VanEck Vectors Natural Resources ETF
ALTAR
Score™
6.2% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
24.6x P/Sales
ratio
0.9x
P/BV
ratio
1.3x Div.
yield
3.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
VanEck Vectors - Hard Assets Producers ETF seeks investment results that correspond to the price and yield of the Rogers - Van Eck Hard Assets Producers Index.

FUND BASICS
Category Global Equities
Fund Sponsor Van Eck Funds
Website www.vaneck.com
Inception date Aug 29, 2008
Assets (mns) $44
Currency USD
Expense ratio 50 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Proprietary
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 306
Wgt avg mkt cap (mns) $36,460
Large cap (>$10bn) 70.5%
Mid cap ($2-10bn) 24.7%
Small cap (<$2bn) 3.6%
Developed mkts 86.5%
Emerging mkts 13.6%

TOP TEN HOLDINGS
DEERE & CO 9.9 %
ARCHER-DANIELS-MIDLAND CO 3.7 %
KUBOTA CORP 2.9 %
EXXON MOBIL CORP 2.9 %
CHEVRON CORP 2.7 %
TYSON FOODS INC-CL A 2.5 %
TRACTOR SUPPLY COMPANY 2.3 %
BHP BILLITON LTD 2.2 %
FMC CORP 2.0 %
RELIANCE INDS-SPONS GDR 144A 1.9 %
Total 32.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 43.5 %
CANADA 7.6 %
BRITAIN 7.1 %
JAPAN 6.0 %
AUSTRALIA 5.3 %
RUSSIA 2.9 %
NORWAY 2.4 %
BRAZIL 2.0 %
FRANCE 2.0 %
INDIA 1.9 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-9.5% 0.5% 5.5% 3.1% 2.4%

Market Correlations
versus... Beta R-squared
S&P500 1.06 82%
MSCI EAFE 1.21 90%
MSCI Emg. Mkts. 0.90 79%

Technical Indicators
Recent close $32.51
30d moving avg. $33.40
Annualized volatility 20.5%
Short interest (ETF) 0.0%
Relative strength (RSI) 41

Liquidity measures
Avg. volume (thou.) 3
Turnover 0.2%
Bid/Ask (% of price) 0.22%
ADV underlying (mns) $2,805

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the VanEck Vectors Natural Resources ETF ETF based on the alternatives' overlap in portfolio holdings with HAP. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: HAP Expense: 50 bp ALTAR Score™: 6.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH HAP
Ticker Fund
Name
Overlap1
vs HAP
(%)
Expense
ratio
(bp)
Savings
vs HAP
(bp)
ALTAR
Score™
(%)
ALTAR
vs HAP
(%)
GUNR Flexshares Morningstar Global Upstream Natural Resources 42.4 46 4 5.9 -0.3
GNR SPDR S&P Global Natural Resources ETF 39.9 40 10 6.5 +0.3
MOO VanEck Vectors Agribusiness ETF 32.1 56 -6 5.1 -1.1
VEGI iShares MSCI Global Agriculture Producers ETF 30.8 39 11 5.5 -0.7
GRES IQ Global Resources ETF 28.1 78 -28 7.2 +1.1
FTAG First Trust Indxx Global Agriculture ETF 23.2 70 -20 6.0 -0.2
IGE iShares North American Natural Resources ETF 20.1 46 4 4.6 -1.6
NANR SPDR S&P North American Natural Resources ETF 19.1 35 15 3.8 -2.4
IXC iShares Global Energy ETF 18.5 46 4 7.0 +0.8
FILL iShares MSCI Global Energy Producers ETF 18.4 39 11 7.5 +1.3
MXI iShares Global Materials ETF 16.8 45 5 5.7 -0.5
DEW WisdomTree Global High Dividend Fund 13.7 58 -8 9.6 +3.4
FTRI First Trust Indxx Global Natural Resources Income ETF 12.1 70 -20 10.0 +3.8
FXN First Trust Energy AlphaDEX Fund 12.1 65 -15 3.4 -2.8
PICK iShares MSCI Global Metals & Mining Producers ETF 11.9 39 11 7.1 +0.9
IYE iShares U.S. Energy ETF 11.8 42 8 4.9 -1.3
FENY Fidelity MSCI Energy Index ETF 11.8 8 42 5.1 -1.1
VDE Vanguard Energy Index Fund 11.8 10 40 5.1 -1.1
JHME John Hancock Multifactor Energy ETF 11.8 40 10 4.6 -1.6
FTXN First Trust Nasdaq Oil & Gas ETF 11.7 60 -10 3.6 -2.6
XLE Energy Select Sector SPDR Fund 11.4 13 37 5.5 -0.7
RYE Invesco S&P 500 Equal Weight Energy ETF 11.4 40 10 4.6 -1.6
DTH WisdomTree DEFA Equity Income Fund 11.4 58 -8 9.9 +3.7
IDY Pacific Global International Equity Income ETF 11.0 39 11 8.0 +1.8
ISDX Invesco Strategic Developed ex-US ETF 10.5 23 27 7.4 +1.2
FNDF Schwab Fundamental International Large Co. Index ETF 10.3 25 25 8.8 +2.6
EFV iShares MSCI EAFE Value ETF 10.3 39 11 9.7 +3.5
MAGA Point Bridge GOP Stock Tracker ETF 10.2 72 -22 6.4 +0.2
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 10.1 20 30 11.5 +5.3
DGT SPDR Global Dow ETF 9.8 50 0 6.7 +0.5
PVAL Principal Contrarian Value Index ETF 9.8 29 21 0.0 -6.2
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 9.6 45 5 8.9 +2.7
XOP SPDR S&P Oil & Gas Exploration & Production ETF 9.4 35 15 4.4 -1.8
BLES Inspire Global Hope Large Cap ETF 9.3 52 -2 6.6 +0.4
VLU SPDR S&P 1500 Value Tilt ETF 9.0 12 38 7.6 +1.4
DOL WisdomTree International LargeCap Dividend Fund 9.0 48 2 8.7 +2.5
PXI Invesco DWA Energy Momentum ETF 9.0 60 -10 0.9 -5.3
EQAL Invesco Russell 1000 Equal Weight ETF 9.0 20 30 5.7 -0.5
IQIN IQ 500 International ETF 8.9 25 25 8.7 +2.5
DWM WisdomTree International Equity Fund 8.8 48 2 8.3 +2.1
VYMI Vanguard International High Dividend Yield ETF 8.7 27 23 10.3 +4.1
IUS Invesco Strategic US ETF 8.6 19 31 7.0 +0.8
SPVU Invesco S&P 500 Enhanced Value ETF 8.6 13 37 11.9 +5.7
RPV Invesco S&P 500 Pure Value ETF 8.4 35 15 11.1 +4.9
IVLU iShares Edge MSCI Intl Value Factor ETF 8.4 30 20 11.5 +5.3
PEY Invesco High Yield Equity Dividend Achievers ETF 8.3 52 -2 10.1 +3.9
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 8.3 35 15 8.6 +2.4
FNDX Schwab Fundamental U.S. Large Co. Index ETF 8.3 25 25 7.3 +1.1
DOO WisdomTree International Dividend ex-Financials Fund 8.2 58 -8 8.9 +2.7
