IIF vs BNOV

Comparison between Morgan Stanley India Investment Fund Inc (IIF, ETF) and Innovator U.S. Equity Buffer ETF - November (BNOV, ETF).

5-Year PerformanceBNOV has outperformed IIF, delivering a return of +8.4% compared to +7.2%

IIF vs BNOV - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	IIF(ETF)	BNOV(ETF)
Net Assets	$233M	$233M
Expense Ratio	N/A	0.79%
Max Drawdown	85.15%	24.66%
Sharpe Ratio	-1.21	1.56
5Y Beta	0.47	0.62
5Y Dividends CAGR	128.74%	N/A

Net Assets

Winner

IIF

$233M

BNOV

$233M

Expense Ratio

IIF

N/A

BNOV

0.79%

Max Drawdown

IIF

85.15%

Winner

BNOV

24.66%

Sharpe Ratio

IIF

-1.21

Winner

BNOV

1.56

5Y Beta

Winner

IIF

0.47

BNOV

0.62

5Y Dividends CAGR

IIF

128.74%

BNOV

N/A

IIF vs BNOV - Historical Returns

Returns include dividend reinvestment.

Period	IIF	BNOV
1 month	-3.91%	+1.54%
3 months	-8.02%	+6.49%
6 months	-14.63%	+6.49%
1 year	-15.33%	+18.52%
5 years(CAGR)	+7.18%	+8.41%
10 years(CAGR)	+7.68%	N/A
Max(CAGR)	+13.48%	+9.69%

IIF

-3.91%

Winner

BNOV

+1.54%

IIF

-8.02%

Winner

BNOV

+6.49%

IIF

-14.63%

Winner

BNOV

+6.49%

IIF

-15.33%

Winner

BNOV

+18.52%

5Y(CAGR)

IIF

+7.18%

Winner

BNOV

+8.41%

10Y(CAGR)

IIF

+7.68%

BNOV

N/A

Max(CAGR)

Winner

IIF

+13.48%

BNOV

+9.69%

IIF vs BNOV - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	IIF	BNOV
2026	-16.06%	+6.37%
2025	+5.62%	+13.39%
2024	+30.11%	+12.80%
2023	+21.08%	+17.54%
2022	-10.32%	-9.92%
2021	+30.04%	+11.59%
2020	+5.23%	+11.32%
2019	+0.04%	+3.70%
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 BNOV Drawdown Comparison

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

The maximum drawdown for BNOV was -24.66%, occurring on Mar 23, 2020. Recovery took 117 trading sessions.

The current IIF drawdown is -19.80%. The current BNOV drawdown is -1.59%.

Rank	IIF	BNOV
#1	-66.78% Jan 2, 2008 - Oct 4, 2010	-24.66% Feb 19, 2020 - Aug 5, 2020
#2	-59.10% Jan 23, 2018 - Aug 30, 2021	-16.27% Jan 4, 2022 - Jun 12, 2023
#3	-54.90% Feb 8, 2000 - Aug 22, 2003	-13.70% Feb 19, 2025 - Jun 24, 2025
#4	-49.86% Nov 5, 2010 - Nov 18, 2014	-10.13% Jul 28, 2023 - Dec 27, 2023
#5	-36.83% May 10, 2006 - Jul 9, 2007	-6.57% Jan 27, 2026 - Apr 14, 2026
#6	-34.47% Jan 13, 2004 - Dec 21, 2004	-4.78% Oct 12, 2020 - Nov 9, 2020
#7	-28.32% Mar 5, 2015 - Feb 2, 2017	-4.14% Sep 2, 2020 - Oct 8, 2020
#8	-24.17% Jun 27, 2025 - Mar 30, 2026	-3.77% Nov 3, 2025 - Dec 23, 2025
#9	-23.35% Jan 12, 2022 - Dec 6, 2023	-2.88% Nov 5, 2021 - Dec 8, 2021
#10	-21.21% Sep 19, 2005 - Jan 6, 2006	-2.50% Jul 16, 2024 - Aug 14, 2024
#11	-17.77% Mar 4, 2005 - Jun 22, 2005	-2.42% Dec 6, 2024 - Jan 21, 2025
#12	-17.61% Sep 27, 2024 - Jun 11, 2025	-2.12% Jan 20, 2021 - Feb 5, 2021
#13	-15.76% Nov 4, 2003 - Dec 1, 2003	-1.89% Feb 24, 2021 - Mar 9, 2021
#14	-15.75% Jul 23, 2007 - Sep 19, 2007	-1.86% Jun 15, 2023 - Jun 30, 2023
#15	-15.56% Oct 29, 2007 - Dec 5, 2007	-1.81% Dec 10, 2021 - Dec 23, 2021