IFN vs. IIF
IFN (Aberdeen India Fund) and IIF (Morgan Stanley India Investment Fund) are both Emerging Markets Equities funds. Over the past 10 years, IFN returned 6.36%/yr vs 7.85%/yr for IIF. Their 0.76 correlation means they have sometimes moved together and sometimes differently. IFN charges 0.01%/yr vs 0.01%/yr for IIF.
Performance
IFN vs. IIF - Performance Comparison
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Returns By Period
In the year-to-date period, IFN achieves a -8.68% return, which is significantly lower than IIF's -8.13% return. Over the past 10 years, IFN has underperformed IIF with an annualized return of 6.36%, while IIF has yielded a comparatively higher 7.85% annualized return.
IFN
- 1D
- -0.26%
- 1M
- 0.09%
- 6M
- -7.67%
- YTD
- -8.68%
- 1Y
- -11.96%
- 3Y*
- 0.40%
- 5Y*
- 1.54%
- 10Y*
- 6.36%
- ALL TIME*
- 7.57%
IIF
- 1D
- -0.13%
- 1M
- 0.22%
- 6M
- -1.92%
- YTD
- -8.13%
- 1Y
- -9.25%
- 3Y*
- 11.93%
- 5Y*
- 8.92%
- 10Y*
- 7.85%
- ALL TIME*
- 13.21%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.78M | $1.59M | $1.78M | |
| $680.67K | $759.12K | $751.79K |
IFN vs. IIF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IFN Aberdeen India Fund | -8.68% | 0.42% | -2.26% | 36.48% | -15.85% | 22.31% | 12.25% | 11.27% | -5.33% | 37.15% |
IIF Morgan Stanley India Investment Fund | -8.13% | 6.71% | 29.65% | 21.43% | -9.55% | 30.87% | 6.66% | -0.66% | -21.25% | 49.89% |
Correlation
The correlation between IFN and IIF is 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.68 |
Correlation (3Y) Balances recent behavior with more history. | 0.70 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.72 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.75 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 1995 | 0.76 |
The correlation between IFN and IIF has been stable across timeframes, ranging from 0.68 to 0.76 - a consistent structural relationship.
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Return for Risk
IFN vs. IIF — Risk / Return Rank
IFN
IIF
IFN vs. IIF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Aberdeen India Fund (IFN) 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.
| IFN | IIF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 0.91 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | -0.42 | -0.09 |
| Martin ratioReturn relative to average drawdown | -1.04 | -0.93 | -0.11 |
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Drawdowns
IFN vs. IIF - Drawdown Comparison
The maximum IFN drawdown since its inception was -71.52%, which is greater than IIF's maximum drawdown of -62.11%. Use the drawdown chart below to compare losses from any high point for IFN and IIF.
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Drawdown Indicators
| IFN | IIF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.52% | -62.11% | -9.41% |
Max Drawdown (1Y)Largest decline over 1 year | -22.99% | -22.52% | -0.47% |
Max Drawdown (3Y)Largest decline over 3 years | -31.53% | -24.05% | -7.48% |
Max Drawdown (5Y)Largest decline over 5 years | -31.53% | -24.05% | -7.48% |
Max Drawdown (10Y)Largest decline over 10 years | -41.48% | -59.05% | +17.57% |
Current DrawdownCurrent decline from peak | -23.64% | -12.67% | -10.97% |
Average DrawdownAverage peak-to-trough decline | -25.88% | -19.75% | -6.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.11% | 10.02% | +1.09% |
Volatility
IFN vs. IIF - Volatility Comparison
The current volatility for Aberdeen India Fund (IFN) is 3.30%, while Morgan Stanley India Investment Fund (IIF) has a volatility of 4.15%. This indicates that IFN 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
| IFN | IIF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.30% | 4.15% | -0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 14.15% | 13.94% | +0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.70% | 16.16% | +0.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.77% | 15.83% | +1.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.88% | 19.77% | -0.89% |
IFN vs. IIF - Expense Ratio Comparison
IFN has a 0.01% 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
IFN vs. IIF - Dividend Comparison
IFN's dividend yield for the trailing twelve months is around 18.58%, more than IIF's 8.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IFN Aberdeen India Fund | 18.58% | 16.09% | 14.60% | 8.97% | 21.47% | 15.21% | 9.77% | 11.57% | 22.25% | 12.11% | 7.97% | 8.02% |
IIF Morgan Stanley India Investment Fund | 8.65% | 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
IFN and IIF have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IIF has higher volatility (4.15%) compared to IFN (3.30%). In terms of maximum drawdown, IFN dropped -71.52% vs IIF's -62.11%.
IIF currently has the higher Sharpe Ratio (-0.58 vs -0.69), 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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