FTS.TO vs. HAP

Last updated Jun 13, 2026

FTS.TO (Fortis Inc.) is a stock, while HAP (VanEck Natural Resources ETF) is Energy Equities fund tracking the MarketVector Global Natural Resources Index. Over the past 10 years, FTS.TO returned 10.80%/yr vs 12.91%/yr for HAP. At a 0.21 correlation, their price movements are largely independent.

Performance

FTS.TO vs. HAP - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Fortis Inc. (FTS.TO) and VanEck Natural Resources ETF (HAP). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

FTS.TO is traded in CAD, while HAP is traded in USD. To make them comparable, the HAP values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, FTS.TO achieves a 13.43% return, which is significantly lower than HAP's 20.84% return. Over the past 10 years, FTS.TO has underperformed HAP with an annualized return of 10.80%, while HAP has yielded a comparatively higher 12.91% annualized return.

FTS.TO

• 1D: 0.99%
• 1M: 5.79%
• YTD: 13.43%
• 6M: 15.37%
• 1Y: 25.87%
• 3Y*: 16.29%
• 5Y*: 11.27%
• 10Y*: 10.80%

HAP

• 1D: 1.39%
• 1M: -0.45%
• YTD: 20.84%
• 6M: 20.95%
• 1Y: 42.22%
• 3Y*: 18.80%
• 5Y*: 14.48%
• 10Y*: 12.91%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FTS.TO vs. HAP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FTS.TO Fortis Inc.	13.43%	23.93%	14.24%	4.76%	-7.87%	21.81%	0.04%	22.71%	2.74%	15.29%
HAP VanEck Natural Resources ETF	20.84%	28.75%	4.04%	0.03%	14.67%	24.98%	3.77%	13.71%	-3.17%	9.19%

Correlation

The correlation between FTS.TO and HAP is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.15
Correlation (5Y) Calculated over the trailing 5-year period	0.09
Correlation (10Y) Calculated over the trailing 10-year period	0.12
Correlation (All Time) Calculated using the full available price history since Sep 3, 2008	0.21

The correlation between FTS.TO and HAP shifts across timeframes, from -0.01 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FTS.TO vs. HAP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FTS.TO

FTS.TO Risk / Return Rank: 89
FTS.TO Sharpe Ratio Rank: 89
FTS.TO Sortino Ratio Rank: 89
FTS.TO Omega Ratio Rank: 87
FTS.TO Calmar Ratio Rank: 90
FTS.TO Martin Ratio Rank: 89

HAP

HAP Risk / Return Rank: 87
HAP Sharpe Ratio Rank: 88
HAP Sortino Ratio Rank: 84
HAP Omega Ratio Rank: 86
HAP Calmar Ratio Rank: 89
HAP Martin Ratio Rank: 90

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FTS.TO vs. HAP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fortis Inc. (FTS.TO) and VanEck Natural Resources ETF (HAP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	FTS.TO	HAP	Difference
Sharpe ratio: Return per unit of total volatility	2.01	2.68	-0.67
Sortino ratio: Return per unit of downside risk	2.89	3.47	-0.59
Omega ratio: Gain probability vs. loss probability	1.36	1.47	-0.11
Calmar ratio: Return relative to maximum drawdown	4.33	5.41	-1.08
Martin ratio: Return relative to average drawdown	10.47	20.72	-10.25

FTS.TO vs. HAP - Sharpe Ratio Comparison

The current FTS.TO Sharpe Ratio is 2.01, which is comparable to the HAP Sharpe Ratio of 2.68. The chart below compares the historical Sharpe Ratios of FTS.TO and HAP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FTS.TO vs. HAP - Drawdown Comparison

The maximum FTS.TO drawdown since its inception was -28.27%, smaller than the maximum HAP drawdown of -40.28%. Use the drawdown chart below to compare losses from any high point for FTS.TO and HAP.

Drawdown Indicators

	FTS.TO	HAP	Difference
Max Drawdown Largest peak-to-trough decline	-28.27%	-40.28%	+12.01%
Max Drawdown (1Y) Largest decline over 1 year	-6.09%	-7.85%	+1.76%
Max Drawdown (3Y) Largest decline over 3 years	-10.97%	-14.67%	+3.70%
Max Drawdown (5Y) Largest decline over 5 years	-24.01%	-22.99%	-1.02%
Max Drawdown (10Y) Largest decline over 10 years	-28.27%	-38.93%	+10.66%
Current Drawdown Current decline from peak	0.00%	-2.79%	+2.79%
Average Drawdown Average peak-to-trough decline	-5.71%	-7.79%	+2.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.51%	2.05%	+0.46%

Volatility

FTS.TO vs. HAP - Volatility Comparison

The current volatility for Fortis Inc. (FTS.TO) is 4.96%, while VanEck Natural Resources ETF (HAP) has a volatility of 5.41%. This indicates that FTS.TO experiences smaller price fluctuations and is considered to be less risky than HAP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTS.TO	HAP	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.96%	5.41%	-0.45%
Volatility (6M) Calculated over the trailing 6-month period	10.44%	13.25%	-2.81%
Volatility (1Y) Calculated over the trailing 1-year period	13.12%	15.87%	-2.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.45%	19.12%	-4.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.86%	20.59%	-3.73%

Dividends

FTS.TO vs. HAP - Dividend Comparison

FTS.TO's dividend yield for the trailing twelve months is around 3.18%, more than HAP's 1.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTS.TO Fortis Inc.	3.18%	3.48%	3.99%	4.19%	4.01%	3.36%	3.73%	3.39%	3.79%	3.52%	3.68%	3.73%
HAP VanEck Natural Resources ETF	1.91%	2.27%	2.65%	3.27%	3.28%	2.16%	2.45%	2.80%	2.85%	2.02%	1.99%	3.00%

Frequently Asked Questions

Can I hold both FTS.TO and HAP in my portfolio?

FTS.TO and HAP have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.