IPKW vs. HAIL

Last updated Jun 4, 2026

IPKW (Invesco International BuyBack Achievers™ ETF) and HAIL (SPDR S&P Kensho Smart Mobility ETF) are both Global Equities funds - IPKW tracks the NASDAQ International BuyBack Achievers Index while HAIL tracks the S&P Kensho Smart Transportation Index. Both are passively managed. Over the past 5 years, IPKW returned 9.19%/yr vs -5.36%/yr for HAIL. A 0.66 correlation means they provide meaningful diversification when combined. IPKW charges 0.55%/yr vs 0.45%/yr for HAIL.

Performance

IPKW vs. HAIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco International BuyBack Achievers™ ETF (IPKW) and SPDR S&P Kensho Smart Mobility ETF (HAIL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IPKW achieves a 6.08% return, which is significantly lower than HAIL's 31.10% return.

IPKW

• 1D: -1.07%
• 1M: 0.86%
• YTD: 6.08%
• 6M: 9.96%
• 1Y: 26.14%
• 3Y*: 23.62%
• 5Y*: 9.19%
• 10Y*: 11.44%

HAIL

• 1D: -2.34%
• 1M: 16.87%
• YTD: 31.10%
• 6M: 29.05%
• 1Y: 58.23%
• 3Y*: 15.38%
• 5Y*: -5.36%
• 10Y*: —

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

IPKW vs. HAIL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IPKW Invesco International BuyBack Achievers™ ETF	6.08%	45.50%	10.56%	15.12%	-12.81%	11.41%	16.18%	20.26%	-21.59%	0.48%
HAIL SPDR S&P Kensho Smart Mobility ETF	31.10%	19.62%	-6.98%	9.65%	-45.72%	1.95%	84.33%	30.63%	-19.96%	-0.65%

Correlation

The correlation between IPKW and HAIL is 0.61, 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	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (5Y) Calculated over the trailing 5-year period	0.65
Correlation (All Time) Calculated using the full available price history since Dec 28, 2017	0.66

The correlation between IPKW and HAIL has been stable across timeframes, ranging from 0.61 to 0.66 - a consistent structural relationship.

IPKW vs. HAIL - Sectors Allocation Comparison

Sectors	IPKW	HAIL
Financial Services	32.3%	1.9%
Energy	21.4%	4.4%
Consumer Cyclical	15.8%	34.2%
Industrials	11.4%	20.2%
Communication Services	6.3%	4.9%
Technology	3.8%	33.1%
Utilities	3.5%	-
Basic Materials	2.9%	1.2%
Real Estate	1.1%	-
Healthcare	1.0%	-
Consumer Defensive	0.4%	-

Return for Risk

IPKW vs. HAIL — Risk / Return Rank

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

IPKW

IPKW Risk / Return Rank: 54
IPKW Sharpe Ratio Rank: 53
IPKW Sortino Ratio Rank: 53
IPKW Omega Ratio Rank: 53
IPKW Calmar Ratio Rank: 58
IPKW Martin Ratio Rank: 56

HAIL

HAIL Risk / Return Rank: 57
HAIL Sharpe Ratio Rank: 59
HAIL Sortino Ratio Rank: 55
HAIL Omega Ratio Rank: 51
HAIL Calmar Ratio Rank: 63
HAIL Martin Ratio Rank: 55

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.

IPKW vs. HAIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco International BuyBack Achievers™ ETF (IPKW) and SPDR S&P Kensho Smart Mobility ETF (HAIL). 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.

