HAIL vs. NZAC

Last updated Jun 3, 2026

HAIL (SPDR S&P Kensho Smart Mobility ETF) and NZAC (SPDR MSCI ACWI Climate Paris Aligned ETF) are both Global Equities funds from State Street - HAIL tracks the S&P Kensho Smart Transportation Index while NZAC tracks the MSCI ACWI Climate Paris Aligned Index. Both are passively managed. Over the past 5 years, HAIL returned -4.71%/yr vs 10.26%/yr for NZAC. A 0.75 correlation means they provide meaningful diversification when combined. HAIL charges 0.45%/yr vs 0.12%/yr for NZAC.

Performance

HAIL vs. NZAC - Performance Comparison

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

Returns By Period

In the year-to-date period, HAIL achieves a 34.24% return, which is significantly higher than NZAC's 9.73% return.

HAIL

• 1D: 3.04%
• 1M: 18.49%
• YTD: 34.24%
• 6M: 34.66%
• 1Y: 65.65%
• 3Y*: 16.30%
• 5Y*: -4.71%
• 10Y*: —

NZAC

• 1D: 0.56%
• 1M: 4.72%
• YTD: 9.73%
• 6M: 10.87%
• 1Y: 26.10%
• 3Y*: 19.38%
• 5Y*: 10.26%
• 10Y*: 12.25%

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

HAIL vs. NZAC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HAIL SPDR S&P Kensho Smart Mobility ETF	34.24%	19.62%	-6.98%	9.65%	-45.72%	1.95%	84.33%	30.63%	-19.96%	-0.65%
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF	9.73%	20.55%	16.67%	23.22%	-19.77%	18.35%	17.21%	28.24%	-9.80%	-0.13%

Correlation

The correlation between HAIL and NZAC is 0.73, 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	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (All Time) Calculated using the full available price history since Dec 28, 2017	0.75

The correlation between HAIL and NZAC has been stable across timeframes, ranging from 0.73 to 0.77 - a consistent structural relationship.

HAIL vs. NZAC - Sectors Allocation Comparison

Sectors	HAIL	NZAC
Consumer Cyclical	34.2%	8.2%
Technology	33.1%	34.3%
Industrials	20.2%	7.3%
Communication Services	4.9%	8.5%
Energy	4.4%	1.2%
Financial Services	1.9%	13.1%
Basic Materials	1.2%	1.9%
Consumer Defensive	-	1.0%
Healthcare	-	7.8%
Real Estate	-	5.2%
Utilities	-	1.4%

Return for Risk

HAIL vs. NZAC — Risk / Return Rank

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

HAIL

HAIL Risk / Return Rank: 62
HAIL Sharpe Ratio Rank: 67
HAIL Sortino Ratio Rank: 61
HAIL Omega Ratio Rank: 56
HAIL Calmar Ratio Rank: 68
HAIL Martin Ratio Rank: 58

NZAC

NZAC Risk / Return Rank: 58
NZAC Sharpe Ratio Rank: 59
NZAC Sortino Ratio Rank: 60
NZAC Omega Ratio Rank: 58
NZAC Calmar Ratio Rank: 52
NZAC Martin Ratio Rank: 62

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. NZAC - 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 MSCI ACWI Climate Paris Aligned ETF (NZAC). 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.

	HAIL	NZAC	Difference
Sharpe ratio Return per unit of total volatility	2.26	2.03	+0.23
Sortino ratio Return per unit of downside risk	2.90	2.85	+0.05
Omega ratio Gain probability vs. loss probability	1.35	1.36	-0.01
Calmar ratio Return relative to maximum drawdown	3.44	2.61	+0.83
Martin ratio Return relative to average drawdown	10.42	11.35	-0.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HAIL vs. NZAC - Sharpe Ratio Comparison

The current HAIL Sharpe Ratio is 2.26, which is comparable to the NZAC Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of HAIL and NZAC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HAIL	NZAC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.26	2.03	+0.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.15	0.61	-0.76
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.72	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	0.62	-0.41

Drawdowns

HAIL vs. NZAC - Drawdown Comparison

The maximum HAIL drawdown since its inception was -65.98%, which is greater than NZAC's maximum drawdown of -33.72%. Use the drawdown chart below to compare losses from any high point for HAIL and NZAC.

Drawdown Indicators

	HAIL	NZAC	Difference
Max Drawdown Largest peak-to-trough decline	-65.98%	-33.72%	-32.26%
Max Drawdown (1Y) Largest decline over 1 year	-18.64%	-10.10%	-8.54%
Max Drawdown (3Y) Largest decline over 3 years	-40.96%	-16.19%	-24.77%
Max Drawdown (5Y) Largest decline over 5 years	-63.12%	-28.31%	-34.81%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.72%	—
Current Drawdown Current decline from peak	-29.19%	0.00%	-29.19%
Average Drawdown Average peak-to-trough decline	-31.60%	-5.32%	-26.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.15%	2.32%	+3.83%

Volatility

HAIL vs. NZAC - Volatility Comparison

SPDR S&P Kensho Smart Mobility ETF (HAIL) has a higher volatility of 10.46% compared to SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC) at 3.66%. This indicates that HAIL's price experiences larger fluctuations and is considered to be riskier than NZAC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HAIL	NZAC	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.46%	3.66%	+6.80%
Volatility (6M) Calculated over the trailing 6-month period	22.18%	10.33%	+11.85%
Volatility (1Y) Calculated over the trailing 1-year period	29.23%	12.91%	+16.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.79%	16.81%	+14.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.73%	17.14%	+14.59%

HAIL vs. NZAC - Expense Ratio Comparison

HAIL has a 0.45% expense ratio, which is higher than NZAC's 0.12% expense ratio.

Dividends

HAIL vs. NZAC - Dividend Comparison

HAIL's dividend yield for the trailing twelve months is around 1.41%, less than NZAC's 2.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HAIL SPDR S&P Kensho Smart Mobility ETF	1.41%	2.00%	2.98%	2.62%	2.09%	1.36%	0.52%	1.17%	2.54%	0.00%	0.00%	0.00%
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF	2.02%	1.90%	1.88%	1.65%	1.81%	1.62%	1.59%	2.17%	2.53%	2.20%	2.00%	2.40%

Frequently Asked Questions

Can I hold both HAIL and NZAC in my portfolio?

HAIL and NZAC have a correlation of 0.73, 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 NZAC?

HAIL has higher volatility (10.46%) compared to NZAC (3.66%). In terms of maximum drawdown, HAIL dropped -65.98% vs NZAC's -33.72%.

Which ETF is better, HAIL or NZAC?

On 5-year performance, NZAC leads with 10.26% vs -4.71% for HAIL. On fees, NZAC is cheaper at 0.12% per year. On volatility, NZAC has been the lower-risk option at 3.66%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HAIL or NZAC?

Over the 5-year period, NZAC has performed better with a 10.26% return vs -4.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HAIL or NZAC?

NZAC is cheaper with a 0.12% expense ratio, compared with 0.45% for HAIL.

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

NZAC has the higher dividend yield at 2.02%, compared with 1.41% for HAIL.

What is the main difference between HAIL and NZAC?

HAIL tracks S&P Kensho Smart Transportation Index, while NZAC tracks MSCI ACWI Climate Paris Aligned Index. Their fees differ too: 0.45% for HAIL and 0.12% for NZAC.

Which has better risk-adjusted returns?

HAIL currently has the higher Sharpe Ratio (2.26 vs 2.03), 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.