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:
0.13
^GSPC:
1.62
HAIL:
0.35
^GSPC:
2.20
HAIL:
1.04
^GSPC:
1.30
HAIL:
0.05
^GSPC:
2.46
HAIL:
0.34
^GSPC:
10.01
HAIL:
9.75%
^GSPC:
2.08%
HAIL:
26.38%
^GSPC:
12.88%
HAIL:
-61.76%
^GSPC:
-56.78%
HAIL:
-55.09%
^GSPC:
-2.13%
Returns By Period
In the year-to-date period, HAIL achieves a 1.85% return, which is significantly lower than ^GSPC's 2.24% return.
HAIL
1.85%
0.29%
5.91%
4.33%
-0.53%
N/A
^GSPC
2.24%
-1.20%
6.72%
18.21%
12.53%
11.04%
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Risk-Adjusted Performance
HAIL vs. ^GSPC — Risk-Adjusted Performance Rank
HAIL
^GSPC
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 6.61% compared to S&P 500 (^GSPC) at 3.43%. 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.