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HAP vs. XDIV.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HAP vs. XDIV.TO

Last updated Jun 14, 2026

HAP (VanEck Natural Resources ETF) and XDIV.TO (iShares Core MSCI Canadian Quality Dividend Index ETF) are both exchange-traded funds - HAP is a Energy Equities fund tracking the MarketVector Global Natural Resources Index, while XDIV.TO is a Dividend fund tracking the MSCI Canada High Dividend Yield 10% Security Capped Index. Both are passively managed. Over the past 5 years, HAP returned 11.22%/yr vs 13.87%/yr for XDIV.TO. A 0.54 correlation means they provide meaningful diversification when combined. HAP charges 0.42%/yr vs 0.11%/yr for XDIV.TO.

Performance

HAP vs. XDIV.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Natural Resources ETF (HAP) and iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

In the year-to-date period, HAP achieves a 18.44% return, which is significantly lower than XDIV.TO's 19.42% return.

HAP

1D
1.21%
1M
-4.04%
YTD
18.44%
6M
19.25%
1Y
38.39%
3Y*
17.05%
5Y*
11.22%
10Y*
11.95%

XDIV.TO

1D
0.38%
1M
2.75%
YTD
19.42%
6M
18.53%
1Y
36.69%
3Y*
22.30%
5Y*
13.87%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

HAP vs. XDIV.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
HAP
VanEck Natural Resources ETF		18.44%34.91%-4.08%2.46%7.84%25.04%6.30%18.60%-10.68%14.05%
XDIV.TO
iShares Core MSCI Canadian Quality Dividend Index ETF		19.42%31.02%10.48%14.68%-5.50%33.37%-5.29%30.52%-16.81%14.41%

Correlation

The correlation between HAP and XDIV.TO is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.33

Correlation (3Y)
Calculated over the trailing 3-year period

0.49

Correlation (5Y)
Calculated over the trailing 5-year period

0.54

Correlation (All Time)
Calculated using the full available price history since Jun 13, 2017

0.54

Over the past year, the correlation between HAP and XDIV.TO has dropped to 0.33 - well below their long-term average of 0.54, suggesting their price drivers have been diverging.

HAP vs. XDIV.TO - Sectors Allocation Comparison

Sectors
HAP
XDIV.TO

Basic Materials

38.6%

-

Energy

30.7%
28.8%

Industrials

10.1%

-

Utilities

9.3%
11.3%

Consumer Defensive

6.4%

-

Healthcare

2.8%

-

Technology

1.4%
1.3%

Real Estate

0.4%

-

Consumer Cyclical

0.2%
11.5%

Communication Services

-

0.4%

Financial Services

-

46.7%

Basic Materials

HAP
38.6%
XDIV.TO

-

Energy

HAP
30.7%
XDIV.TO
28.8%

Industrials

HAP
10.1%
XDIV.TO

-

Utilities

HAP
9.3%
XDIV.TO
11.3%

Consumer Defensive

HAP
6.4%
XDIV.TO

-

Healthcare

HAP
2.8%
XDIV.TO

-

Technology

HAP
1.4%
XDIV.TO
1.3%

Real Estate

HAP
0.4%
XDIV.TO

-

Consumer Cyclical

HAP
0.2%
XDIV.TO
11.5%

Communication Services

HAP

-

XDIV.TO
0.4%

Financial Services

HAP

-

XDIV.TO
46.7%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

VanEck Natural Resources ETF

iShares Core MSCI Canadian Quality Dividend Index ETF

Often compared with HAP:
HAP vs. GUNRHAP vs. NANRHAP vs. URAHAP vs. QQQHAP vs. DGROHAP vs. SPYHAP vs. XLKQ.L
Often compared with XDIV.TO:
XDIV.TO vs. VDY.TOXDIV.TO vs. XEI.TOXDIV.TO vs. XDV.TOXDIV.TO vs. XEQT.TOXDIV.TO vs. HDIV.TOXDIV.TO vs. XIU.TOXDIV.TO vs. CDZ.TO

