HAP vs NRES

HAPAVanEck Natural Resources ETF

NRESCXtrackers RREEF Global Natural Resources ETF

In short

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.

NRES DWS's first US active ETF, and it swings at the unglamorous stuff: a global, go-anywhere basket of miners, drillers, growers and forestry names hand-picked by the firm's real assets desk, priced at 0.45% a year.

Stated mandate

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.

NRES The fund seeks total return through capital appreciation and current income. It is actively managed and does not seek to replicate a specific index.

Why people hold it

• 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.

• NRES Charges 0.45% a year, below the typical active equity ETF fee in its peer group, for a portfolio that is genuinely hand-picked rather than index-tracked.
• Casts a wide net across metals, energy, agriculture and paper and forestry, in developed and emerging markets, up and down the market-cap scale.etfstrategy.com
• Two-handed mandate: total return from capital appreciation and current income, with cash paid quarterly. The income leg is written into the objective, not bolted on.
• DWS's Liquid Real Assets team sets the subsector mix, and the portfolio managers pick the individual names within it. A clear division of labor, not a black box.etftrends.com

Worth knowing

• 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.

• NRES Thinly traded with a small asset base, so bid-ask spreads tend to be wider and less predictable than in the big index funds sitting next to it.
• Concentrated and non-diversified: roughly 60 holdings in sectors that ride the commodity price cycle, which means bumpier moves than a broad global equity fund.yahoo.com
• Launched in 2024, so the live track record for this manager and this strategy is still short.

Full HAP profile⁠

Full NRES profile⁠