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
141.9 M
ASSETS UNDER MGMT
50 bp
EXPENSES
Fund Basics
Fund sponsor | Van Eck Funds |
Category | Global |
Asset class | Equity |
Website | link... |
Inception date | Aug 29, 2008 |
Assets (mns) | $142 |
Expense ratio | 50 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Annually |
Taxation | 1099 |
Stock selection | Committee |
Weighting | Proprietary |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | Yes |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
Complete list +
SHELL PLC | 5.5 % |
DEERE & CO | 5.0 % |
EXXON MOBIL CORP | 4.9 % |
CHEVRON CORP | 4.9 % |
NEXTERA ENERGY GROUP | 4.5 % |
BHP BILLITON LTD-SPON ADR | 4.1 % |
IBERDROLA SA | 2.9 % |
CORTEVA INC | 2.7 % |
BAYER AG | 2.6 % |
RIO TINTO PLC-SPON ADR | 2.4 % |
Constituent Breakdown
Number of holdings | 137 |
Herfindahl-Hirschman Index | 221 |
Wgt avg mkt cap (mns) | $91,728 |
Large cap (>$10bn) | 89.1% |
Mid cap ($2-10bn) | 9.4% |
Small cap (<$2bn) | 0.0% |
Developed mkts. | 91.9% |
Emerging mkts. | 7.7% |
Country Exposure
UNITED STATES | 45.0 % | |
CANADA | 10.9 % | |
AUSTRALIA | 6.6 % | |
BRITAIN | 5.5 % | |
SPAIN | 3.3 % | |
GERMANY | 2.6 % | |
BRAZIL | 2.5 % | |
JAPAN | 2.4 % | |
SWITZERLAND | 1.7 % | |
NORWAY | 1.6 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 0.2% | 2.9% | 9.8% | 5.4% | 9.8% | 5.5% | 4.9% | Volatility | 13.1% | 14.4% | 19.2% | 19.2% | 23.5% | 20.3% | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.81 | 53% |
MSCI EAFE | 0.91 | 64% |
MSCI Emg Mkts | 0.71 | 38% |
Liquidity Measures
Avg. volume (000) | 4 |
Turnover | 0.2% |
Avg. Bid/Ask (% of price) | 0.14% |
ADV of underlying (mns) | $19,294 |
Technical Indicators
Recent close | $53.02 |
30d moving avg. | $50.75 |
Annualized volatility | 19.9% |
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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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 | 38.7% | -10 bp | -0.3% |
GUNR | FlexShares Morningstar Global Upstream Natural Resources Ind | 36.0% | -4 bp | -0.6% |
IGE | iShares North American Natural Resources ETF | 29.0% | -9 bp | -3.0% |
FTWO | Strive FAANG 2.0 ETF | 28.9% | -1 bp | -5.1% |
MOO | VanEck Agribusiness ETF | 24.6% | +3 bp | -0.4% |
CCNR | ALPS CoreCommodity Natural Resources ETF | 24.4% | -11 bp | +1.1% |
NANR | SPDR S&P North American Natural Resources ETF | 21.4% | -15 bp | -2.3% |
DFRA | Donoghue Forlines Yield Enhanced Real Asset ETF | 19.1% | +19 bp | -1.3% |
VEGI | iShares MSCI Agriculture Producers ETF | 18.8% | -11 bp | -0.4% |
FTAG | First Trust Indxx Global Agriculture ETF | 17.7% | +20 bp | -0.5% |
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
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 | --% |
Based on closing prices from 10/4/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
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 Rating
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.
ALTAR Score™
HAP
9.6%
Cat. Avg
4.1%
ALTAR Score™ Calculation
Category Overview
There are 362 funds in the Global Equity category, with an average ALTAR Score™
of 4.1% and a standard deviation of
4.6%. HAP's ALTAR Score™ is approximately
1.2 standard deviations
above
the category average. This places HAP in the 88th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
HAPSELL
U/W
HOLD
O/W
BUY
Expense Analysis
Peer Group | Rules-Based Global Equity ETFs |
# of ETFs | 191 |
Avg. Expense Ratio | 55.4 bp |
Std. Deviation | 17.5 bp |
HAP (50 bp) Percentile rank | 39 |
Peer Group Expense Ratio Distribution
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. | 53.2 | 35.2 | 88.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .