APMU vs IIF

Comparison between ACTIVEPASSIVE INTERMEDIATE MUNICIPAL BOND ETF (APMU, ETF) and Morgan Stanley India Investment Fund Inc (IIF, ETF).

APMU vs IIF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	APMU(ETF)	IIF(ETF)
Net Assets	$232M	$232M
Expense Ratio	0.35%	N/A
Max Drawdown	5.20%	85.15%
Sharpe Ratio	0.13	-1.19
5Y Beta	0.01	0.47
5Y Dividends CAGR	N/A	128.74%

Net Assets

APMU

$232M

Winner

IIF

$232M

Expense Ratio

APMU

0.35%

IIF

N/A

Max Drawdown

Winner

APMU

5.20%

IIF

85.15%

Sharpe Ratio

Winner

APMU

0.13

IIF

-1.19

5Y Beta

Winner

APMU

0.01

IIF

0.47

5Y Dividends CAGR

APMU

N/A

IIF

128.74%

APMU vs IIF - Historical Returns

Returns include dividend reinvestment.

Period	APMU	IIF
1 month	+0.94%	+4.19%
3 months	+0.00%	+2.38%
6 months	+0.83%	-9.69%
1 year	+3.98%	-12.79%
5 years(CAGR)	N/A	+8.65%
10 years(CAGR)	N/A	+8.33%
Max(CAGR)	+2.29%	+13.71%

APMU

+0.94%

Winner

IIF

+4.19%

APMU

+0.00%

Winner

IIF

+2.38%

Winner

APMU

+0.83%

IIF

-9.69%

Winner

APMU

+3.98%

IIF

-12.79%

5Y(CAGR)

APMU

N/A

IIF

+8.65%

10Y(CAGR)

APMU

N/A

IIF

+8.33%

Max(CAGR)

APMU

+2.29%

Winner

IIF

+13.71%

APMU vs IIF - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	APMU	IIF
2026	+0.46%	-11.01%
2025	+4.41%	+5.62%
2024	+1.04%	+30.11%
2023	+1.24%	+21.08%
2022	N/A	-10.32%
2021	N/A	+30.04%
2020	N/A	+5.23%
2019	N/A	+0.04%
2018	N/A	-21.78%
2017	N/A	+50.17%
2016	N/A	+8.14%
2015	N/A	-6.26%
2014	N/A	+58.58%
2013	N/A	-7.61%
2012	N/A	+27.71%
2011	N/A	-43.26%
2010	N/A	+22.07%
2009	N/A	+68.48%
2008	N/A	-55.37%
2007	N/A	+77.20%
2006	N/A	+43.07%
2005	N/A	+31.95%
2004	N/A	+16.57%
2003	N/A	+170.13%
2002	N/A	+14.42%
2001	N/A	-11.08%
2000	N/A	-26.41%
1999	N/A	+36.82%

APMU vs IIF Drawdown Comparison

The maximum drawdown for APMU was -4.39%, occurring on Oct 6, 2023. Recovery took 150 trading sessions.

The maximum drawdown for IIF was -66.78%, occurring on Nov 20, 2008. Recovery took 694 trading sessions.

The current APMU drawdown is -1.06%. The current IIF drawdown is -14.98%.

Rank	APMU	IIF
#1	-4.39% May 3, 2023 - Dec 6, 2023	-66.78% Jan 2, 2008 - Oct 4, 2010
#2	-2.46% Feb 28, 2025 - Jun 24, 2025	-59.10% Jan 23, 2018 - Aug 30, 2021
#3	-2.40% Feb 26, 2026 - Mar 24, 2026	-54.90% Feb 8, 2000 - Aug 22, 2003
#4	-1.99% Feb 1, 2024 - Jul 31, 2024	-49.86% Nov 5, 2010 - Nov 18, 2014
#5	-1.68% Oct 2, 2024 - Feb 25, 2025	-36.83% May 10, 2006 - Jul 9, 2007
#6	-0.98% Dec 27, 2023 - Feb 1, 2024	-34.47% Jan 13, 2004 - Dec 21, 2004
#7	-0.87% Nov 11, 2025 - Jan 7, 2026	-28.32% Mar 5, 2015 - Feb 2, 2017
#8	-0.80% Sep 17, 2025 - Nov 11, 2025	-24.17% Jun 27, 2025 - Mar 30, 2026
#9	-0.54% Aug 2, 2024 - Aug 21, 2024	-23.35% Jan 12, 2022 - Dec 6, 2023
#10	-0.26% Aug 23, 2024 - Sep 4, 2024	-21.21% Sep 19, 2005 - Jan 6, 2006
#11	-0.20% Dec 7, 2023 - Dec 13, 2023	-17.77% Mar 4, 2005 - Jun 22, 2005
#12	-0.20% Sep 16, 2024 - Sep 27, 2024	-17.61% Sep 27, 2024 - Jun 11, 2025
#13	-0.20% Jan 15, 2026 - Jan 27, 2026	-15.76% Nov 4, 2003 - Dec 1, 2003
#14	-0.18% Jul 9, 2025 - Jul 29, 2025	-15.75% Jul 23, 2007 - Sep 19, 2007
#15	-0.18% Aug 18, 2025 - Aug 27, 2025	-15.56% Oct 29, 2007 - Dec 5, 2007

Correlation

Correlation between APMU and IIF is 0.75 which considered as a strong positive correlation - the stocks tend to move together.

0.75

-101

Dividend Comparison (2000 - 2026)

APMU vs IIF dividend yield comparison.

Year	APMU	IIF
2026	1.08%	0.00%
2025	2.63%	7.95%
2024	2.42%	10.67%
2023	1.32%	14.61%
2022	0.00%	19.62%
2021	0.00%	3.75%
2020	0.00%	0.02%
2019	0.00%	0.14%
2018	0.00%	30.40%
2017	0.00%	15.23%
2016	0.00%	4.46%
2015	0.00%	0.16%
2011	0.00%	8.41%
2010	0.00%	9.64%
2008	0.00%	152.11%
2007	0.00%	52.30%
2006	0.00%	10.43%
2005	0.00%	10.39%
2004	0.00%	0.30%
2003	0.00%	0.75%
2002	0.00%	0.13%
2001	0.00%	12.29%
2000	0.00%	14.49%