IIF vs PFIX

Comparison between Morgan Stanley India Investment Fund Inc (IIF, ETF) and SIMPLIFY INTEREST RATE HEDGE ETF (PFIX, ETF).

5-Year PerformancePFIX has outperformed IIF, delivering a return of +16.8% compared to +8.7%

IIF vs PFIX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	IIF(ETF)	PFIX(ETF)
Net Assets	$232M	$231M
Expense Ratio	N/A	0.50%
Max Drawdown	85.15%	66.22%
Sharpe Ratio	-1.19	-0.45
5Y Beta	0.47	-0.07
5Y Dividends CAGR	128.74%	N/A

Net Assets

Winner

IIF

$232M

PFIX

$231M

Expense Ratio

IIF

N/A

PFIX

0.50%

Max Drawdown

IIF

85.15%

Winner

PFIX

66.22%

Sharpe Ratio

IIF

-1.19

Winner

PFIX

-0.45

5Y Beta

IIF

0.47

Winner

PFIX

-0.07

5Y Dividends CAGR

IIF

128.74%

PFIX

N/A

IIF vs PFIX - Historical Returns

Returns include dividend reinvestment.

Period	IIF	PFIX
1 month	+4.19%	-9.83%
3 months	+2.38%	-0.17%
6 months	-9.69%	-6.46%
1 year	-12.79%	-16.66%
5 years(CAGR)	+8.65%	+16.78%
10 years(CAGR)	+8.33%	N/A
Max(CAGR)	+13.71%	+14.39%

Winner

IIF

+4.19%

PFIX

-9.83%

Winner

IIF

+2.38%

PFIX

-0.17%

IIF

-9.69%

Winner

PFIX

-6.46%

Winner

IIF

-12.79%

PFIX

-16.66%

5Y(CAGR)

IIF

+8.65%

Winner

PFIX

+16.78%

10Y(CAGR)

IIF

+8.33%

PFIX

N/A

Max(CAGR)

IIF

+13.71%

Winner

PFIX

+14.39%

IIF vs PFIX - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	IIF	PFIX
2026	-11.01%	-6.95%
2025	+5.62%	+0.57%
2024	+30.11%	+34.45%
2023	+21.08%	+12.02%
2022	-10.32%	+84.85%
2021	+30.04%	-24.95%
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 PFIX Drawdown Comparison

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

The maximum drawdown for PFIX was -36.17%, occurring on Dec 15, 2023. Recovery took 374 trading sessions.

The current IIF drawdown is -14.98%. The current PFIX drawdown is -21.25%.

Rank	IIF	PFIX
#1	-66.78% Jan 2, 2008 - Oct 4, 2010	-36.17% Oct 20, 2023 - Apr 21, 2025
#2	-59.10% Jan 23, 2018 - Aug 30, 2021	-32.20% Oct 24, 2022 - Sep 21, 2023
#3	-54.90% Feb 8, 2000 - Aug 22, 2003	-28.20% May 21, 2025 - Feb 27, 2026
#4	-49.86% Nov 5, 2010 - Nov 18, 2014	-26.04% May 12, 2021 - Mar 28, 2022
#5	-36.83% May 10, 2006 - Jul 9, 2007	-25.57% Jun 14, 2022 - Sep 26, 2022
#6	-34.47% Jan 13, 2004 - Dec 21, 2004	-18.75% May 6, 2022 - Jun 14, 2022
#7	-28.32% Mar 5, 2015 - Feb 2, 2017	-10.73% Apr 22, 2025 - May 12, 2025
#8	-24.17% Jun 27, 2025 - Mar 30, 2026	-8.76% Oct 6, 2023 - Oct 19, 2023
#9	-23.35% Jan 12, 2022 - Dec 6, 2023	-6.71% Apr 11, 2022 - May 2, 2022
#10	-21.21% Sep 19, 2005 - Jan 6, 2006	-6.40% Mar 28, 2022 - Apr 7, 2022
#11	-17.77% Mar 4, 2005 - Jun 22, 2005	-4.63% Sep 27, 2022 - Sep 30, 2022
#12	-17.61% Sep 27, 2024 - Jun 11, 2025	-4.24% Sep 30, 2022 - Oct 10, 2022
#13	-15.76% Nov 4, 2003 - Dec 1, 2003	-4.03% May 2, 2022 - May 5, 2022
#14	-15.75% Jul 23, 2007 - Sep 19, 2007	-3.90% May 14, 2025 - May 21, 2025
#15	-15.56% Oct 29, 2007 - Dec 5, 2007	-1.84% Oct 3, 2023 - Oct 6, 2023

Correlation

Correlation between IIF and PFIX is 0.78 which considered as a strong positive correlation - the stocks tend to move together.

0.78

-101

Dividend Comparison (2000 - 2026)

IIF vs PFIX dividend yield comparison.

Year	IIF	PFIX
2026	0.00%	1.10%
2025	7.95%	9.92%
2024	10.67%	3.40%
2023	14.61%	87.92%
2022	19.62%	0.63%
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%