MSSS vs IAF

Comparison between MONARCH SELECT SUBSECTOR INDEX ETF (MSSS, ETF) and abrdn Australia Equity Fund Inc (IAF, ETF).

MSSS vs IAF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MSSS(ETF)	IAF(ETF)
Net Assets	$135M	$135M
Expense Ratio	1.43%	N/A
Max Drawdown	19.35%	83.73%
Sharpe Ratio	1.24	0.02
5Y Beta	0.82	0.74
5Y Dividends CAGR	N/A	1.98%

Net Assets

MSSS

$135M

IAF

$135M

Expense Ratio

MSSS

1.43%

IAF

N/A

Max Drawdown

Winner

MSSS

19.35%

IAF

83.73%

Sharpe Ratio

Winner

MSSS

1.24

IAF

0.02

5Y Beta

MSSS

0.82

Winner

IAF

0.74

5Y Dividends CAGR

MSSS

N/A

IAF

1.98%

MSSS vs IAF - Historical Returns

Returns include dividend reinvestment.

Period	MSSS	IAF
1 month	+4.41%	-1.29%
3 months	+14.04%	+0.34%
6 months	+14.37%	+2.19%
1 year	+21.47%	+2.28%
5 years(CAGR)	N/A	+1.51%
10 years(CAGR)	N/A	+8.24%
Max(CAGR)	+15.60%	+8.00%

Winner

MSSS

+4.41%

IAF

-1.29%

Winner

MSSS

+14.04%

IAF

+0.34%

Winner

MSSS

+14.37%

IAF

+2.19%

Winner

MSSS

+21.47%

IAF

+2.28%

5Y(CAGR)

MSSS

N/A

IAF

+1.51%

10Y(CAGR)

MSSS

N/A

IAF

+8.24%

Max(CAGR)

Winner

MSSS

+15.60%

IAF

+8.00%

MSSS vs IAF - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	MSSS	IAF
2026	+14.79%	+1.09%
2025	+10.07%	+14.07%
2024	+9.26%	+8.06%
2023	N/A	+11.95%
2022	N/A	-19.23%
2021	N/A	+26.30%
2020	N/A	+11.14%
2019	N/A	+27.76%
2018	N/A	-16.70%
2017	N/A	+28.33%
2016	N/A	+14.33%
2015	N/A	-9.42%
2014	N/A	-9.81%
2013	N/A	-12.07%
2012	N/A	+23.34%
2011	N/A	-15.81%
2010	N/A	+4.62%
2009	N/A	+72.62%
2008	N/A	-53.84%
2007	N/A	+40.72%
2006	N/A	+21.65%
2005	N/A	+27.45%
2004	N/A	+41.09%
2003	N/A	+57.37%
2002	N/A	+10.82%
2001	N/A	+1.54%
2000	N/A	-15.88%
1999	N/A	-3.17%

MSSS vs IAF Drawdown Comparison

The maximum drawdown for MSSS was -19.14%, occurring on Apr 8, 2025. Recovery took 174 trading sessions.

The maximum drawdown for IAF was -67.63%, occurring on Nov 20, 2008. Recovery took 717 trading sessions.

The current IAF drawdown is -9.59%.

Rank	MSSS	IAF
#1	-19.14% Nov 29, 2024 - Aug 13, 2025	-67.63% Jan 2, 2008 - Nov 4, 2010
#2	-10.18% Feb 26, 2026 - Apr 17, 2026	-45.13% Mar 15, 2013 - Jan 15, 2020
#3	-7.72% Mar 28, 2024 - Jul 11, 2024	-43.97% Jan 23, 2020 - Nov 16, 2020
#4	-5.84% Oct 3, 2025 - Jan 9, 2026	-33.95% Mar 30, 2022 - Jun 5, 2025
#5	-5.08% Oct 18, 2024 - Nov 25, 2024	-31.78% Jul 23, 2007 - Oct 12, 2007
#6	-4.13% Jul 30, 2024 - Aug 19, 2024	-28.94% Nov 22, 1999 - May 30, 2002
#7	-3.43% Jan 15, 2026 - Feb 17, 2026	-28.46% Nov 8, 2010 - Jan 14, 2013
#8	-2.67% Sep 11, 2025 - Oct 3, 2025	-21.64% Mar 21, 2005 - Aug 31, 2005
#9	-2.40% Sep 30, 2024 - Oct 16, 2024	-20.52% Feb 19, 2004 - Sep 27, 2004
#10	-2.04% Aug 30, 2024 - Sep 13, 2024	-17.53% Jun 3, 2002 - Apr 23, 2003
#11	-1.83% Apr 20, 2026 - May 1, 2026	-17.36% May 11, 2006 - Oct 25, 2006
#12	-1.65% Mar 7, 2024 - Mar 21, 2024	-16.20% Feb 11, 2026 - Mar 24, 2026
#13	-1.49% Jun 4, 2026 - Jun 11, 2026	-14.82% Jun 11, 2021 - Mar 24, 2022
#14	-1.41% Jul 16, 2024 - Jul 26, 2024	-14.21% Sep 20, 2005 - Dec 27, 2005
#15	-1.40% Feb 20, 2026 - Feb 26, 2026	-11.12% Oct 31, 2007 - Dec 24, 2007

Correlation

Correlation between MSSS and IAF is 0.88 which considered as a strong positive correlation - the stocks tend to move together.

0.88

-101

Dividend Comparison (2000 - 2026)

MSSS vs IAF dividend yield comparison.

Year	MSSS	IAF
2026	0.15%	5.80%
2025	0.21%	11.30%
2024	0.42%	11.69%
2023	0.00%	11.32%
2022	0.00%	12.53%
2021	0.00%	10.25%
2020	0.00%	9.68%
2019	0.00%	10.54%
2018	0.00%	13.26%
2017	0.00%	10.05%
2016	0.00%	11.99%
2015	0.00%	14.31%
2014	0.00%	12.97%
2013	0.00%	11.97%
2012	0.00%	9.96%
2011	0.00%	12.71%
2010	0.00%	8.93%
2009	0.00%	7.64%
2008	0.00%	21.41%
2007	0.00%	9.32%
2006	0.00%	10.10%
2005	0.00%	9.62%
2004	0.00%	8.07%
2003	0.00%	1.81%
2002	0.00%	2.88%
2001	0.00%	11.52%
2000	0.00%	13.59%