IIF vs UVXY

Comparison between Morgan Stanley India Investment Fund Inc (IIF, ETF) and ProShares Ultra VIX Short-Term Futures ETF 2x Shares (UVXY, ETF).

5-Year PerformanceIIF has outperformed UVXY, delivering a return of +8.6% compared to -68.0%

IIF vs UVXY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	IIF(ETF)	UVXY(ETF)
Net Assets	$244M	$245M
Max Drawdown	85.15%	100.00%
Sharpe Ratio	-0.69	-0.98
5Y Beta	0.46	0.00
5Y Dividends CAGR	128.74%	N/A

Net Assets

IIF

$244M

Winner

UVXY

$245M

Max Drawdown

Winner

IIF

85.15%

UVXY

100.00%

Sharpe Ratio

Winner

IIF

-0.69

UVXY

-0.98

5Y Beta

IIF

0.46

Winner

UVXY

0.00

5Y Dividends CAGR

IIF

128.74%

UVXY

N/A

IIF vs UVXY - Historical Returns

Returns include dividend reinvestment.

Period	IIF	UVXY
1 month	+4.98%	-24.47%
3 months	+7.39%	-39.67%
6 months	-3.19%	-48.39%
1 year	-8.06%	-68.39%
5 years(CAGR)	+8.59%	-68.04%
10 years(CAGR)	+8.01%	-71.40%
Max(CAGR)	+13.79%	-80.09%

Winner

IIF

+4.98%

UVXY

-24.47%

Winner

IIF

+7.39%

UVXY

-39.67%

Winner

IIF

-3.19%

UVXY

-48.39%

Winner

IIF

-8.06%

UVXY

-68.39%

5Y(CAGR)

Winner

IIF

+8.59%

UVXY

-68.04%

10Y(CAGR)

Winner

IIF

+8.01%

UVXY

-71.40%

Max(CAGR)

Winner

IIF

+13.79%

UVXY

-80.09%

IIF vs UVXY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	IIF	UVXY
2026	-6.96%	-45.81%
2025	+5.62%	-66.42%
2024	+30.11%	-50.84%
2023	+21.08%	-87.57%
2022	-10.32%	-41.91%
2021	+30.04%	-89.67%
2020	+5.23%	-12.20%
2019	+0.04%	-83.46%
2018	-21.78%	+72.97%
2017	+50.17%	-93.19%
2016	+8.14%	-94.52%
2015	-6.26%	-76.69%
2014	+58.58%	-63.95%
2013	-7.61%	-89.56%
2012	+27.71%	-96.82%
2011	-43.26%	-64.54%
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 UVXY Drawdown Comparison

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

The maximum drawdown for UVXY was -100.00%, occurring on Aug 25, 2026. This drawdown has not yet recovered.

The current IIF drawdown is -11.10%. The current UVXY drawdown is -100.00%.

Rank	IIF	UVXY
#1	-66.78% Jan 2, 2008 - Oct 4, 2010	-100.00% Oct 4, 2011 - Aug 25, 2026
#2	-59.10% Jan 23, 2018 - Aug 30, 2021	N/A
#3	-54.90% Feb 8, 2000 - Aug 22, 2003	N/A
#4	-49.86% Nov 5, 2010 - Nov 18, 2014	N/A
#5	-36.83% May 10, 2006 - Jul 9, 2007	N/A
#6	-34.47% Jan 13, 2004 - Dec 21, 2004	N/A
#7	-28.32% Mar 5, 2015 - Feb 2, 2017	N/A
#8	-24.17% Jun 27, 2025 - Mar 30, 2026	N/A
#9	-23.35% Jan 12, 2022 - Dec 6, 2023	N/A
#10	-21.21% Sep 19, 2005 - Jan 6, 2006	N/A
#11	-17.77% Mar 4, 2005 - Jun 22, 2005	N/A
#12	-17.61% Sep 27, 2024 - Jun 11, 2025	N/A
#13	-15.76% Nov 4, 2003 - Dec 1, 2003	N/A
#14	-15.75% Jul 23, 2007 - Sep 19, 2007	N/A
#15	-15.56% Oct 29, 2007 - Dec 5, 2007	N/A