FTRI vs HAP: Grades, Fees and Holdings Compared

First Trust Indxx Global Natural Resources Income ETF

FTRIDNasdaq

VanEck Natural Resources ETF

HAPBNYSE Arca

Overlap

8.0%by weight

Expense ratio

HAP −0.29pt a year

FTRI0.70%HAP0.41%

Avg volume · 30D

FTRI 1.1×the volume

FTRI30.7KHAP27.8K

10Y return · a year

HAP +1.9pt

FTRI+9.9%HAP+11.8%

FTRI vs HAP Performance

Nov 3, 2021 – Nov 3, 2026

+63.5%FTRI+74.9%HAP

Expense ratio: FTRI 0.70%; HAP 0.41%, better
Fund size: FTRI $114M; HAP $321M
1Y total return: FTRI +15.0%; HAP +31.2%, better
Yield (12M): FTRI 2.13%, better; HAP 1.86%
Holdings: FTRI 56; HAP 130
Avg volume (30D): FTRI 30.7K sh, better; HAP 27.8K sh
NAV per share: FTRI $16.80; HAP $73.06
52W range

ETF.net Grade

Pillar letters and Scores for FTRI, HAP, with each pillar’s weight
Pillar	FTRI	HAP
Cost30% weight	F16	B68Higher
Mission25% weight	Not scored	Not scored
Risk15% weight	D36	A76Higher
Tradability15% weight	D38	B64Higher
Holdings10% weight	D29	A74Higher
Durability5% weight	B63Higher	B60

Rank among Natural Resources funds

How we build Categories ›

Same Category. FTRI and HAP are both graded against the same 14 Natural Resources funds, so their Grades compare head to head.

Natural Resources⁠

Category · 14 funds

See all 14 ›

HAP ranks 4th and FTRI 12th of 14 funds in the Natural Resources Category.

Rank 1AGNRState Street SPDR S&P Global Natural Resources ETFScore 76
Rank 2AIGEiShares North American Natural Resources ETFScore 75
Rank 2ANANRState Street SPDR S&P North American Natural Resources ETFScore 75
Rank 4BHAPVanEck Natural Resources ETFScore 69
Rank 5BCCNRALPS Funds CoreCommodity Natural Resources ETFScore 63
Rank 11DMGNRAmerican Beacon GLG Natural Resources ETFScore 30
Rank 12DFTRIFirst Trust Indxx Global Natural Resources Income ETFScore 29
Rank 13FPWERNomura Energy Transition ETFScore 18
MLPINot yet graded

Our read on each fund

ETF.net Research

FTRIDFirst Trust Indxx Global Natural Resources Income ETF

HAPBVanEck Natural Resources ETF

In short

FTRI Plenty of natural resources funds just own the biggest miners and drillers. FTRI's index is built around income from resource companies worldwide, roughly 60 of them, and it distributes quarterly. Trading since 2010.

HAP Metals, 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

FTRI The Fund seeks to track, before fees and expenses, the price and yield performance of the Indxx Global Natural Resources Income Index.

HAP 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

FTRI Income sits in the mandate, not off to the side: it tracks the Indxx Global Natural Resources Income Index and pays on a quarterly schedule.ftportfolios.com
Genuinely global reach. Two of the category's best-known funds, IGE and NANR, stop at North America.ftportfolios.com
Live since 2010, so the strategy has traded through a full commodity cycle instead of launching into one.

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

Worth knowing

FTRI At 0.70% a year it costs roughly double the category's index anchors, such as GNR at 0.40% and IGE at 0.37%.
Thinly traded next to the category's giants, so spreads can widen and limit orders carry more weight.
An income-tilted basket of about 60 resource names leans on payouts that rise and fall with commodity prices, and it sits behind the cheaper, busier funds in the group.

HAP No 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.
Thinly traded for its size, so spreads can run wider than in the category's busiest names.
Cash arrives once or twice a year, not quarterly or monthly.

Full FTRI profile⁠

Full HAP profile⁠

FTRI vs HAP Holdings

How FTRI and HAP differ

Overlap by weight

8.0%

Shared holdings make up 39.6% of FTRI and 8.0% of HAP.

