MVFG vs. HAIL

Last updated Jun 4, 2026

MVFG (Monarch Volume Factor Global Unconstrained ETF) and HAIL (SPDR S&P Kensho Smart Mobility ETF) are both Global Equities funds - MVFG tracks the Monarch Volume Factor Global Unconstrained Index while HAIL tracks the S&P Kensho Smart Transportation Index. Both are passively managed. Over the past year, MVFG returned 28.24% vs 58.23% for HAIL. A 0.72 correlation means they provide meaningful diversification when combined. MVFG charges 1.42%/yr vs 0.45%/yr for HAIL.

Performance

MVFG vs. HAIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Monarch Volume Factor Global Unconstrained ETF (MVFG) 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, MVFG achieves a 12.12% return, which is significantly lower than HAIL's 31.10% return.

MVFG

• 1D: -0.77%
• 1M: 3.29%
• YTD: 12.12%
• 6M: 13.45%
• 1Y: 28.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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)

MVFG vs. HAIL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MVFG Monarch Volume Factor Global Unconstrained ETF	12.12%	20.98%	5.33%
HAIL SPDR S&P Kensho Smart Mobility ETF	31.10%	19.62%	-0.71%

Correlation

The correlation between MVFG and HAIL is 0.74, 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	0.74
Correlation (All Time) Calculated using the full available price history since Mar 8, 2024	0.72

The correlation between MVFG and HAIL has been stable across timeframes, ranging from 0.72 to 0.74 - a consistent structural relationship.

Return for Risk

MVFG vs. HAIL — Risk / Return Rank

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

MVFG

MVFG Risk / Return Rank: 43
MVFG Sharpe Ratio Rank: 44
MVFG Sortino Ratio Rank: 42
MVFG Omega Ratio Rank: 46
MVFG Calmar Ratio Rank: 38
MVFG Martin Ratio Rank: 46

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.

MVFG vs. HAIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Monarch Volume Factor Global Unconstrained ETF (MVFG) 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.

	MVFG	HAIL	Difference
Sharpe ratio: Return per unit of total volatility	1.51	2.00	-0.49
Sortino ratio: Return per unit of downside risk	2.09	2.64	-0.55
Omega ratio: Gain probability vs. loss probability	1.28	1.32	-0.03
Calmar ratio: Return relative to maximum drawdown	1.85	3.14	-1.29
Martin ratio: Return relative to average drawdown	7.37	9.49	-2.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MVFG vs. HAIL - Sharpe Ratio Comparison

The current MVFG Sharpe Ratio is 1.51, which is comparable to the HAIL Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of MVFG 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

	MVFG	HAIL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.51	2.00	-0.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.17	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.13	0.20	+0.93

Drawdowns

MVFG vs. HAIL - Drawdown Comparison

The maximum MVFG drawdown since its inception was -15.34%, smaller than the maximum HAIL drawdown of -65.98%. Use the drawdown chart below to compare losses from any high point for MVFG and HAIL.

Drawdown Indicators

	MVFG	HAIL	Difference
Max Drawdown Largest peak-to-trough decline	-15.34%	-65.98%	+50.64%
Max Drawdown (1Y) Largest decline over 1 year	-15.34%	-18.64%	+3.30%
Max Drawdown (3Y) Largest decline over 3 years	—	-40.96%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-63.12%	—
Current Drawdown Current decline from peak	-0.77%	-30.85%	+30.08%
Average Drawdown Average peak-to-trough decline	-2.57%	-31.60%	+29.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.84%	6.15%	-2.31%

Volatility

MVFG vs. HAIL - Volatility Comparison

The current volatility for Monarch Volume Factor Global Unconstrained ETF (MVFG) is 3.74%, while SPDR S&P Kensho Smart Mobility ETF (HAIL) has a volatility of 10.80%. This indicates that MVFG 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

	MVFG	HAIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.74%	10.80%	-7.06%
Volatility (6M) Calculated over the trailing 6-month period	11.72%	22.28%	-10.56%
Volatility (1Y) Calculated over the trailing 1-year period	18.75%	29.32%	-10.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.39%	31.80%	-16.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.39%	31.73%	-16.34%

MVFG vs. HAIL - Expense Ratio Comparison

MVFG has a 1.42% expense ratio, which is higher than HAIL's 0.45% expense ratio.

Dividends

MVFG vs. HAIL - Dividend Comparison

MVFG's dividend yield for the trailing twelve months is around 1.92%, more than HAIL's 1.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
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%
MVFG Monarch Volume Factor Global Unconstrained ETF	1.92%	1.90%	1.67%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MVFG and HAIL in my portfolio?

MVFG and HAIL have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MVFG or HAIL?

HAIL has higher volatility (10.80%) compared to MVFG (3.74%). In terms of maximum drawdown, MVFG dropped -15.34% vs HAIL's -65.98%.

Which ETF is better, MVFG or HAIL?

On 1-year performance, HAIL leads with 58.23% vs 28.24% for MVFG. On fees, HAIL is cheaper at 0.45% per year. On volatility, MVFG has been the lower-risk option at 3.74%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MVFG or HAIL?

Over the 1-year period, HAIL has performed better with a 58.23% return vs 28.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MVFG or HAIL?

HAIL is cheaper with a 0.45% expense ratio, compared with 1.42% for MVFG.

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

MVFG has the higher dividend yield at 1.92%, compared with 1.44% for HAIL.

What is the main difference between MVFG and HAIL?

MVFG tracks Monarch Volume Factor Global Unconstrained Index, while HAIL tracks S&P Kensho Smart Transportation Index. They also come from different issuers: Monarch and State Street. Their fees differ too: 1.42% for MVFG and 0.45% for HAIL.

Which has better risk-adjusted returns?

HAIL currently has the higher Sharpe Ratio (2.00 vs 1.51), 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.