Marketing	0.32	0.32	0.38	0.45
WKC	World Kinect Corporation	Oil & Gas Refining & Marketing	0.23	0.38	0.48	0.53

NEXT STEPS

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Replacement research for CRAK's peers

MPC PSX VLO DINO PBF CVI PARR REX WKC

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Method: Pearson correlation of daily closing-price returns, Yahoo Finance data, series aligned by trading day, refreshed weekly. A cell is blank when overlapping history covers less than 60% of its window. Correlation is descriptive, not predictive. Wash-sale treatment depends on facts and circumstances — confirm with a tax professional. Not investment advice.