IIF vs FUMB

Comparison between Morgan Stanley India Investment Fund Inc (IIF, ETF) and FIRST TRUST ULTRA SHORT DURATION MUNICIPAL ETF (FUMB, ETF).

5-Year PerformanceIIF has outperformed FUMB, delivering a return of +9.0% compared to +2.0%

IIF vs FUMB - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	IIF(ETF)	FUMB(ETF)
Net Assets	$242M	$243M
Expense Ratio	N/A	0.29%
Max Drawdown	85.15%	2.68%
Sharpe Ratio	-0.83	-1.57
5Y Beta	0.46	-0.00
5Y Dividends CAGR	128.74%	34.36%

Net Assets

IIF

$242M

Winner

FUMB

$243M

Expense Ratio

IIF

N/A

FUMB

0.29%

Max Drawdown

IIF

85.15%

Winner

FUMB

2.68%

Sharpe Ratio

Winner

IIF

-0.83

FUMB

-1.57

5Y Beta

IIF

0.46

Winner

FUMB

-0.00

5Y Dividends CAGR

Winner

IIF

128.74%

FUMB

34.36%

IIF vs FUMB - Historical Returns

Returns include dividend reinvestment.

Period	IIF	FUMB
1 month	+1.69%	+0.12%
3 months	+1.87%	+0.72%
6 months	-3.26%	+1.18%
1 year	-10.22%	+2.44%
5 years(CAGR)	+9.04%	+2.03%
10 years(CAGR)	+8.09%	N/A
Max(CAGR)	+13.74%	+1.79%

Winner

IIF

+1.69%

FUMB

+0.12%

Winner

IIF

+1.87%

FUMB

+0.72%

IIF

-3.26%

Winner

FUMB

+1.18%

IIF

-10.22%

Winner

FUMB

+2.44%

5Y(CAGR)

Winner

IIF

+9.04%

FUMB

+2.03%

10Y(CAGR)

IIF

+8.09%

FUMB

N/A

Max(CAGR)

Winner

IIF

+13.74%

FUMB

+1.79%

IIF vs FUMB - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	IIF	FUMB
2026	-9.18%	+1.37%
2025	+5.62%	+2.89%
2024	+30.11%	+3.00%
2023	+21.08%	+2.97%
2022	-10.32%	+0.17%
2021	+30.04%	+0.33%
2020	+5.23%	+1.30%
2019	+0.04%	+2.01%
2018	-21.78%	+0.30%
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 FUMB Drawdown Comparison

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

The maximum drawdown for FUMB was -2.68%, occurring on Mar 20, 2020. Recovery took 13 trading sessions.

The current IIF drawdown is -13.23%. The current FUMB drawdown is -0.10%.

Rank	IIF	FUMB
#1	-66.78% Jan 2, 2008 - Oct 4, 2010	-2.68% Mar 9, 2020 - Mar 26, 2020
#2	-59.10% Jan 23, 2018 - Aug 30, 2021	-1.25% Aug 5, 2021 - Jan 10, 2023
#3	-54.90% Feb 8, 2000 - Aug 22, 2003	-1.14% Mar 26, 2020 - Jul 30, 2020
#4	-49.86% Nov 5, 2010 - Nov 18, 2014	-0.60% Apr 3, 2025 - May 15, 2025
#5	-36.83% May 10, 2006 - Jul 9, 2007	-0.50% Dec 27, 2023 - Jan 30, 2024
#6	-34.47% Jan 13, 2004 - Dec 21, 2004	-0.48% Aug 19, 2020 - Dec 3, 2020
#7	-28.32% Mar 5, 2015 - Feb 2, 2017	-0.45% Dec 31, 2018 - Feb 25, 2019
#8	-24.17% Jun 27, 2025 - Mar 30, 2026	-0.38% Jan 26, 2023 - Mar 10, 2023
#9	-23.35% Jan 12, 2022 - Dec 6, 2023	-0.35% Nov 5, 2018 - Dec 3, 2018
#10	-21.21% Sep 19, 2005 - Jan 6, 2006	-0.35% Dec 30, 2019 - Feb 3, 2020
#11	-17.77% Mar 4, 2005 - Jun 22, 2005	-0.35% Feb 8, 2021 - Jun 14, 2021
#12	-17.61% Sep 27, 2024 - Jun 11, 2025	-0.30% Aug 14, 2023 - Aug 22, 2023
#13	-15.76% Nov 4, 2003 - Dec 1, 2003	-0.30% Feb 1, 2024 - Feb 22, 2024
#14	-15.75% Jul 23, 2007 - Sep 19, 2007	-0.30% Dec 6, 2018 - Dec 21, 2018
#15	-15.56% Oct 29, 2007 - Dec 5, 2007	-0.30% Jul 30, 2020 - Aug 7, 2020

Correlation

Correlation between IIF and FUMB is 0.91 which considered as a very strong positive correlation - the stocks move almost identically together.

0.91

-101

Dividend Comparison (2000 - 2026)

IIF vs FUMB dividend yield comparison.

Year	IIF	FUMB
2026	0.00%	1.59%
2025	7.95%	2.90%
2024	10.67%	2.86%
2023	14.61%	2.24%
2022	19.62%	1.02%
2021	3.75%	0.43%
2020	0.02%	0.94%
2019	0.14%	1.74%
2018	30.40%	0.15%
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%