HAIL vs. BIL
HAIL (SPDR S&P Kensho Smart Mobility ETF) and BIL (SPDR Bloomberg 1-3 Month T-Bill ETF) are both exchange-traded funds - HAIL is a Global Equities fund tracking the S&P Kensho Smart Transportation Index, while BIL is a Government Bonds fund tracking the Bloomberg 1-3 Month U.S. Treasury Bill Index. Both are passively managed. Over the past 5 years, HAIL returned -7.00%/yr vs 3.45%/yr for BIL. At a correlation of -0.02, they often move in opposite directions. HAIL charges 0.45%/yr vs 0.14%/yr for BIL.
Performance
HAIL vs. BIL - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HAIL achieves a 16.75% return, which is significantly higher than BIL's 1.67% return.
HAIL
- 1D
- -3.39%
- 1M
- -4.49%
- YTD
- 16.75%
- 6M
- 13.47%
- 1Y
- 36.55%
- 3Y*
- 9.90%
- 5Y*
- -7.00%
- 10Y*
- —
BIL
- 1D
- 0.01%
- 1M
- 0.28%
- YTD
- 1.67%
- 6M
- 1.76%
- 1Y
- 3.84%
- 3Y*
- 4.60%
- 5Y*
- 3.45%
- 10Y*
- 2.20%
HAIL vs. BIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HAIL SPDR S&P Kensho Smart Mobility ETF | 16.75% | 19.62% | -6.98% | 9.65% | -45.72% | 1.95% | 84.33% | 30.63% | -19.96% | -0.65% |
BIL SPDR Bloomberg 1-3 Month T-Bill ETF | 1.67% | 4.15% | 5.19% | 4.94% | 1.40% | -0.10% | 0.40% | 2.03% | 1.74% | 0.00% |
Correlation
The correlation between HAIL and BIL is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Dec 27, 2017 | -0.02 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HAIL vs. BIL — Risk / Return Rank
HAIL
BIL
HAIL vs. BIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Kensho Smart Mobility ETF (HAIL) and SPDR Bloomberg 1-3 Month T-Bill ETF (BIL). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HAIL | BIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -18.13 | ||
| Sortino ratioReturn per unit of downside risk | -170.96 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 87.16 | -85.95 |
| Calmar ratioReturn relative to maximum drawdown | 1.97 | 352.24 | -350.27 |
| Martin ratioReturn relative to average drawdown | 5.59 | 2,793.11 | -2,787.52 |
Loading charts...
Drawdowns
HAIL vs. BIL - Drawdown Comparison
The maximum HAIL drawdown since its inception was -65.98%, which is greater than BIL's maximum drawdown of -0.78%. Use the drawdown chart below to compare losses from any high point for HAIL and BIL.
Loading charts...
Drawdown Indicators
| HAIL | BIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.98% | -0.78% | -65.20% |
Max Drawdown (1Y)Largest decline over 1 year | -18.64% | -0.01% | -18.63% |
Max Drawdown (3Y)Largest decline over 3 years | -40.96% | -0.01% | -40.95% |
Max Drawdown (5Y)Largest decline over 5 years | -63.01% | -0.09% | -62.92% |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.21% | — |
Current DrawdownCurrent decline from peak | -38.42% | 0.00% | -38.42% |
Average DrawdownAverage peak-to-trough decline | -31.61% | -0.26% | -31.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.56% | 0.00% | +6.56% |
Volatility
HAIL vs. BIL - Volatility Comparison
SPDR S&P Kensho Smart Mobility ETF (HAIL) has a higher volatility of 13.59% compared to SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) at 0.07%. This indicates that HAIL's price experiences larger fluctuations and is considered to be riskier than BIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HAIL | BIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.59% | 0.07% | +13.52% |
Volatility (6M)Calculated over the trailing 6-month period | 24.74% | 0.14% | +24.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.90% | 0.20% | +30.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.16% | 0.26% | +31.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.87% | 0.26% | +31.61% |
HAIL vs. BIL - Expense Ratio Comparison
HAIL has a 0.45% expense ratio, which is higher than BIL's 0.14% expense ratio.
Dividends
HAIL vs. BIL - Dividend Comparison
HAIL's dividend yield for the trailing twelve months is around 1.64%, less than BIL's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BIL SPDR Bloomberg 1-3 Month T-Bill ETF | 3.85% | 4.13% | 5.03% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% |
HAIL SPDR S&P Kensho Smart Mobility ETF | 1.64% | 2.00% | 2.98% | 2.62% | 2.09% | 1.36% | 0.52% | 1.17% | 2.54% | 0.00% | 0.00% |
Frequently Asked Questions
HAIL and BIL have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HAIL has higher volatility (13.59%) compared to BIL (0.07%). In terms of maximum drawdown, HAIL dropped -65.98% vs BIL's -0.78%.
On 5-year performance, BIL leads with 3.45% vs -7.00% for HAIL. On fees, BIL is cheaper at 0.14% per year. On volatility, BIL has been the lower-risk option at 0.07%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BIL has performed better with a 3.45% return vs -7.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BIL is cheaper with a 0.14% expense ratio, compared with 0.45% for HAIL.
BIL has the higher dividend yield at 3.85%, compared with 1.64% for HAIL.
HAIL is categorized as Global Equities, while BIL is Government Bonds. HAIL tracks S&P Kensho Smart Transportation Index, while BIL tracks Bloomberg 1-3 Month U.S. Treasury Bill Index. Their fees differ too: 0.45% for HAIL and 0.14% for BIL.
BIL currently has the higher Sharpe Ratio (19.32 vs 1.19), 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.
Find the right allocation for HAIL and BIL
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer