VanEck Vectors Natural Resources ETF
ALTAR
Score™
6.2% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
25.6x P/Sales
ratio
0.8x
P/BV
ratio
1.2x Div.
yield
3.5%


  • 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 Sep 03, 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 305
Wgt avg mkt cap (mns) $38,581
Large cap (>$10bn) 67.6%
Mid cap ($2-10bn) 27.3%
Small cap (<$2bn) 3.6%
Developed mkts 85.9%
Emerging mkts 14.1%

TOP TEN HOLDINGS
DEERE & CO 7.3 %
EXXON MOBIL CORP 3.6 %
ARCHER-DANIELS-MIDLAND CO 3.3 %
CHEVRON CORP 3.2 %
TYSON FOODS INC-CL A 2.8 %
KUBOTA CORP 2.4 %
BHP BILLITON LTD 2.3 %
TRACTOR SUPPLY COMPANY 2.2 %
FMC CORP 1.9 %
RIO TINTO PLC 1.8 %
Total 31.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 42.8 %
CANADA 8.7 %
BRITAIN 7.6 %
AUSTRALIA 5.6 %
JAPAN 5.6 %
RUSSIA 3.5 %
NORWAY 2.7 %
BRAZIL 2.2 %
FRANCE 2.1 %
SOUTH AFRICA 1.2 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-20.2% -8.8% -0.7% 2.3% 1.3%

Market Correlations
versus... Beta R-squared
S&P500 1.07 81%
MSCI EAFE 1.22 90%
MSCI Emg. Mkts. 0.94 82%

Technical Indicators
Recent close $31.28
30d moving avg. $28.53
Annualized volatility 20.1%
Short interest (ETF) 0.1%
Relative strength (RSI) 67

Liquidity measures
Avg. volume (thou.) 4
Turnover 0.3%
Bid/Ask (% of price) 0.32%
ADV underlying (mns) $21,249

