HAP vs. EIPX

Last updated Apr 1, 2026

Compare and contrast key facts about VanEck Natural Resources ETF (HAP) and FT Energy Income Partners Strategy ETF (EIPX).

HAP and EIPX 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 MarketVector Global Natural Resources Index. It was launched on Aug 29, 2008. EIPX is an actively managed fund by First Trust. It was launched on Nov 1, 2022.

Performance

HAP vs. EIPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Natural Resources ETF (HAP) and FT Energy Income Partners Strategy ETF (EIPX). The values are adjusted to include any dividend payments, if applicable.

HAP vs. EIPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
HAP VanEck Natural Resources ETF	20.50%	34.91%	-4.08%	2.46%	6.11%
EIPX FT Energy Income Partners Strategy ETF	22.41%	11.44%	19.11%	10.74%	0.56%

Returns By Period

In the year-to-date period, HAP achieves a 20.50% return, which is significantly lower than EIPX's 22.41% return.

HAP

• 1D: 2.33%
• 1M: -2.27%
• YTD: 20.50%
• 6M: 29.86%
• 1Y: 48.82%
• 3Y*: 16.84%
• 5Y*: 12.99%
• 10Y*: 12.75%

EIPX

• 1D: -0.56%
• 1M: 3.08%
• YTD: 22.41%
• 6M: 24.64%
• 1Y: 27.37%
• 3Y*: 21.37%
• 5Y*: —
• 10Y*: —

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

HAP vs. EIPX - Expense Ratio Comparison

HAP has a 0.42% expense ratio, which is lower than EIPX's 0.95% expense ratio.

EIPX

FT Energy Income Partners Strategy ETF

HAP

VanEck Natural Resources ETF

Return for Risk

HAP vs. EIPX — Risk / Return Rank

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

HAP

HAP Risk / Return Rank: 96
HAP Sharpe Ratio Rank: 96
HAP Sortino Ratio Rank: 96
HAP Omega Ratio Rank: 96
HAP Calmar Ratio Rank: 94
HAP Martin Ratio Rank: 97

EIPX

EIPX Risk / Return Rank: 80
EIPX Sharpe Ratio Rank: 84
EIPX Sortino Ratio Rank: 82
EIPX Omega Ratio Rank: 86
EIPX Calmar Ratio Rank: 73
EIPX Martin Ratio Rank: 77

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.

HAP vs. EIPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Natural Resources ETF (HAP) and FT Energy Income Partners Strategy ETF (EIPX). 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.

	HAP	EIPX	Difference
Sharpe ratio Return per unit of total volatility	2.59	1.69	+0.90
Sortino ratio Return per unit of downside risk	3.21	2.13	+1.09
Omega ratio Gain probability vs. loss probability	1.51	1.35	+0.16
Calmar ratio Return relative to maximum drawdown	3.60	1.88	+1.72
Martin ratio Return relative to average drawdown	18.89	8.25	+10.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HAP vs. EIPX - Sharpe Ratio Comparison

The current HAP Sharpe Ratio is 2.59, which is higher than the EIPX Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of HAP and EIPX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HAP	EIPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.59	1.69	+0.90
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.65	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	1.26	-1.00

Correlation

The correlation between HAP and EIPX is 0.78, 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.

Dividends

HAP vs. EIPX - Dividend Comparison

HAP's dividend yield for the trailing twelve months is around 1.88%, less than EIPX's 2.67% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HAP VanEck Natural Resources ETF	1.88%	2.27%	2.65%	3.27%	3.28%	2.16%	2.45%	2.80%	2.85%	2.02%	1.99%	3.00%
EIPX FT Energy Income Partners Strategy ETF	2.67%	3.23%	3.27%	3.48%	0.34%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

HAP vs. EIPX - Drawdown Comparison

The maximum HAP drawdown since its inception was -50.73%, which is greater than EIPX's maximum drawdown of -15.43%. Use the drawdown chart below to compare losses from any high point for HAP and EIPX.

Drawdown Indicators

	HAP	EIPX	Difference
Max Drawdown Largest peak-to-trough decline	-50.73%	-15.43%	-35.30%
Max Drawdown (1Y) Largest decline over 1 year	-13.64%	-14.87%	+1.23%
Max Drawdown (5Y) Largest decline over 5 years	-25.66%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-44.07%	—	—
Current Drawdown Current decline from peak	-2.61%	-0.95%	-1.66%
Average Drawdown Average peak-to-trough decline	-12.13%	-2.29%	-9.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.60%	3.39%	-0.79%

Volatility

HAP vs. EIPX - Volatility Comparison

VanEck Natural Resources ETF (HAP) has a higher volatility of 6.40% compared to FT Energy Income Partners Strategy ETF (EIPX) at 2.90%. This indicates that HAP's price experiences larger fluctuations and is considered to be riskier than EIPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HAP	EIPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.40%	2.90%	+3.50%
Volatility (6M) Calculated over the trailing 6-month period	12.48%	8.10%	+4.38%
Volatility (1Y) Calculated over the trailing 1-year period	18.94%	16.29%	+2.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.30%	15.19%	+3.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.81%	15.19%	+4.62%