Why VanEck Oil Refiners ETF moves
VanEck Oil Refiners ETF fell as the S&P 500 rose slightly.
Written after the close on ·
Why today
20,421 news analyzed todayVanEck Oil Refiners ETF fell as the S&P 500 rose slightly.
Refining-sector news weighed on it, and no single company event is named for that day.
Refiners were under pressure as weaker refining earnings drew attention.
Over the last five trading days the fund fell very sharply, more than the market did.
That move was very big for this fund, rare over the past year.
Today's move of −1.86% was 1.8 times a normal day's 1.0%. S&P 500 moved +0.31% on the same day.
VanEck Oil Refiners ETF −1.86%S&P 500 +0.31%Against the market
What the key figures say about VanEck Oil Refiners ETF
The figures connect what VanEck Oil Refiners ETF earns with what investors pay.
The line shows the share price in the same year, on its own scale.
Money paid to shareholders per share, summed by calendar year.
2017–2025: $0.41–$1.54.
The dividend explained
A dividend is money paid to shareholders. VanEck Oil Refiners ETF paid $0.76 per share in the twelve months through November 6, 2026.
On the ex-dividend day, December 22, 2025, VanEck Oil Refiners ETF traded without the right to the $0.76 dividend. The price went from $38.22 to $37.49; including the dividend, the day's change was +0.1%. Entitlement passes from the company to shareholders on the ex-day; payment comes later.
2016: $0.712017: $0.452018: $0.652019: $0.412020: $0.662021: $0.652022: $0.962023: $1.252024: $1.542025: $0.76
$10,000 in VanEck Oil Refiners ETF bought on November 7, 2016 is worth $37,200 today, with dividends reinvested.
The same amount in S&P 500 with dividends would have become $40,400.
What would $10,000 in VanEck Oil Refiners ETF be worth today? →
What would $10,000 in VanEck Oil Refiners ETF be worth today?
$37,200
with dividends reinvested, bought on November 7, 2016. The same amount in S&P 500 with dividends would have become $40,400.
At worst it was worth $7,890 (March 19, 2020).
The five biggest days of the journey
· −12.7% · the whole market fell 12.0% the same day
· −11.6% · the whole market fell 9.5% the same day
· +10.2% · the whole market rose 1.2% the same day
· −10.1% · the whole market fell 7.6% the same day
· −7.9% · the whole market fell 5.9% the same day
Earlier days
−10.63% market −2.70% VanEck Oil Refiners ETF, listed on NYSE Arca, fell very sharply over the last five trading days, moving much more than the broader market. Read →
VanEck Oil Refiners ETF, listed on NYSE Arca, fell very sharply over the last five trading days, moving much more than the broader market.
The S&P 500 fell sharply over the same days, so the fund moved in the same direction but with far greater force.
The drop was very large by the fund's standards, a move of this size having not occurred in the past year.
Trading was quieter than usual.
−3.82% market −4.41% VanEck Oil Refiners ETF, listed Arca, fell. Read →
VanEck Oil Refiners ETF, listed Arca, fell.
No company news explains it.
Over the same day the S&P 500, the broad US stock market index, also fell very sharply, so the fund moved in line with the market.
The fund holds refining companies, so its moves often follow refining margins, the profit gap between crude oil and the fuels made from it.
Over the last five trading days the fund fell even more than the market.
−2.89% market +1.65% VanEck Oil Refiners ETF fell, against a market that rose sharply. Read →
VanEck Oil Refiners ETF fell, against a market that rose sharply.
No company news explains it.
Refiners are the companies that turn crude oil into fuel, and the fund holds them, so its price follows their margins and the fuel market.
Trading volume was well above normal, so more shares changed hands than usual.
Over the last five trading days the fund fell sharply, while the S&P 500 fell slightly.
−3.27% market −0.56% VanEck Oil Refiners ETF, listed on NYSE Arca, fell clearly over the week's trading days. Read →
VanEck Oil Refiners ETF, listed on NYSE Arca, fell clearly over the week's trading days.
The S&P 500 fell only slightly, so the fund dropped more than the broad market.
Refiner shares were hit by reports of a Valero refinery shutdown after an explosion and by investors seeing record refining margins as a possible peak.
Company results released after the week, including Chevron and Exxon, showed strong refining profits, but these came too late to explain the drop.
−3.73% market +0.56% VanEck Oil Refiners ETF fell without company news. Read →
VanEck Oil Refiners ETF fell without company news.
VanEck Oil Refiners ETF is a fund holding refining company shares, not a single company.
Over the same day the S&P 500 rose clearly, so this fund moved against the broader market.
The fall was about four times a normal daily swing, a very big move for this fund.
Over the last five trading days it fell sharply, while the broader market was roughly flat.