VanEck Natural Resources ETF (HAP) is a real-assets ETF. As of October 9, 2026, ETF Copilot scores HAP 5.0 out of 10 — highest on Return (6.8), lowest on Growth (2.2). Its ten largest holdings are 36% of the fund.
What stands out in HAP's data
Natural-resource companies worldwide, from miners to energy producers.
Priced higher than most real-asset funds — you pay more for each dollar of earnings.
Trailing P/E multiple of 16.9x puts it among the priciest 20% band of real-assets funds, versus the category median of 15.2x. Return on capital runs at 13.2%.
A focused sleeve on global commodities, for portfolios that want direct resource exposure.
Why did HAP move this week? It rose 0.6% in the week to October 9, 2026 — Exxonmobil and Chevron drove it
HAP rose 0.6% in the week to October 9, 2026. The holdings that moved it most were Exxonmobil (+3.0%), Chevron (+2.5%) and Shell (+4.1%); Deere (−9.6%) pushed the other way.
How is HAP rated? ETF Copilot scores VanEck Natural Resources ETF (HAP) 5.0 out of 10
As of October 9, 2026, ETF Copilot scores VanEck Natural Resources ETF (HAP) 5.0 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 5.0 / 10
- Growth: 2.2 / 10
- Value: 4.8 / 10
- Risk: 6.2 / 10
- Quality: 5.8 / 10
- Return: 6.8 / 10
What's inside HAP?
What's inside HAP: Size (Large 78%, Mid 22%, Small 1%); Geography (International 52%, US 48%); Tech 0.3%.
What are HAP's top holdings? The ten largest are 36% of the fund
Exxon Mobil, Deere, Chevron, Iberdrola, NextEra Energy, Bayer, BHP, Vylor, Shell and Nutrien are HAP's largest holdings, in that order.
Less concentrated than 98% of Real Assets ETFs.
Half of HAP's weight sits in its 19 largest positions, and once those weights are taken into account it behaves like 50 equally weighted holdings.
What is HAP's expense ratio? 0.41% a year
As of October 9, 2026, HAP charges 0.41% a year, yields 1.83% and holds $332M in assets across 123 positions.
| Measure | HAP |
|---|---|
| Expense ratio | 0.41% |
| Dividend yield | 1.83% |
| Assets under management | $332M |
| Holdings | 123 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “VanEck Natural Resources ETF (HAP) scores and holdings analysis”, as of October 9, 2026.
https://etf-copilot.com/etf/hap
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