EFNL vs IIF

Comparison between ISHARES MSCI FINLAND ETF (EFNL, ETF) and Morgan Stanley India Investment Fund Inc (IIF, ETF).

5-Year PerformanceIIF has outperformed EFNL, delivering a return of +8.6% compared to +5.5%

EFNL vs IIF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	EFNL(ETF)	IIF(ETF)
Net Assets	$244M	$244M
Expense Ratio	0.53%	N/A
Max Drawdown	43.43%	85.15%
Sharpe Ratio	1.32	-0.69
5Y Beta	0.64	0.46
5Y Dividends CAGR	-1.89%	128.74%

Net Assets

EFNL

$244M

Winner

IIF

$244M

Expense Ratio

EFNL

0.53%

IIF

N/A

Max Drawdown

Winner

EFNL

43.43%

IIF

85.15%

Sharpe Ratio

Winner

EFNL

1.32

IIF

-0.69

5Y Beta

EFNL

0.64

Winner

IIF

0.46

5Y Dividends CAGR

EFNL

-1.89%

Winner

IIF

128.74%

EFNL vs IIF - Historical Returns

Returns include dividend reinvestment.

Period	EFNL	IIF
1 month	+8.94%	+4.98%
3 months	-4.05%	+7.39%
6 months	+8.34%	-3.19%
1 year	+33.13%	-8.06%
5 years(CAGR)	+5.45%	+8.59%
10 years(CAGR)	+9.13%	+8.01%
Max(CAGR)	+9.04%	+13.79%

Winner

EFNL

+8.94%

IIF

+4.98%

EFNL

-4.05%

Winner

IIF

+7.39%

Winner

EFNL

+8.34%

IIF

-3.19%

Winner

EFNL

+33.13%

IIF

-8.06%

5Y(CAGR)

EFNL

+5.45%

Winner

IIF

+8.59%

10Y(CAGR)

Winner

EFNL

+9.13%

IIF

+8.01%

Max(CAGR)

EFNL

+9.04%

Winner

IIF

+13.79%

EFNL vs IIF - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	EFNL	IIF
2026	+14.99%	-6.96%
2025	+52.85%	+5.62%
2024	-4.66%	+30.11%
2023	+0.02%	+21.08%
2022	-17.60%	-10.32%
2021	+9.13%	+30.04%
2020	+19.43%	+5.23%
2019	+14.09%	+0.04%
2018	-7.71%	-21.78%
2017	+23.26%	+50.17%
2016	+3.96%	+8.14%
2015	+2.40%	-6.26%
2014	-2.76%	+58.58%
2013	+35.12%	-7.61%
2012	+3.81%	+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%

EFNL vs IIF Drawdown Comparison

The maximum drawdown for EFNL was -38.61%, occurring on Sep 27, 2022. Recovery took 1038 trading sessions.

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

The current EFNL drawdown is -4.27%. The current IIF drawdown is -11.10%.

Rank	EFNL	IIF
#1	-38.61% Sep 3, 2021 - Oct 23, 2025	-66.78% Jan 2, 2008 - Oct 4, 2010
#2	-38.04% May 21, 2018 - Aug 5, 2020	-59.10% Jan 23, 2018 - Aug 30, 2021
#3	-29.03% Feb 24, 2012 - Jan 10, 2013	-54.90% Feb 8, 2000 - Aug 22, 2003
#4	-19.14% Jun 6, 2014 - Mar 16, 2017	-49.86% Nov 5, 2010 - Nov 18, 2014
#5	-12.17% Jun 4, 2026 - Jul 29, 2026	-36.83% May 10, 2006 - Jul 9, 2007
#6	-11.92% Feb 15, 2013 - Aug 9, 2013	-34.47% Jan 13, 2004 - Dec 21, 2004
#7	-10.02% Oct 12, 2020 - Nov 17, 2020	-28.32% Mar 5, 2015 - Feb 2, 2017
#8	-9.27% Jan 16, 2014 - Feb 21, 2014	-24.17% Jun 27, 2025 - Mar 30, 2026
#9	-7.93% Jan 27, 2021 - Apr 16, 2021	-23.35% Jan 12, 2022 - Dec 6, 2023
#10	-7.92% Feb 25, 2026 - Apr 8, 2026	-21.21% Sep 19, 2005 - Jan 6, 2006
#11	-7.23% Oct 24, 2017 - Jan 16, 2018	-17.77% Mar 4, 2005 - Jun 22, 2005
#12	-6.95% Feb 1, 2018 - Feb 26, 2018	-17.61% Sep 27, 2024 - Jun 11, 2025
#13	-6.61% Oct 28, 2025 - Dec 10, 2025	-15.76% Nov 4, 2003 - Dec 1, 2003
#14	-6.31% Mar 6, 2014 - Apr 9, 2014	-15.75% Jul 23, 2007 - Sep 19, 2007
#15	-5.07% Sep 18, 2020 - Oct 9, 2020	-15.56% Oct 29, 2007 - Dec 5, 2007

Correlation

Correlation between EFNL and IIF is 0.84 which considered as a strong positive correlation - the stocks tend to move together.

0.84

-101

Dividend Comparison (2000 - 2026)

EFNL vs IIF dividend yield comparison.

Year	EFNL	IIF
2026	0.52%	0.00%
2025	3.40%	7.95%
2024	5.05%	10.67%
2023	4.31%	14.61%
2022	5.94%	19.62%
2021	2.29%	3.75%
2020	2.94%	0.02%
2019	5.70%	0.14%
2018	3.83%	30.40%
2017	3.30%	15.23%
2016	2.40%	4.46%
2015	1.57%	0.16%
2014	3.54%	0.00%
2013	2.47%	0.00%
2012	4.13%	0.00%
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%