EAD vs. IIF
EAD (Emerging Markets Dividend Fund) and IIF (Morgan Stanley India Investment Fund) are both Emerging Markets Equities funds. Over the past 10 years, EAD returned 6.61%/yr vs 7.78%/yr for IIF. Their 0.30 correlation means their historical movements had little consistent relationship. EAD charges 0.04%/yr vs 0.01%/yr for IIF.
Performance
EAD vs. IIF - Performance Comparison
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Returns By Period
In the year-to-date period, EAD achieves a -0.90% return, which is significantly higher than IIF's -7.29% return. Over the past 10 years, EAD has underperformed IIF with an annualized return of 6.61%, while IIF has yielded a comparatively higher 7.78% annualized return.
EAD
- 1D
- 0.79%
- 1M
- -1.65%
- 6M
- -2.96%
- YTD
- -0.90%
- 1Y
- -0.53%
- 3Y*
- 9.71%
- 5Y*
- 2.42%
- 10Y*
- 6.61%
- ALL TIME*
- 6.74%
IIF
- 1D
- 0.92%
- 1M
- 1.14%
- 6M
- -4.34%
- YTD
- -7.29%
- 1Y
- -8.42%
- 3Y*
- 12.43%
- 5Y*
- 8.50%
- 10Y*
- 7.78%
- ALL TIME*
- 13.24%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.13M | $1.89M | $1.54M | |
| $799.60K | $794.04K | $767.10K |
EAD vs. IIF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EAD Emerging Markets Dividend Fund | -0.90% | 8.05% | 15.86% | 11.94% | -23.08% | 21.62% | 6.35% | 27.22% | -6.52% | 7.80% |
IIF Morgan Stanley India Investment Fund | -7.29% | 6.71% | 29.65% | 21.43% | -9.55% | 30.87% | 6.66% | -0.66% | -21.25% | 49.89% |
Correlation
The correlation between EAD and IIF is 0.35, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.35 |
Correlation (3Y) Balances recent behavior with more history. | 0.28 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.35 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.32 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2003 | 0.30 |
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Return for Risk
EAD vs. IIF — Risk / Return Rank
EAD
IIF
EAD vs. IIF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Emerging Markets Dividend Fund (EAD) and Morgan Stanley India Investment Fund (IIF). 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.
| EAD | IIF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.46 | ||
| Sortino ratioReturn per unit of downside risk | +0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 0.92 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.07 | -0.38 | +0.31 |
| Martin ratioReturn relative to average drawdown | -0.22 | -0.84 | +0.62 |
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Drawdowns
EAD vs. IIF - Drawdown Comparison
The maximum EAD drawdown since its inception was -67.37%, which is greater than IIF's maximum drawdown of -62.11%. Use the drawdown chart below to compare losses from any high point for EAD and IIF.
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Drawdown Indicators
| EAD | IIF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.37% | -62.11% | -5.26% |
Max Drawdown (1Y)Largest decline over 1 year | -8.16% | -22.52% | +14.36% |
Max Drawdown (3Y)Largest decline over 3 years | -12.65% | -24.05% | +11.40% |
Max Drawdown (5Y)Largest decline over 5 years | -29.44% | -24.05% | -5.39% |
Max Drawdown (10Y)Largest decline over 10 years | -41.54% | -59.05% | +17.51% |
Current DrawdownCurrent decline from peak | -3.58% | -11.88% | +8.30% |
Average DrawdownAverage peak-to-trough decline | -7.12% | -19.75% | +12.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.41% | 10.04% | -7.63% |
Volatility
EAD vs. IIF - Volatility Comparison
The current volatility for Emerging Markets Dividend Fund (EAD) is 1.90%, while Morgan Stanley India Investment Fund (IIF) has a volatility of 4.24%. This indicates that EAD experiences smaller price fluctuations and is considered to be less risky than IIF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EAD | IIF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.90% | 4.24% | -2.34% |
Volatility (6M)Calculated over the trailing 6-month period | 7.59% | 13.95% | -6.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.99% | 16.22% | -7.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.58% | 15.81% | -2.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.10% | 19.78% | -3.68% |
EAD vs. IIF - Expense Ratio Comparison
EAD has a 0.04% expense ratio, which is higher than IIF's 0.01% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EAD vs. IIF - Dividend Comparison
EAD's dividend yield for the trailing twelve months is around 10.11%, more than IIF's 8.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EAD Emerging Markets Dividend Fund | 10.11% | 9.47% | 9.08% | 9.07% | 10.97% | 7.59% | 8.51% | 8.44% | 9.11% | 8.58% | 9.62% | 10.95% |
IIF Morgan Stanley India Investment Fund | 8.57% | 7.95% | 10.67% | 14.61% | 19.62% | 3.75% | 0.02% | 0.14% | 30.40% | 15.23% | 4.46% | 0.16% |
Frequently Asked Questions
EAD and IIF have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IIF has higher volatility (4.24%) compared to EAD (1.90%). In terms of maximum drawdown, EAD dropped -67.37% vs IIF's -62.11%.
EAD currently has the higher Sharpe Ratio (-0.06 vs -0.52), 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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