IFN vs. GQGIX

Last updated Apr 1, 2026

Compare and contrast key facts about The India Fund (IFN) and GQG Partners Emerging Markets Equity Fund Institutional Shares (GQGIX).

IFN is managed by India Fund. It was launched on Feb 25, 1994. GQGIX is managed by GQG Partners.

Performance

IFN vs. GQGIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The India Fund (IFN) and GQG Partners Emerging Markets Equity Fund Institutional Shares (GQGIX). The values are adjusted to include any dividend payments, if applicable.

IFN vs. GQGIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IFN The India Fund	-14.65%	0.42%	-2.26%	36.48%	-15.85%	22.31%	12.25%	11.27%	-5.33%	38.90%
GQGIX GQG Partners Emerging Markets Equity Fund Institutional Shares	0.45%	9.92%	6.19%	28.81%	-20.85%	-2.37%	33.98%	21.08%	-14.70%	30.20%

Returns By Period

In the year-to-date period, IFN achieves a -14.65% return, which is significantly lower than GQGIX's 0.45% return.

IFN

• 1D: 4.24%
• 1M: -14.95%
• YTD: -14.65%
• 6M: -15.07%
• 1Y: -16.89%
• 3Y*: 2.90%
• 5Y*: 1.01%
• 10Y*: 6.77%

GQGIX

• 1D: -0.61%
• 1M: -7.74%
• YTD: 0.45%
• 6M: 4.06%
• 1Y: 10.75%
• 3Y*: 13.55%
• 5Y*: 3.40%
• 10Y*: —

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

IFN vs. GQGIX - Expense Ratio Comparison

IFN has a 0.01% expense ratio, which is lower than GQGIX's 0.98% expense ratio.

GQGIX

GQG Partners Emerging Markets Equity Fund Institutional Shares

IFN

The India Fund

Return for Risk

IFN vs. GQGIX — Risk / Return Rank

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

IFN

IFN Risk / Return Rank: 1
IFN Sharpe Ratio Rank: 0
IFN Sortino Ratio Rank: 0
IFN Omega Ratio Rank: 1
IFN Calmar Ratio Rank: 1
IFN Martin Ratio Rank: 1

GQGIX

GQGIX Risk / Return Rank: 38
GQGIX Sharpe Ratio Rank: 42
GQGIX Sortino Ratio Rank: 40
GQGIX Omega Ratio Rank: 33
GQGIX Calmar Ratio Rank: 39
GQGIX Martin Ratio Rank: 34

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.

IFN vs. GQGIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The India Fund (IFN) and GQG Partners Emerging Markets Equity Fund Institutional Shares (GQGIX). 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.

	IFN	GQGIX	Difference
Sharpe ratio Return per unit of total volatility	-0.91	0.85	-1.76
Sortino ratio Return per unit of downside risk	-1.21	1.23	-2.43
Omega ratio Gain probability vs. loss probability	0.85	1.16	-0.31
Calmar ratio Return relative to maximum drawdown	-0.63	1.03	-1.66
Martin ratio Return relative to average drawdown	-1.94	3.60	-5.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IFN vs. GQGIX - Sharpe Ratio Comparison

The current IFN Sharpe Ratio is -0.91, which is lower than the GQGIX Sharpe Ratio of 0.85. The chart below compares the historical Sharpe Ratios of IFN and GQGIX, 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

	IFN	GQGIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.91	0.85	-1.76
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.06	0.23	-0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.36	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.23	0.53	-0.30

Correlation

The correlation between IFN and GQGIX is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

IFN vs. GQGIX - Dividend Comparison

IFN's dividend yield for the trailing twelve months is around 19.40%, more than GQGIX's 2.12% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IFN The India Fund	19.40%	16.09%	14.60%	8.97%	21.47%	15.21%	9.77%	11.57%	22.25%	12.11%	7.97%	8.02%
GQGIX GQG Partners Emerging Markets Equity Fund Institutional Shares	2.12%	2.13%	1.70%	2.71%	5.67%	3.91%	0.24%	1.16%	0.81%	0.25%	0.00%	0.00%

Drawdowns

IFN vs. GQGIX - Drawdown Comparison

The maximum IFN drawdown since its inception was -71.52%, which is greater than GQGIX's maximum drawdown of -33.50%. Use the drawdown chart below to compare losses from any high point for IFN and GQGIX.

Drawdown Indicators

	IFN	GQGIX	Difference
Max Drawdown Largest peak-to-trough decline	-71.52%	-33.50%	-38.02%
Max Drawdown (1Y) Largest decline over 1 year	-26.05%	-9.11%	-16.94%
Max Drawdown (5Y) Largest decline over 5 years	-31.53%	-29.89%	-1.64%
Max Drawdown (10Y) Largest decline over 10 years	-41.48%	—	—
Current Drawdown Current decline from peak	-28.63%	-8.96%	-19.67%
Average Drawdown Average peak-to-trough decline	-25.89%	-11.54%	-14.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.47%	2.60%	+5.87%

Volatility

IFN vs. GQGIX - Volatility Comparison

The India Fund (IFN) has a higher volatility of 7.42% compared to GQG Partners Emerging Markets Equity Fund Institutional Shares (GQGIX) at 5.75%. This indicates that IFN's price experiences larger fluctuations and is considered to be riskier than GQGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IFN	GQGIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.42%	5.75%	+1.67%
Volatility (6M) Calculated over the trailing 6-month period	12.47%	8.87%	+3.60%
Volatility (1Y) Calculated over the trailing 1-year period	18.71%	12.51%	+6.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.59%	14.72%	+2.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.89%	15.99%	+2.90%