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.
Performance
HAIL vs. ^GSPC - Performance Comparison
Returns By Period
In the year-to-date period, HAIL achieves a -10.30% return, which is significantly lower than ^GSPC's 25.15% return.
HAIL
-10.30%
-0.63%
-2.50%
1.43%
1.31%
N/A
^GSPC
25.15%
2.97%
12.53%
31.00%
13.95%
11.21%
Key characteristics
| HAIL | ^GSPC | |
|---|---|---|
| Sharpe Ratio | 0.06 | 2.53 |
| Sortino Ratio | 0.28 | 3.39 |
| Omega Ratio | 1.03 | 1.47 |
| Calmar Ratio | 0.03 | 3.65 |
| Martin Ratio | 0.16 | 16.21 |
| Ulcer Index | 11.14% | 1.91% |
| Daily Std Dev | 26.84% | 12.23% |
| Max Drawdown | -61.75% | -56.78% |
| Current Drawdown | -57.48% | -0.53% |
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Correlation
The correlation between HAIL and ^GSPC is 0.74, 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.
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 -61.75%, 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 7.89% compared to S&P 500 (^GSPC) at 3.97%. 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.