HAIL

SPDR S&P Kensho Smart Mobility ETF

HAIL tracks an index of US-listed companies that focuses on autonomous vehicle technology, drone technology, and advanced transportation tracking and transport optimization systems.


US

EQUITY

Rules-Based

MANAGEMENT STYLE

45 bp

EXPENSES

$50.7 M

ASSETS UNDER MGMT

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorState Street
CategoryUS
Asset classEquity
Websitelink...
Inception dateDec 26, 2017
Assets (mns)$51
Expense ratio45 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionMarket Cap
WeightingTiered
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
NVIDIA CORP 4.4 %
ASPEN AEROGELS INC 3.9 %
BLUE BIRD CORPORATION 3.0 %
QUALCOMM INC 2.5 %
GENERAL MOTORS CO 2.2 %
ALLISON TRANSMISSION HOLDING 2.0 %
MODINE MANUFACTURING CO 2.0 %
TRIMBLE NAVIGATION LTD 1.8 %
UBER TECHNOLOGIES, INC. 1.8 %
GRAB HOLDINGS LTD. (SINGAPORE) CLASS A 1.8 %
Constituent Breakdown
Number of holdings75
Herfindahl-Hirschman Index 168
Wgt avg mkt cap (mns)$134,775
Large cap (>$10bn)41.6%
Mid cap ($2-10bn)28.7%
Small cap (<$2bn)29.7%
Developed mkts.94.6%
Emerging mkts.5.5%
Country Exposure
UNITED STATES 78.7 %
CHINA 5.0 %
JAPAN 2.7 %
SINGAPORE 2.1 %
NETHERLANDS 2.1 %
BRITAIN 1.8 %
SWITZERLAND 1.4 %
IRELAND 1.3 %
CANADA 1.2 %
ISRAEL 1.1 %
Historical Performance


Standardized Performance (as of 05/31/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns -6.1% 3.5% -12.0% -20.1% 5.1% -- 1.7%
Volatility 24.1% 26.6% 31.5% 32.1% 34.4% -- --
Market Correlations
versus...BetaR-squared
S&P 5001.4658%
MSCI EAFE1.4150%
MSCI Emg Mkts1.2541%
Liquidity Measures
Avg. volume (000)4
Turnover0.2%
Avg. Bid/Ask (% of price)0.20%
ADV of underlying (mns)$97,593
Technical Indicators
Recent close$27.84
30d moving avg.$29.00
Annualized volatility34.4%
Relative strength (RSI)52
Short interest (ETF)0.1%
Short interest (underlying)6.1%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: HAIL vs. Comps (1 YR)

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
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Book value per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2023 2024E Fwd Est 2025E
Price-to-sales --x --x --x --x
Price-to-earnings --x --x --x --x
Price-to-cash flow --x --x --x --x
Price-to-growth --x --x --x --x
Price-to-book value --x --x --x --x
Yield --% --% --x --%
0.8 34.2 1.9 0.9% --
Based on closing prices from 6/20/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
HAIL



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

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ETF Research Center Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

HAIL

-2.2%

Cat. Avg

5.7%

Fund Category: US

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™-2.2%
Recommendation

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.

Category Overview
There are 892 funds in the US category, with an average ALTAR Score™ of 5.7% and a standard deviation of 2.8%. HAIL's ALTAR Score™ is approximately 2.8 standard deviations below the category average. This places HAIL in the 1st percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
HAIL
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

Market Activity
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Change
Volume
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Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
HAIL 45.0 20.1 65.1
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .