INR vs. HAP

Last updated Apr 1, 2026

Compare and contrast key facts about Infinity Natural Resources, Inc (INR) and VanEck Natural Resources ETF (HAP).

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.

Performance

INR vs. HAP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Infinity Natural Resources, Inc (INR) and VanEck Natural Resources ETF (HAP). The values are adjusted to include any dividend payments, if applicable.

INR vs. HAP - Yearly Performance Comparison

	2026 (YTD)	2025
INR Infinity Natural Resources, Inc	19.55%	-30.09%
HAP VanEck Natural Resources ETF	20.50%	28.49%

Returns By Period

The year-to-date returns for both investments are quite close, with INR having a 19.55% return and HAP slightly higher at 20.50%.

INR

• 1D: -4.55%
• 1M: 6.08%
• YTD: 19.55%
• 6M: 34.32%
• 1Y: -6.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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%

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

Return for Risk

INR vs. HAP — Risk / Return Rank

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

INR

INR Risk / Return Rank: 36
INR Sharpe Ratio Rank: 35
INR Sortino Ratio Rank: 33
INR Omega Ratio Rank: 33
INR Calmar Ratio Rank: 39
INR Martin Ratio Rank: 39

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

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.

INR vs. HAP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Infinity Natural Resources, Inc (INR) 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.

	INR	HAP	Difference
Sharpe ratio Return per unit of total volatility	-0.12	2.59	-2.71
Sortino ratio Return per unit of downside risk	0.18	3.21	-3.03
Omega ratio Gain probability vs. loss probability	1.02	1.51	-0.49
Calmar ratio Return relative to maximum drawdown	-0.05	3.60	-3.65
Martin ratio Return relative to average drawdown	-0.09	18.89	-18.97
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

INR vs. HAP - Sharpe Ratio Comparison

The current INR Sharpe Ratio is -0.12, which is lower than the HAP Sharpe Ratio of 2.59. The chart below compares the historical Sharpe Ratios of INR and HAP, 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

	INR	HAP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.12	2.59	-2.71
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	-0.29	0.26	-0.55

Correlation

The correlation between INR and HAP is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

INR vs. HAP - Dividend Comparison

INR has not paid dividends to shareholders, while HAP's dividend yield for the trailing twelve months is around 1.88%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
INR Infinity Natural Resources, Inc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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%

Drawdowns

INR vs. HAP - Drawdown Comparison

The maximum INR drawdown since its inception was -48.84%, roughly equal to the maximum HAP drawdown of -50.73%. Use the drawdown chart below to compare losses from any high point for INR and HAP.

Drawdown Indicators

	INR	HAP	Difference
Max Drawdown Largest peak-to-trough decline	-48.84%	-50.73%	+1.89%
Max Drawdown (1Y) Largest decline over 1 year	-42.74%	-13.64%	-29.10%
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	-19.55%	-2.61%	-16.94%
Average Drawdown Average peak-to-trough decline	-28.49%	-12.13%	-16.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.18%	2.60%	+21.58%

Volatility

INR vs. HAP - Volatility Comparison

Infinity Natural Resources, Inc (INR) has a higher volatility of 14.40% compared to VanEck Natural Resources ETF (HAP) at 6.40%. This indicates that INR'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

	INR	HAP	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.40%	6.40%	+8.00%
Volatility (6M) Calculated over the trailing 6-month period	33.40%	12.48%	+20.92%
Volatility (1Y) Calculated over the trailing 1-year period	50.89%	18.94%	+31.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.77%	18.30%	+31.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.77%	19.81%	+29.96%