HTAX vs OBND

Comparison between MACQUARIE NATIONAL HIGH-YIELD MUNICIPAL BOND ETF (HTAX, ETF) and STATE STREET(R) LOOMIS SAYLES OPPORTUNISTIC BOND ETF (OBND, ETF).

HTAX vs OBND - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	HTAX(ETF)	OBND(ETF)
Net Assets	$56M	$56M
Expense Ratio	0.49%	0.55%
Max Drawdown	7.34%	18.73%
Sharpe Ratio	1.01	0.62
5Y Beta	0.01	0.10

Net Assets

HTAX

$56M

OBND

$56M

Expense Ratio

Winner

HTAX

0.49%

OBND

0.55%

Max Drawdown

Winner

HTAX

7.34%

OBND

18.73%

Sharpe Ratio

Winner

HTAX

1.01

OBND

0.62

5Y Beta

Winner

HTAX

0.01

OBND

0.10

HTAX vs OBND - Historical Returns

Returns include dividend reinvestment.

Period	HTAX	OBND
1 month	+1.18%	-0.31%
3 months	+1.62%	+0.58%
6 months	+3.58%	+0.94%
1 year	+8.72%	+5.98%
5 years(CAGR)	N/A	+2.22%
Max(CAGR)	+3.92%	+2.22%

Winner

HTAX

+1.18%

OBND

-0.31%

Winner

HTAX

+1.62%

OBND

+0.58%

Winner

HTAX

+3.58%

OBND

+0.94%

Winner

HTAX

+8.72%

OBND

+5.98%

5Y(CAGR)

HTAX

N/A

OBND

+2.22%

Max(CAGR)

Winner

HTAX

+3.92%

OBND

+2.22%

HTAX vs OBND - Annual Returns (2021 - 2026)

Returns include dividend reinvestment.

Year	HTAX	OBND
2026	+3.41%	+0.83%
2025	+1.44%	+7.69%
2024	N/A	+5.27%
2023	N/A	+9.21%
2022	N/A	-10.99%
2021	N/A	+0.02%

HTAX vs OBND Drawdown Comparison

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

The maximum drawdown for OBND was -15.86%, occurring on Oct 20, 2022. Recovery took 685 trading sessions.

The current HTAX drawdown is -0.35%. The current OBND drawdown is -0.67%.

Rank	HTAX	OBND
#1	-6.10% Mar 10, 2025 - Sep 17, 2025	-15.86% Nov 9, 2021 - Aug 2, 2024
#2	-3.06% Feb 27, 2026 - Apr 24, 2026	-3.08% Mar 3, 2025 - May 30, 2025
#3	-1.69% May 8, 2026 - May 27, 2026	-2.88% Feb 26, 2026 - Apr 17, 2026
#4	-0.92% Jan 14, 2026 - Feb 2, 2026	-2.17% Dec 6, 2024 - Feb 24, 2025
#5	-0.86% Nov 26, 2025 - Jan 7, 2026	-1.75% Sep 24, 2024 - Dec 4, 2024
#6	-0.82% Nov 11, 2025 - Nov 26, 2025	-1.18% May 6, 2026 - May 19, 2026
#7	-0.66% Oct 1, 2025 - Oct 13, 2025	-0.93% Sep 15, 2025 - Oct 21, 2025
#8	-0.61% Oct 27, 2025 - Nov 11, 2025	-0.74% Aug 2, 2024 - Aug 14, 2024
#9	-0.60% Sep 17, 2025 - Oct 1, 2025	-0.72% Oct 28, 2025 - Nov 26, 2025
#10	-0.43% Apr 24, 2026 - May 6, 2026	-0.68% Oct 1, 2021 - Nov 5, 2021
#11	-0.36% Feb 19, 2026 - Feb 24, 2026	-0.62% Apr 17, 2026 - May 6, 2026
#12	-0.35% Jun 4, 2026 - Jun 5, 2026	-0.55% Jul 2, 2025 - Jul 21, 2025
#13	-0.26% Jan 7, 2026 - Jan 14, 2026	-0.43% Nov 28, 2025 - Dec 24, 2025
#14	-0.19% Feb 5, 2026 - Feb 10, 2026	-0.41% Aug 13, 2025 - Aug 22, 2025
#15	-0.14% Oct 22, 2025 - Oct 27, 2025	-0.40% Jan 29, 2026 - Feb 9, 2026