HAIL vs. NZAC
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 -6.32%/yr vs 9.41%/yr for NZAC. Their 0.75 correlation means they have sometimes moved together and sometimes differently. HAIL charges 0.45%/yr vs 0.12%/yr for NZAC.
Performance
HAIL vs. NZAC - Performance Comparison
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Returns By Period
In the year-to-date period, HAIL achieves a 11.97% return, which is significantly higher than NZAC's 8.44% 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%
NZAC
- 1D
- 1.08%
- 1M
- 1.18%
- 6M
- 6.93%
- YTD
- 8.44%
- 1Y
- 20.16%
- 3Y*
- 17.85%
- 5Y*
- 9.41%
- 10Y*
- 11.74%
- ALL TIME*
- 10.15%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $27.63K | $158.03K | $150.74K | |
| $189.55K | $148.28K | $202.23K |
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 | 11.97% | 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 | 8.44% | 20.55% | 16.67% | 23.22% | -19.77% | 18.35% | 17.21% | 28.24% | -9.80% | -0.06% |
Correlation
The correlation between HAIL and NZAC is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.78 |
Correlation (3Y) Balances recent behavior with more history. | 0.75 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.78 |
Correlation (All Time) Calculated using the full available price history since Dec 27, 2017 | 0.75 |
The correlation between HAIL and NZAC has been stable across timeframes, ranging from 0.75 to 0.78 - a consistent structural relationship.
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Return for Risk
HAIL vs. NZAC — Risk / Return Rank
HAIL
NZAC
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.
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 | NZAC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.68 | ||
| Sortino ratioReturn per unit of downside risk | -0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.26 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.18 | 2.01 | -0.83 |
| Martin ratioReturn relative to average drawdown | 2.90 | 7.93 | -5.03 |
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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.
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Drawdown Indicators
| HAIL | NZAC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.98% | -33.72% | -32.26% |
Max Drawdown (1Y)Largest decline over 1 year | -20.80% | -10.10% | -10.70% |
Max Drawdown (3Y)Largest decline over 3 years | -37.18% | -16.19% | -20.99% |
Max Drawdown (5Y)Largest decline over 5 years | -63.01% | -28.31% | -34.70% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.72% | — |
Current DrawdownCurrent decline from peak | -40.94% | -1.17% | -39.77% |
Average DrawdownAverage peak-to-trough decline | -31.73% | -5.28% | -26.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.43% | 2.55% | +5.88% |
Volatility
HAIL vs. NZAC - Volatility Comparison
SPDR S&P Kensho Smart Mobility ETF (HAIL) has a higher volatility of 9.36% compared to SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC) at 4.21%. 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.
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Volatility by Period
| HAIL | NZAC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.36% | 4.21% | +5.15% |
Volatility (6M)Calculated over the trailing 6-month period | 25.47% | 11.67% | +13.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.00% | 14.03% | +17.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.33% | 16.97% | +15.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.88% | 17.08% | +14.80% |
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 1.71%, less than NZAC's 2.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF | 2.04% | 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
HAIL and NZAC have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HAIL has higher volatility (9.36%) compared to NZAC (4.21%). In terms of maximum drawdown, HAIL dropped -65.98% vs NZAC's -33.72%.
On 5-year performance, NZAC leads with 9.41% vs -6.32% for HAIL. On fees, NZAC is cheaper at 0.12% per year. On volatility, NZAC has been the lower-risk option at 4.21%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, NZAC has performed better with a 9.41% return vs -6.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NZAC is cheaper with a 0.12% expense ratio, compared with 0.45% for HAIL.
NZAC has the higher dividend yield at 2.04%, compared with 1.71% for HAIL.
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.
NZAC currently has the higher Sharpe Ratio (1.45 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.
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