IIF vs. GSIYX
IIF (Morgan Stanley India Investment Fund) and GSIYX (Goldman Sachs GQG Partners International Opportunities Fund Class R6) are both mutual funds - IIF is a Emerging Markets Equities fund managed by Morgan Stanley, while GSIYX is a Foreign Large Cap Equities fund tracking the MSCI AC World ex USA Growth (Net). Over the past 5 years, IIF returned 8.92%/yr vs 9.23%/yr for GSIYX. Their 0.51 correlation means they have sometimes moved together and sometimes differently. IIF charges 0.01%/yr vs 0.75%/yr for GSIYX.
Performance
IIF vs. GSIYX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IIF achieves a -8.13% return, which is significantly lower than GSIYX's 8.15% 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%
GSIYX
- 1D
- 0.62%
- 1M
- 2.02%
- 6M
- 4.43%
- YTD
- 8.15%
- 1Y
- 15.65%
- 3Y*
- 15.48%
- 5Y*
- 9.23%
- 10Y*
- —
- ALL TIME*
- 12.79%
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. GSIYX - 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% |
GSIYX Goldman Sachs GQG Partners International Opportunities Fund Class R6 | 8.15% | 20.89% | 9.69% | 22.07% | -10.99% | 12.47% | 15.86% | 27.59% | -6.02% | 29.91% |
Correlation
The correlation between IIF and GSIYX is 0.25, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.25 |
Correlation (3Y) Balances recent behavior with more history. | 0.41 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.51 |
Over the past year, the correlation between IIF and GSIYX has dropped to 0.25 - well below their long-term average of 0.51, suggesting their price drivers have been diverging.
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. GSIYX — Risk / Return Rank
IIF
GSIYX
IIF vs. GSIYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley India Investment Fund (IIF) and Goldman Sachs GQG Partners International Opportunities Fund Class R6 (GSIYX). 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 | GSIYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.18 | ||
| Sortino ratioReturn per unit of downside risk | -2.97 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.29 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | 2.01 | -2.43 |
| Martin ratioReturn relative to average drawdown | -0.93 | 5.51 | -6.44 |
Loading charts...
Drawdowns
IIF vs. GSIYX - Drawdown Comparison
The maximum IIF drawdown since its inception was -62.11%, which is greater than GSIYX's maximum drawdown of -28.79%. Use the drawdown chart below to compare losses from any high point for IIF and GSIYX.
Loading charts...
Drawdown Indicators
| IIF | GSIYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.11% | -28.79% | -33.32% |
Max Drawdown (1Y)Largest decline over 1 year | -22.52% | -7.81% | -14.71% |
Max Drawdown (3Y)Largest decline over 3 years | -24.05% | -10.30% | -13.75% |
Max Drawdown (5Y)Largest decline over 5 years | -24.05% | -25.36% | +1.31% |
Max Drawdown (10Y)Largest decline over 10 years | -59.05% | — | — |
Current DrawdownCurrent decline from peak | -12.67% | -2.17% | -10.50% |
Average DrawdownAverage peak-to-trough decline | -19.75% | -4.80% | -14.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.02% | 2.85% | +7.17% |
Volatility
IIF vs. GSIYX - Volatility Comparison
Morgan Stanley India Investment Fund (IIF) has a higher volatility of 4.15% compared to Goldman Sachs GQG Partners International Opportunities Fund Class R6 (GSIYX) at 2.75%. This indicates that IIF's price experiences larger fluctuations and is considered to be riskier than GSIYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IIF | GSIYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.15% | 2.75% | +1.40% |
Volatility (6M)Calculated over the trailing 6-month period | 13.94% | 8.20% | +5.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.16% | 9.88% | +6.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.83% | 14.27% | +1.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.77% | 15.62% | +4.15% |
IIF vs. GSIYX - Expense Ratio Comparison
IIF has a 0.01% expense ratio, which is lower than GSIYX's 0.75% expense ratio.
Dividends
IIF vs. GSIYX - Dividend Comparison
IIF's dividend yield for the trailing twelve months is around 8.65%, more than GSIYX's 4.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSIYX Goldman Sachs GQG Partners International Opportunities Fund Class R6 | 4.76% | 5.14% | 11.21% | 2.38% | 4.91% | 2.25% | 0.19% | 0.67% | 0.55% | 0.16% | 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 GSIYX have a correlation of 0.25, 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 GSIYX (2.75%). In terms of maximum drawdown, IIF dropped -62.11% vs GSIYX's -28.79%.
GSIYX currently has the higher Sharpe Ratio (1.60 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 GSIYX
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