HAP
VanEck Natural Resources ETF
VanEck Vectors - Hard Assets Producers ETF seeks investment results that correspond to the price and yield of the Rogers - Van Eck Hard Assets Producers Index.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 302.7 M
ASSETS UNDER MGMT
50 bp
EXPENSES
Fund Basics
| Inception date | Aug 29, 2008 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Annually |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| DEERE & CO | 5.2 % |
| CHEVRON CORP | 4.6 % |
| EXXON MOBIL CORP | 4.6 % |
| IBERDROLA SA | 4.1 % |
| BAYER AG | 4.1 % |
| NEXTERA ENERGY GROUP | 4.0 % |
| CORTEVA INC | 3.3 % |
| BHP BILLITON LTD-SPON ADR | 3.1 % |
| NUTRIEN LTD. | 2.3 % |
| SHELL PLC-ADR | 2.0 % |
Constituent Breakdown
| Number of holdings | 149 |
| Herfindahl-Hirschman Index | 200 |
| Wgt avg mkt cap (mns) | $104,808 |
| Large cap (>$10bn) | 88.8% |
| Mid cap ($2-10bn) | 5.7% |
| Small cap (<$2bn) | 0.1% |
| Developed mkts. | 90.6% |
| Emerging mkts. | 7.2% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 48.6 % |
 |
CANADA | 14.1 % |
 |
BRITAIN | 5.2 % |
 |
AUSTRALIA | 4.7 % |
 |
SPAIN | 4.4 % |
 |
GERMANY | 4.1 % |
 |
BRAZIL | 2.0 % |
 |
JAPAN | 2.0 % |
 |
SOUTH AFRICA | 1.9 % |
 |
NORWAY | 1.7 % |
Historical Performance
Standardized Performance (as of 06/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 14.1% | 32.1% | 17.2% | 12.5% | 8.2% | 8.4% | -- | 3.5% |
| Dividend Yield | 0.0% | 3.0% | 2.9% | 3.1% | 3.0% | 2.8% | -- | 2.3% |
| Total Returns | 14.1% | 35.1% | 20.1% | 15.6% | 11.2% | 11.2% | -- | 5.8% | Ann. Volatility | 18.7% | 15.7% | 16.9% | 16.0% | 18.3% | 19.7% | -- | 24.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.63 | 25% |
| MSCI EAFE | 0.65 | 42% |
| MSCI Emg Mkts | 0.40 | 34% |
Liquidity Measures
| Avg. volume (000) | 50 |
| ADV traded (mns) | $3 |
| Turnover | 1.2% |
| Avg. Bid/Ask (% of price) | 0.10% |
Technical Indicators
| 30d moving avg. (EMA) | $69.83 |
| Relative strength (RSI) | 44 |
| MACD/Signal | -0.73/-0.83 |
| Bollinger Bands (Upper/Lower) | $71.24/$67.25 |
| Short interest (% of AUM) | 0.2% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. HAP |
Expenses vs. HAP |
ALTAR Score™ vs. HAP |
|---|---|---|---|---|
| GUNR | FlexShares Morningstar Global Upstream Natural Resources Ind | 34.7% | -4 bp | +1.1% |
| GNR | SPDR S&P Global Natural Resources ETF | 32.0% | -10 bp | +1.8% |
| FTWO | Strive FAANG 2.0 ETF | 28.2% | -1 bp | -2.4% |
| IGE | iShares North American Natural Resources ETF | 27.2% | -9 bp | -0.5% |
| MOO | VanEck Agribusiness ETF | 26.4% | +3 bp | +1.7% |
| NANR | SPDR S&P North American Natural Resources ETF | 25.1% | -15 bp | 0.0% |
| AVIE | Avantis Inflation Focused Equity ETF | 23.3% | -25 bp | -0.4% |
| TSES | Truth Social American Energy Security ETF | 21.8% | +15 bp | -2.0% |
| VEGI | iShares MSCI Agriculture Producers ETF | 19.5% | -11 bp | +0.6% |
| FTAG | First Trust Indxx Global Agriculture ETF | 19.2% | +20 bp | -0.4% |
Risk and Returns: HAP vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 7/16/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
6.9%
ALTAR SCORE™
83rd
PERCENTILE
SPECULATIVE
ETFRC RATING
There are 733 funds in the Global Equity category with an average
ALTAR Score™ of 4.4% and a standard deviation
of 2.6%. HAP's ALTAR Score™ is approximately 0.9 standard
deviations above the category average. This places HAP in the 83rd percentile
among funds in the category.
Sell-Side Consensus
$77.41
PRICE TARGET
+11.2%
UPSIDE