HAP: VANECK NATURAL RESOURCES ETF
What this ETF is trying to do
The VanEck Natural Resources ETF (ticker: HAP) is an exchange-traded fund that focuses on companies involved in natural resources. Based on its top holdings, the fund includes businesses in sectors like agriculture, energy, and mining.
What the numbers show
As of September 18, 2026, the current price of one share is $76.03. An estimated price from roughly one year ago was $55.80.
The data shows that the fund's value has grown over different periods. It is important to understand the difference between "price return" and "total return." The price return only measures how much the share price itself changed. The total return includes both the share price change and any cash distributions paid out.
• One-Year: The one-year price return was 36.24%. The one-year total return was higher, at 39.33%.
• Year-to-Date (YTD): Both the YTD price return and the YTD total return were 26.42%.
• Three-Year: The three-year price return was 50.15%, while the three-year total return was 62.89%.
• Five-Year: The five-year total return was 91.58%.
Income and distribution explanation
Some investors look for ETFs that pay out cash, known as distributions. This ETF has a distribution yield of 1.79%, which describes the cash distributions relative to the ETF's price. The trailing distributions were $1.36 per share.
However, these payments are described as "irregular" or "less frequent," meaning they do not happen on a steady, predictable schedule. It is important to remember that a distribution yield is not the same as total return.
NAV erosion explanation
"NAV erosion" refers to a decline in the value of the underlying assets that the ETF owns. Some investors watch for this because they want to make sure the fund's core value stays stable. For this ETF, the erosion-risk score is 100, and the label states "No price erosion detected." There is no severe erosion-risk flag for this fund.
Pros
• Strong Growth: The fund has shown positive price returns and total returns over one, three, and five-year periods.
• Low Erosion Risk: The data shows no detected price erosion.
Cons
• Irregular Income: Because the distribution frequency is irregular, investors cannot rely on a set schedule for cash payments.
• Partial Information: The list of holdings provided is only a partial list of the top companies in the fund.
Beginner takeaway
The VanEck Natural Resources ETF has seen significant growth in both its share price and its total return over several years. While it does pay out some cash, those payments are not on a regular schedule. Currently, the data shows no signs of the price erosion risks that some investors look for.
Top Holdings (Partial List):
• DEERE & CO: 5.50%
• CHEVRON CORP: 5.16%
• EXXONMOBIL HOLDINGS CORP: 5.06%
• IBERDROLA SA: 3.65%
• BAYER AG: 3.59%
• NEXTERA ENERGY INC: 3.30%
• CORTEVA INC: 2.93%
• BHP GROUP LTD ADR: 2.88%
• NUTRIEN LTD: 2.46%
• SHEL: 2.14%
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | DEERE & CO | DE | 5.50% |
| 2 | CHEVRON CORP | CVX | 5.16% |
| 3 | EXXONMOBIL HOLDINGS CORP | XOM | 5.06% |
| 4 | IBERDROLA SA | n/a | 3.65% |
| 5 | BAYER AG | n/a | 3.59% |
| 6 | NEXTERA ENERGY INC | NEE | 3.30% |
| 7 | CORTEVA INC | CTVA | 2.93% |
| 8 | BHP GROUP LTD ADR | BHP | 2.88% |
| 9 | NUTRIEN LTD | n/a | 2.46% |
| 10 | n/a | SHEL | 2.14% |