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

50 bp

EXPENSES

$136.2 M

ASSETS UNDER MGMT

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorVan Eck Funds
CategoryGlobal
Asset classEquity
Websitelink...
Inception dateAug 29, 2008
Assets (mns)$136
Expense ratio50 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsAnnually
Taxation1099
Stock selectionCommittee
WeightingProprietary
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
EXXON MOBIL CORP 5.5 %
CHEVRON CORP 5.0 %
NEXTERA ENERGY GROUP 4.8 %
DEERE & CO 4.7 %
BHP BILLITON LTD-SPON ADR 3.9 %
IBERDROLA SA 3.0 %
BAYER AG 2.3 %
RIO TINTO PLC-SPON ADR 2.2 %
CORTEVA INC 2.2 %
NUTRIEN LTD. 2.2 %
Constituent Breakdown
Number of holdings142
Herfindahl-Hirschman Index 235
Wgt avg mkt cap (mns)$91,699
Large cap (>$10bn)88.6%
Mid cap ($2-10bn)9.8%
Small cap (<$2bn)0.0%
Developed mkts.91.3%
Emerging mkts.8.7%
Country Exposure
UNITED STATES 45.4 %
CANADA 10.5 %
AUSTRALIA 6.1 %
BRITAIN 5.6 %
SPAIN 3.5 %
BRAZIL 2.5 %
GERMANY 2.3 %
JAPAN 2.2 %
SWITZERLAND 1.8 %
DENMARK 1.7 %
Historical Performance


Standardized Performance (as of 05/31/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns -0.3% 11.0% -1.3% 3.7% 10.8% 4.9% 5.0%
Volatility 13.1% 14.4% 19.2% 19.2% 23.5% 20.3% --
Market Correlations
versus...BetaR-squared
S&P 5000.8054%
MSCI EAFE0.9064%
MSCI Emg Mkts0.6938%
Liquidity Measures
Avg. volume (000)36
Turnover1.3%
Avg. Bid/Ask (% of price)0.14%
ADV of underlying (mns)$18,935
Technical Indicators
Recent close$49.84
30d moving avg.$52.00
Annualized volatility19.5%
Relative strength (RSI)46
Short interest (ETF)0.0%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: HAP vs. Comps (1 YR)

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Book value per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2023 2024E Fwd Est 2025E
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 --%
1.1 10.8 1.4 4.0% --
Based on closing prices from 6/13/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
HAP



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 Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

HAP

9.9%

Cat. Avg

3.8%

Fund Category: Global

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™9.9%
Recommendation

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

Category Overview
There are 344 funds in the Global category, with an average ALTAR Score™ of 3.8% and a standard deviation of 4.7%. HAP's ALTAR Score™ is approximately 1.3 standard deviations above the category average. This places HAP in the 90th percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
HAP
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

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Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
HAP 50.0 14.0 64
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .