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VanEck’s HAP ETF surges 34% in 2024 as inflation fears loom

A rare 34% rally in 2024 puts HAP among top performers. But will IRS policy changes and tariffs derail its momentum?

On the right at the top corner there is coin on an object and there are texts written on the...
On the right at the top corner there is coin on an object and there are texts written on the object.

VanEck’s HAP ETF surges 34% in 2024 as inflation fears loom

The VanEck Natural Resources ETF (HAP) has delivered robust returns this year, gaining nearly 34% before dividends. The fund also provides investors with exposure to renewable energy while avoiding complex tax forms. Meanwhile, economists are debating how US tariffs and tax policies could shape inflation in the coming years.

HAP’s performance stands out in 2024, with a year-to-date return of almost 34%. The fund’s last stretch of double-digit annual gains came in 2016 and 2017. Its portfolio is spread across multiple sectors, with over half of its holdings in companies outside the US.

HAP’s strong 2024 performance and inflation-linked strategy offer investors a way to navigate economic uncertainty. At the same time, US tariffs and IRS tax changes may influence inflation trends over the next two years. The fund’s global diversification and renewable energy exposure add further appeal for those seeking stability.

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