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
$ 317.3 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 | 5.0 % |
| EXXON MOBIL CORP | 4.9 % |
| CHEVRON CORP | 4.8 % |
| NEXTERA ENERGY GROUP | 4.1 % |
| IBERDROLA SA | 4.0 % |
| BAYER AG | 3.1 % |
| CORTEVA INC | 2.8 % |
| BHP BILLITON LTD-SPON ADR | 2.6 % |
| NUTRIEN LTD. | 2.4 % |
| SHELL PLC-ADR | 2.2 % |
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. | 89.6% |
| Emerging mkts. | 8.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 47.7 % |
 |
CANADA | 15.2 % |
 |
BRITAIN | 5.2 % |
 |
SPAIN | 4.3 % |
 |
AUSTRALIA | 4.2 % |
 |
GERMANY | 3.1 % |
 |
BRAZIL | 2.2 % |
 |
SOUTH AFRICA | 2.2 % |
 |
NORWAY | 1.9 % |
 |
JAPAN | 1.8 % |
Historical Performance
Standardized Performance (as of 03/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 20.5% | 45.5% | 19.3% | 13.7% | 10.1% | 9.8% | -- | 3.9% |
| Dividend Yield | 0.0% | 3.3% | 3.0% | 3.2% | 3.1% | 2.9% | -- | 2.4% |
| Total Returns | 20.5% | 48.8% | 22.2% | 16.8% | 13.2% | 12.6% | -- | 6.2% | Ann. Volatility | 21.0% | 19.0% | 16.7% | 16.1% | 18.3% | 19.8% | -- | 24.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.67 | 45% |
| MSCI EAFE | 0.82 | 58% |
| MSCI Emg Mkts | 0.67 | 51% |
Liquidity Measures
| Avg. volume (000) | 36 |
| ADV traded (mns) | $3 |
| Turnover | 0.8% |
| Avg. Bid/Ask (% of price) | 0.19% |
Technical Indicators
| 30d moving avg. (EMA) | $71.49 |
| Relative strength (RSI) | 62 |
| MACD/Signal | 0.76/0.50 |
| Bollinger Bands (Upper/Lower) | $74.35/$68.35 |
| 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 | 36.1% | -10 bp | +1.5% |
| GUNR | FlexShares Morningstar Global Upstream Natural Resources Ind | 35.5% | -4 bp | +0.8% |
| IGE | iShares North American Natural Resources ETF | 33.6% | -9 bp | -0.5% |
| NANR | SPDR S&P North American Natural Resources ETF | 29.5% | -15 bp | -0.2% |
| FTWO | Strive FAANG 2.0 ETF | 27.9% | -1 bp | -2.4% |
| MOO | VanEck Agribusiness ETF | 24.2% | +3 bp | +1.8% |
| AVIE | Avantis Inflation Focused Equity ETF | 22.8% | -25 bp | +0.2% |
| CCNR | ALPS CoreCommodity Natural Resources ETF | 20.0% | -11 bp | +1.3% |
| LVDS | JPMorgan Fundamental Data Science Large Value ETF | 18.6% | -1 bp | -0.6% |
| IYE | iShares U.S. Energy ETF | 18.2% | -10 bp | +0.7% |
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 4/14/2026
Peer Group Comparison Sample data. Subscribe for access.
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
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
6.3%
ALTAR SCORE™
76th
PERCENTILE
OVERWEIGHT
ETFRC RATING
There are 581 funds in the Global Equity category with an average
ALTAR Score™ of 4.4% and a standard deviation
of 2.7%. HAP's ALTAR Score™ is approximately 0.7 standard
deviations above the category average. This places HAP in the 76th percentile
among funds in the category.
Sell-Side Consensus
$78.4
PRICE TARGET
+6.2%
UPSIDE