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ETFs

SPDR S&P Kensho Smart Mobility ETF

HAIL
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 26 2017
Expense Ratio
0.45%
Type
US Equities
Fund Owner
State Street (SPDR)
Volume (1m avg. daily)
$146,301
AUM
$46,099,083
Associated Index
S&P Kensho Smart Transportation Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

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Invest with HAIL

What is HAIL?

The SPDR S&P Kensho Smart Mobility ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Kensho Smart Transportation Index (the "Index"). The S&P Kensho Smart Transportation Index (the "Index") is comprised of U.S.-listed equity securities (including depositary receipts) of companies domiciled across developed and emerging markets worldwide which are included in the Smart Transportation sector as determined by a classification standard produced by Kensho Technologies, Inc. The Index is designed to capture companies whose products and services are driving innovation behind smart transportation.

ETFs related toHAIL

ETFs correlated to HAIL include KOMP, DRIV, IDRV

HAIL
SPDR Series Trust - SPDR S&P Kensho Smart Mobility ETF
KOMP
SPDR Series Trust - SPDR S&P Kensho New Economies Composite ETF
DRIV
Global X Funds - Global X Autonomous & Electric Vehicles ETF
IDRV
iShares Trust - iShares Self-Driving EV and Tech ETF
PBW
Invesco Capital Management LLC - Invesco WilderHill Clean Energy ETF
ARKQ
ARK Investment Management LLC - ARK Autonomous Technology & Robotics ETF
SPHB
Invesco Capital Management LLC - Invesco S&P 500 High Beta ETF
HIBL
Direxion Shares ETF Trust - Direxion Daily S&P 500 High Beta Bull 3X Shares
VXF
Vanguard Group, Inc. - Vanguard Extended Market Index ETF
VBK
Vanguard Group, Inc. - Vanguard Small Cap Growth ETF
QCLN
First Trust Exchange-Traded Fund III - First Trust Nasdaq Clean Edge Green Energy Index Fund

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toHAIL

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

Create your own algorithmic trading strategy with HAIL using Composer

FAQ

HAIL is a US Equities ETF. The SPDR S&P Kensho Smart Mobility ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Kensho Smart Transportation Index (the "Index"). The S&P Kensho Smart Transportation Index (the "Index") is comprised of U.S.-listed equity securities (including depositary receipts) of companies domiciled across developed and emerging markets worldwide which are included in the Smart Transportation sector as determined by a classification standard produced by Kensho Technologies, Inc. The Index is designed to capture companies whose products and services are driving innovation behind smart transportation.

HAIL tracks the S&P Kensho Smart Transportation Index.

No, HAIL is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, HAIL is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on HAIL is -0.03%. This is the percent change in the value of HAIL over the most recent 1-month period. The 3-month return on HAIL is -0.0292%. This is the percent change in the value of HAIL over the most recent 3-month period.

The standard deviation of HAIL for the past year is 0.3189%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to HAIL include SPHQ, DSI, and QUAL.

ETFs correlated to HAIL include KOMP, DRIV, and IDRV.

ETFs that are inversely correlated to HAIL include HIBS, RWM, and SRTY.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.