IIF vs EFNL

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

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

IIF vs EFNL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

Winner

IIF

$244M

EFNL

$244M

Expense Ratio

IIF

N/A

EFNL

0.53%

Max Drawdown

IIF

85.15%

Winner

EFNL

43.43%

Sharpe Ratio

IIF

-0.69

Winner

EFNL

1.32

5Y Beta

Winner

IIF

0.46

EFNL

0.64

5Y Dividends CAGR

Winner

IIF

128.74%

EFNL

-1.89%

IIF vs EFNL - Historical Returns

Returns include dividend reinvestment.

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

IIF

+4.98%

Winner

EFNL

+8.94%

Winner

IIF

+7.39%

EFNL

-4.05%

IIF

-3.19%

Winner

EFNL

+8.34%

IIF

-8.06%

Winner

EFNL

+33.13%

5Y(CAGR)

Winner

IIF

+8.59%

EFNL

+5.45%

10Y(CAGR)

IIF

+8.01%

Winner

EFNL

+9.13%

Max(CAGR)

Winner

IIF

+13.79%

EFNL

+9.04%

IIF vs EFNL - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	IIF	EFNL
2026	-6.96%	+14.99%
2025	+5.62%	+52.85%
2024	+30.11%	-4.66%
2023	+21.08%	+0.02%
2022	-10.32%	-17.60%
2021	+30.04%	+9.13%
2020	+5.23%	+19.43%
2019	+0.04%	+14.09%
2018	-21.78%	-7.71%
2017	+50.17%	+23.26%
2016	+8.14%	+3.96%
2015	-6.26%	+2.40%
2014	+58.58%	-2.76%
2013	-7.61%	+35.12%
2012	+27.71%	+3.81%
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 EFNL Drawdown Comparison

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

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

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

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

Correlation

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

0.84

-101

Dividend Comparison (2000 - 2026)

IIF vs EFNL dividend yield comparison.

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