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HAP

GradeBNew York Stock Exchange Arca

VanEck Natural Resources ETF

Sectors · VanEck · Inception 2008-08-29 · SEC filings

$75.49−0.55 (−0.72%)

As of Sep 23, 2026, 2:20 PM EDT

Intraday session: down, 52 prints from 76.04 to 75.49. Range 75.35 to 75.55. Use the arrow keys to read each point.$75.35$75.40$75.45$75.5510 AM12 PM2 PM4 PM
Expense ratio
0.41%
Fund size
$332M
1Y return
+38.0%
Yield · Last 12 months
1.79%
Holdings
146
Volume · 30D
0M sh
NAV per share
$75.39
52W range
low $56.04high $79.33

The ETF.net HAP Grade

B

70/ 100

Rank 4 of 14 in Natural Resources⁠

Confidence Medium

Six-pillar profile for HAP. Scores out of 100: Cost 68, Risk 76, Mission not scored, Tradability 65, Holdings 82, Durability 60. Strongest: Holdings (82). Weakest: Durability (60). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 70 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    BScore 68
    Category rank5/14 · top 36%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    AScore 76
    Category rank2/14 · top 14%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 65
    Category rank5/14 · top 36%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 82
    Category rank2/14 · top 14%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 60
    Category rank6/14 · top 43%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on HAP

ETF.net Research

BMetals, energy and farm goods in one global basket. HAP has held hard-asset producers since 2008, spreading across roughly 150 companies worldwide rather than betting on one commodity or one continent.

Stated mandate

The fund seeks to track, before fees and expenses, the price and yield performance of the Market Vector Global Natural Resources Index, which covers global natural-resources companies involved in metals, energy sources, and agricultural products.

Why people hold it

  1. 01Global by mandate, not North America only like IGE or NANR: it holds producers of metals, energy sources and agricultural products around the world.
  2. 02Launched in 2008, so the fund has run through a full commodity boom and bust, not just the last good stretch.
  3. 03About 150 holdings across three resource groups, so no single miner, driller or grain house runs the show.

Worth knowing

  1. 01No price edge: the 0.41% fee lands exactly at the category median, and peers such as NANR (0.35%) and IGE (0.37%) charge less.
  2. 02Thinly traded for its size, so spreads can run wider than in the category's busiest names.
  3. 03Cash arrives once or twice a year, not quarterly or monthly.

HAP Holdings

As of Sep 20, 2026, 6:07 AM
Asset class
Stocks
Holdings
146
Top-10 weight
36%
Largest holding
DE5.5%

Sectors

  • Materials40.8%
  • Energy29.5%
  • Industrials10.3%
  • Utilities8.4%
  • Cons. Staples6.1%
  • Health Care3.6%
  • Technology0.7%
  • Real Estate0.4%
  • Consumer Discr.0.2%

Geography

  • United States47.36%
  • Canada15.25%
  • United Kingdom7.19%
  • Australia4.78%
  • Spain4.08%
  • Germany3.60%
  • Japan2.05%
  • Brazil1.87%
  • Other countries (16)13.82%

Developed 88% · Emerging 12% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 9.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001DEDeere & Co5.49%27,120$19M348
002CVXChevron Corp5.00%80,017$17M468
003XOMExxon Mobil Corp4.86%100,837$16M501
004IBE.MCIberdrola Sa3.71%533,002$13M154
005BAYN.DEBayer Ag3.58%215,420$12M133
006NEENextera Energy Inc3.30%137,518$11M407
007BHPBhp Group Ltd2.93%114,570$10M32
008CTVACorteva Inc2.85%118,378$10M304
009NTRNutrien Ltd2.45%105,225$8M29
010SHELShell Plc2.07%72,958$7M65
011NEMNewmont Corp1.84%49,969$6M428
012AEMAgnico Eagle Mines Ltd1.83%30,805$6M42
013ADMArcher-Daniels-Midland Co1.73%66,323$6M337
014TTETotalenergies Se1.72%63,682$6M49
015RIORio Tinto Plc1.71%58,941$6M49

Showing 1–15 of 127 holdings

HAP Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

HAP$13,803
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. HAP $13,803. SPY $11,723. Use the arrow keys to read each point.$9,154$11,889$14,625Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for HAP. Periods over one year show the average yearly return.
PeriodHAP
Year to date+26.4%
1 month−1.6%
3 months+9.1%
1 year+38.0%
3 years+18.6%per year
5 years+14.1%per year
10 years+12.0%per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for HAP
YearReturn barHAP
2026 YTD+26.4%
2025+34.9%
2024−4.1%
2023+2.4%
2022+7.9%
2021+25.1%
2020+6.3%

HAP in the news

ETF.net Research hasn’t filed on HAP yet — coverage lands here as it’s written.

HAP Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
1.79%Last 12 months
Payout per share
$1.36Last 12 months
Last payment
$1.36 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2017–2026

One bar per payment. 9 payments from 2017 to 2026 YTD. Dec 18, 2017 $0.75; Dec 20, 2018 $0.92; Dec 23, 2019 $1.00; Dec 21, 2020 $0.94; Dec 20, 2021 $1.02; Dec 19, 2022 $1.61; Dec 18, 2023 $1.60; Dec 23, 2024 $1.21; Dec 22, 2025 $1.36. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 22, 2025Dec 26, 2025$1.36
Dec 23, 2024Dec 24, 2024$1.21
Dec 18, 2023Dec 22, 2023$1.60
Dec 19, 2022Dec 23, 2022$1.61
Dec 20, 2021Dec 27, 2021$1.02
Dec 21, 2020Dec 28, 2020$0.94
Dec 23, 2019Dec 30, 2019$1.00
Dec 20, 2018Dec 27, 2018$0.92
Dec 18, 2017Dec 22, 2017$0.75
Dec 19, 2016Dec 23, 2016$0.64
Dec 21, 2015Dec 28, 2015$0.79
Dec 22, 2014Dec 29, 2014$0.85

HAP Risk

How much the fund’s monthly returns vary, scaled to a year.
15.1%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.91
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−25.7%
Trough Sep 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.58
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

HAP Cost

Expense ratio0.41%
  • The middle half of Natural Resources funds
  • Median 0.46%

4 of the 14 Natural Resources funds charge less.

HAP costs $41.00 a year on $10,000. The median Natural Resources fund costs $46.00.