	IPKW	HAIL	Difference
Sharpe ratio: Return per unit of total volatility	1.84	2.00	-0.16
Sortino ratio: Return per unit of downside risk	2.58	2.64	-0.06
Omega ratio: Gain probability vs. loss probability	1.33	1.32	+0.01
Calmar ratio: Return relative to maximum drawdown	2.87	3.14	-0.27
Martin ratio: Return relative to average drawdown	9.91	9.49	+0.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IPKW vs. HAIL - Sharpe Ratio Comparison

The current IPKW Sharpe Ratio is 1.84, which is comparable to the HAIL Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of IPKW and HAIL, 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

	IPKW	HAIL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.84	2.00	-0.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	-0.17	+0.71
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	0.20	+0.39

Drawdowns

IPKW vs. HAIL - Drawdown Comparison

The maximum IPKW drawdown since its inception was -47.24%, smaller than the maximum HAIL drawdown of -65.98%. Use the drawdown chart below to compare losses from any high point for IPKW and HAIL.

Drawdown Indicators

	IPKW	HAIL	Difference
Max Drawdown Largest peak-to-trough decline	-47.24%	-65.98%	+18.74%
Max Drawdown (1Y) Largest decline over 1 year	-9.14%	-18.64%	+9.50%
Max Drawdown (3Y) Largest decline over 3 years	-17.77%	-40.96%	+23.19%
Max Drawdown (5Y) Largest decline over 5 years	-33.18%	-63.12%	+29.94%
Max Drawdown (10Y) Largest decline over 10 years	-47.24%	—	—
Current Drawdown Current decline from peak	-2.45%	-30.85%	+28.40%
Average Drawdown Average peak-to-trough decline	-9.00%	-31.60%	+22.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.64%	6.15%	-3.51%

Volatility

IPKW vs. HAIL - Volatility Comparison

The current volatility for Invesco International BuyBack Achievers™ ETF (IPKW) is 4.37%, while SPDR S&P Kensho Smart Mobility ETF (HAIL) has a volatility of 10.80%. This indicates that IPKW experiences smaller price fluctuations and is considered to be less risky than HAIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IPKW	HAIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.37%	10.80%	-6.43%
Volatility (6M) Calculated over the trailing 6-month period	11.86%	22.28%	-10.42%
Volatility (1Y) Calculated over the trailing 1-year period	14.31%	29.32%	-15.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.01%	31.80%	-14.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.91%	31.73%	-13.82%

IPKW vs. HAIL - Expense Ratio Comparison

IPKW has a 0.55% expense ratio, which is higher than HAIL's 0.45% expense ratio.

Dividends

IPKW vs. HAIL - Dividend Comparison

IPKW's dividend yield for the trailing twelve months is around 3.52%, more than HAIL's 1.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HAIL SPDR S&P Kensho Smart Mobility ETF	1.44%	2.00%	2.98%	2.62%	2.09%	1.36%	0.52%	1.17%	2.54%	0.00%	0.00%	0.00%
IPKW Invesco International BuyBack Achievers™ ETF	3.52%	3.55%	4.12%	2.66%	3.77%	7.37%	1.45%	2.41%	2.61%	0.93%	2.82%	1.31%

Frequently Asked Questions

Can I hold both IPKW and HAIL in my portfolio?

IPKW and HAIL have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IPKW or HAIL?

HAIL has higher volatility (10.80%) compared to IPKW (4.37%). In terms of maximum drawdown, IPKW dropped -47.24% vs HAIL's -65.98%.

Which ETF is better, IPKW or HAIL?

On 5-year performance, IPKW leads with 9.19% vs -5.36% for HAIL. On fees, HAIL is cheaper at 0.45% per year. On volatility, IPKW has been the lower-risk option at 4.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IPKW or HAIL?

Over the 5-year period, IPKW has performed better with a 9.19% return vs -5.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IPKW or HAIL?

HAIL is cheaper with a 0.45% expense ratio, compared with 0.55% for IPKW.

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

IPKW has the higher dividend yield at 3.52%, compared with 1.44% for HAIL.

What is the main difference between IPKW and HAIL?

IPKW tracks NASDAQ International BuyBack Achievers Index, while HAIL tracks S&P Kensho Smart Transportation Index. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.55% for IPKW and 0.45% for HAIL.

Which has better risk-adjusted returns?

HAIL currently has the higher Sharpe Ratio (2.00 vs 1.84), 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.