Recent performance of the SPDR S&P Kensho Smart Mobility ETF (AMEX:HAIL) has been strong in comparison to the S&P 500. The ETF has seen a total return of 16.4% since the start of 2021 and is up 7.2% year-to-date. The performance of HAIL is a strong indication of the potential of the Smart Mobility sector, which is made up of companies involved in the development, production and distribution of autonomous vehicles, shared mobility services, and other technological solutions related to the transportation industry. Investors have been drawn to the sector due to its long-term growth potential, and HAIL has been one of the top-performing ETFs in 2021.
Looking ahead, the outlook for HAIL and the Smart Mobility sector remains positive. Companies in the sector are expected to benefit from increased demand for autonomous vehicles, shared mobility services, and other technological solutions related to the transportation industry. The growth of the sector is expected to be driven by technological advances and increasing consumer demand for convenience and cost savings. Additionally, the recent passage of the American Jobs Plan is expected to provide additional stimulus to the sector, as the bill includes funding for the development of infrastructure and other initiatives designed to promote the growth of the industry.
In terms of the outlook for HAIL specifically, analysts expect the ETF to continue to outperform the broader market. The ETF is well-diversified, with exposure to a number of different companies in the sector, including Tesla, NIO, Zoom, and Waymo. Additionally, the ETF has been actively managed, with a focus on companies with strong fundamentals and long-term growth potential. Analysts expect HAIL to continue to outperform the S&P 500 over the next 12 months, with a total return of around 15%.