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
$ 328.5 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 +
| EXXON MOBIL CORP | 5.1 % |
| CHEVRON CORP | 4.9 % |
| DEERE & CO | 4.7 % |
| NEXTERA ENERGY GROUP | 4.2 % |
| IBERDROLA SA | 3.7 % |
| BAYER AG | 2.9 % |
| BHP BILLITON LTD-SPON ADR | 2.9 % |
| CORTEVA INC | 2.8 % |
| NUTRIEN LTD. | 2.3 % |
| SHELL PLC-ADR | 2.1 % |
Constituent Breakdown
| Number of holdings | 146 |
| Herfindahl-Hirschman Index | 192 |
| Wgt avg mkt cap (mns) | $92,024 |
| Large cap (>$10bn) | 85.0% |
| Mid cap ($2-10bn) | 6.9% |
| Small cap (<$2bn) | 0.1% |
| Developed mkts. | 90.1% |
| Emerging mkts. | 7.5% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 48.9 % |
 |
CANADA | 14.5 % |
 |
BRITAIN | 5.3 % |
 |
AUSTRALIA | 4.5 % |
 |
SPAIN | 4.1 % |
 |
GERMANY | 2.9 % |
 |
BRAZIL | 2.1 % |
 |
SOUTH AFRICA | 1.9 % |
 |
JAPAN | 1.9 % |
 |
NORWAY | 1.9 % |
Historical Performance
Standardized Performance (as of 04/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 22.2% | 52.0% | 20.4% | 14.1% | 9.8% | 9.0% | -- | 4.0% |
| Dividend Yield | 0.0% | 3.5% | 3.0% | 3.2% | 3.0% | 2.8% | -- | 2.4% |
| Total Returns | 22.2% | 55.5% | 23.4% | 17.3% | 12.9% | 11.8% | -- | 6.3% | Ann. Volatility | 19.1% | 14.7% | 16.6% | 16.0% | 18.3% | 19.8% | -- | 24.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.51 | 19% |
| MSCI EAFE | 0.62 | 37% |
| MSCI Emg Mkts | 0.46 | 33% |
Liquidity Measures
| Avg. volume (000) | 31 |
| ADV traded (mns) | $2 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.10% |
Technical Indicators
| 30d moving avg. (EMA) | $72.78 |
| Relative strength (RSI) | 52 |
| MACD/Signal | 0.08/0.25 |
| Bollinger Bands (Upper/Lower) | $74.59/$71.39 |
| 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 |
|---|---|---|---|---|
| GNR | SPDR S&P Global Natural Resources ETF | 36.9% | -10 bp | +1.5% |
| GUNR | FlexShares Morningstar Global Upstream Natural Resources Ind | 35.1% | -4 bp | +0.9% |
| IGE | iShares North American Natural Resources ETF | 33.0% | -9 bp | -0.5% |
| NANR | SPDR S&P North American Natural Resources ETF | 30.2% | -15 bp | -0.2% |
| FTWO | Strive FAANG 2.0 ETF | 27.7% | -1 bp | -2.4% |
| AVIE | Avantis Inflation Focused Equity ETF | 24.2% | -25 bp | 0.0% |
| MOO | VanEck Agribusiness ETF | 23.8% | +3 bp | +2.2% |
| LVDS | JPMorgan Fundamental Data Science Large Value ETF | 20.5% | -1 bp | -1.1% |
| IYE | iShares U.S. Energy ETF | 19.1% | -10 bp | +0.5% |
| IXC | iShares Global Energy ETF | 19.0% | -6 bp | +1.2% |
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.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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 5/29/2026
Peer Group Comparison
Sample data. Subscribe for access.
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.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
ETF Research Center Rating
6.6%
ALTAR SCORE™
81st
PERCENTILE
SPECULATIVE
ETFRC RATING
There are 727 funds in the Global Equity category with an average
ALTAR Score™ of 4.3% 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 81st percentile
among funds in the category.
Sell-Side Consensus
$78.09
PRICE TARGET
+8.2%
UPSIDE