IIF vs. EAD
Compare and contrast key facts about Morgan Stanley India Investment Fund (IIF) and Emerging Markets Dividend Fund (EAD).
IIF is managed by Morgan Stanley. It was launched on Feb 25, 1994. EAD is managed by Emerging Markets Fund Manager. It was launched on Jan 1, 2013.
Performance
IIF vs. EAD - Performance Comparison
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IIF vs. EAD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IIF Morgan Stanley India Investment Fund | -17.61% | 6.71% | 29.65% | 21.43% | -9.55% | 30.87% | 6.66% | -0.66% | -21.25% | 49.89% |
EAD Emerging Markets Dividend Fund | -2.13% | 8.05% | 15.86% | 11.94% | -23.08% | 21.62% | 6.35% | 27.22% | -6.52% | 7.80% |
Returns By Period
In the year-to-date period, IIF achieves a -17.61% return, which is significantly lower than EAD's -2.13% return. Both investments have delivered pretty close results over the past 10 years, with IIF having a 8.11% annualized return and EAD not far behind at 7.81%.
IIF
- 1D
- 3.11%
- 1M
- -13.71%
- YTD
- -17.61%
- 6M
- -15.69%
- 1Y
- -8.91%
- 3Y*
- 13.02%
- 5Y*
- 8.09%
- 10Y*
- 8.11%
EAD
- 1D
- 3.68%
- 1M
- -4.36%
- YTD
- -2.13%
- 6M
- -3.11%
- 1Y
- 4.08%
- 3Y*
- 10.60%
- 5Y*
- 3.91%
- 10Y*
- 7.81%
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IIF vs. EAD - Expense Ratio Comparison
IIF has a 0.01% expense ratio, which is lower than EAD's 0.04% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
IIF vs. EAD — Risk / Return Rank
IIF
EAD
IIF vs. EAD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley India Investment Fund (IIF) and Emerging Markets Dividend Fund (EAD). 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.
| IIF | EAD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.54 | 0.31 | -0.84 |
Sortino ratioReturn per unit of downside risk | -0.68 | 0.49 | -1.16 |
Omega ratioGain probability vs. loss probability | 0.92 | 1.09 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | -0.38 | 0.28 | -0.66 |
Martin ratioReturn relative to average drawdown | -1.27 | 1.30 | -2.57 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IIF | EAD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.54 | 0.31 | -0.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.29 | +0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.49 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.34 | +0.03 |
Correlation
The correlation between IIF and EAD is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
IIF vs. EAD - Dividend Comparison
IIF's dividend yield for the trailing twelve months is around 9.65%, less than EAD's 9.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IIF Morgan Stanley India Investment Fund | 9.65% | 7.95% | 10.67% | 14.61% | 19.62% | 3.75% | 0.02% | 0.14% | 30.40% | 15.23% | 4.46% | 0.16% |
EAD Emerging Markets Dividend Fund | 9.91% | 9.47% | 9.08% | 9.07% | 10.97% | 7.59% | 8.51% | 8.44% | 9.11% | 8.58% | 9.62% | 10.95% |
Drawdowns
IIF vs. EAD - Drawdown Comparison
The maximum IIF drawdown since its inception was -62.11%, smaller than the maximum EAD drawdown of -67.37%. Use the drawdown chart below to compare losses from any high point for IIF and EAD.
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Drawdown Indicators
| IIF | EAD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.11% | -67.37% | +5.26% |
Max Drawdown (1Y)Largest decline over 1 year | -24.05% | -11.32% | -12.73% |
Max Drawdown (5Y)Largest decline over 5 years | -24.05% | -29.44% | +5.39% |
Max Drawdown (10Y)Largest decline over 10 years | -59.05% | -41.54% | -17.51% |
Current DrawdownCurrent decline from peak | -21.69% | -4.78% | -16.91% |
Average DrawdownAverage peak-to-trough decline | -19.79% | -7.19% | -12.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.12% | 2.44% | +4.68% |
Volatility
IIF vs. EAD - Volatility Comparison
Morgan Stanley India Investment Fund (IIF) has a higher volatility of 7.10% compared to Emerging Markets Dividend Fund (EAD) at 5.33%. This indicates that IIF's price experiences larger fluctuations and is considered to be riskier than EAD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IIF | EAD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.10% | 5.33% | +1.77% |
Volatility (6M)Calculated over the trailing 6-month period | 11.23% | 7.00% | +4.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.69% | 13.41% | +3.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.67% | 13.55% | +2.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.74% | 16.12% | +3.62% |