FGSM vs. HAIL

Last updated Jun 5, 2026

FGSM (Frontier Asset Global Small Cap Equity ETF) and HAIL (SPDR S&P Kensho Smart Mobility ETF) are both Global Equities funds. FGSM is actively managed, while HAIL is passively managed. Over the past year, FGSM returned 33.31% vs 57.23% for HAIL. Their correlation of 0.80 suggests significant overlap in exposure. FGSM charges 0.90%/yr vs 0.45%/yr for HAIL.

Performance

FGSM vs. HAIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Frontier Asset Global Small Cap Equity ETF (FGSM) and SPDR S&P Kensho Smart Mobility ETF (HAIL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FGSM achieves a 15.03% return, which is significantly lower than HAIL's 31.62% return.

FGSM

• 1D: 0.91%
• 1M: 2.18%
• YTD: 15.03%
• 6M: 15.76%
• 1Y: 33.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HAIL

• 1D: 0.40%
• 1M: 15.57%
• YTD: 31.62%
• 6M: 27.43%
• 1Y: 57.23%
• 3Y*: 15.88%
• 5Y*: -5.29%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FGSM vs. HAIL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FGSM Frontier Asset Global Small Cap Equity ETF	15.03%	21.33%	0.24%
HAIL SPDR S&P Kensho Smart Mobility ETF	31.62%	19.62%	0.65%

Correlation

The correlation between FGSM and HAIL is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.78
Correlation (All Time) Calculated using the full available price history since Dec 23, 2024	0.80

The correlation between FGSM and HAIL has been stable across timeframes, ranging from 0.78 to 0.80 - a consistent structural relationship.

Return for Risk

FGSM vs. HAIL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FGSM

FGSM Risk / Return Rank: 70
FGSM Sharpe Ratio Rank: 70
FGSM Sortino Ratio Rank: 72
FGSM Omega Ratio Rank: 67
FGSM Calmar Ratio Rank: 70
FGSM Martin Ratio Rank: 72

HAIL

HAIL Risk / Return Rank: 57
HAIL Sharpe Ratio Rank: 59
HAIL Sortino Ratio Rank: 55
HAIL Omega Ratio Rank: 51
HAIL Calmar Ratio Rank: 63
HAIL Martin Ratio Rank: 55

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FGSM vs. HAIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Frontier Asset Global Small Cap Equity ETF (FGSM) and SPDR S&P Kensho Smart Mobility ETF (HAIL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	FGSM	HAIL	Difference
Sharpe ratio: Return per unit of total volatility	2.26	1.97	+0.29
Sortino ratio: Return per unit of downside risk	3.19	2.61	+0.59
Omega ratio: Gain probability vs. loss probability	1.40	1.31	+0.08
Calmar ratio: Return relative to maximum drawdown	3.40	3.09	+0.31
Martin ratio: Return relative to average drawdown	13.20	9.33	+3.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FGSM vs. HAIL - Sharpe Ratio Comparison

The current FGSM Sharpe Ratio is 2.26, which is comparable to the HAIL Sharpe Ratio of 1.97. The chart below compares the historical Sharpe Ratios of FGSM and HAIL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FGSM	HAIL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.26	1.97	+0.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.17	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.48	0.21	+1.28

Drawdowns

FGSM vs. HAIL - Drawdown Comparison

The maximum FGSM drawdown since its inception was -17.72%, smaller than the maximum HAIL drawdown of -65.98%. Use the drawdown chart below to compare losses from any high point for FGSM and HAIL.

Drawdown Indicators

	FGSM	HAIL	Difference
Max Drawdown Largest peak-to-trough decline	-17.72%	-65.98%	+48.26%
Max Drawdown (1Y) Largest decline over 1 year	-9.84%	-18.64%	+8.80%
Max Drawdown (3Y) Largest decline over 3 years	—	-40.96%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-63.12%	—
Current Drawdown Current decline from peak	0.00%	-30.57%	+30.57%
Average Drawdown Average peak-to-trough decline	-2.21%	-31.60%	+29.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.53%	6.15%	-3.62%

Volatility

FGSM vs. HAIL - Volatility Comparison

The current volatility for Frontier Asset Global Small Cap Equity ETF (FGSM) is 4.18%, while SPDR S&P Kensho Smart Mobility ETF (HAIL) has a volatility of 10.77%. This indicates that FGSM experiences smaller price fluctuations and is considered to be less risky than HAIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FGSM	HAIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.18%	10.77%	-6.59%
Volatility (6M) Calculated over the trailing 6-month period	11.05%	22.28%	-11.23%
Volatility (1Y) Calculated over the trailing 1-year period	14.81%	29.25%	-14.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.80%	31.80%	-14.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.80%	31.72%	-13.92%

FGSM vs. HAIL - Expense Ratio Comparison

FGSM has a 0.90% expense ratio, which is higher than HAIL's 0.45% expense ratio.

Dividends

FGSM vs. HAIL - Dividend Comparison

FGSM's dividend yield for the trailing twelve months is around 1.35%, less than HAIL's 1.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FGSM Frontier Asset Global Small Cap Equity ETF	1.35%	1.56%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HAIL SPDR S&P Kensho Smart Mobility ETF	1.44%	2.00%	2.98%	2.62%	2.09%	1.36%	0.52%	1.17%	2.54%

Frequently Asked Questions

Can I hold both FGSM and HAIL in my portfolio?

FGSM and HAIL have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FGSM or HAIL?

HAIL has higher volatility (10.77%) compared to FGSM (4.18%). In terms of maximum drawdown, FGSM dropped -17.72% vs HAIL's -65.98%.

Which ETF is better, FGSM or HAIL?

On 1-year performance, HAIL leads with 57.23% vs 33.31% for FGSM. On fees, HAIL is cheaper at 0.45% per year. On volatility, FGSM has been the lower-risk option at 4.18%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FGSM or HAIL?

Over the 1-year period, HAIL has performed better with a 57.23% return vs 33.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FGSM or HAIL?

HAIL is cheaper with a 0.45% expense ratio, compared with 0.90% for FGSM.

Which ETF pays a higher dividend yield, FGSM or HAIL?

HAIL has the higher dividend yield at 1.44%, compared with 1.35% for FGSM.

What is the main difference between FGSM and HAIL?

They also come from different issuers: Frontier and State Street. Their fees differ too: 0.90% for FGSM and 0.45% for HAIL.

Which has better risk-adjusted returns?

FGSM currently has the higher Sharpe Ratio (2.26 vs 1.97), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.