HAIL vs. KLMT

Last updated Jul 14, 2026

HAIL (SPDR S&P Kensho Smart Mobility ETF) and KLMT (Invesco MSCI Global Climate 500 ETF) are both Global Equities funds - HAIL tracks the S&P Kensho Smart Transportation Index while KLMT tracks the MSCI ACWI Select Climate 500 Index. Both are passively managed. Over the past year, HAIL returned 20.29% vs 22.35% for KLMT. A 0.77 correlation means they provide meaningful diversification when combined. HAIL charges 0.45%/yr vs 0.10%/yr for KLMT.

Performance

HAIL vs. KLMT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Kensho Smart Mobility ETF (HAIL) and Invesco MSCI Global Climate 500 ETF (KLMT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with HAIL having a 11.43% return and KLMT slightly higher at 11.63%.

HAIL

• 1D: -2.36%
• 1M: -7.55%
• 6M: 0.56%
• YTD: 11.43%
• 1Y: 20.29%
• 3Y*: 3.17%
• 5Y*: -6.47%
• 10Y*: —

KLMT

• 1D: -1.12%
• 1M: 0.93%
• 6M: 9.01%
• YTD: 11.63%
• 1Y: 22.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HAIL vs. KLMT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
HAIL SPDR S&P Kensho Smart Mobility ETF	11.43%	19.62%	5.63%
KLMT Invesco MSCI Global Climate 500 ETF	11.63%	21.31%	4.94%

Correlation

The correlation between HAIL and KLMT is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.75
Correlation (All Time) Calculated using the full available price history since Jun 26, 2024	0.77

The correlation between HAIL and KLMT has been stable across timeframes, ranging from 0.75 to 0.77 - a consistent structural relationship.

HAIL vs. KLMT - Sectors Allocation Comparison

Sectors	HAIL	KLMT
Technology	39.4%	25.2%
Consumer Cyclical	32.6%	6.3%
Industrials	21.0%	5.6%
Communication Services	4.8%	6.6%
Financial Services	3.1%	8.6%
Basic Materials	1.2%	1.9%
Energy	1.1%	2.3%
Consumer Defensive	-	3.4%
Healthcare	-	6.3%
Real Estate	-	1.5%
Utilities	-	0.9%

Return for Risk

HAIL vs. KLMT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HAIL

HAIL Risk / Return Rank: 24
HAIL Sharpe Ratio Rank: 22
HAIL Sortino Ratio Rank: 23
HAIL Omega Ratio Rank: 22
HAIL Calmar Ratio Rank: 28
HAIL Martin Ratio Rank: 26

KLMT

KLMT Risk / Return Rank: 64
KLMT Sharpe Ratio Rank: 64
KLMT Sortino Ratio Rank: 63
KLMT Omega Ratio Rank: 63
KLMT Calmar Ratio Rank: 59
KLMT Martin Ratio Rank: 69

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HAIL vs. KLMT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Kensho Smart Mobility ETF (HAIL) and Invesco MSCI Global Climate 500 ETF (KLMT). 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	KLMT	Difference
Sharpe ratio: Return per unit of total volatility	0.65	1.67	-1.02
Sortino ratio: Return per unit of downside risk	1.07	2.34	-1.27
Omega ratio: Gain probability vs. loss probability	1.13	1.30	-0.17
Calmar ratio: Return relative to maximum drawdown	1.09	2.35	-1.26
Martin ratio: Return relative to average drawdown	2.78	9.88	-7.10

HAIL vs. KLMT - Sharpe Ratio Comparison

The current HAIL Sharpe Ratio is 0.65, which is lower than the KLMT Sharpe Ratio of 1.67. The chart below compares the historical Sharpe Ratios of HAIL and KLMT, 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. KLMT - Drawdown Comparison

The maximum HAIL drawdown since its inception was -65.98%, which is greater than KLMT's maximum drawdown of -16.87%. Use the drawdown chart below to compare losses from any high point for HAIL and KLMT.

Drawdown Indicators

	HAIL	KLMT	Difference
Max Drawdown Largest peak-to-trough decline	-65.98%	-16.87%	-49.11%
Max Drawdown (1Y) Largest decline over 1 year	-18.64%	-9.54%	-9.10%
Max Drawdown (3Y) Largest decline over 3 years	-40.96%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-63.01%	—	—
Current Drawdown Current decline from peak	-41.22%	-1.14%	-40.08%
Average Drawdown Average peak-to-trough decline	-31.66%	-1.89%	-29.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.30%	2.27%	+5.03%

Volatility

HAIL vs. KLMT - Volatility Comparison

SPDR S&P Kensho Smart Mobility ETF (HAIL) has a higher volatility of 11.00% compared to Invesco MSCI Global Climate 500 ETF (KLMT) at 4.58%. This indicates that HAIL's price experiences larger fluctuations and is considered to be riskier than KLMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HAIL	KLMT	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.00%	4.58%	+6.42%
Volatility (6M) Calculated over the trailing 6-month period	25.31%	11.24%	+14.07%
Volatility (1Y) Calculated over the trailing 1-year period	31.65%	13.49%	+18.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.31%	15.93%	+16.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.90%	15.93%	+15.97%

HAIL vs. KLMT - Expense Ratio Comparison

HAIL has a 0.45% expense ratio, which is higher than KLMT's 0.10% expense ratio.

Dividends

HAIL vs. KLMT - Dividend Comparison

HAIL's dividend yield for the trailing twelve months is around 1.71%, less than KLMT's 1.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
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%
KLMT Invesco MSCI Global Climate 500 ETF	1.76%	1.95%	0.85%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HAIL and KLMT in my portfolio?

HAIL and KLMT have a correlation of 0.75, 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 KLMT?

HAIL has higher volatility (11.00%) compared to KLMT (4.58%). In terms of maximum drawdown, HAIL dropped -65.98% vs KLMT's -16.87%.

Which ETF is better, HAIL or KLMT?

On 1-year performance, KLMT leads with 22.35% vs 20.29% for HAIL. On fees, KLMT is cheaper at 0.10% per year. On volatility, KLMT has been the lower-risk option at 4.58%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HAIL or KLMT?

Over the 1-year period, KLMT has performed better with a 22.35% return vs 20.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HAIL or KLMT?

KLMT is cheaper with a 0.10% expense ratio, compared with 0.45% for HAIL.

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

KLMT has the higher dividend yield at 1.76%, compared with 1.71% for HAIL.

What is the main difference between HAIL and KLMT?

HAIL tracks S&P Kensho Smart Transportation Index, while KLMT tracks MSCI ACWI Select Climate 500 Index. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.45% for HAIL and 0.10% for KLMT.

Which has better risk-adjusted returns?

KLMT currently has the higher Sharpe Ratio (1.67 vs 0.65), 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.