IIF vs APMU

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

IIF vs APMU - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

Winner

IIF

$232M

APMU

$232M

Expense Ratio

IIF

N/A

APMU

0.35%

Max Drawdown

IIF

85.15%

Winner

APMU

5.20%

Sharpe Ratio

IIF

-1.19

Winner

APMU

0.13

5Y Beta

IIF

0.47

Winner

APMU

0.01

5Y Dividends CAGR

IIF

128.74%

APMU

N/A

IIF vs APMU - Historical Returns

Returns include dividend reinvestment.

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

Winner

IIF

+4.19%

APMU

+0.94%

Winner

IIF

+2.38%

APMU

+0.00%

IIF

-9.69%

Winner

APMU

+0.83%

IIF

-12.79%

Winner

APMU

+3.98%

5Y(CAGR)

IIF

+8.65%

APMU

N/A

10Y(CAGR)

IIF

+8.33%

APMU

N/A

Max(CAGR)

Winner

IIF

+13.71%

APMU

+2.29%

IIF vs APMU - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

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

IIF vs APMU Drawdown Comparison

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

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

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

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

Correlation

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

0.75

-101

Dividend Comparison (2000 - 2026)

IIF vs APMU dividend yield comparison.

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