HZO vs. INDA
HZO (MarineMax, Inc.) is a stock, while INDA (iShares MSCI India ETF) is India Equities fund tracking the MSCI India Index. Over the past 10 years, HZO returned 5.79%/yr vs 6.56%/yr for INDA. Their 0.30 correlation means their historical movements had little consistent relationship.
Performance
HZO vs. INDA - Performance Comparison
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Returns By Period
In the year-to-date period, HZO achieves a 42.26% return, which is significantly higher than INDA's -7.86% return. Over the past 10 years, HZO has underperformed INDA with an annualized return of 5.79%, while INDA has yielded a comparatively higher 6.56% annualized return.
HZO
- 1D
- -1.60%
- 1M
- -0.03%
- 6M
- 27.52%
- YTD
- 42.26%
- 1Y
- 54.64%
- 3Y*
- -4.29%
- 5Y*
- -8.52%
- 10Y*
- 5.79%
- ALL TIME*
- 3.67%
INDA
- 1D
- 0.20%
- 1M
- 0.48%
- 6M
- -3.75%
- YTD
- -7.86%
- 1Y
- -5.54%
- 3Y*
- 4.09%
- 5Y*
- 3.65%
- 10Y*
- 6.56%
- ALL TIME*
- 5.44%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $11.99M | $9.95M | $11.32M | |
| $354.20M | $298.51M | $312.64M |
HZO vs. INDA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HZO MarineMax, Inc. | 42.26% | -16.30% | -25.58% | 24.60% | -47.12% | 68.54% | 109.89% | -8.85% | -3.12% | -2.33% |
INDA iShares MSCI India ETF | -7.86% | 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 0.23, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.23 |
Correlation (3Y) Balances recent behavior with more history. | 0.31 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.32 |
Correlation (10Y) Provides a long-term view across more market conditions. | 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 | +1.37 | ||
| Sortino ratioReturn per unit of downside risk | +2.20 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 0.95 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 2.19 | -0.30 | +2.49 |
| Martin ratioReturn relative to average drawdown | 5.55 | -0.66 | +6.22 |
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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% | -17.85% | -6.00% |
Max Drawdown (3Y)Largest decline over 3 years | -54.96% | -22.72% | -32.24% |
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 | -48.15% | -15.27% | -32.88% |
Average DrawdownAverage peak-to-trough decline | -46.33% | -9.65% | -36.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.39% | 8.16% | +1.23% |
Volatility
HZO vs. INDA - Volatility Comparison
MarineMax, Inc. (HZO) has a higher volatility of 12.28% compared to iShares MSCI India ETF (INDA) at 4.11%. 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 | 12.28% | 4.11% | +8.17% |
Volatility (6M)Calculated over the trailing 6-month period | 35.17% | 13.19% | +21.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.46% | 15.11% | +36.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.62% | 15.50% | +37.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.26% | 21.07% | +34.19% |
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 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HZO has higher volatility (12.28%) compared to INDA (4.11%). In terms of maximum drawdown, HZO dropped -96.75% vs INDA's -45.07%.
HZO currently has the higher Sharpe Ratio (1.02 vs -0.36), 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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