IFN vs GVIP

Comparison between India Fund Inc (IFN, ETF) and GOLDMAN SACHS HEDGE INDUSTRY VIP ETF (GVIP, ETF).

5-Year PerformanceGVIP has outperformed IFN, delivering a return of +11.0% compared to +1.2%

IFN vs GVIP - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	IFN(ETF)	GVIP(ETF)
Net Assets	$551M	$552M
Expense Ratio	N/A	0.45%
Max Drawdown	84.81%	37.10%
Sharpe Ratio	-1.02	0.85
5Y Beta	0.49	1.24
P/E Ratio	N/A	79.78
Forward P/E	N/A	25.95
PEG Ratio	N/A	1.14
5Y Dividends CAGR	-0.04%	48.90%
5Y EPS CAGR	N/A	22.95%
P/S Ratio	N/A	4.16
P/B Ratio	N/A	6.86

Net Assets

IFN

$551M

Winner

GVIP

$552M

Expense Ratio

IFN

N/A

GVIP

0.45%

Max Drawdown

IFN

84.81%

Winner

GVIP

37.10%

Sharpe Ratio

IFN

-1.02

Winner

GVIP

0.85

5Y Beta

Winner

IFN

0.49

GVIP

1.24

P/E Ratio

IFN

N/A

GVIP

79.78

Forward P/E

IFN

N/A

GVIP

25.95

PEG Ratio

IFN

N/A

GVIP

1.14

5Y Dividends CAGR

IFN

-0.04%

Winner

GVIP

48.90%

5Y EPS CAGR

IFN

N/A

GVIP

22.95%

P/S Ratio

IFN

N/A

GVIP

4.16

P/B Ratio

IFN

N/A

GVIP

6.86

IFN vs GVIP - Historical Returns

Returns include dividend reinvestment.

Period	IFN	GVIP
1 month	+3.15%	+0.43%
3 months	+4.61%	-1.56%
6 months	-8.94%	+9.04%
1 year	-12.34%	+21.38%
5 years(CAGR)	+1.22%	+11.05%
10 years(CAGR)	+6.48%	+16.66%
Max(CAGR)	+10.08%	+16.66%

Winner

IFN

+3.15%

GVIP

+0.43%

Winner

IFN

+4.61%

GVIP

-1.56%

IFN

-8.94%

Winner

GVIP

+9.04%

IFN

-12.34%

Winner

GVIP

+21.38%

5Y(CAGR)

IFN

+1.22%

Winner

GVIP

+11.05%

10Y(CAGR)

IFN

+6.48%

Winner

GVIP

+16.66%

Max(CAGR)

IFN

+10.08%

Winner

GVIP

+16.66%

IFN vs GVIP - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	IFN	GVIP
2026	-10.28%	+9.81%
2025	-1.32%	+24.18%
2024	-2.20%	+31.42%
2023	+32.46%	+40.11%
2022	-17.34%	-32.35%
2021	+22.42%	+13.57%
2020	+11.04%	+42.47%
2019	+11.21%	+29.65%
2018	-5.34%	-8.03%
2017	+39.00%	+24.67%
2016	+3.59%	+7.97%
2015	-6.72%	N/A
2014	+41.45%	N/A
2013	-2.50%	N/A
2012	+18.26%	N/A
2011	-43.26%	N/A
2010	+25.52%	N/A
2009	+59.56%	N/A
2008	-60.29%	N/A
2007	+60.19%	N/A
2006	+23.68%	N/A
2005	+45.06%	N/A
2004	+19.71%	N/A
2003	+136.57%	N/A
2002	+10.29%	N/A
2001	-21.06%	N/A
2000	-32.29%	N/A
1999	+40.99%	N/A

IFN vs GVIP Drawdown Comparison

The maximum drawdown for IFN was -71.83%, occurring on Mar 9, 2009. Recovery took 2351 trading sessions.

The maximum drawdown for GVIP was -37.09%, occurring on Oct 14, 2022. Recovery took 573 trading sessions.

The current IFN drawdown is -23.12%. The current GVIP drawdown is -10.54%.

Rank	IFN	GVIP
#1	-71.83% Jan 14, 2008 - May 16, 2017	-37.09% Nov 16, 2021 - Feb 29, 2024
#2	-65.52% Mar 6, 2000 - Dec 12, 2003	-36.63% Feb 19, 2020 - Jul 20, 2020
#3	-41.96% May 10, 2006 - Oct 15, 2007	-23.29% Feb 14, 2025 - Jun 26, 2025
#4	-41.41% Jan 17, 2020 - Dec 1, 2020	-21.47% Sep 20, 2018 - Apr 10, 2019
#5	-32.89% Apr 5, 2004 - Dec 13, 2004	-16.36% Jun 22, 2026 - Jul 29, 2026
#6	-31.53% Mar 8, 2024 - Mar 30, 2026	-13.67% Feb 2, 2026 - Apr 14, 2026
#7	-24.71% Jan 13, 2022 - Sep 11, 2023	-10.25% Jul 16, 2024 - Aug 19, 2024
#8	-23.21% Jan 23, 2018 - Jan 13, 2020	-9.91% Apr 30, 2019 - Jul 26, 2019
#9	-19.93% Jan 3, 2005 - Jun 29, 2005	-9.66% Jan 26, 2018 - Mar 12, 2018
#10	-18.00% Sep 20, 2005 - Dec 22, 2005	-9.55% Jul 26, 2019 - Nov 18, 2019
#11	-17.60% Jan 14, 2004 - Apr 5, 2004	-9.08% Mar 12, 2018 - Jun 18, 2018
#12	-17.14% Oct 31, 2007 - Dec 6, 2007	-8.76% Sep 2, 2020 - Oct 13, 2020
#13	-12.67% Oct 15, 2007 - Oct 29, 2007	-7.59% Oct 13, 2020 - Nov 5, 2020
#14	-10.93% Sep 25, 2023 - Nov 17, 2023	-7.24% Oct 29, 2025 - Dec 10, 2025
#15	-10.70% Mar 3, 2006 - Apr 10, 2006	-7.10% Feb 16, 2021 - Apr 9, 2021

Correlation

Correlation between IFN and GVIP is 0.81 which considered as a strong positive correlation - the stocks tend to move together.

0.81

-101

Dividend Comparison (2001 - 2026)

IFN vs GVIP dividend yield comparison.

Year	IFN	GVIP
2026	10.60%	0.00%
2025	16.09%	0.34%
2024	14.60%	0.29%
2023	8.97%	0.77%
2022	21.47%	0.02%
2021	15.21%	0.00%
2020	9.77%	0.12%
2019	11.57%	0.77%
2018	22.25%	0.44%
2017	12.11%	0.45%
2016	7.97%	0.08%
2015	8.02%	0.00%
2014	7.22%	0.00%
2013	4.76%	0.00%
2012	11.34%	0.00%
2011	6.09%	0.00%
2010	11.02%	0.00%
2008	38.91%	0.00%
2007	15.44%	0.00%
2006	11.15%	0.00%
2005	11.23%	0.00%
2004	5.13%	0.00%
2003	0.52%	0.00%
2002	0.80%	0.00%
2001	0.74%	0.00%