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.
Key characteristics
| HAIL | ^GSPC | |
|---|---|---|
| YTD Return | -12.67% | 19.77% |
| 1Y Return | -0.57% | 31.07% |
| 3Y Return (Ann) | -22.83% | 6.78% |
| 5Y Return (Ann) | 0.74% | 13.22% |
| Sharpe Ratio | 0.08 | 2.67 |
| Sortino Ratio | 0.31 | 3.55 |
| Omega Ratio | 1.03 | 1.50 |
| Calmar Ratio | 0.04 | 3.45 |
| Martin Ratio | 0.21 | 17.04 |
| Ulcer Index | 10.79% | 1.90% |
| Daily Std Dev | 27.32% | 12.10% |
| Max Drawdown | -61.75% | -56.78% |
| Current Drawdown | -58.60% | -2.59% |
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
In the year-to-date period, HAIL achieves a -12.67% return, which is significantly lower than ^GSPC's 19.77% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
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 -61.75%, 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 7.48% compared to S&P 500 (^GSPC) at 3.11%. 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.