HAIL vs. DRIV
Compare and contrast key facts about SPDR S&P Kensho Smart Mobility ETF (HAIL) and Global X Autonomous & Electric Vehicles ETF (DRIV).
HAIL and DRIV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. DRIV is a passively managed fund by Global X that tracks the performance of the Solactive Autonomous & Electric Vehicles Index. It was launched on Apr 13, 2018. Both HAIL and DRIV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HAIL or DRIV.
Performance
HAIL vs. DRIV - Performance Comparison
Returns By Period
In the year-to-date period, HAIL achieves a -10.30% return, which is significantly lower than DRIV's -4.33% return.
HAIL
-10.30%
-0.63%
-2.50%
1.43%
1.31%
N/A
DRIV
-4.33%
2.40%
-2.99%
3.81%
11.87%
N/A
Key characteristics
| HAIL | DRIV | |
|---|---|---|
| Sharpe Ratio | 0.06 | 0.18 |
| Sortino Ratio | 0.28 | 0.39 |
| Omega Ratio | 1.03 | 1.05 |
| Calmar Ratio | 0.03 | 0.12 |
| Martin Ratio | 0.16 | 0.51 |
| Ulcer Index | 11.14% | 7.68% |
| Daily Std Dev | 26.84% | 22.09% |
| Max Drawdown | -61.75% | -39.24% |
| Current Drawdown | -57.48% | -24.32% |
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HAIL vs. DRIV - Expense Ratio Comparison
HAIL has a 0.45% expense ratio, which is lower than DRIV's 0.68% expense ratio.
Correlation
The correlation between HAIL and DRIV is 0.90, 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. DRIV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Kensho Smart Mobility ETF (HAIL) and Global X Autonomous & Electric Vehicles ETF (DRIV). 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.
Dividends
HAIL vs. DRIV - Dividend Comparison
HAIL's dividend yield for the trailing twelve months is around 3.00%, more than DRIV's 1.74% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
HAIL SPDR S&P Kensho Smart Mobility ETF | 3.00% | 2.62% | 2.09% | 1.36% | 0.52% | 1.17% | 2.54% |
DRIV Global X Autonomous & Electric Vehicles ETF | 1.74% | 1.62% | 1.24% | 0.32% | 0.29% | 1.23% | 2.79% |
Drawdowns
HAIL vs. DRIV - Drawdown Comparison
The maximum HAIL drawdown since its inception was -61.75%, which is greater than DRIV's maximum drawdown of -39.24%. Use the drawdown chart below to compare losses from any high point for HAIL and DRIV. For additional features, visit the drawdowns tool.
Volatility
HAIL vs. DRIV - Volatility Comparison
SPDR S&P Kensho Smart Mobility ETF (HAIL) has a higher volatility of 7.92% compared to Global X Autonomous & Electric Vehicles ETF (DRIV) at 5.74%. This indicates that HAIL's price experiences larger fluctuations and is considered to be riskier than DRIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.