HAIL vs. ^GSPC
Compare and contrast key facts about SPDR S&P Kensho Smart Mobility ETF (HAIL) and S&P 500 (^GSPC).
HAIL is a passively managed fund by State Street that tracks the performance of the S&P Kensho Smart Transportation Index. It was launched on Dec 26, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HAIL or ^GSPC.
Correlation
The correlation between HAIL and ^GSPC is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
HAIL vs. ^GSPC - Performance Comparison
Key characteristics
HAIL:
-0.18
^GSPC:
2.07
HAIL:
-0.07
^GSPC:
2.76
HAIL:
0.99
^GSPC:
1.39
HAIL:
-0.08
^GSPC:
3.05
HAIL:
-0.42
^GSPC:
13.27
HAIL:
11.46%
^GSPC:
1.95%
HAIL:
26.85%
^GSPC:
12.52%
HAIL:
-61.76%
^GSPC:
-56.78%
HAIL:
-55.70%
^GSPC:
-1.91%
Returns By Period
In the year-to-date period, HAIL achieves a -6.55% return, which is significantly lower than ^GSPC's 25.25% return.
HAIL
-6.55%
2.34%
5.16%
-5.63%
1.00%
N/A
^GSPC
25.25%
0.08%
9.66%
25.65%
13.17%
11.11%
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Risk-Adjusted Performance
HAIL vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Kensho Smart Mobility ETF (HAIL) and S&P 500 (^GSPC). 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.
Drawdowns
HAIL vs. ^GSPC - Drawdown Comparison
The maximum HAIL drawdown since its inception was -61.76%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for HAIL and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
HAIL vs. ^GSPC - Volatility Comparison
SPDR S&P Kensho Smart Mobility ETF (HAIL) has a higher volatility of 8.30% compared to S&P 500 (^GSPC) at 3.82%. This indicates that HAIL's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.