HTAX vs PSR

Comparison between MACQUARIE NATIONAL HIGH-YIELD MUNICIPAL BOND ETF (HTAX, ETF) and INVESCO ACTIVE U.S. REAL ESTATE ETF (PSR, ETF).

HTAX vs PSR - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	HTAX(ETF)	PSR(ETF)
Net Assets	$57M	$57M
Expense Ratio	0.49%	0.35%
Max Drawdown	7.34%	42.96%
Sharpe Ratio	1.00	0.92
5Y Beta	0.02	0.47
P/E Ratio	N/A	32.18
Forward P/E	N/A	34.86
PEG Ratio	N/A	0.35
5Y Dividends CAGR	N/A	-1.88%
5Y EPS CAGR	N/A	12.04%
Debt to Equity	N/A	38.39%
P/S Ratio	N/A	8.12
P/B Ratio	N/A	3.37

Net Assets

Winner

HTAX

$57M

PSR

$57M

Expense Ratio

HTAX

0.49%

Winner

PSR

0.35%

Max Drawdown

Winner

HTAX

7.34%

PSR

42.96%

Sharpe Ratio

Winner

HTAX

1.00

PSR

0.92

5Y Beta

Winner

HTAX

0.02

PSR

0.47

P/E Ratio

HTAX

N/A

PSR

32.18

Forward P/E

HTAX

N/A

PSR

34.86

PEG Ratio

HTAX

N/A

PSR

0.35

5Y Dividends CAGR

HTAX

N/A

PSR

-1.88%

5Y EPS CAGR

HTAX

N/A

PSR

12.04%

Debt to Equity

HTAX

N/A

PSR

38.39%

P/S Ratio

HTAX

N/A

PSR

8.12

P/B Ratio

HTAX

N/A

PSR

3.37

HTAX vs PSR - Historical Returns

Returns include dividend reinvestment.

Period	HTAX	PSR
1 month	+1.18%	+2.48%
3 months	+2.54%	+9.73%
6 months	+3.61%	+16.78%
1 year	+8.06%	+15.86%
5 years(CAGR)	N/A	+2.46%
10 years(CAGR)	N/A	+6.02%
Max(CAGR)	+3.90%	+12.39%

HTAX

+1.18%

Winner

PSR

+2.48%

HTAX

+2.54%

Winner

PSR

+9.73%

HTAX

+3.61%

Winner

PSR

+16.78%

HTAX

+8.06%

Winner

PSR

+15.86%

5Y(CAGR)

HTAX

N/A

PSR

+2.46%

10Y(CAGR)

HTAX

N/A

PSR

+6.02%

Max(CAGR)

HTAX

+3.90%

Winner

PSR

+12.39%

HTAX vs PSR - Annual Returns (2008 - 2026)

Returns include dividend reinvestment.

Year	HTAX	PSR
2026	+3.46%	+16.63%
2025	+1.44%	+3.54%
2024	N/A	+0.80%
2023	N/A	+8.21%
2022	N/A	-24.78%
2021	N/A	+46.63%
2020	N/A	-4.44%
2019	N/A	+31.92%
2018	N/A	-4.15%
2017	N/A	+9.52%
2016	N/A	+6.23%
2015	N/A	+1.24%
2014	N/A	+33.32%
2013	N/A	-0.12%
2012	N/A	+14.39%
2011	N/A	+9.35%
2010	N/A	+27.90%
2009	N/A	+29.27%
2008	N/A	+44.81%

HTAX vs PSR Drawdown Comparison

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

The maximum drawdown for PSR was -42.28%, occurring on Mar 23, 2020. Recovery took 296 trading sessions.

The current HTAX drawdown is -0.30%. The current PSR drawdown is -1.61%.

Rank	HTAX	PSR
#1	-6.10% Mar 10, 2025 - Sep 17, 2025	-42.28% Feb 14, 2020 - Apr 20, 2021
#2	-3.06% Feb 27, 2026 - Apr 24, 2026	-37.98% Dec 19, 2008 - Aug 4, 2009
#3	-1.69% May 8, 2026 - May 27, 2026	-34.80% Dec 31, 2021 - Oct 25, 2023
#4	-0.92% Jan 14, 2026 - Feb 2, 2026	-21.54% Jul 22, 2011 - Jan 26, 2012
#5	-0.86% Nov 26, 2025 - Jan 7, 2026	-18.70% May 21, 2013 - Jun 5, 2014
#6	-0.82% Nov 11, 2025 - Nov 26, 2025	-16.92% Jan 27, 2015 - May 6, 2016
#7	-0.66% Oct 1, 2025 - Oct 13, 2025	-16.61% Apr 29, 2010 - Sep 3, 2010
#8	-0.61% Oct 27, 2025 - Nov 11, 2025	-14.25% Aug 1, 2016 - Nov 6, 2017
#9	-0.60% Sep 17, 2025 - Oct 1, 2025	-12.25% Dec 6, 2018 - Jan 31, 2019
#10	-0.49% Jun 4, 2026 - Jun 10, 2026	-11.81% Nov 13, 2017 - Jul 6, 2018
#11	-0.43% Apr 24, 2026 - May 6, 2026	-11.25% Dec 28, 2009 - Mar 5, 2010
#12	-0.36% Feb 19, 2026 - Feb 24, 2026	-10.78% Aug 7, 2009 - Sep 14, 2009
#13	-0.26% Jan 7, 2026 - Jan 14, 2026	-9.76% Sep 22, 2009 - Dec 2, 2009
#14	-0.19% Feb 5, 2026 - Feb 10, 2026	-9.14% May 1, 2012 - Jul 5, 2012
#15	-0.14% Oct 22, 2025 - Oct 27, 2025	-9.03% Aug 20, 2018 - Dec 6, 2018

Correlation

Correlation between HTAX and PSR is 0.79 which considered as a strong positive correlation - the stocks tend to move together.

0.79

-101

Dividend Comparison (2008 - 2026)

HTAX vs PSR dividend yield comparison.

Year	HTAX	PSR
2026	1.83%	0.64%
2025	3.67%	2.56%
2024	0.00%	3.06%
2023	0.00%	2.93%
2022	0.00%	2.94%
2021	0.00%	2.12%
2020	0.00%	3.09%
2019	0.00%	2.55%
2018	0.00%	2.64%
2017	0.00%	0.14%
2016	0.00%	3.60%
2015	0.00%	3.20%
2014	0.00%	1.24%
2013	0.00%	1.56%
2012	0.00%	1.99%
2011	0.00%	0.84%
2010	0.00%	2.11%
2009	0.00%	1.70%
2008	0.00%	1.21%