HZO vs. INDA
HZO (MarineMax, Inc.) is a stock, while INDA (iShares MSCI India ETF) is Asia Pacific Equities fund tracking the MSCI India Index. Over the past 10 years, HZO returned 7.74%/yr vs 7.42%/yr for INDA. At a 0.30 correlation, their price movements are largely independent.
Performance
HZO vs. INDA - Performance Comparison
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Returns By Period
In the year-to-date period, HZO achieves a 43.58% return, which is significantly higher than INDA's -9.21% return. Both investments have delivered pretty close results over the past 10 years, with HZO having a 7.74% annualized return and INDA not far behind at 7.42%.
HZO
- 1D
- -0.11%
- 1M
- -0.37%
- YTD
- 43.58%
- 6M
- 42.00%
- 1Y
- 42.12%
- 3Y*
- 4.99%
- 5Y*
- -6.47%
- 10Y*
- 7.74%
INDA
- 1D
- -1.70%
- 1M
- 1.41%
- YTD
- -9.21%
- 6M
- -9.91%
- 1Y
- -9.65%
- 3Y*
- 5.09%
- 5Y*
- 3.46%
- 10Y*
- 7.42%
HZO vs. INDA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HZO MarineMax, Inc. | 43.58% | -16.30% | -25.58% | 24.60% | -47.12% | 68.54% | 109.89% | -8.85% | -3.12% | -2.33% |
INDA iShares MSCI India ETF | -9.21% | 2.68% | 8.63% | 17.16% | -8.94% | 21.36% | 14.83% | 6.49% | -6.67% | 36.08% |
Correlation
The correlation between HZO and INDA is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2012 | 0.30 |
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Return for Risk
HZO vs. INDA — Risk / Return Rank
HZO
INDA
HZO vs. INDA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MarineMax, Inc. (HZO) and iShares MSCI India ETF (INDA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HZO | INDA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.42 | ||
| Sortino ratioReturn per unit of downside risk | +2.28 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 0.90 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.77 | -0.52 | +2.29 |
| Martin ratioReturn relative to average drawdown | 4.13 | -1.17 | +5.30 |
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Drawdowns
HZO vs. INDA - Drawdown Comparison
The maximum HZO drawdown since its inception was -96.75%, which is greater than INDA's maximum drawdown of -45.07%. Use the drawdown chart below to compare losses from any high point for HZO and INDA.
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Drawdown Indicators
| HZO | INDA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.75% | -45.07% | -51.68% |
Max Drawdown (1Y)Largest decline over 1 year | -23.85% | -18.69% | -5.16% |
Max Drawdown (3Y)Largest decline over 3 years | -56.62% | -22.72% | -33.90% |
Max Drawdown (5Y)Largest decline over 5 years | -70.10% | -22.72% | -47.38% |
Max Drawdown (10Y)Largest decline over 10 years | -73.44% | -45.07% | -28.37% |
Current DrawdownCurrent decline from peak | -47.67% | -16.51% | -31.16% |
Average DrawdownAverage peak-to-trough decline | -46.33% | -9.60% | -36.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.22% | 8.28% | +1.94% |
Volatility
HZO vs. INDA - Volatility Comparison
MarineMax, Inc. (HZO) has a higher volatility of 10.47% compared to iShares MSCI India ETF (INDA) at 4.56%. This indicates that HZO's price experiences larger fluctuations and is considered to be riskier than INDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HZO | INDA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.47% | 4.56% | +5.91% |
Volatility (6M)Calculated over the trailing 6-month period | 36.50% | 13.07% | +23.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.87% | 14.91% | +39.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.64% | 15.44% | +37.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.18% | 21.08% | +34.10% |
Dividends
HZO vs. INDA - Dividend Comparison
Neither HZO nor INDA has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HZO MarineMax, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
INDA iShares MSCI India ETF | 0.00% | 0.00% | 0.76% | 0.16% | 0.00% | 6.44% | 0.27% | 0.99% | 0.94% | 1.09% | 0.90% | 1.19% |
Frequently Asked Questions
HZO and INDA have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HZO has higher volatility (10.47%) compared to INDA (4.56%). In terms of maximum drawdown, HZO dropped -96.75% vs INDA's -45.07%.
HZO currently has the higher Sharpe Ratio (0.77 vs -0.65), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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