USDY Pacific Global US Equity Income ETF 8.2 29 21 7.2 +1.1
HDV iShares Core High Dividend ETF 8.1 8 42 7.0 +0.8
EQRR ProShares Equities for Rising Rates ETF 8.0 35 15 7.4 +1.2
EFAS Global X MSCI SuperDividend EAFE ETF 7.9 56 -6 9.8 +3.6
FNDB Schwab Fundamental U.S. Broad Market Index ETF 7.9 25 25 7.3 +1.1
ONEY SPDR Russell 1000 Yield Focus ETF 7.8 20 30 9.1 +2.9
RWL Invesco S&P 500 Revenue ETF 7.8 39 11 7.4 +1.2
JHMA John Hancock Multifactor Materials ETF 7.7 40 10 6.4 +0.2
OEUR O'shares FTSE Europe Quality Dividend ETF 7.7 48 2 6.7 +0.5
DHS WisdomTree U.S. High Dividend Fund 7.6 38 12 8.8 +2.6
FTA First Trust Large Cap Value AlphaDEX Fund 7.6 60 -10 9.3 +3.2
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 7.6 30 20 0.0 -6.2
TPHD Timothy Plan High Dividend Stock ETF 7.5 52 -2 7.6 +1.4
IWS iShares Russell Mid-Cap Value ETF 7.5 24 26 7.1 +0.9
FTXG First Trust Nasdaq Food & Beverage ETF 7.5 60 -10 6.3 +0.1
PRF Invesco FTSE RAFI US 1000 ETF 7.5 39 11 7.2 +1.0
SPVM Invesco S&P 500 Value with Momentum ETF 7.4 39 11 9.0 +2.8
JPIN JPMorgan Diversified Return International Equity ETF 7.3 37 13 7.8 +1.6
JMIN JPMorgan U.S. Minimum Volatility ETF 7.3 12 38 5.5 -0.7
JKF iShares Morningstar Large Cap Value ETF 7.1 25 25 7.6 +1.4
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 7.1 35 15 8.6 +2.4
JHMD John Hancock Multifactor Developed International ETF 7.1 39 11 7.3 +1.2
FLEE Franklin FTSE Europe ETF 7.1 9 41 7.0 +0.8
DTN WisdomTree U.S. Dividend ex-Financials Fund 7.1 38 12 8.0 +1.8
SPHB Invesco S&P 500 High Beta ETF 7.0 25 25 9.0 +2.9
FXZ First Trust Materials AlphaDEX Fund 7.0 65 -15 7.3 +1.1
JHMS John Hancock Multifactor Consumer Staples ETF 7.0 40 10 5.8 -0.4
FXG First Trust Consumer Staples AlphaDEX Fund 7.0 64 -14 7.6 +1.4
JPUS JPMorgan Diversified Return U.S. Equity ETF 7.0 18 32 6.2 +0.1
JKI iShares Morningstar Mid-Cap Value ETF 7.0 30 20 9.1 +3.0
BBEU JPMorgan BetaBuilders Europe ETF 7.0 9 41 7.4 +1.2
FMAT Fidelity MSCI Materials Index ETF 7.0 8 42 5.7 -0.5
RTM Invesco S&P 500 Equal Weight Materials ETF 6.9 40 10 5.7 -0.5
XLB Materials Select Sector SPDR Fund 6.9 13 37 5.5 -0.7
RSP Invesco S&P 500 Equal Weight ETF 6.9 20 30 6.6 +0.4
IEV iShares Europe ETF 6.9 59 -9 6.8 +0.7
FLEH Franklin FTSE Europe Hedged ETF 6.8 9 41 7.2 +1.0
JDIV JPMorgan U.S. Dividend ETF 6.8 12 38 7.9 +1.7
VAW Vanguard Materials Index Fund 6.8 10 40 5.7 -0.5
VOOV Vanguard S&P 500 Value ETF 6.8 10 40 7.3 +1.1
SPEM SPDR Portfolio Emerging Markets ETF 6.7 11 39 8.1 +1.9
IVE iShares S&P 500 Value ETF 6.7 18 32 7.2 +1.0
FLGB Franklin FTSE United Kingdom ETF 6.7 9 41 8.0 +1.8
VYM Vanguard High Dividend Yield Index ETF 6.7 6 44 7.5 +1.3
VGK Vanguard FTSE Europe ETF 6.7 8 42 7.4 +1.2
SPYV SPDR Portfolio S&P 500 Value ETF 6.6 4 46 7.4 +1.2
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 6.6 30 20 9.6 +3.4
KNOW Direxion All Cap Insider Sentiment Shares 6.6 66 -16 6.7 +0.5
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 6.6 35 15 6.9 +0.7
FYLD Cambria Foreign Shareholder Yield ETF 6.6 59 -9 7.0 +0.8
IUSV iShares Core S&P U.S. Value ETF 6.6 4 46 7.5 +1.3

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
VanEck Vectors Natural Resources ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 8.2 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 6.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.50 CATEGORY
AVERAGE
1.50
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.