ETF Evaluator:
Stt Strt® SPDR®S&PKenshoSmrtMbltyETF (HAIL)
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(as of Jul 31)
Best Performing in Technology Over the Last Year
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ETF Details
Stt Strt® SPDR®S&PKenshoSmrtMbltyETF Overview
Stt Strt® SPDR®S&PKenshoSmrtMbltyETF (HAIL) is a passively managed Sector Equity Technology exchange-traded fund (ETF). State Street Investment Management launched the ETF in 2017.
The investment 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.
Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the 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 the index provider.
About Stt Strt® SPDR®S&PKenshoSmrtMbltyETF (HAIL)
There are 3 members of the management team with an average tenure of 5.91 years: Mark Krivitsky (2017), Kathleen Morgan (2017) and Karl Schneider (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and S&P Kensho Smart Transportation TR USD index with a weighting of 100%. Stt Strt® SPDR®S&PKenshoSmrtMbltyETF has 88 securities in its portfolio. The top 10 holdings constitute 17.3% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Stt Strt® SPDR®S&PKenshoSmrtMbltyETF is part of the Equity global asset class and is within the Sector Equity ETF group. Stt Strt® SPDR®S&PKenshoSmrtMbltyETF has 31.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 68.2% There is 31.7% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Stt Strt® SPDR®S&PKenshoSmrtMbltyETF has 0.1% of the portfolio in cash.
Assets Under Management
The fund has $22 million in total assets, which is below the $3 billion average for the Technology category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
HAIL Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Stt Strt® SPDR®S&PKenshoSmrtMbltyETF expense ratio is average compared to funds in the Technology category. Stt Strt® SPDR®S&PKenshoSmrtMbltyETF has an expense ratio of 0.45%, which is 15% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Stt Strt® SPDR®S&PKenshoSmrtMbltyETF has a portfolio turnover rate of 33%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 36% for the Technology category.
Recently, in the month of June 2026, Stt Strt® SPDR®S&PKenshoSmrtMbltyETF returned -8.0%, which earned it a grade of F, as the Technology category had an average return of 0.0%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Stt Strt® SPDR®S&PKenshoSmrtMbltyETF has a trailing yield of 1.59%, which is above the 0.49% category average.
The fund normally distributes its income quarterly.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Stt Strt® SPDR®S&PKenshoSmrtMbltyETF Grades
Year to date, the ETF has returned 20.4%, 14.8 percentage points worse than the category, which translates into a grade of D. The fund has returned 33.8% over the past year (grade of D), 8.7% over the past three years (grade of F) and -6.5% per year over the past five years (grade of F).
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HAIL Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| HAIL Return (NAV) | -8.0% | 23.3% | 33.8% | 8.7% | -6.5% | na |
| HAIL Return (Price) | -8.0% | 23.3% | 33.8% | 8.7% | -6.5% | na |
| NAV +/- Price Return | -0.022% | -0.050% | 0.066% | -0.002% | 0.009% | na |
| Technology Avg | 0.0% | 40.3% | 52.2% | 27.7% | 12.4% | 21.0% |
| HAIL Grade (NAV) | F | D | D | F | F | na |
| +/- Category (NAV) | -8.1% | -17.0% | -18.3% | -19.1% | -18.9% | na |
| HAIL Tax-Cost Ratio | na | na | 0.7% | 0.9% | 0.8% | na |
HAIL Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| HAIL Return (NAV) | 20.4% | 19.6% | -7.0% | 9.5% | -45.6% | 2.1% | 83.9% | 30.3% | -19.5% | na | na |
| HAIL Return (Price) | 20.4% | 19.6% | -7.0% | 9.7% | -45.7% | 2.0% | 84.3% | 30.6% | -19.9% | na | na |
| NAV +/- Price Ret | 0.003% | 0.002% | -0.002% | 0.015% | 0.002% | -0.072% | 0.005% | 0.9% | 2.4% | na | na |
| Technology Avg | 35.2% | 23.2% | 19.9% | 43.8% | -35.8% | 16.7% | 53.3% | 37.8% | -3.2% | 33.7% | 15.0% |
| HAIL Grade (NAV) | D | D | F | F | F | F | A | D | F | na | na |
| +/- Category | -14.8% | -3.6% | -26.9% | -34.2% | -9.9% | -14.6% | 30.6% | -7.5% | -16.3% | na | na |
| Risk Measures | |
| Beta: | 1.85 |
| R-Squared: | 63% |
| Standard Deviation: | 29.5% |
| Category Risk Index: | 1.15 |
| Category Risk Rating: | Above Average |
| Total Risk Index: | 2.42 |
| Total Risk Rating: | High |
| Portfolio Characteristics | |
| Yield: | 1.6% |
| Total Assets: | $ 22 Mil |
| Share Class Assets: | $ 22 Mil |
| Turnover: | 33.0% |
| Expense Ratio: | 0.45% |
| Index Fund: | Yes |
| Index Tracked: | S&P 500 (TR) (1970) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 8.5 years | |||
| Average Tenure: 5.9 years | |||
| Managers (Year): Krivitsky Mark (2017), Morgan Kathleen (2017), Schneider Karl (2025) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 88 |
| % in Top 10 Holdings: | 17.3% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 31.7% |
Portfolio Allocation |
|
| Domestic Stock: | 68.2% |
| Foreign Stock: | 31.7% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.1% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | State Street Investment Management |
| Phone Number: | 866-787-2257 |
| Website: | www.spdrs.com |
| Inception Date: | December 18, 2017 |
Expenses and Fees
| Expense Ratio (%): | 0.45% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.53% |
