IIF vs UEVM

Comparison between Morgan Stanley India Investment Fund Inc (IIF, ETF) and VICTORYSHARES EMERGING MARKETS VALUE MOMENTUM ETF FORMERLY VICTORYSHARES USAA MSCI EMERGING MARKETS VALUE MOMENTUM ETF (UEVM, ETF).

5-Year PerformanceIIF has outperformed UEVM, delivering a return of +9.0% compared to +7.9%

IIF vs UEVM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	IIF(ETF)	UEVM(ETF)
Net Assets	$242M	$243M
Expense Ratio	N/A	0.45%
Max Drawdown	85.15%	48.15%
Sharpe Ratio	-0.83	0.74
5Y Beta	0.46	0.64
5Y Dividends CAGR	128.74%	7.79%

Net Assets

IIF

$242M

Winner

UEVM

$243M

Expense Ratio

IIF

N/A

UEVM

0.45%

Max Drawdown

IIF

85.15%

Winner

UEVM

48.15%

Sharpe Ratio

IIF

-0.83

Winner

UEVM

0.74

5Y Beta

Winner

IIF

0.46

UEVM

0.64

5Y Dividends CAGR

Winner

IIF

128.74%

UEVM

7.79%

IIF vs UEVM - Historical Returns

Returns include dividend reinvestment.

Period	IIF	UEVM
1 month	+1.69%	-1.77%
3 months	+1.87%	-2.40%
6 months	-3.26%	+0.76%
1 year	-10.22%	+14.12%
5 years(CAGR)	+9.04%	+7.91%
10 years(CAGR)	+8.09%	+5.62%
Max(CAGR)	+13.74%	+5.62%

Winner

IIF

+1.69%

UEVM

-1.77%

Winner

IIF

+1.87%

UEVM

-2.40%

IIF

-3.26%

Winner

UEVM

+0.76%

IIF

-10.22%

Winner

UEVM

+14.12%

5Y(CAGR)

Winner

IIF

+9.04%

UEVM

+7.91%

10Y(CAGR)

Winner

IIF

+8.09%

UEVM

+5.62%

Max(CAGR)

Winner

IIF

+13.74%

UEVM

+5.62%

IIF vs UEVM - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	IIF	UEVM
2026	-9.18%	+4.65%
2025	+5.62%	+23.26%
2024	+30.11%	+13.51%
2023	+21.08%	+16.70%
2022	-10.32%	-15.43%
2021	+30.04%	+10.53%
2020	+5.23%	+2.29%
2019	+0.04%	+10.92%
2018	-21.78%	-18.59%
2017	+50.17%	+3.69%
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 UEVM Drawdown Comparison

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

The maximum drawdown for UEVM was -45.45%, occurring on Mar 19, 2020. Recovery took 841 trading sessions.

The current IIF drawdown is -13.23%. The current UEVM drawdown is -4.37%.

Rank	IIF	UEVM
#1	-66.78% Jan 2, 2008 - Oct 4, 2010	-45.45% Jan 26, 2018 - Jun 1, 2021
#2	-59.10% Jan 23, 2018 - Aug 30, 2021	-26.98% Jun 4, 2021 - Apr 8, 2024
#3	-54.90% Feb 8, 2000 - Aug 22, 2003	-18.87% Oct 7, 2024 - Jun 9, 2025
#4	-49.86% Nov 5, 2010 - Nov 18, 2014	-9.79% Feb 25, 2026 - May 6, 2026
#5	-36.83% May 10, 2006 - Jul 9, 2007	-8.72% Jul 16, 2024 - Sep 24, 2024
#6	-34.47% Jan 13, 2004 - Dec 21, 2004	-6.66% May 6, 2026 - Jul 1, 2026
#7	-28.32% Mar 5, 2015 - Feb 2, 2017	-4.91% Sep 17, 2025 - Oct 24, 2025
#8	-24.17% Jun 27, 2025 - Mar 30, 2026	-3.99% Nov 12, 2025 - Jan 5, 2026
#9	-23.35% Jan 12, 2022 - Dec 6, 2023	-3.86% May 17, 2024 - Jul 5, 2024
#10	-21.21% Sep 19, 2005 - Jan 6, 2006	-3.78% Apr 9, 2024 - Apr 29, 2024
#11	-17.77% Mar 4, 2005 - Jun 22, 2005	-3.57% Nov 22, 2017 - Dec 22, 2017
#12	-17.61% Sep 27, 2024 - Jun 11, 2025	-3.17% Jan 28, 2026 - Feb 11, 2026
#13	-15.76% Nov 4, 2003 - Dec 1, 2003	-2.93% Jul 23, 2025 - Aug 8, 2025
#14	-15.75% Jul 23, 2007 - Sep 19, 2007	-2.93% Jun 12, 2025 - Jun 24, 2025
#15	-15.56% Oct 29, 2007 - Dec 5, 2007	-2.52% Oct 29, 2025 - Nov 10, 2025

Correlation

Correlation between IIF and UEVM is 0.89 which considered as a strong positive correlation - the stocks tend to move together.

0.89

-101

Dividend Comparison (2000 - 2026)

IIF vs UEVM dividend yield comparison.

Year	IIF	UEVM
2026	0.00%	0.89%
2025	7.95%	4.02%
2024	10.67%	5.65%
2023	14.61%	4.71%
2022	19.62%	3.46%
2021	3.75%	4.49%
2020	0.02%	2.19%
2019	0.14%	2.79%
2018	30.40%	2.34%
2017	15.23%	0.79%
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%