IIF vs. GQGPX
IIF (Morgan Stanley India Investment Fund) and GQGPX (GQG Partners Emerging Markets Equity Fund) are both Emerging Markets Equities funds. Over the past 5 years, IIF returned 8.92%/yr vs 4.61%/yr for GQGPX. Their 0.59 correlation means they have sometimes moved together and sometimes differently. IIF charges 0.01%/yr vs 1.22%/yr for GQGPX.
Performance
IIF vs. GQGPX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IIF achieves a -8.13% return, which is significantly lower than GQGPX's 7.51% return.
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%
GQGPX
- 1D
- 1.98%
- 1M
- 3.42%
- 6M
- 2.75%
- YTD
- 7.51%
- 1Y
- 15.94%
- 3Y*
- 10.35%
- 5Y*
- 4.61%
- 10Y*
- —
- ALL TIME*
- 8.63%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $680.67K | $759.12K | $751.79K |
IIF vs. GQGPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
GQGPX GQG Partners Emerging Markets Equity Fund | 7.51% | 9.67% | 6.00% | 28.47% | -21.01% | -2.52% | 33.74% | 20.92% | -14.91% | 29.81% |
Correlation
The correlation between IIF and GQGPX is 0.50, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.50 |
Correlation (3Y) Balances recent behavior with more history. | 0.55 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.58 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.59 |
The correlation between IIF and GQGPX has been stable across timeframes, ranging from 0.50 to 0.59 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IIF vs. GQGPX — Risk / Return Rank
IIF
GQGPX
IIF vs. GQGPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley India Investment Fund (IIF) and GQG Partners Emerging Markets Equity Fund (GQGPX). 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.
| IIF | GQGPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.86 | ||
| Sortino ratioReturn per unit of downside risk | -2.65 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.23 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | 1.62 | -2.04 |
| Martin ratioReturn relative to average drawdown | -0.93 | 4.53 | -5.46 |
Loading charts...
Drawdowns
IIF vs. GQGPX - Drawdown Comparison
The maximum IIF drawdown since its inception was -62.11%, which is greater than GQGPX's maximum drawdown of -33.68%. Use the drawdown chart below to compare losses from any high point for IIF and GQGPX.
Loading charts...
Drawdown Indicators
| IIF | GQGPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.11% | -33.68% | -28.43% |
Max Drawdown (1Y)Largest decline over 1 year | -22.52% | -9.12% | -13.40% |
Max Drawdown (3Y)Largest decline over 3 years | -24.05% | -18.83% | -5.22% |
Max Drawdown (5Y)Largest decline over 5 years | -24.05% | -28.16% | +4.11% |
Max Drawdown (10Y)Largest decline over 10 years | -59.05% | — | — |
Current DrawdownCurrent decline from peak | -12.67% | -3.11% | -9.56% |
Average DrawdownAverage peak-to-trough decline | -19.75% | -11.42% | -8.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.02% | 3.25% | +6.77% |
Volatility
IIF vs. GQGPX - Volatility Comparison
Morgan Stanley India Investment Fund (IIF) has a higher volatility of 4.15% compared to GQG Partners Emerging Markets Equity Fund (GQGPX) at 3.03%. This indicates that IIF's price experiences larger fluctuations and is considered to be riskier than GQGPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IIF | GQGPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.15% | 3.03% | +1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 13.94% | 9.71% | +4.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.16% | 11.51% | +4.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.83% | 14.61% | +1.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.77% | 15.85% | +3.92% |
IIF vs. GQGPX - Expense Ratio Comparison
IIF has a 0.01% expense ratio, which is lower than GQGPX's 1.22% expense ratio.
Dividends
IIF vs. GQGPX - Dividend Comparison
IIF's dividend yield for the trailing twelve months is around 8.65%, more than GQGPX's 1.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GQGPX GQG Partners Emerging Markets Equity Fund | 1.78% | 1.91% | 1.50% | 2.54% | 5.52% | 3.78% | 0.15% | 1.06% | 0.59% | 0.17% | 0.00% | 0.00% |
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
IIF and GQGPX have a correlation of 0.50, 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 GQGPX (3.03%). In terms of maximum drawdown, IIF dropped -62.11% vs GQGPX's -33.68%.
GQGPX currently has the higher Sharpe Ratio (1.28 vs -0.58), 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.
Find the right allocation for IIF and GQGPX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer