Which is more different from the S&P 500, HAP or NRES?

HAP has 39% of its weight in S&P 500 names and NRES has 33%, so NRES differs more from the index.

Which is cheaper, HAP or NRES?

HAP charges 0.41% a year and NRES charges 0.45%, so HAP is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

HAP vs NRES: Holdings Overlap & Returns

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HAP holds 39.0% of its weight in S&P 500 companies and NRES 33.4%.

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Net assets: $321m on Nov 3, 2026 for VanEck Natural Resources ETF, and $35m on Nov 2, 2026 for Xtrackers RREEF Global Natural Resources ETF.

HAP on its own →NRES on its own →

At a glance

39.0%

HAP in the S&P 500

33.4%

NRES in the S&P 500

+34.3%

HAP total return, 1 year

+27.4%

NRES total return, 1 year

HAP · 1 year to Nov 4, 2026 61% of its weight is outside the S&P 500

39% of HAP's weight is in S&P 500 companies and 61% is outside the index. Holdings as of Nov 2, 2026.

NRES · 1 year to Nov 4, 2026 67% of its weight is outside the S&P 500

33% of NRES's weight is in S&P 500 companies and 67% is outside the index. Holdings as of Aug 31, 2026.

Pair scorecard

HAP costs 0.04 points a year less; their one-year returns differ by 6.9 points; HAP is 9.3 times larger.

Points (pts) are percentage points.

HAP vs NRES: Holdings Overlap & Returns
Measure	HAP	NRES
Return
Measure	HAP	NRES
Total return, 1 year	+34.3%	+27.4%
Drawdown
Measure	HAP	NRES
Below its all-time high	5.9%, high on Sep 9, 2026	8.2%, high on Aug 21, 2026
Against its benchmark
Measure	HAP	NRES
What it tracks	Natural resources	Natural resources
Its benchmark, total return, 1 year	+15.0%	+32.9%
Against its benchmark, 1 year	ahead by 19.3 pts	behind by 5.5 pts
Cost and size
Measure	HAP	NRES
Expense ratio	0.41%	0.45%
Net assets, as of Nov 2, 2026	$324m	$35m
Holdings
Measure	HAP	NRES
Holdings in common	not published

Method

Window by window

Window by window: HAP vs NRES: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	HAP	NRES	HAP	NRES
3 months	+2.5%	+0.7%	+3.8 pts vs ACWI	−0.7 pts vs GNR
6 months	+0.3%	−3.0%	−2.3 pts vs ACWI	−3.4 pts vs GNR
1 year	+34.3%	+27.4%	+19.3 pts vs ACWI	−5.5 pts vs GNR
3 years	+65.2%	–	−12.4 pts vs ACWI	–
Since launchNot the same days: HAP Sep 2008 · NRES Feb 2024	+196.0%	+42.8%	not measured	−8.9 pts vs GNR

– means no data for this window. Open this comparison in the app →

Side by side

HAP VanEck Natural Resources ETF · Holds 140 stocks in natural resources, 39% of its weight in S&P 500 companies NRES Xtrackers RREEF Global Natural Resources ETF · Holds 58 stocks in natural resources, 33% of its weight in S&P 500 companies

Issuer VanEck Xtrackers

Theme Natural resources Natural resources

In the S&P 500 39.0% 33.4%

Active share vs the S&P 500 96.0% 98.2%

In the Nasdaq-100 0.7% 0.7%

Holdings 140 58

Top ten, share of the fund 38.4% 37.2%

Expense ratio 0.41% 0.45%

Fee for the differing part 0.43% 0.46%

Total return, 1 year +34.3% +27.4%

vs its benchmark +19.3 pts vs ACWI −5.5 pts vs GNR

Below its high −5.9% −8.2%

Net assets, HAP as of Nov 3, 2026 and NRES as of Nov 2, 2026 $321m $35m

As of Nov 4, 2026. Source: ETFIQ.

Alert

About each fund

HAP

By weight, 39% of HAP's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 96%. The top ten holdings are 38% of the fund across 140 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned +34.3% with distributions reinvested against +15.0% for its benchmark, the MSCI ACWI Index, so a holder was ahead by 19.3 pts. It sits 5.9% below its all-time high of Sep 9, 2026.

NRES

By weight, 33% of NRES's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 98%. The top ten holdings are 37% of the fund across 58 positions, as filed for Aug 31, 2026. Over the year to Nov 4, 2026 the fund returned +27.4% with distributions reinvested against +32.9% for its benchmark, the S&P Global Natural Resources Net TR index, so a holder was behind by 5.5 pts. It sits 8.2% below its all-time high of Aug 21, 2026.

Questions people ask

Which is more different from the S&P 500, HAP or NRES?: HAP has 39% of its weight in S&P 500 names and NRES has 33%, so NRES differs more from the index.
Which is cheaper, HAP or NRES?: HAP charges 0.41% a year and NRES charges 0.45%, so HAP is cheaper. Fees come from each fund's prospectus.

Other comparisons

HAP vs FTWO HAP vs CSNR HAP vs FTRI HAP vs NANR NRES vs CSNR NRES vs TURF NRES vs CCNR NRES vs FTRI

Where to next

All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →HAP on its own →NRES on its own →HAP dividend history →HAP holdings →NRES dividend history →Method →Standards and sources →

Sources and dates

HAP filings on SEC EDGAR ↗

HAP prospectus with the expense ratio (SEC) ↗

VanEck website ↗

NRES filings on SEC EDGAR ↗

NRES prospectus with the expense ratio (SEC) ↗

Xtrackers website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Every number is an ETFIQ calculation with distributions reinvested.

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ETFIQ, HAP against NRES, data as of Nov 4, 2026. https://etfiq.com/compare/themes/hap-vs-nres

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