Return for Risk

HAP vs. XDIV.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HAP
HAP Risk / Return Rank: 8787
Overall Rank
HAP Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
HAP Sortino Ratio Rank: 8484
Sortino Ratio Rank
HAP Omega Ratio Rank: 8686
Omega Ratio Rank
HAP Calmar Ratio Rank: 8989
Calmar Ratio Rank
HAP Martin Ratio Rank: 9090
Martin Ratio Rank
XDIV.TO
XDIV.TO Risk / Return Rank: 9898
Overall Rank
XDIV.TO Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
XDIV.TO Sortino Ratio Rank: 9898
Sortino Ratio Rank
XDIV.TO Omega Ratio Rank: 9898
Omega Ratio Rank
XDIV.TO Calmar Ratio Rank: 9999
Calmar Ratio Rank
XDIV.TO Martin Ratio Rank: 9898
Martin Ratio Rank
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. XDIV.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Natural Resources ETF (HAP) and iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO). 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.

HAPXDIV.TODifference
Sharpe ratioReturn per unit of total volatility
2.54
4.27

-1.73

Sortino ratioReturn per unit of downside risk
3.27
6.11

-2.84

Omega ratioGain probability vs. loss probability

1.46

1.82

-0.36

Calmar ratioReturn relative to maximum drawdown

4.74

11.38

-6.64

Martin ratioReturn relative to average drawdown

17.71

38.12

-20.41

HAP vs. XDIV.TO - Sharpe Ratio Comparison

The current HAP Sharpe Ratio is 2.54, which is lower than the XDIV.TO Sharpe Ratio of 4.27. The chart below compares the historical Sharpe Ratios of HAP and XDIV.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

HAP vs. XDIV.TO - Drawdown Comparison

The maximum HAP drawdown since its inception was -50.99%, which is greater than XDIV.TO's maximum drawdown of -46.32%. Use the drawdown chart below to compare losses from any high point for HAP and XDIV.TO.

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Drawdown Indicators

HAPXDIV.TODifference

Max Drawdown

Largest peak-to-trough decline

-50.99%

-46.32%

-4.67%

Max Drawdown (1Y)

Largest decline over 1 year

-8.31%

-3.31%

-5.00%

Max Drawdown (3Y)

Largest decline over 3 years

-16.92%

-12.20%

-4.72%

Max Drawdown (5Y)

Largest decline over 5 years

-25.66%

-24.74%

-0.92%

Max Drawdown (10Y)

Largest decline over 10 years

-44.07%

—

—

Current Drawdown

Current decline from peak

-4.42%

0.00%

-4.42%

Average Drawdown

Average peak-to-trough decline

-12.07%

-6.33%

-5.74%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.22%

0.99%

+1.23%

Volatility

HAP vs. XDIV.TO - Volatility Comparison

VanEck Natural Resources ETF (HAP) has a higher volatility of 5.20% compared to iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO) at 2.43%. This indicates that HAP's price experiences larger fluctuations and is considered to be riskier than XDIV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

HAPXDIV.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.20%

2.43%

+2.77%

Volatility (6M)

Calculated over the trailing 6-month period

12.86%

6.86%

+6.00%

Volatility (1Y)

Calculated over the trailing 1-year period

15.50%

8.84%

+6.66%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.32%

12.47%

+5.85%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.75%

17.75%

+2.00%

HAP vs. XDIV.TO - Expense Ratio Comparison

HAP has a 0.42% expense ratio, which is higher than XDIV.TO's 0.11% expense ratio.

Dividends

HAP vs. XDIV.TO - Dividend Comparison

HAP's dividend yield for the trailing twelve months is around 1.91%, less than XDIV.TO's 3.25% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
XDIV.TO
iShares Core MSCI Canadian Quality Dividend Index ETF		3.25%3.90%4.50%4.42%4.15%3.76%4.85%4.24%5.13%1.92%0.00%0.00%

Frequently Asked Questions

HAP and XDIV.TO have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XDIV.TO is cheaper at 0.11% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XDIV.TO is cheaper with a 0.11% expense ratio, compared with 0.42% for HAP.

HAP is categorized as Energy Equities, while XDIV.TO is Dividend. HAP tracks MarketVector Global Natural Resources Index, while XDIV.TO tracks MSCI Canada High Dividend Yield 10% Security Capped Index. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.42% for HAP and 0.11% for XDIV.TO.

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