Level by level

Holdings13 in both8.0%
Countryby domicile63.3%
Sector10 Sectors69.9%
Asset classEquity100%

Sector

Sector weights in FTRI and HAP, widest gap first
Sector	Gap	FTRI	HAP
Utilities	FTRI +16.0 points	25.1%	9.1%
Energy	HAP +13.5 points	21.0%	34.5%
Materials	FTRI +12.4 points	44.5%	32.1%
Industrials	HAP +6.5 points	4.3%	10.8%
Health Care	HAP +3.6 points	0.0%	3.6%
Consumer Staples	HAP +3.3 points	2.7%	6.0%
Financials	HAP +2.4 points	0.0%	2.4%
Real Estate	FTRI +1.8 points	2.3%	0.5%
Technology	HAP +0.8 points	0.0%	0.8%
Consumer Discretionary	Same weight	0.2%	0.2%

Country, concentration and asset class

Country by domicile

Country weights in FTRI and HAP, widest gap first
Country	Gap	FTRI	HAP
United States	HAP +23.3 points	27.1%	50.4%
France	FTRI +13.8 points	15.8%	2.0%
South Africa	FTRI +5.6 points	6.6%	1.0%
Spain	HAP +4.9 points	0.0%	4.9%
China	FTRI +4.1 points	4.4%	0.3%
Canada	FTRI +4.0 points	18.2%	14.2%
Germany	FTRI +3.8 points	7.4%	3.6%
Thailand	FTRI +2.6 points	2.6%	0.0%
Other countries (19)	HAP +5.7 points	17.9%	23.6%

Outside the US: FTRI 78% developed, 22% emerging. HAP 89% developed, 11% emerging.

Concentration

Weight in the 10 largest Holdings

FTRI58.5%
HAP38.4%

Securities held

FTRI50
HAP124

Asset class

FTRI: Equity
HAP: Equity

Holdings

Only in FTRI37
In both13
Only in HAP111

Only in FTRI

37 securities, 60.0% of FTRI by weight

TotalEnergies SE11.19%
E.on SE7.29%
American Water Works Company, Inc.4.65%
Veolia Environnement S.A.4.31%
Zijin Mining Group Company Limited (Class H)3.20%
Whitecap Resources Inc.2.52%
PTT Pcl2.45%
Origin Energy Limited2.35%
United Utilities Group Plc2.31%
Essential Utilities, Inc.2.00%
Aker BP ASA1.96%
Severn Trent Plc1.81%
Endeavour Mining Plc1.73%
The AES Corporation1.68%
Svenska Cellulosa AB SCA (Class B)1.11%
Dubai Electricity and Water Authority PJSC1.06%
Black Hills Corporation1.00%
Perseus Mining Limited0.85%
Compania de Minas Buenaventura S.A.A. (ADR)0.77%
OMV Petrom SA0.65%
Peyto Exploration & Development Corp.0.56%
Aluminum Corporation of China Limited (Class H)0.53%
Jiangxi Copper Company Ltd. (Class H)0.49%
California Water Service Group0.48%
Mercury NZ Limited0.42%
Northern Oil and Gas, Inc.0.42%
H2O America0.38%
Delek Group Ltd.0.37%
Select Water Solutions, Inc. (Class A)0.34%
Rengo Co., Ltd.0.24%
PT ANTAM Persero Tbk0.19%
Sylvamo Corporation0.17%
First Resources Limited0.13%
Sakata Seed Corporation0.12%
Nittetsu Mining Co., Ltd.0.12%
Bumitama Agri Ltd.0.05%
Delek Yizum Nechasim Ltd0.03%

Only in HAP

111 securities, 91.9% of HAP by weight

Exxon Mobil Corp5.83%
Chevron Corp5.67%
Deere & Co5.25%
Iberdrola Sa4.39%
Bayer Ag3.76%
Nextera Energy Inc3.66%
Bhp Group Ltd2.77%
Shell Plc2.49%
Vylor Inc2.38%
Totalenergies Se1.94%
Archer-Daniels-Midland Co1.74%
Newmont Corp1.63%
Agnico Eagle Mines Ltd1.59%
Rio Tinto Plc1.49%
Freeport-Mcmoran Inc1.37%
Conocophillips1.34%
Bloom Energy Corp1.31%
Kubota Corp1.26%
Bp Plc1.09%
Enbridge Inc1.00%
Tyson Foods Inc0.98%
Anglo American Plc0.96%
Marathon Petroleum Corp0.88%
Mowi Asa0.87%
Suncor Energy Inc0.84%
Canadian Natural Resources Ltd0.83%
Phillips 660.81%
Valero Energy Corp0.80%
Vestas Wind Systems A/S0.79%
Reliance Industries Ltd0.79%
Wheaton Precious Metals Corp0.79%
Nucor Corp0.78%
Toro Co/The0.74%
Grupo Mexico Sab De Cv0.73%
Franco-Nevada Corp0.71%
Vale Sa0.69%
Cnh Industrial Nv0.68%
Williams Cos Inc/The0.66%
Eni Spa0.63%
Darling Ingredients Inc0.62%
Cameco Corp0.62%
Yara International Asa0.61%
Teck Resources Ltd0.60%
Wilmar International Ltd0.58%
Schlumberger Nv0.58%
Cheniere Energy Inc0.56%
Steel Dynamics Inc0.55%
Tc Energy Corp0.54%
Ingredion Inc0.54%
Arcelormittal Sa0.53%

Weight gaps

All 13 Holdings in both funds, largest gap first.

Holding weights in FTRI and HAP, widest gap first
Holding	Gap	FTRI	HAP
Barrick Mining CorporationB	FTRI +8.14 points	9.31%	1.17%
AngloGold Ashanti plcAU	FTRI +5.86 points	6.48%	0.62%
Gold Fields Limited (ADR)GFI	FTRI +4.41 points	4.87%	0.46%
Nutrien Ltd.NTR	FTRI +2.12 points	4.32%	2.20%
Weyerhaeuser CompanyWY	FTRI +2.05 points	2.42%	0.37%
CF Industries Holdings, Inc.CF	FTRI +1.76 points	2.88%	1.12%
Bunge Global S.A.BG	FTRI +1.69 points	2.38%	0.69%
Sumitomo Metal Mining Co., Ltd.	FTRI +1.62 points	1.87%	0.25%
Harmony Gold Mining Company Limited (ADR)HMY	FTRI +1.41 points	1.54%	0.13%
Lundin Gold Inc.	FTRI +0.79 points	0.96%	0.17%
Fresnillo PlcFRES.L	FTRI +0.72 points	0.87%	0.15%
UFP Industries Inc.UFPI	FTRI +0.52 points	0.71%	0.19%
The Mosaic CompanyMOS	FTRI +0.51 points	0.96%	0.45%

All 50 FTRI holdings⁠All 146 HAP holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

FTRI vs HAP Cost

Overpaying FTRI vs HAP

$5,325

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

FTRI 0.70%
$13,606
HAP 0.41%
$8,281

Amount$10,000

Years30 years

Cost over time

FTRI 0.70%
HAP 0.41%
Overpaying

Year by year

Year	FTRI	HAP	Overpaying
10	$1,250	$741	$509
20	$4,760	$2,860	$1,900
30	$13,606	$8,281	$5,325

Expense ratio

0.70%FTRI
0.41%HAP, cheaper

HAP0.41%FTRI0.70%

0.35%0.79%

Middle half of Natural Resources funds
Median 0.46%

HAP 5th cheapest of 14 funds

FTRI 12th cheapest of 14 funds

FTRI vs HAP Dividends

Last 12 months to Nov 3, 2026

Yield (12M): FTRI 2.13%, better; HAP 1.86%
Payout (12M): FTRI $0.35; HAP $1.36
Last payment: FTRI $0.08; HAP $1.36
Ex-dividend: FTRI Sep 24, 2026; HAP Dec 22, 2025
Paid on: FTRI Sep 30, 2026; HAP Dec 26, 2025
Frequency: FTRI Quarterly; HAP Annual

Distribution history

Per share, 2017 to 2026, same scale for both

FTRIQuarterly · 39 paymentsAll FTRI payments⁠

HAPAnnual · 9 paymentsAll HAP payments⁠

FTRI vs HAP Risk

Fall from peak · 5 years

FTRI
HAP

Risk facts

VolatilityStd dev, 3 years: FTRI 17.3%HAP 15.1%, better
Return per unit of riskSharpe ratio, 3 years: FTRI 0.62HAP 0.98, better
Worst fallMax drawdown, 5 years: FTRI −27.5%HAP −25.7%, better
Market sensitivityBeta, 5 years: FTRI 0.51HAP 0.60; Market = 1

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