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
$45.1 M
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | State Street |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 26, 2017 |
| Assets (mns) | $45 |
| Expense ratio | 45 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| AURORA INNOVATION, INC. CLASS A | 2.8 % |
| RIVIAN AUTOMOTIVE INC-A | 2.4 % |
| TESLA MOTORS INC | 2.3 % |
| LUCID GROUP, INC. | 2.2 % |
| OUSTER, INC. | 2.2 % |
| LUMINAR TECHNOLOGIES, INC. CLASS A | 1.9 % |
| ALLISON TRANSMISSION HOLDING | 1.9 % |
| XPENG, INC. ADR SPONSORED CLASS A | 1.9 % |
| GARRETT MOTION, INC. | 1.8 % |
| CUMMINS INC | 1.8 % |
Constituent Breakdown
| Number of holdings | 68 |
| Herfindahl-Hirschman Index | 151 |
| Wgt avg mkt cap (mns) | $41,681 |
| Large cap (>$10bn) | 40.6% |
| Mid cap ($2-10bn) | 26.1% |
| Small cap (<$2bn) | 33.3% |
| Developed mkts. | 89.6% |
| Emerging mkts. | 10.4% |
Country Exposure
 |
UNITED STATES | 72.5 % |
 |
CHINA | 8.8 % |
 |
JAPAN | 2.7 % |
 |
IRELAND | 1.5 % |
 |
SWITZERLAND | 1.5 % |
 |
CANADA | 1.4 % |
 |
BRAZIL | 1.2 % |
 |
NETHERLANDS | 1.1 % |
 |
SINGAPORE | 1.0 % |
 |
BRITAIN | 1.0 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -10.8% | -13.7% | -7.4% | -21.7% | 1.8% | -- | 0.8% | Volatility | 24.1% | 26.6% | 31.5% | 32.1% | 34.4% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.44 | 57% |
| MSCI EAFE | 1.41 | 51% |
| MSCI Emg Mkts | 1.23 | 40% |
Liquidity Measures
| Avg. volume (000) | 4 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.20% |
| ADV of underlying (mns) | $74,338 |
Technical Indicators
| Recent close | $28.57 |
| 30d moving avg. | $29.13 |
| Annualized volatility | 34.4% |
| 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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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. HAIL |
Expenses vs. HAIL |
ALTAR Score™ vs. HAIL |
|---|---|---|---|---|
| DRIV | Global X Autonomous & Electric Vehicles ETF | 25.8% | +23 bp | +8.4% |
| FDRV | Fidelity Electric Vehicles and Future Transportation ETF | 23.4% | -6 bp | +0.0% |
| CARZ | First Trust NASDAQ Global Auto Index Fund | 20.2% | +25 bp | +5.7% |
| QCLN | First Trust Nasdaq Clean Edge Green Energy Index Fund | 13.9% | +13 bp | +2.8% |
| MOON | Direxion Moonshot Innovators ETF | 13.5% | +20 bp | +2.8% |
| PBW | Invesco WilderHill Clean Energy ETF | 13.4% | +21 bp | -8.8% |
| MOTO | SmartETFs Smart Transportation & Technology ETF | 12.3% | +23 bp | +9.9% |
| BUZZ | VanEck Social Sentiment ETF | 12.2% | +30 bp | +3.0% |
| FTXR | First Trust Nasdaq Transportation ETF | 11.7% | +15 bp | +8.2% |
| SMOG | VanEck Low Carbon Energy ETF | 11.7% | +16 bp | +5.5% |
Risk and Returns: HAIL vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
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 | --% |
Based on closing prices from 7/25/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
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
-2.8%
Cat. Avg
5.7%
Fund Category: US
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | -2.8% |
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 899 funds in the US category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.4%. HAIL's ALTAR Score™ is approximately
3.5 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
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| HAIL (45 bp) Percentile rank | 48 |
Peer Group Expense Ratio Distribution
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. | 36.9 | 15.0 | 51.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .