HAP vs. DGRO
Compare and contrast key facts about VanEck Vectors Natural Resources ETF (HAP) and iShares Core Dividend Growth ETF (DGRO).
HAP and DGRO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HAP is a passively managed fund by VanEck that tracks the performance of the Van Eck Hard Assets Producers Index. It was launched on Aug 29, 2008. DGRO is a passively managed fund by iShares that tracks the performance of the Morningstar US Dividend Growth Index. It was launched on Jun 10, 2014. Both HAP and DGRO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HAP or DGRO.
Key characteristics
| HAP | DGRO | |
|---|---|---|
| YTD Return | 2.85% | 20.38% |
| 1Y Return | 10.30% | 31.55% |
| 3Y Return (Ann) | 4.03% | 8.19% |
| 5Y Return (Ann) | 9.75% | 12.05% |
| 10Y Return (Ann) | 6.11% | 12.00% |
| Sharpe Ratio | 0.80 | 3.23 |
| Sortino Ratio | 1.14 | 4.57 |
| Omega Ratio | 1.14 | 1.60 |
| Calmar Ratio | 0.74 | 4.06 |
| Martin Ratio | 2.72 | 21.73 |
| Ulcer Index | 4.04% | 1.44% |
| Daily Std Dev | 13.83% | 9.68% |
| Max Drawdown | -50.73% | -35.10% |
| Current Drawdown | -6.03% | -0.76% |
Correlation
The correlation between HAP and DGRO is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
HAP vs. DGRO - Performance Comparison
In the year-to-date period, HAP achieves a 2.85% return, which is significantly lower than DGRO's 20.38% return. Over the past 10 years, HAP has underperformed DGRO with an annualized return of 6.11%, while DGRO has yielded a comparatively higher 12.00% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HAP vs. DGRO - Expense Ratio Comparison
HAP has a 0.50% expense ratio, which is higher than DGRO's 0.08% expense ratio.
Risk-Adjusted Performance
HAP vs. DGRO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Natural Resources ETF (HAP) and iShares Core Dividend Growth ETF (DGRO). 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.
Dividends
HAP vs. DGRO - Dividend Comparison
HAP's dividend yield for the trailing twelve months is around 3.18%, more than DGRO's 2.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HAP VanEck Vectors Natural Resources ETF | 3.18% | 3.27% | 3.28% | 2.16% | 2.45% | 2.69% | 2.85% | 2.02% | 1.99% | 3.00% | 2.51% | 2.22% |
DGRO iShares Core Dividend Growth ETF | 2.16% | 2.45% | 2.34% | 1.93% | 2.30% | 2.21% | 2.44% | 2.03% | 2.27% | 2.52% | 0.97% | 0.00% |
Drawdowns
HAP vs. DGRO - Drawdown Comparison
The maximum HAP drawdown since its inception was -50.73%, which is greater than DGRO's maximum drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for HAP and DGRO. For additional features, visit the drawdowns tool.
Volatility
HAP vs. DGRO - Volatility Comparison
VanEck Vectors Natural Resources ETF (HAP) and iShares Core Dividend Growth ETF (DGRO) have volatilities of 3.43% and 3.29%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.