HAIL vs. ^GSPC
Compare and contrast key facts about SPDR S&P Kensho Smart Mobility ETF (HAIL) and S&P 500 (^GSPC).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HAIL or ^GSPC.
Correlation
The correlation between HAIL and ^GSPC is 0.73, 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.
Performance
HAIL vs. ^GSPC - Performance Comparison
Key characteristics
HAIL:
-0.67
^GSPC:
-0.17
HAIL:
-0.78
^GSPC:
-0.11
HAIL:
0.91
^GSPC:
0.98
HAIL:
-0.30
^GSPC:
-0.15
HAIL:
-1.80
^GSPC:
-0.79
HAIL:
10.83%
^GSPC:
3.36%
HAIL:
29.05%
^GSPC:
15.95%
HAIL:
-64.13%
^GSPC:
-56.78%
HAIL:
-64.13%
^GSPC:
-17.42%
Returns By Period
In the year-to-date period, HAIL achieves a -18.67% return, which is significantly lower than ^GSPC's -13.73% return.
HAIL
-18.67%
-16.05%
-18.52%
-18.35%
5.84%
N/A
^GSPC
-13.73%
-13.15%
-11.77%
-1.42%
15.35%
9.37%
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Risk-Adjusted Performance
HAIL vs. ^GSPC — Risk-Adjusted Performance Rank
HAIL
^GSPC
HAIL vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Kensho Smart Mobility ETF (HAIL) and S&P 500 (^GSPC). 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.
Drawdowns
HAIL vs. ^GSPC - Drawdown Comparison
The maximum HAIL drawdown since its inception was -64.13%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for HAIL and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
HAIL vs. ^GSPC - Volatility Comparison
SPDR S&P Kensho Smart Mobility ETF (HAIL) has a higher volatility of 12.48% compared to S&P 500 (^GSPC) at 9.30%. This indicates that HAIL's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.