HTAX vs INDL

Comparison between MACQUARIE NATIONAL HIGH-YIELD MUNICIPAL BOND ETF (HTAX, ETF) and DIREXION DAILY MSCI INDIA BULL 2X SHARES (INDL, ETF).

HTAX vs INDL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	HTAX(ETF)	INDL(ETF)
Net Assets	$57M	$57M
Expense Ratio	0.49%	N/A
Max Drawdown	7.34%	95.75%
Sharpe Ratio	1.00	-1.17
5Y Beta	0.02	0.89

Net Assets

HTAX

$57M

Winner

INDL

$57M

Expense Ratio

HTAX

0.49%

INDL

N/A

Max Drawdown

Winner

HTAX

7.34%

INDL

95.75%

Sharpe Ratio

Winner

HTAX

1.00

INDL

-1.17

5Y Beta

Winner

HTAX

0.02

INDL

0.89

HTAX vs INDL - Historical Returns

Returns include dividend reinvestment.

Period	HTAX	INDL
1 month	+1.18%	+2.48%
3 months	+2.54%	-3.38%
6 months	+3.61%	-20.84%
1 year	+8.06%	-28.42%
5 years(CAGR)	N/A	-2.48%
10 years(CAGR)	N/A	+0.24%
Max(CAGR)	+3.90%	-6.99%

HTAX

+1.18%

Winner

INDL

+2.48%

Winner

HTAX

+2.54%

INDL

-3.38%

Winner

HTAX

+3.61%

INDL

-20.84%

Winner

HTAX

+8.06%

INDL

-28.42%

5Y(CAGR)

HTAX

N/A

INDL

-2.48%

10Y(CAGR)

HTAX

N/A

INDL

+0.24%

Max(CAGR)

Winner

HTAX

+3.90%

INDL

-6.99%

HTAX vs INDL - Annual Returns (2010 - 2026)

Returns include dividend reinvestment.

Year	HTAX	INDL
2026	+3.46%	-24.74%
2025	+1.44%	-6.13%
2024	N/A	+8.24%
2023	N/A	+25.25%
2022	N/A	-25.42%
2021	N/A	+39.51%
2020	N/A	-38.58%
2019	N/A	+5.61%
2018	N/A	-34.64%
2017	N/A	+125.37%
2016	N/A	-10.28%
2015	N/A	-35.99%
2014	N/A	+67.33%
2013	N/A	-36.72%
2012	N/A	+8.88%
2011	N/A	-67.93%
2010	N/A	+28.97%

HTAX vs INDL Drawdown Comparison

The maximum drawdown for HTAX was -6.10%, occurring on Jul 18, 2025. Recovery took 132 trading sessions.

The maximum drawdown for INDL was -95.67%, occurring on Mar 23, 2020. This drawdown has not yet recovered.

The current HTAX drawdown is -0.30%. The current INDL drawdown is -78.44%.

Rank	HTAX	INDL
#1	-6.10% Mar 10, 2025 - Sep 17, 2025	-95.67% Nov 5, 2010 - Mar 23, 2020
#2	-3.06% Feb 27, 2026 - Apr 24, 2026	-30.28% Apr 5, 2010 - Sep 14, 2010
#3	-1.69% May 8, 2026 - May 27, 2026	-8.88% Oct 13, 2010 - Nov 4, 2010
#4	-0.92% Jan 14, 2026 - Feb 2, 2026	-3.55% Oct 5, 2010 - Oct 13, 2010
#5	-0.86% Nov 26, 2025 - Jan 7, 2026	-3.41% Sep 21, 2010 - Sep 24, 2010
#6	-0.82% Nov 11, 2025 - Nov 26, 2025	-2.68% Mar 17, 2010 - Mar 23, 2010
#7	-0.66% Oct 1, 2025 - Oct 13, 2025	-1.54% Sep 28, 2010 - Oct 1, 2010
#8	-0.61% Oct 27, 2025 - Nov 11, 2025	-1.52% Mar 23, 2010 - Mar 26, 2010
#9	-0.60% Sep 17, 2025 - Oct 1, 2025	-1.19% Mar 12, 2010 - Mar 16, 2010
#10	-0.49% Jun 4, 2026 - Jun 10, 2026	-1.06% Sep 15, 2010 - Sep 17, 2010
#11	-0.43% Apr 24, 2026 - May 6, 2026	-0.99% Mar 29, 2010 - Apr 1, 2010
#12	-0.36% Feb 19, 2026 - Feb 24, 2026	-0.80% Sep 24, 2010 - Sep 28, 2010
#13	-0.26% Jan 7, 2026 - Jan 14, 2026	-0.11% Oct 1, 2010 - Oct 5, 2010
#14	-0.19% Feb 5, 2026 - Feb 10, 2026	N/A
#15	-0.14% Oct 22, 2025 - Oct 27, 2025	N/A

Correlation

Correlation between HTAX and INDL is -0.67 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.67

-101

Dividend Comparison (2010 - 2026)

HTAX vs INDL dividend yield comparison.

Year	HTAX	INDL
2026	1.83%	0.23%
2025	3.67%	1.42%
2024	0.00%	2.79%
2023	0.00%	1.65%
2022	0.00%	0.09%
2021	0.00%	2.35%
2019	0.00%	0.68%
2018	0.00%	0.18%
2017	0.00%	0.31%
2012	0.00%	0.07%
2010	0.00%	0.58%