PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
HZO vs. INDA
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HZO vs. INDA

Last updated Jun 4, 2026

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 7.60%/yr vs 6.56%/yr for INDA. At a 0.30 correlation, their price movements are largely independent.

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.

Loading charts...

Returns By Period

In the year-to-date period, HZO achieves a 43.09% return, which is significantly higher than INDA's -12.38% return. Over the past 10 years, HZO has outperformed INDA with an annualized return of 7.60%, while INDA has yielded a comparatively lower 6.56% annualized return.

HZO

1D
-0.23%
1M
25.34%
YTD
43.09%
6M
46.53%
1Y
59.04%
3Y*
3.79%
5Y*
-6.05%
10Y*
7.60%

INDA

1D
-1.39%
1M
-2.61%
YTD
-12.38%
6M
-11.33%
1Y
-12.23%
3Y*
4.17%
5Y*
2.32%
10Y*
6.56%
*Multi-year figures are annualized to reflect compound growth (CAGR)

HZO vs. INDA - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
HZO
MarineMax, Inc.		43.09%-16.30%-25.58%24.60%-47.12%68.54%109.89%-8.85%-3.12%-2.33%
INDA
iShares MSCI India ETF		-12.38%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 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.24

Correlation (3Y)
Calculated over the trailing 3-year period

0.30

Correlation (5Y)
Calculated over the trailing 5-year period

0.31

Correlation (10Y)
Calculated over the trailing 10-year period

0.28

Correlation (All Time)
Calculated using the full available price history since Feb 6, 2012

0.30

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

MarineMax, Inc.

iShares MSCI India ETF

Often compared with HZO:
HZO vs. TRMDHZO vs. GOOGLHZO vs. SPYHZO vs. OMEXHZO vs. MATXHZO vs. CLHHZO vs. OII
Often compared with INDA:
INDA vs. FLININDA vs. INDYINDA vs. EPIINDA vs. SMININDA vs. VOOINDA vs. MCHIINDA vs. VNM

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: 7373
Overall Rank
HZO Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
HZO Sortino Ratio Rank: 7070
Sortino Ratio Rank
HZO Omega Ratio Rank: 6868
Omega Ratio Rank
HZO Calmar Ratio Rank: 7878
Calmar Ratio Rank
HZO Martin Ratio Rank: 7777
Martin Ratio Rank
INDA
INDA Risk / Return Rank: 22
Overall Rank
INDA Sharpe Ratio Rank: 22
Sharpe Ratio Rank
INDA Sortino Ratio Rank: 22
Sortino Ratio Rank
INDA Omega Ratio Rank: 22
Omega Ratio Rank
INDA Calmar Ratio Rank: 33
Calmar Ratio Rank
INDA Martin Ratio Rank: 11
Martin Ratio Rank
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.

HZOINDADifference
Sharpe ratioReturn per unit of total volatility
1.07
-0.84

+1.90

Sortino ratioReturn per unit of downside risk
1.76
-1.15

+2.91

Omega ratioGain probability vs. loss probability

1.22

0.87

+0.35

Calmar ratioReturn relative to maximum drawdown

2.49

-0.66

+3.15

Martin ratioReturn relative to average drawdown

5.81

-1.59

+7.40

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 1.07, which is higher than the INDA Sharpe Ratio of -0.84. The chart below compares the historical Sharpe Ratios of HZO and INDA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

HZOINDADifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.07

-0.84

+1.90

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.12

0.15

-0.27

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.14

0.31

-0.17

Sharpe Ratio (All Time)

Calculated using the full available price history

0.06

0.23

-0.17

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.

Loading charts...

Drawdown Indicators

HZOINDADifference

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 (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 Drawdown

Current decline from peak

-47.85%

-19.42%

-28.43%

Average Drawdown

Average peak-to-trough decline

-46.33%

-9.57%

-36.76%

Ulcer Index

Depth and duration of drawdowns from previous peaks

10.18%

7.71%

+2.47%

Volatility

HZO vs. INDA - Volatility Comparison

MarineMax, Inc. (HZO) has a higher volatility of 14.16% compared to iShares MSCI India ETF (INDA) at 5.26%. 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.

Loading charts...

Volatility by Period

HZOINDADifference

Volatility (1M)

Calculated over the trailing 1-month period

14.16%

5.26%

+8.90%

Volatility (6M)

Calculated over the trailing 6-month period

36.22%

12.66%

+23.56%

Volatility (1Y)

Calculated over the trailing 1-year period

55.87%

14.67%

+41.20%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

52.60%

15.37%

+37.23%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

55.14%

21.12%

+34.02%

Dividends

HZO vs. INDA - Dividend Comparison

Neither HZO nor INDA has paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
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 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

HZO has higher volatility (14.16%) compared to INDA (5.26%). In terms of maximum drawdown, HZO dropped -96.75% vs INDA's -45.07%.

HZO currently has the higher Sharpe Ratio (1.07 vs -0.84), 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.

Portfolio Optimizer

Find the right allocation for HZO and INDA

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer