HZO vs. INDA

Last updated Apr 2, 2026

Compare and contrast key facts about MarineMax, Inc. (HZO) and iShares MSCI India ETF (INDA).

INDA is a passively managed fund by iShares that tracks the performance of the MSCI India Index. It was launched on Feb 2, 2012.

Performance

HZO vs. INDA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MarineMax, Inc. (HZO) and iShares MSCI India ETF (INDA). The values are adjusted to include any dividend payments, if applicable.

HZO vs. INDA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HZO MarineMax, Inc.	12.79%	-16.30%	-25.58%	24.60%	-47.12%	68.54%	109.89%	-8.85%	-3.12%	-2.33%
INDA iShares MSCI India ETF	-13.58%	2.68%	8.63%	17.16%	-8.94%	21.36%	14.83%	6.49%	-6.67%	36.08%

Returns By Period

In the year-to-date period, HZO achieves a 12.79% return, which is significantly higher than INDA's -13.58% return. Over the past 10 years, HZO has underperformed INDA with an annualized return of 3.44%, while INDA has yielded a comparatively higher 6.85% annualized return.

HZO

• 1D: 1.00%
• 1M: -11.44%
• YTD: 12.79%
• 6M: 5.77%
• 1Y: 26.24%
• 3Y*: -1.67%
• 5Y*: -11.34%
• 10Y*: 3.44%

INDA

• 1D: -0.28%
• 1M: -8.32%
• YTD: -13.58%
• 6M: -10.84%
• 1Y: -8.50%
• 3Y*: 6.19%
• 5Y*: 3.44%
• 10Y*: 6.85%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

HZO vs. INDA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HZO

HZO Risk / Return Rank: 59
HZO Sharpe Ratio Rank: 56
HZO Sortino Ratio Rank: 57
HZO Omega Ratio Rank: 54
HZO Calmar Ratio Rank: 65
HZO Martin Ratio Rank: 64

INDA

INDA Risk / Return Rank: 3
INDA Sharpe Ratio Rank: 3
INDA Sortino Ratio Rank: 3
INDA Omega Ratio Rank: 3
INDA Calmar Ratio Rank: 4
INDA Martin Ratio Rank: 1

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

	HZO	INDA	Difference
Sharpe ratio Return per unit of total volatility	0.43	-0.55	+0.97
Sortino ratio Return per unit of downside risk	1.10	-0.70	+1.80
Omega ratio Gain probability vs. loss probability	1.13	0.92	+0.21
Calmar ratio Return relative to maximum drawdown	1.14	-0.50	+1.63
Martin ratio Return relative to average drawdown	2.53	-1.63	+4.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HZO vs. INDA - Sharpe Ratio Comparison

The current HZO Sharpe Ratio is 0.43, which is higher than the INDA Sharpe Ratio of -0.55. The chart below compares the historical Sharpe Ratios of HZO and INDA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HZO	INDA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.43	-0.55	+0.97
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.21	0.22	-0.44
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.06	0.33	-0.26
Sharpe Ratio (All Time) Calculated using the full available price history	0.05	0.23	-0.18

Correlation

The correlation between HZO and INDA is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

HZO vs. INDA - Dividend Comparison

Neither HZO nor INDA has paid dividends to shareholders.

	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%

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.

Drawdown Indicators

	HZO	INDA	Difference
Max Drawdown Largest 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 (5Y) Largest decline over 5 years	-73.44%	-22.72%	-50.72%
Max Drawdown (10Y) Largest decline over 10 years	-73.44%	-45.07%	-28.37%
Current Drawdown Current decline from peak	-58.89%	-20.53%	-38.36%
Average Drawdown Average peak-to-trough decline	-46.29%	-9.48%	-36.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.74%	5.70%	+5.04%

Volatility

HZO vs. INDA - Volatility Comparison

MarineMax, Inc. (HZO) has a higher volatility of 13.48% compared to iShares MSCI India ETF (INDA) at 6.79%. 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.

Volatility by Period

	HZO	INDA	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.48%	6.79%	+6.69%
Volatility (6M) Calculated over the trailing 6-month period	39.91%	10.88%	+29.03%
Volatility (1Y) Calculated over the trailing 1-year period	62.00%	15.58%	+46.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.15%	15.38%	+37.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	55.06%	21.12%	+33.94%