INDL vs HTAX

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

INDL vs HTAX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

Winner

INDL

$57M

HTAX

$57M

Expense Ratio

INDL

N/A

HTAX

0.49%

Max Drawdown

INDL

95.75%

Winner

HTAX

7.34%

Sharpe Ratio

INDL

-1.17

Winner

HTAX

1.00

5Y Beta

INDL

0.89

Winner

HTAX

0.02

INDL vs HTAX - Historical Returns

Returns include dividend reinvestment.

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

Winner

INDL

+2.48%

HTAX

+1.18%

INDL

-3.38%

Winner

HTAX

+2.54%

INDL

-20.84%

Winner

HTAX

+3.61%

INDL

-28.42%

Winner

HTAX

+8.06%

5Y(CAGR)

INDL

-2.48%

HTAX

N/A

10Y(CAGR)

INDL

+0.24%

HTAX

N/A

Max(CAGR)

INDL

-6.99%

Winner

HTAX

+3.90%

INDL vs HTAX - Annual Returns (2010 - 2026)

Returns include dividend reinvestment.

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

INDL vs HTAX Drawdown Comparison

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

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

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

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

Correlation

Correlation between INDL and HTAX 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)

INDL vs HTAX dividend yield comparison.

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