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 45.3 46 4 5.9 -0.3
GNR SPDR S&P Global Natural Resources ETF 41.1 40 10 6.4 +0.3
GRES IQ Global Resources ETF 32.2 77 -27 7.3 +1.2
MOO VanEck Vectors Agribusiness ETF 30.0 54 -4 5.5 -0.7
VEGI iShares MSCI Global Agriculture Producers ETF 26.8 39 11 5.9 -0.2
IGE iShares North American Natural Resources ETF 23.5 46 4 3.8 -2.3
IXC iShares Global Energy ETF 21.6 46 4 5.3 -0.8
NANR SPDR S&P North American Natural Resources ETF 20.7 35 15 3.4 -2.8
FILL iShares MSCI Global Energy Producers ETF 20.2 39 11 5.9 -0.2
FTAG First Trust Indxx Global Agriculture ETF 18.9 70 -20 6.3 +0.1
MXI iShares Global Materials ETF 17.5 46 4 6.1 -0.1
DEW WisdomTree Global High Dividend Fund 15.4 58 -8 9.0 +2.9
IYE iShares U.S. Energy ETF 14.3 42 8 3.6 -2.6
FENY Fidelity MSCI Energy Index ETF 14.2 8 42 3.6 -2.5
VDE Vanguard Energy Index Fund 14.2 10 40 3.6 -2.6
JHME John Hancock Multifactor Energy ETF 14.2 40 10 3.4 -2.8
XLE Energy Select Sector SPDR Fund 13.8 13 37 4.0 -2.1
FTXN First Trust Nasdaq Oil & Gas ETF 13.7 60 -10 2.0 -4.2
RYE Invesco S&P 500 Equal Weight Energy ETF 13.6 40 10 3.1 -3.1
PXI Invesco DWA Energy Momentum ETF 12.4 60 -10 3.8 -2.4
PICK iShares MSCI Global Metals & Mining Producers ETF 12.0 39 11 7.5 +1.3
IDY Pacific Global International Equity Income ETF 11.6 39 11 8.0 +1.9
DTH WisdomTree DEFA Equity Income Fund 11.4 58 -8 9.6 +3.4
EFV iShares MSCI EAFE Value ETF 11.2 39 11 10.0 +3.9
VLU SPDR S&P 1500 Value Tilt ETF 11.0 12 38 7.1 +1.0
BLES Inspire Global Hope Large Cap ETF 10.9 61 -11 6.2 +0.1
HDV iShares Core High Dividend ETF 10.8 8 42 6.4 +0.3
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 10.8 20 30 10.9 +4.7
XOP SPDR S&P Oil & Gas Exploration & Production ETF 10.6 35 15 2.4 -3.7
FXN First Trust Energy AlphaDEX Fund 10.5 65 -15 -0.6 -6.7
FNDF Schwab Fundamental International Large Co. Index ETF 10.4 25 25 8.7 +2.5
VYMI Vanguard International High Dividend Yield ETF 10.3 32 18 10.1 +4.0
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 10.3 45 5 8.8 +2.7
USDY Pacific Global US Equity Income ETF 10.2 29 21 7.5 +1.3
FTA First Trust Large Cap Value AlphaDEX Fund 10.1 60 -10 8.6 +2.4
EQRR ProShares Equities for Rising Rates ETF 10.0 35 15 5.8 -0.4
MAGA Point Bridge GOP Stock Tracker ETF 10.0 72 -22 6.3 +0.2
FDL First Trust Morningstar Dividend Leaders Index Fund 9.9 45 5 7.9 +1.8
ISDX Invesco Strategic Developed ex-US ETF 9.8 23 27 7.4 +1.3
EQAL Invesco Russell 1000 Equal Weight ETF 9.7 20 30 4.9 -1.2
HLAL Wahed FTSE USA Shariah ETF 9.7 50 0 4.6 -1.5
JKF iShares Morningstar Large Cap Value ETF 9.5 25 25 7.5 +1.3
IQIN IQ 500 International ETF 9.4 25 25 9.0 +2.8
DGT SPDR Global Dow ETF 9.4 50 0 6.8 +0.7
DOL WisdomTree International LargeCap Dividend Fund 9.2 48 2 8.5 +2.4
IWS iShares Russell Mid-Cap Value ETF 9.1 24 26 6.9 +0.8
DHS WisdomTree U.S. High Dividend Fund 9.1 38 12 8.2 +2.1
PRF Invesco FTSE RAFI US 1000 ETF 8.9 39 11 6.6 +0.5
PEY Invesco High Yield Equity Dividend Achievers ETF 8.8 53 -3 8.3 +2.1
DWM WisdomTree International Equity Fund 8.8 48 2 8.2 +2.1
FCTR First Trust Lunt U.S. Factor Rotation ETF 8.8 65 -15 4.8 -1.3
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 8.7 35 15 8.6 +2.5
FNDX Schwab Fundamental U.S. Large Co. Index ETF 8.7 25 25 6.4 +0.3
FAB First Trust Multi Cap Value AlphaDEX Fund 8.7 71 -21 8.9 +2.7
RPV Invesco S&P 500 Pure Value ETF 8.6 35 15 10.6 +4.5
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 8.5 35 15 8.2 +2.0
IWD iShares Russell 1000 Value ETF 8.5 19 31 6.9 +0.7
OEUR O'shares FTSE Europe Quality Dividend ETF 8.5 48 2 6.6 +0.5
VONV Vanguard Russell 1000 Value Index Fund 8.4 8 42 7.0 +0.8
IVLU iShares Edge MSCI Intl Value Factor ETF 8.4 30 20 11.3 +5.1
DOO WisdomTree International Dividend ex-Financials Fund 8.3 58 -8 8.7 +2.5
FNDB Schwab Fundamental U.S. Broad Market Index ETF 8.3 25 25 6.4 +0.2
JPGE JPMorgan Diversified Return Global Equity ETF 8.2 29 21 7.3 +1.2
ESGS Columbia Sustainable U.S. Equity Income ETF 8.1 35 15 8.6 +2.5
REVS Columbia Research Enhanced Value ETF 8.1 19 31 7.4 +1.2
SPVU Invesco S&P 500 Enhanced Value ETF 8.1 13 37 10.4 +4.3
TPHD Timothy Plan High Dividend Stock ETF 8.0 52 -2 7.0 +0.8
JHMA John Hancock Multifactor Materials ETF 7.9 40 10 6.6 +0.5
FEX First Trust Large Cap Core AlphaDEX Fund 7.8 60 -10 5.9 -0.2
JPUS JPMorgan Diversified Return U.S. Equity ETF 7.8 19 31 6.1 -0.0
IWX iShares Russell Top 200 Value ETF 7.8 20 30 6.9 +0.7
JPIN JPMorgan Diversified Return International Equity ETF 7.7 38 12 8.0 +1.8
RWL Invesco S&P 500 Revenue ETF 7.7 39 11 6.7 +0.5
JHMD John Hancock Multifactor Developed International ETF 7.7 45 5 7.4 +1.3
DLN WisdomTree U.S. LargeCap Dividend Fund 7.7 28 22 6.3 +0.1
DTN WisdomTree U.S. Dividend ex-Financials Fund 7.7 38 12 7.7 +1.5
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 7.6 35 15 8.3 +2.1
IVE iShares S&P 500 Value ETF 7.6 18 32 7.0 +0.9
SPYV SPDR Portfolio S&P 500 Value ETF 7.6 4 46 7.2 +1.0
VOOV Vanguard S&P 500 Value ETF 7.6 15 35 7.1 +0.9
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 7.5 19 31 5.6 -0.5
VTV Vanguard Value Index Fund 7.5 4 46 7.1 +1.0
OUSA O'Shares FTSE US Quality Dividend ETF 7.5 48 2 5.7 -0.5
IUSV iShares Core S&P U.S. Value ETF 7.4 4 46 7.2 +1.1
RSP Invesco S&P 500 Equal Weight ETF 7.4 20 30 6.6 +0.5
DTD WisdomTree U.S.Total Dividend Fund 7.4 28 22 6.5 +0.3
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 7.3 30 20 6.8 +0.7
SPEM SPDR Portfolio Emerging Markets ETF 7.3 11 39 8.6 +2.4
FLEE Franklin FTSE Europe ETF 7.3 9 41 7.0 +0.8
VYM Vanguard High Dividend Yield Index ETF 7.3 6 44 7.1 +0.9
VAW Vanguard Materials Index Fund 7.2 10 40 6.0 -0.2
SCHV Schwab U.S. Large-Cap Value ETF 7.2 4 46 6.9 +0.8
FLGB Franklin FTSE United Kingdom ETF 7.2 9 41 7.5 +1.3
FLEH Franklin FTSE Europe Hedged ETF 7.2 9 41 7.2 +1.0
IEV iShares Europe ETF 7.2 59 -9 6.8 +0.7
SPYD SPDR S&P 500 High Dividend ETF 7.2 7 43 9.9 +3.8
IUS Invesco Strategic US ETF 7.2 19 31 6.2 0.0
AXJL WisdomTree Asia Pacific ex-Japan Fund 7.2 48 2 10.0 +3.9
FMAT Fidelity MSCI Materials Index ETF 7.1 8 42 6.0 -0.2
BBEU JPMorgan BetaBuilders Europe ETF 7.1 9 41 7.3 +1.1

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 8.0 %
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
1.51
 
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.