- ISIN
- US92189F8418
- CUSIP
- 92189F841
- Issuer
- VanEck
- Inception Date
- Aug 29, 2008
- Region
- Developed Markets (Broad)
- Category
- Energy Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- MarketVector Global Natural Resources Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
- Assets Under Management
- $321M
Share Price Chart
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Performance
HAP Performance Chart
VanEck Natural Resources ETF (HAP) is up 15.9% since the beginning of the year. HAP is currently trading at $70 per share. Investors who bought $1,000 worth of HAP shares 5 years ago would now be looking at an investment worth $1,733.
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Returns By Period
VanEck Natural Resources ETF (HAP) has returned 15.91% so far this year and 36.73% over the past 12 months. Over the last ten years, HAP has returned 11.78% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
VanEck Natural Resources ETF
- 1D
- 0.23%
- 1M
- -3.69%
- YTD
- 15.91%
- 6M
- 15.93%
- 1Y
- 36.73%
- 3Y*
- 17.20%
- 5Y*
- 11.62%
- 10Y*
- 11.78%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
HAP Monthly Returns History
Based on dividend-adjusted daily data since Sep 3, 2008, HAP's average daily return is +0.03%, while the average monthly return is +0.65%. At this rate, an investment would double in approximately 8.9 years.
Historically, 57% of months were positive and 43% were negative. The best month was May 2009 with a return of +17.7%, while the worst month was Oct 2008 at -25.2%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, HAP closed higher 53% of trading days. The best single day was Oct 29, 2008 with a return of +13.1%, while the worst single day was Mar 12, 2020 at -12.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 11.86% | 10.22% | -2.27% | 1.45% | -2.07% | -3.18% | 15.91% | ||||||
| 2025 | 4.99% | 0.79% | 3.24% | -2.93% | 3.88% | 3.43% | 0.85% | 5.78% | 3.00% | 0.44% | 4.29% | 2.87% | 34.91% |
| 2024 | -3.92% | 0.79% | 7.74% | -0.42% | 3.36% | -4.64% | 2.50% | 0.17% | 2.71% | -3.93% | 0.67% | -8.17% | -4.08% |
| 2023 | 5.90% | -5.45% | 0.05% | 0.25% | -8.49% | 6.46% | 6.24% | -2.62% | -1.49% | -4.36% | 3.24% | 4.06% | 2.46% |
| 2022 | 2.88% | 4.44% | 8.31% | -5.63% | 2.87% | -14.91% | 5.35% | -0.13% | -9.23% | 11.55% | 9.37% | -3.71% | 7.84% |
| 2021 | 1.63% | 10.17% | 3.68% | 2.72% | 3.40% | -2.91% | -0.98% | 0.78% | -1.30% | 5.28% | -3.95% | 4.88% | 25.04% |
Benchmark Metrics
VanEck Natural Resources ETF has an annualized alpha of -2.93%, beta of 0.97, and R2 of 0.64 versus S&P 500 Index. Calculated based on daily prices since September 03, 2008.
- This ETF participated in 105.27% of S&P 500 Index downside but only 86.15% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -2.93% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 0.97 and R2 of 0.64, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -2.93%
- Beta
- 0.97
- R²
- 0.64
- Upside Capture
- 86.15%
- Downside Capture
- 105.27%
Expense Ratio
HAP has an expense ratio of 0.42%, placing it in the medium range.
Return for Risk
Risk / Return Rank
HAP ranks 78 for risk / return — better than 78% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for VanEck Natural Resources ETF (HAP) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HAP | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.37 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 4.44 | 2.78 | +1.66 |
| Martin ratioReturn relative to average drawdown | 15.74 | 12.44 | +3.30 |
Dividends
Dividend History
VanEck Natural Resources ETF provided a 1.96% dividend yield over the last twelve months, with an annual payout of $1.36 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.36 | $1.36 | $1.21 | $1.60 | $1.61 | $1.02 | $0.94 | $1.04 | $0.92 | $0.75 | $0.64 | $0.79 |
Dividend yield | 1.96% | 2.27% | 2.65% | 3.27% | 3.28% | 2.16% | 2.45% | 2.80% | 2.85% | 2.02% | 1.99% | 3.00% |
Monthly Dividends
The table displays the monthly dividend distributions for VanEck Natural Resources ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.36 | $1.36 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.21 | $1.21 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.60 | $1.60 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.61 | $1.61 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.02 | $1.02 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the VanEck Natural Resources ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the VanEck Natural Resources ETF was 50.99%, occurring on Nov 20, 2008. Recovery took 492 trading sessions.
The current VanEck Natural Resources ETF drawdown is 6.46%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -50.99%Nov 2008 | 2mo 18d | 1y 11mo | 2y 2moSep 2008 - Nov 2010 |
COVID crash2020 | -44.07%Mar 2020 | 2y 1mo | 8mo 11d | 2y 10moJan 2018 - Nov 2020 |
2016 bear market2016 | -40.59%Jan 2016 | 1y 6mo | 1y 11mo | 3y 6moJul 2014 - Jan 2018 |
2011 bear market2011 | -30.48%Oct 2011 | 6mo | 2y 8mo | 3y 2moApr 2011 - Jun 2014 |
Bear market2022 | -25.66%Sep 2022 | 5mo 8d | 2y 8mo | 3y 1moApr 2022 - Jun 2025 |
Drawdown Indicators
| HAP | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.99% | -56.78% | +5.79% |
Max Drawdown (1Y)Largest decline over 1 year | -8.31% | -9.10% | +0.79% |
Max Drawdown (3Y)Largest decline over 3 years | -16.92% | -18.90% | +1.98% |
Max Drawdown (5Y)Largest decline over 5 years | -25.66% | -25.43% | -0.23% |
Max Drawdown (10Y)Largest decline over 10 years | -44.07% | -33.92% | -10.15% |
Current DrawdownCurrent decline from peak | -6.46% | -1.80% | -4.66% |
Average DrawdownAverage peak-to-trough decline | -12.06% | -10.71% | -1.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.34% | 2.03% | +0.31% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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