HAIL vs. BOAT

Last updated Aug 4, 2026

HAIL (SPDR S&P Kensho Smart Mobility ETF) and BOAT (SonicShares Global Shipping ETF) are both exchange-traded funds - HAIL is a Global Equities fund tracking the S&P Kensho Smart Transportation Index, while BOAT is a Industrials Equities fund tracking the Solactive Global Shipping Index. Both are passively managed. Over the past 5 years, HAIL returned -6.32%/yr vs 25.20%/yr for BOAT. Their 0.40 correlation means their historical movements had little consistent relationship. HAIL charges 0.45%/yr vs 0.69%/yr for BOAT.

Performance

HAIL vs. BOAT - Performance Comparison

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

Returns By Period

In the year-to-date period, HAIL achieves a 11.97% return, which is significantly lower than BOAT's 45.07% return.

HAIL

• 1D: 1.90%
• 1M: -3.51%
• 6M: 7.47%
• YTD: 11.97%
• 1Y: 24.40%
• 3Y*: 2.93%
• 5Y*: -6.32%
• 10Y*: —
• ALL TIME*: 4.40%

BOAT

• 1D: 0.20%
• 1M: 13.47%
• 6M: 27.28%
• YTD: 45.07%
• 1Y: 59.66%
• 3Y*: 26.95%
• 5Y*: 25.20%
• 10Y*: —
• ALL TIME*: 24.82%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BOAT SonicShares Global Shipping ETF	$1.71M	$1.08M	$1.06M
HAIL SPDR S&P Kensho Smart Mobility ETF	$27.63K	$158.03K	$150.74K

HAIL vs. BOAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
HAIL SPDR S&P Kensho Smart Mobility ETF	11.97%	19.62%	-6.98%	9.65%	-45.72%	-4.41%
BOAT SonicShares Global Shipping ETF	45.07%	22.77%	5.97%	24.53%	6.26%	21.24%

Correlation

The correlation between HAIL and BOAT is 0.24, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.24
Correlation (3Y) Balances recent behavior with more history.	0.29
Correlation (5Y) Shows whether the relationship held over a longer period.	0.40
Correlation (All Time) Calculated using the full available price history since Aug 4, 2021	0.40

The correlation between HAIL and BOAT shifts across timeframes, from 0.24 (1 year) to 0.40 (all time), reflecting how their relationship changes across market environments.

HAIL vs. BOAT - Sectors Allocation Comparison

Sectors	HAIL	BOAT
Technology	37.8%	-
Consumer Cyclical	36.2%	-
Industrials	20.3%	29.2%
Communication Services	4.0%	-
Financial Services	3.1%	6.6%
Basic Materials	0.8%	-
Energy	0.8%	10.3%
Consumer Defensive	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

HAIL vs. BOAT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

HAIL

HAIL Risk / Return Rank: 31
HAIL Sharpe Ratio Rank: 31
HAIL Sortino Ratio Rank: 31
HAIL Omega Ratio Rank: 30
HAIL Calmar Ratio Rank: 34
HAIL Martin Ratio Rank: 31

BOAT

BOAT Risk / Return Rank: 93
BOAT Sharpe Ratio Rank: 95
BOAT Sortino Ratio Rank: 94
BOAT Omega Ratio Rank: 92
BOAT Calmar Ratio Rank: 94
BOAT Martin Ratio Rank: 90

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

HAIL vs. BOAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Kensho Smart Mobility ETF (HAIL) and SonicShares Global Shipping ETF (BOAT). 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	BOAT	Difference
Sharpe ratio: Return per unit of total volatility	0.77	2.90	-2.13
Sortino ratio: Return per unit of downside risk	1.22	3.75	-2.53
Omega ratio: Gain probability vs. loss probability	1.15	1.46	-0.32
Calmar ratio: Return relative to maximum drawdown	1.18	5.17	-3.99
Martin ratio: Return relative to average drawdown	2.90	14.58	-11.68

HAIL vs. BOAT - Sharpe Ratio Comparison

The current HAIL Sharpe Ratio is 0.77, which is lower than the BOAT Sharpe Ratio of 2.90. The chart below compares the historical Sharpe Ratios of HAIL and BOAT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HAIL vs. BOAT - Drawdown Comparison

The maximum HAIL drawdown since its inception was -65.98%, which is greater than BOAT's maximum drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for HAIL and BOAT.

Drawdown Indicators

	HAIL	BOAT	Difference
Max Drawdown Largest peak-to-trough decline	-65.98%	-33.94%	-32.04%
Max Drawdown (1Y) Largest decline over 1 year	-20.80%	-11.60%	-9.20%
Max Drawdown (3Y) Largest decline over 3 years	-37.18%	-33.94%	-3.24%
Max Drawdown (5Y) Largest decline over 5 years	-63.01%	-33.94%	-29.07%
Current Drawdown Current decline from peak	-40.94%	-0.54%	-40.40%
Average Drawdown Average peak-to-trough decline	-31.73%	-9.51%	-22.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.43%	4.10%	+4.33%

Volatility

HAIL vs. BOAT - Volatility Comparison

SPDR S&P Kensho Smart Mobility ETF (HAIL) has a higher volatility of 9.36% compared to SonicShares Global Shipping ETF (BOAT) at 6.64%. This indicates that HAIL's price experiences larger fluctuations and is considered to be riskier than BOAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HAIL	BOAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.36%	6.64%	+2.72%
Volatility (6M) Calculated over the trailing 6-month period	25.47%	16.86%	+8.61%
Volatility (1Y) Calculated over the trailing 1-year period	32.00%	20.72%	+11.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.33%	25.06%	+7.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.88%	25.06%	+6.82%

HAIL vs. BOAT - Expense Ratio Comparison

HAIL has a 0.45% expense ratio, which is lower than BOAT's 0.69% expense ratio.

Dividends

HAIL vs. BOAT - Dividend Comparison

HAIL's dividend yield for the trailing twelve months is around 1.71%, less than BOAT's 6.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BOAT SonicShares Global Shipping ETF	6.34%	8.08%	13.89%	13.65%	13.57%	1.36%	0.00%	0.00%	0.00%
HAIL SPDR S&P Kensho Smart Mobility ETF	1.71%	2.00%	2.98%	2.62%	2.09%	1.36%	0.52%	1.17%	2.54%

Frequently Asked Questions

Can I hold both HAIL and BOAT in my portfolio?

HAIL and BOAT have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HAIL or BOAT?

HAIL has higher volatility (9.36%) compared to BOAT (6.64%). In terms of maximum drawdown, HAIL dropped -65.98% vs BOAT's -33.94%.

Which ETF is better, HAIL or BOAT?

On 5-year performance, BOAT leads with 25.20% vs -6.32% for HAIL. On fees, HAIL is cheaper at 0.45% per year. On volatility, BOAT has been the lower-risk option at 6.64%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HAIL or BOAT?

Over the 5-year period, BOAT has performed better with a 25.20% return vs -6.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HAIL or BOAT?

HAIL is cheaper with a 0.45% expense ratio, compared with 0.69% for BOAT.

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

BOAT has the higher dividend yield at 6.34%, compared with 1.71% for HAIL.

What is the main difference between HAIL and BOAT?

HAIL is categorized as Global Equities, while BOAT is Industrials Equities. HAIL tracks S&P Kensho Smart Transportation Index, while BOAT tracks Solactive Global Shipping Index. They also come from different issuers: State Street and Tidal. Their fees differ too: 0.45% for HAIL and 0.69% for BOAT.

Which has better risk-adjusted returns?

BOAT currently has the higher Sharpe Ratio (2.90 vs 0.77), 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.