IIF vs. MUIIX
IIF (Morgan Stanley India Investment Fund) and MUIIX (Morgan Stanley Institutional Fund Trust Ultra-Short Income Portfolio) are both mutual funds - IIF is a Emerging Markets Equities fund managed by Morgan Stanley, while MUIIX is a Ultrashort Bond fund managed by Morgan Stanley. Over the past 5 years, IIF returned 8.92%/yr vs 3.29%/yr for MUIIX. Their 0.01 correlation means their historical movements had little consistent relationship. IIF charges 0.01%/yr vs 0.35%/yr for MUIIX.
Performance
IIF vs. MUIIX - Performance Comparison
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Returns By Period
In the year-to-date period, IIF achieves a -8.13% return, which is significantly lower than MUIIX's 1.78% 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%
MUIIX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 1.45%
- YTD
- 1.78%
- 1Y
- 3.58%
- 3Y*
- 4.24%
- 5Y*
- 3.29%
- 10Y*
- —
- ALL TIME*
- 2.69%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $680.67K | $759.12K | $751.79K | |
| $0.00 | $0.00 | $0.00 |
IIF vs. MUIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IIF Morgan Stanley India Investment Fund | -8.13% | 6.71% | 29.65% | 21.43% | -9.55% | 30.87% | 72.19% |
MUIIX Morgan Stanley Institutional Fund Trust Ultra-Short Income Portfolio | 1.78% | 4.47% | 4.94% | 4.17% | 1.10% | 0.10% | 0.49% |
Correlation
The correlation between IIF and MUIIX is 0.11, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.11 |
Correlation (3Y) Balances recent behavior with more history. | 0.02 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.03 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2020 | 0.01 |
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Return for Risk
IIF vs. MUIIX — Risk / Return Rank
IIF
MUIIX
IIF vs. MUIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley India Investment Fund (IIF) and Morgan Stanley Institutional Fund Trust Ultra-Short Income Portfolio (MUIIX). 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 | MUIIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.06 | ||
| Sortino ratioReturn per unit of downside risk | -18.64 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 8.98 | -8.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | 40.79 | -41.21 |
| Martin ratioReturn relative to average drawdown | -0.93 | 144.51 | -145.44 |
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Drawdowns
IIF vs. MUIIX - Drawdown Comparison
The maximum IIF drawdown since its inception was -62.11%, which is greater than MUIIX's maximum drawdown of -1.20%. Use the drawdown chart below to compare losses from any high point for IIF and MUIIX.
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Drawdown Indicators
| IIF | MUIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.11% | -1.20% | -60.91% |
Max Drawdown (1Y)Largest decline over 1 year | -22.52% | -0.10% | -22.42% |
Max Drawdown (3Y)Largest decline over 3 years | -24.05% | -1.20% | -22.85% |
Max Drawdown (5Y)Largest decline over 5 years | -24.05% | -1.20% | -22.85% |
Max Drawdown (10Y)Largest decline over 10 years | -59.05% | — | — |
Current DrawdownCurrent decline from peak | -12.67% | 0.00% | -12.67% |
Average DrawdownAverage peak-to-trough decline | -19.75% | -0.06% | -19.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.02% | 0.03% | +9.99% |
Volatility
IIF vs. MUIIX - Volatility Comparison
Morgan Stanley India Investment Fund (IIF) has a higher volatility of 4.15% compared to Morgan Stanley Institutional Fund Trust Ultra-Short Income Portfolio (MUIIX) at 0.00%. This indicates that IIF's price experiences larger fluctuations and is considered to be riskier than MUIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IIF | MUIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.15% | 0.00% | +4.15% |
Volatility (6M)Calculated over the trailing 6-month period | 13.94% | 0.81% | +13.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.16% | 1.17% | +14.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.83% | 1.60% | +14.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.77% | 1.43% | +18.34% |
IIF vs. MUIIX - Expense Ratio Comparison
IIF has a 0.01% expense ratio, which is lower than MUIIX's 0.35% expense ratio.
Dividends
IIF vs. MUIIX - Dividend Comparison
IIF's dividend yield for the trailing twelve months is around 8.65%, more than MUIIX's 3.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
MUIIX Morgan Stanley Institutional Fund Trust Ultra-Short Income Portfolio | 3.61% | 4.36% | 4.81% | 3.88% | 1.20% | 0.10% | 0.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IIF and MUIIX have a correlation of 0.11, 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 MUIIX (0.00%). In terms of maximum drawdown, IIF dropped -62.11% vs MUIIX's -1.20%.
MUIIX currently has the higher Sharpe Ratio (3.48 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.
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