INR vs. HAP

Last updated Jun 4, 2026

INR (Infinity Natural Resources, Inc) is a stock, while HAP (VanEck Natural Resources ETF) is Energy Equities fund tracking the MarketVector Global Natural Resources Index. Over the past year, INR returned -23.22% vs 46.66% for HAP. At a 0.26 correlation, their price movements are largely independent.

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.

Returns By Period

In the year-to-date period, INR achieves a -10.45% return, which is significantly lower than HAP's 21.49% return.

INR

• 1D: -0.08%
• 1M: -23.98%
• YTD: -10.45%
• 6M: -7.96%
• 1Y: -23.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HAP

• 1D: -0.36%
• 1M: 0.64%
• YTD: 21.49%
• 6M: 23.70%
• 1Y: 46.66%
• 3Y*: 18.93%
• 5Y*: 11.51%
• 10Y*: 11.99%

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

INR vs. HAP - Yearly Performance Comparison

	2026 (YTD)	2025
INR Infinity Natural Resources, Inc	-10.45%	-30.09%
HAP VanEck Natural Resources ETF	21.49%	28.49%

Correlation

The correlation between INR and HAP is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (All Time) Calculated using the full available price history since Feb 3, 2025	0.26

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: 21
INR Sharpe Ratio Rank: 19
INR Sortino Ratio Rank: 20
INR Omega Ratio Rank: 22
INR Calmar Ratio Rank: 22
INR Martin Ratio Rank: 23

HAP

HAP Risk / Return Rank: 89
HAP Sharpe Ratio Rank: 90
HAP Sortino Ratio Rank: 87
HAP Omega Ratio Rank: 88
HAP Calmar Ratio Rank: 90
HAP Martin Ratio Rank: 92

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	-0.49	3.14	-3.64
Sortino ratio: Return per unit of downside risk	-0.46	4.01	-4.47
Omega ratio: Gain probability vs. loss probability	0.95	1.56	-0.62
Calmar ratio: Return relative to maximum drawdown	-0.55	5.65	-6.19
Martin ratio: Return relative to average drawdown	-0.93	23.05	-23.98
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 -0.49, which is lower than the HAP Sharpe Ratio of 3.14. The chart below compares the historical Sharpe Ratios of INR and HAP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	INR	HAP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.49	3.14	-3.64
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.63	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.61	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.60	0.26	-0.86

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%	-8.31%	-34.43%
Max Drawdown (3Y) Largest decline over 3 years	—	-16.92%	—
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	-39.74%	-1.95%	-37.79%
Average Drawdown Average peak-to-trough decline	-28.50%	-12.03%	-16.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.09%	2.03%	+23.06%

Volatility

INR vs. HAP - Volatility Comparison

Infinity Natural Resources, Inc (INR) has a higher volatility of 14.58% compared to VanEck Natural Resources ETF (HAP) at 4.37%. 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	14.58%	4.37%	+10.21%
Volatility (6M) Calculated over the trailing 6-month period	32.68%	12.24%	+20.44%
Volatility (1Y) Calculated over the trailing 1-year period	47.16%	14.91%	+32.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.22%	18.24%	+30.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.22%	19.74%	+29.48%

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 1.87%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HAP VanEck Natural Resources ETF	1.87%	2.27%	2.65%	3.27%	3.28%	2.16%	2.45%	2.80%	2.85%	2.02%	1.99%	3.00%
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%

Frequently Asked Questions

Can I hold both INR and HAP in my portfolio?

INR and HAP have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, INR or HAP?

INR has higher volatility (14.58%) compared to HAP (4.37%). In terms of maximum drawdown, INR dropped -48.84% vs HAP's -50.73%.

Which has better risk-adjusted returns?

HAP currently has the higher Sharpe Ratio (3.14 vs -0.49), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.