HAP vs PWER

HAPAVanEck Natural Resources ETF

PWERFNomura Energy Transition 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.

PWER A clean-energy fund that owns the gritty stuff on purpose: Nomura's manager pairs transition enablers with "responsible producers" (traditional energy and materials firms cutting emissions). Active, no index, 0.79% with no fee waiver.

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.

PWER The Fund seeks long-term capital growth through an actively managed portfolio of companies supporting the transition to cleaner, lower-carbon energy. It emphasizes transition enablers and responsible producers selected through environmental and fundamental analysis.

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.

• PWER Big tent. Alongside electrification and renewables names it can hold traditional energy and materials producers that pure clean-energy screens typically exclude, if they are cutting, displacing or sequestering emissions.sec.gov
• No index to hug. The manager selects across energy, materials, industrials, renewables and utilities using environmental and fundamental analysis, and can reshuffle as the transition story changes.sec.gov
• Global reach with a North American center of gravity, and a prospectus rule that at least 80% of assets meet its stated energy-transition criteria.sec.gov

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.

• PWER Costs 0.79% with no fee waiver, above the category median. Index-built resource funds such as NANR (0.35%) and IGE (0.37%) deliver the broad version far cheaper.
• Small and thinly traded, so spreads can run wider and fills lumpier than in the category's heavyweights.
• Everything rides on one team's judgment of who qualifies as a transition enabler, and the fund has only traded since 2023, a short track record to read.sec.gov

Full HAP profile⁠

Full PWER profile⁠