ISUL vs ZTAX
Comparison between GraniteShares 2x Long ISRG Daily ETF (ISUL, ETF) and X-Square Municipal Income Tax Free ETF (ZTAX, ETF).
ISUL vs ZTAX - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
ISUL
$7.10M
Winner
ZTAX
$7.20M
Expense Ratio
ISUL
N/A
ZTAX
0.92%
Max Drawdown
ISUL
72.19%
Winner
ZTAX
19.10%
Sharpe Ratio
ISUL
-0.90
Winner
ZTAX
0.31
5Y Beta
ISUL
1.88
Winner
ZTAX
-0.14
ISUL vs ZTAX - Historical Returns
Returns include dividend reinvestment.
1M
ISUL
-33.10%
Winner
ZTAX
+1.93%
3M
ISUL
-54.95%
Winner
ZTAX
+3.44%
6M
ISUL
-63.46%
Winner
ZTAX
+2.03%
1Y
ISUL
N/A
ZTAX
+8.15%
Max(CAGR)
ISUL
-59.90%
Winner
ZTAX
+6.10%
ISUL vs ZTAX - Annual Returns (2023 - 2026)
Returns include dividend reinvestment.
| Year | ISUL | ZTAX |
|---|---|---|
| 2026 | -68.50% | +1.26% |
| 2025 | +56.51% | -1.04% |
| 2024 | N/A | +6.88% |
| 2023 | N/A | +9.11% |
ISUL vs ZTAX Drawdown Comparison
The maximum drawdown for ISUL was -72.19%, occurring on Jul 23, 2026. This drawdown has not yet recovered.
The maximum drawdown for ZTAX was -15.33%, occurring on Apr 10, 2025. Recovery took 493 trading sessions.
The current ISUL drawdown is -71.66%. The current ZTAX drawdown is -9.01%.
| Rank | ISUL | ZTAX |
|---|---|---|
| #1 | -72.19% Jan 6, 2026 - Jul 23, 2026 | -15.33% Jun 21, 2024 - Jun 10, 2026 |
| #2 | -12.62% Nov 25, 2025 - Jan 6, 2026 | -11.90% Jul 25, 2023 - Mar 13, 2024 |
| #3 | -10.35% Nov 10, 2025 - Nov 25, 2025 | -11.26% Jun 16, 2026 - Jul 10, 2026 |
| #4 | -8.54% Oct 8, 2025 - Oct 20, 2025 | -9.50% Jun 10, 2026 - Jun 16, 2026 |
| #5 | -7.89% Oct 23, 2025 - Nov 7, 2025 | -8.04% May 25, 2023 - Jun 8, 2023 |
| #6 | N/A | -7.38% Jun 17, 2024 - Jun 21, 2024 |
| #7 | N/A | -6.42% Jun 21, 2023 - Jul 24, 2023 |
| #8 | N/A | -5.83% Apr 24, 2024 - Jun 11, 2024 |
| #9 | N/A | -4.44% Apr 15, 2024 - Apr 24, 2024 |
| #10 | N/A | -4.41% Jun 8, 2023 - Jun 21, 2023 |
| #11 | N/A | -3.88% Jun 11, 2024 - Jun 17, 2024 |
| #12 | N/A | -2.10% Mar 22, 2024 - Mar 28, 2024 |
| #13 | N/A | -1.76% Mar 28, 2024 - Apr 8, 2024 |
| #14 | N/A | -1.30% Apr 8, 2024 - Apr 15, 2024 |
| #15 | N/A | -0.54% May 22, 2023 - May 24, 2023 |
Correlation
Correlation between ISUL and ZTAX is -0.66 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.
-0.66
-101
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