HAIL vs SPY
State Street SPDR S&P Kensho Smart Mobility ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | HAIL | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.45% | 0.09% | |
| AUM | $19M | $789.1B | |
| Dividend Yield | 1.59% | 1.01% | |
| Holdings | 87 | 505 | |
| YTD Return | +11.85% | +14.47% | |
| 1Y Return | +18.03% | +21.96% | |
| 3Y Return (annualized) | +6.62% | +21.70% | |
| 5Y Return (annualized) | -5.70% | +13.30% | |
| Volatility (annualized) | 32.7% | 15.3% | |
| Max Drawdown | -66.3% | -56.5% | |
| Fund Family | State Street Investment Management | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Dec 18, 2017 | Jan 22, 1993 |
HAIL vs SPY Performance
State Street SPDR S&P Kensho Smart Mobility ETF (HAIL) is a ETF from State Street Investment Management and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year HAIL returned +18.03% while SPY returned +21.96%. Year to date, HAIL is up 11.85% versus a gain of 14.47% for SPY.
Over three years, HAIL compounded at +6.62% per year against +21.70% for SPY; over five years the annualized figures are -5.70% and +13.30% respectively. Across the full 9-year window we track, SPY has the edge at +8.87% annualized vs +4.08%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
HAIL has been the more volatile fund, with annualized monthly volatility of 32.7% compared with 15.3% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -66.3% for HAIL and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HAIL charges 0.45% per year while SPY charges 0.09%. On a $10,000 position that is $45 vs $9 annually, a gap of $36 per year that compounds over a long holding period. On income, HAIL currently yields 1.59% against 1.01% for SPY.
Holdings Overlap
HAIL and SPY share 15 holdings out of 575 unique holdings combined, representing a 4.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, HAIL or SPY?
HAIL has an expense ratio of 0.45% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $36 per year of difference.
Which performed better, HAIL or SPY?
Over the past year HAIL returned +18.03% vs +21.96% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (9 years), HAIL annualized +4.08% vs +8.87% for SPY. Past performance does not guarantee future results.
Which is riskier, HAIL or SPY?
HAIL has been the more volatile fund at 32.7% annualized versus 15.3% for SPY. Worst drawdown: HAIL -66.3% vs SPY -56.5%.
Should I hold both HAIL and SPY?
HAIL and SPY have a monthly-return correlation of 0.80, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HAIL and SPY?
HAIL and SPY share 15 common holdings with a 4.6% weight overlap. Combined, they hold 575 unique securities.
Which pays a higher dividend, HAIL or SPY?
HAIL yields 1.59% while SPY yields 1.01%, so HAIL currently pays the higher dividend yield.
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