STAX vs LTAX
Comparison between MACQUARIE TAX-FREE USA SHORT TERM ETF (STAX, ETF) and Nomura TaxFree USA ETF (LTAX, ETF).
STAX vs LTAX - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
STAX
$6.30M
LTAX
$6.30M
Expense Ratio
Winner
STAX
0.29%
LTAX
0.39%
Max Drawdown
Winner
STAX
2.09%
LTAX
3.49%
Sharpe Ratio
Winner
STAX
0.33
LTAX
0.17
5Y Beta
Winner
STAX
0.00
LTAX
0.16
STAX vs LTAX - Historical Returns
Returns include dividend reinvestment.
1M
STAX
+0.58%
Winner
LTAX
+1.07%
3M
STAX
+0.49%
Winner
LTAX
+2.09%
6M
STAX
+1.63%
Winner
LTAX
+1.89%
1Y
STAX
+4.12%
LTAX
N/A
Max(CAGR)
STAX
+3.78%
Winner
LTAX
+4.67%
STAX vs LTAX - Annual Returns (2023 - 2026)
Returns include dividend reinvestment.
| Year | STAX | LTAX |
|---|---|---|
| 2026 | +1.32% | +1.89% |
| 2025 | +4.06% | N/A |
| 2024 | +2.58% | N/A |
| 2023 | +1.45% | N/A |
STAX vs LTAX Drawdown Comparison
The maximum drawdown for STAX was -1.42%, occurring on Apr 11, 2025. Recovery took 42 trading sessions.
The maximum drawdown for LTAX was -3.18%, occurring on Mar 24, 2026. Recovery took 64 trading sessions.
The current LTAX drawdown is -0.01%.
| Rank | STAX | LTAX |
|---|---|---|
| #1 | -1.42% Apr 4, 2025 - Jun 5, 2025 | -3.18% Feb 26, 2026 - May 29, 2026 |
| #2 | -1.05% Feb 27, 2026 - Jun 11, 2026 | -0.78% Jan 14, 2026 - Feb 5, 2026 |
| #3 | -0.86% Mar 20, 2024 - Jun 14, 2024 | -0.51% Jun 4, 2026 - Jun 10, 2026 |
| #4 | -0.65% Sep 27, 2024 - Nov 25, 2024 | -0.27% Feb 10, 2026 - Feb 12, 2026 |
| #5 | -0.55% Dec 6, 2024 - Jan 27, 2025 | -0.27% Feb 5, 2026 - Feb 9, 2026 |
| #6 | -0.55% Dec 27, 2023 - Feb 1, 2024 | -0.21% Jun 2, 2026 - Jun 4, 2026 |
| #7 | -0.51% Feb 28, 2025 - Apr 3, 2025 | -0.19% Feb 24, 2026 - Feb 26, 2026 |
| #8 | -0.44% Feb 1, 2024 - Mar 5, 2024 | -0.01% Feb 13, 2026 - Feb 18, 2026 |
| #9 | -0.42% Sep 16, 2025 - Dec 18, 2025 | -0.00% Feb 19, 2026 - Feb 24, 2026 |
| #10 | -0.18% Feb 10, 2025 - Feb 21, 2025 | N/A |
| #11 | -0.17% Jun 25, 2024 - Jul 3, 2024 | N/A |
| #12 | -0.15% Aug 2, 2024 - Aug 14, 2024 | N/A |
| #13 | -0.13% Mar 13, 2024 - Mar 20, 2024 | N/A |
| #14 | -0.08% Aug 14, 2024 - Aug 20, 2024 | N/A |
| #15 | -0.08% Aug 29, 2025 - Sep 4, 2025 | N/A |
Correlation
Correlation between STAX and LTAX is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.
0.92
-101
Dividend Comparison (2024 - 2026)
STAX vs LTAX dividend yield comparison.
| Year | STAX | LTAX |
|---|---|---|
| 2026 | 1.34% | 1.34% |
| 2025 | 3.16% | 0.00% |
| 2024 | 3.43% | 0.00% |
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