IFN vs. PEAFX

Last updated Jun 4, 2026

IFN (The India Fund) and PEAFX (PIMCO RAE Emerging Markets Fund Class A) are both Emerging Markets Equities funds. Over the past 10 years, IFN returned 5.99%/yr vs 11.41%/yr for PEAFX. A 0.54 correlation means they provide meaningful diversification when combined. IFN charges 0.01%/yr vs 1.10%/yr for PEAFX.

Performance

IFN vs. PEAFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The India Fund (IFN) and PIMCO RAE Emerging Markets Fund Class A (PEAFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IFN achieves a -15.46% return, which is significantly lower than PEAFX's 18.16% return. Over the past 10 years, IFN has underperformed PEAFX with an annualized return of 5.99%, while PEAFX has yielded a comparatively higher 11.41% annualized return.

IFN

• 1D: -1.45%
• 1M: -5.23%
• YTD: -15.46%
• 6M: -17.27%
• 1Y: -22.15%
• 3Y*: 0.84%
• 5Y*: 0.25%
• 10Y*: 5.99%

PEAFX

• 1D: 0.82%
• 1M: 2.95%
• YTD: 18.16%
• 6M: 14.06%
• 1Y: 30.79%
• 3Y*: 17.61%
• 5Y*: 8.10%
• 10Y*: 11.41%

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

IFN vs. PEAFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IFN The India Fund	-15.46%	0.42%	-2.26%	36.48%	-15.85%	22.31%	12.25%	11.27%	-5.33%	37.15%
PEAFX PIMCO RAE Emerging Markets Fund Class A	18.16%	20.25%	1.14%	22.28%	-10.71%	15.47%	6.43%	13.30%	-12.77%	28.91%

Correlation

The correlation between IFN and PEAFX is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (5Y) Calculated over the trailing 5-year period	0.46
Correlation (10Y) Calculated over the trailing 10-year period	0.53
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016	0.54

Over the past year, the correlation between IFN and PEAFX has dropped to 0.34 - well below their long-term average of 0.54, suggesting their price drivers have been diverging.

Return for Risk

IFN vs. PEAFX — Risk / Return Rank

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

IFN

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

PEAFX

PEAFX Risk / Return Rank: 56
PEAFX Sharpe Ratio Rank: 59
PEAFX Sortino Ratio Rank: 47
PEAFX Omega Ratio Rank: 57
PEAFX Calmar Ratio Rank: 68
PEAFX Martin Ratio Rank: 52

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. PEAFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The India Fund (IFN) and PIMCO RAE Emerging Markets Fund Class A (PEAFX). 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	PEAFX	Difference
Sharpe ratio: Return per unit of total volatility	-1.35	2.26	-3.62
Sortino ratio: Return per unit of downside risk	-2.00	2.88	-4.88
Omega ratio: Gain probability vs. loss probability	0.79	1.42	-0.63
Calmar ratio: Return relative to maximum drawdown	-0.85	3.19	-4.04
Martin ratio: Return relative to average drawdown	-1.88	10.66	-12.54
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. PEAFX - Sharpe Ratio Comparison

The current IFN Sharpe Ratio is -1.35, which is lower than the PEAFX Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of IFN and PEAFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IFN	PEAFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.35	2.26	-3.62
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.01	0.55	-0.53
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.32	0.67	-0.35
Sharpe Ratio (All Time) Calculated using the full available price history	0.23	0.70	-0.47

Drawdowns

IFN vs. PEAFX - Drawdown Comparison

The maximum IFN drawdown since its inception was -71.52%, which is greater than PEAFX's maximum drawdown of -47.18%. Use the drawdown chart below to compare losses from any high point for IFN and PEAFX.

Drawdown Indicators

	IFN	PEAFX	Difference
Max Drawdown Largest peak-to-trough decline	-71.52%	-47.18%	-24.34%
Max Drawdown (1Y) Largest decline over 1 year	-26.05%	-9.98%	-16.07%
Max Drawdown (3Y) Largest decline over 3 years	-31.53%	-22.22%	-9.31%
Max Drawdown (5Y) Largest decline over 5 years	-31.53%	-28.57%	-2.96%
Max Drawdown (10Y) Largest decline over 10 years	-41.48%	-47.18%	+5.70%
Current Drawdown Current decline from peak	-29.31%	0.00%	-29.31%
Average Drawdown Average peak-to-trough decline	-25.89%	-10.17%	-15.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.78%	2.97%	+8.81%

Volatility

IFN vs. PEAFX - Volatility Comparison

The India Fund (IFN) has a higher volatility of 5.53% compared to PIMCO RAE Emerging Markets Fund Class A (PEAFX) at 4.63%. This indicates that IFN's price experiences larger fluctuations and is considered to be riskier than PEAFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IFN	PEAFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.53%	4.63%	+0.90%
Volatility (6M) Calculated over the trailing 6-month period	13.39%	11.86%	+1.53%
Volatility (1Y) Calculated over the trailing 1-year period	16.41%	14.07%	+2.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.67%	14.85%	+2.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.90%	17.13%	+1.77%

IFN vs. PEAFX - Expense Ratio Comparison

IFN has a 0.01% expense ratio, which is lower than PEAFX's 1.10% expense ratio.

Dividends

IFN vs. PEAFX - Dividend Comparison

IFN's dividend yield for the trailing twelve months is around 20.07%, more than PEAFX's 2.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IFN The India Fund	20.07%	16.09%	14.60%	8.97%	21.47%	15.21%	9.77%	11.57%	22.25%	12.11%	7.97%	8.02%
PEAFX PIMCO RAE Emerging Markets Fund Class A	2.52%	2.97%	1.01%	4.01%	11.33%	9.19%	7.05%	2.48%	11.05%	8.07%	2.59%	0.00%

Frequently Asked Questions

Can I hold both IFN and PEAFX in my portfolio?

IFN and PEAFX have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IFN or PEAFX?

IFN has higher volatility (5.53%) compared to PEAFX (4.63%). In terms of maximum drawdown, IFN dropped -71.52% vs PEAFX's -47.18%.

Which has better risk-adjusted returns?

PEAFX currently has the higher Sharpe Ratio (2.26 vs -1.35), 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.