Morgan Stanley India Investment Fund (IIF) Sharpe Ratio: -0.58

IIF's Sharpe Ratio of -0.58 indicates that for each unit of volatility, it generates -0.58 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Aug 1, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

IIF Sharpe Ratio Rank

Concerning

IIF ranks above 1.0% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating weak returns relative to total risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

Strong returns with low total volatility → Higher rank
High volatility (both upside and downside) → Lower rank
Consistent returns → Higher rank than volatile returns of same magnitude
Sharp drawdowns increase volatility → Lower rank

What you can do with this information

Weak risk-adjusted returns relative to category peers
Evaluate whether this holding aligns with your risk-return objectives
Consider reducing exposure or re-evaluating position size
Review higher-ranked alternatives in the same category

IIF Sharpe Ratio Market Positioning

The chart shows IIF's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

Red zone (bottom 25%): 0.93 or lower
Yellow zone (middle 50%): 0.93 to 1.81
Green zone (top 25%): 1.81 or higher
Top 1%: 3.73+
Median: 1.45 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Morgan Stanley India Investment Fund's Sharpe Ratio with other mutual funds in the Emerging Markets Equities, India Equities, Asia Pacific Equities category across multiple time periods, showing how IIF's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Aug 1, 2026.

Symbol	Name	1Y Sharpe Ratio
TWN	The Taiwan Fund Inc.	3.21
RLEMX	Lazard Emerging Markets Equity Portfolio Class R6	2.94
LZEMX	Lazard Emerging Markets Equity Portfolio	2.93
DEMIX	Delaware Emerging Markets Fund	2.80
DEMAX	Nomura Emerging Markets Fund Class A	2.79
DEMCX	Nomura Emerging Markets Fund Class C	2.75
FQEMX	Franklin Templeton SMACS: Series EM	2.36
BEMIX	Brandes Emerging Markets Fund	2.29
DODEX	Dodge & Cox Emerging Markets Stock Fund	2.25
GMAQX	GMO Emerging Markets ex-China Fund	2.23
IIF	Morgan Stanley India Investment Fund	-0.58

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Historical Sharpe Ratio

The chart shows IIF's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when IIF consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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