FTXN vs. HAP

Last updated Aug 6, 2026

FTXN (First Trust Nasdaq Oil & Gas ETF) and HAP (VanEck Natural Resources ETF) are both Energy Equities funds - FTXN tracks the Nasdaq U.S. Smart Oil & Gas Index while HAP tracks the MarketVector Global Natural Resources Index. Both are passively managed. Over the past 5 years, FTXN returned 19.98%/yr vs 12.59%/yr for HAP. Their 0.69 correlation means they have sometimes moved together and sometimes differently. FTXN charges 0.60%/yr vs 0.41%/yr for HAP.

Performance

FTXN vs. HAP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Nasdaq Oil & Gas ETF (FTXN) and VanEck Natural Resources ETF (HAP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTXN achieves a 28.95% return, which is significantly higher than HAP's 19.81% return.

FTXN

• 1D: -2.67%
• 1M: 7.00%
• 6M: 11.17%
• YTD: 28.95%
• 1Y: 33.02%
• 3Y*: 9.93%
• 5Y*: 19.98%
• 10Y*: —
• ALL TIME*: 8.41%

HAP

• 1D: 0.58%
• 1M: 3.85%
• 6M: 3.60%
• YTD: 19.81%
• 1Y: 38.73%
• 3Y*: 16.02%
• 5Y*: 12.59%
• 10Y*: 11.49%
• ALL TIME*: 5.99%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FTXN First Trust Nasdaq Oil & Gas ETF	$2.20M	$2.46M	$45.63M
HAP VanEck Natural Resources ETF	$2.35M	$3.31M	$2.50M

FTXN vs. HAP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FTXN First Trust Nasdaq Oil & Gas ETF	28.95%	-0.17%	4.06%	4.91%	47.45%	69.21%	-28.10%	3.20%	-20.99%	-2.29%
HAP VanEck Natural Resources ETF	19.81%	34.91%	-4.08%	2.46%	7.84%	25.04%	6.30%	18.60%	-10.68%	17.12%

Correlation

The correlation between FTXN and HAP is 0.39, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.39
Correlation (3Y) Balances recent behavior with more history.	0.58
Correlation (5Y) Shows whether the relationship held over a longer period.	0.70
Correlation (All Time) Calculated using the full available price history since Sep 23, 2016	0.69

Over the past year, the correlation between FTXN and HAP has dropped to 0.39 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.

FTXN vs. HAP - Sectors Allocation Comparison

Sectors	FTXN	HAP
Energy	100.0%	28.7%
Industrials	2.3%	11.6%
Basic Materials	-	38.2%
Communication Services	-	-
Consumer Cyclical	-	0.2%
Consumer Defensive	-	6.3%
Financial Services	-	-
Healthcare	-	3.8%
Real Estate	-	0.4%
Technology	-	1.0%
Utilities	-	9.8%

Return for Risk

FTXN vs. HAP — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FTXN

FTXN Risk / Return Rank: 46
FTXN Sharpe Ratio Rank: 49
FTXN Sortino Ratio Rank: 46
FTXN Omega Ratio Rank: 44
FTXN Calmar Ratio Rank: 49
FTXN Martin Ratio Rank: 41

HAP

HAP Risk / Return Rank: 88
HAP Sharpe Ratio Rank: 91
HAP Sortino Ratio Rank: 87
HAP Omega Ratio Rank: 89
HAP Calmar Ratio Rank: 90
HAP Martin Ratio Rank: 81

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FTXN vs. HAP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Nasdaq Oil & Gas ETF (FTXN) 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.

	FTXN	HAP	Difference
Sharpe ratio: Return per unit of total volatility	1.41	2.48	-1.07
Sortino ratio: Return per unit of downside risk	1.90	3.21	-1.31
Omega ratio: Gain probability vs. loss probability	1.23	1.44	-0.21
Calmar ratio: Return relative to maximum drawdown	2.02	4.28	-2.26
Martin ratio: Return relative to average drawdown	5.07	11.99	-6.93

FTXN vs. HAP - Sharpe Ratio Comparison

The current FTXN Sharpe Ratio is 1.41, which is lower than the HAP Sharpe Ratio of 2.48. The chart below compares the historical Sharpe Ratios of FTXN 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

FTXN vs. HAP - Drawdown Comparison

The maximum FTXN drawdown since its inception was -73.49%, which is greater than HAP's maximum drawdown of -50.99%. Use the drawdown chart below to compare losses from any high point for FTXN and HAP.

Drawdown Indicators

	FTXN	HAP	Difference
Max Drawdown Largest peak-to-trough decline	-73.49%	-50.99%	-22.50%
Max Drawdown (1Y) Largest decline over 1 year	-16.42%	-9.09%	-7.33%
Max Drawdown (3Y) Largest decline over 3 years	-26.96%	-16.92%	-10.04%
Max Drawdown (5Y) Largest decline over 5 years	-29.97%	-25.66%	-4.31%
Max Drawdown (10Y) Largest decline over 10 years	—	-44.07%	—
Current Drawdown Current decline from peak	-10.00%	-3.31%	-6.69%
Average Drawdown Average peak-to-trough decline	-19.08%	-12.02%	-7.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.54%	3.24%	+3.30%

Volatility

FTXN vs. HAP - Volatility Comparison

First Trust Nasdaq Oil & Gas ETF (FTXN) has a higher volatility of 7.70% compared to VanEck Natural Resources ETF (HAP) at 3.99%. This indicates that FTXN's price experiences larger fluctuations and is considered to be riskier than HAP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTXN	HAP	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.70%	3.99%	+3.71%
Volatility (6M) Calculated over the trailing 6-month period	18.62%	12.31%	+6.31%
Volatility (1Y) Calculated over the trailing 1-year period	23.58%	15.71%	+7.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.44%	18.21%	+11.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.70%	19.67%	+12.03%

FTXN vs. HAP - Expense Ratio Comparison

FTXN has a 0.60% expense ratio, which is higher than HAP's 0.41% expense ratio.

Dividends

FTXN vs. HAP - Dividend Comparison

FTXN's dividend yield for the trailing twelve months is around 1.82%, less than HAP's 1.89% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTXN First Trust Nasdaq Oil & Gas ETF	1.82%	2.83%	2.51%	3.41%	2.26%	1.04%	1.76%	2.72%	2.16%	1.78%	0.20%	0.00%
HAP VanEck Natural Resources ETF	1.89%	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 FTXN and HAP in my portfolio?

FTXN and HAP have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FTXN or HAP?

FTXN has higher volatility (7.70%) compared to HAP (3.99%). In terms of maximum drawdown, FTXN dropped -73.49% vs HAP's -50.99%.

Which ETF is better, FTXN or HAP?

On 5-year performance, FTXN leads with 19.98% vs 12.59% for HAP. On fees, HAP is cheaper at 0.41% per year. On volatility, HAP has been the lower-risk option at 3.99%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FTXN or HAP?

Over the 5-year period, FTXN has performed better with a 19.98% return vs 12.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FTXN or HAP?

HAP is cheaper with a 0.41% expense ratio, compared with 0.60% for FTXN.

Which ETF pays a higher dividend yield, FTXN or HAP?

HAP has the higher dividend yield at 1.89%, compared with 1.82% for FTXN.

What is the main difference between FTXN and HAP?

FTXN tracks Nasdaq U.S. Smart Oil & Gas Index, while HAP tracks MarketVector Global Natural Resources Index. They also come from different issuers: First Trust and VanEck. Their fees differ too: 0.60% for FTXN and 0.41% for HAP.

Which has better risk-adjusted returns?

HAP currently has the higher Sharpe Ratio (2.48 vs 1.41), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.