HAP vs. MOAT
Compare and contrast key facts about VanEck Vectors Natural Resources ETF (HAP) and VanEck Vectors Morningstar Wide Moat ETF (MOAT).
HAP and MOAT 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. MOAT is a passively managed fund by VanEck that tracks the performance of the Morningstar Wide Moat Focus Index. It was launched on Apr 24, 2012. Both HAP and MOAT 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 MOAT.
Key characteristics
| HAP | MOAT | |
|---|---|---|
| YTD Return | 2.85% | 15.46% |
| 1Y Return | 10.30% | 32.71% |
| 3Y Return (Ann) | 4.03% | 9.17% |
| 5Y Return (Ann) | 9.75% | 14.34% |
| 10Y Return (Ann) | 6.11% | 13.44% |
| Sharpe Ratio | 0.80 | 2.82 |
| Sortino Ratio | 1.14 | 3.87 |
| Omega Ratio | 1.14 | 1.51 |
| Calmar Ratio | 0.74 | 3.10 |
| Martin Ratio | 2.72 | 15.06 |
| Ulcer Index | 4.04% | 2.25% |
| Daily Std Dev | 13.83% | 11.99% |
| Max Drawdown | -50.73% | -33.31% |
| Current Drawdown | -6.03% | 0.00% |
Correlation
The correlation between HAP and MOAT is 0.71, 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. MOAT - Performance Comparison
In the year-to-date period, HAP achieves a 2.85% return, which is significantly lower than MOAT's 15.46% return. Over the past 10 years, HAP has underperformed MOAT with an annualized return of 6.11%, while MOAT has yielded a comparatively higher 13.44% 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. MOAT - Expense Ratio Comparison
HAP has a 0.50% expense ratio, which is higher than MOAT's 0.48% expense ratio.
Risk-Adjusted Performance
HAP vs. MOAT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Natural Resources ETF (HAP) and VanEck Vectors Morningstar Wide Moat ETF (MOAT). 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. MOAT - Dividend Comparison
HAP's dividend yield for the trailing twelve months is around 3.18%, more than MOAT's 0.74% 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% |
MOAT VanEck Vectors Morningstar Wide Moat ETF | 0.74% | 0.86% | 1.25% | 1.08% | 1.45% | 1.31% | 1.79% | 1.07% | 1.17% | 2.13% | 1.34% | 0.79% |
Drawdowns
HAP vs. MOAT - Drawdown Comparison
The maximum HAP drawdown since its inception was -50.73%, which is greater than MOAT's maximum drawdown of -33.31%. Use the drawdown chart below to compare losses from any high point for HAP and MOAT. For additional features, visit the drawdowns tool.
Volatility
HAP vs. MOAT - Volatility Comparison
VanEck Vectors Natural Resources ETF (HAP) has a higher volatility of 3.43% compared to VanEck Vectors Morningstar Wide Moat ETF (MOAT) at 2.70%. This indicates that HAP's price experiences larger fluctuations and is considered to be riskier than MOAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.