TSI vs IIF

Comparison between TCW Strategic Income Fund Inc (TSI, ETF) and Morgan Stanley India Investment Fund Inc (IIF, ETF).

5-Year PerformanceIIF has outperformed TSI, delivering a return of +7.2% compared to +2.1%

TSI vs IIF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	TSI(ETF)	IIF(ETF)
Net Assets	$233M	$233M
Max Drawdown	80.85%	85.15%
Sharpe Ratio	-0.54	-1.21
5Y Beta	0.12	0.47
5Y Dividends CAGR	8.94%	128.74%

Net Assets

TSI

$233M

IIF

$233M

Max Drawdown

Winner

TSI

80.85%

IIF

85.15%

Sharpe Ratio

Winner

TSI

-0.54

IIF

-1.21

5Y Beta

Winner

TSI

0.12

IIF

0.47

5Y Dividends CAGR

TSI

8.94%

Winner

IIF

128.74%

TSI vs IIF - Historical Returns

Returns include dividend reinvestment.

Period	TSI	IIF
1 month	-0.04%	-3.91%
3 months	-1.80%	-8.02%
6 months	-2.64%	-14.63%
1 year	-1.26%	-15.33%
5 years(CAGR)	+2.06%	+7.18%
10 years(CAGR)	+5.18%	+7.68%
Max(CAGR)	+7.77%	+13.48%

Winner

TSI

-0.04%

IIF

-3.91%

Winner

TSI

-1.80%

IIF

-8.02%

Winner

TSI

-2.64%

IIF

-14.63%

Winner

TSI

-1.26%

IIF

-15.33%

5Y(CAGR)

TSI

+2.06%

Winner

IIF

+7.18%

10Y(CAGR)

TSI

+5.18%

Winner

IIF

+7.68%

Max(CAGR)

TSI

+7.77%

Winner

IIF

+13.48%

TSI vs IIF - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	TSI	IIF
2026	-5.72%	-16.06%
2025	+9.44%	+5.62%
2024	+12.15%	+30.11%
2023	+8.07%	+21.08%
2022	-12.95%	-10.32%
2021	+9.57%	+30.04%
2020	+4.12%	+5.23%
2019	+18.83%	+0.04%
2018	-0.31%	-21.78%
2017	+16.58%	+50.17%
2016	+6.35%	+8.14%
2015	+2.01%	-6.26%
2014	+6.06%	+58.58%
2013	+4.20%	-7.61%
2012	+24.50%	+27.71%
2011	+11.60%	-43.26%
2010	+36.73%	+22.07%
2009	+54.43%	+68.48%
2008	-4.53%	-55.37%
2007	-20.85%	+77.20%
2006	+19.35%	+43.07%
2005	-2.84%	+31.95%
2004	+76.19%	+16.57%
2003	+21.73%	+170.13%
2002	-43.07%	+14.42%
2001	-3.28%	-11.08%
2000	+17.97%	-26.41%
1999	+10.26%	+36.82%

TSI vs IIF Drawdown Comparison

The maximum drawdown for TSI was -60.18%, occurring on Oct 9, 2002. Recovery took 1063 trading sessions.

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

The current TSI drawdown is -6.32%. The current IIF drawdown is -19.80%.

Rank	TSI	IIF
#1	-60.18% Sep 29, 2000 - Dec 27, 2004	-66.78% Jan 2, 2008 - Oct 4, 2010
#2	-48.14% Mar 30, 2007 - Sep 15, 2009	-59.10% Jan 23, 2018 - Aug 30, 2021
#3	-30.00% Jan 15, 2020 - Jul 31, 2020	-54.90% Feb 8, 2000 - Aug 22, 2003
#4	-18.54% Dec 31, 2021 - Jul 12, 2024	-49.86% Nov 5, 2010 - Nov 18, 2014
#5	-12.62% May 2, 2013 - Sep 3, 2014	-36.83% May 10, 2006 - Jul 9, 2007
#6	-9.90% Jul 17, 2000 - Aug 31, 2000	-34.47% Jan 13, 2004 - Dec 21, 2004
#7	-9.69% Mar 28, 2000 - Jul 13, 2000	-28.32% Mar 5, 2015 - Feb 2, 2017
#8	-9.45% May 31, 2011 - Dec 28, 2011	-24.17% Jun 27, 2025 - Mar 30, 2026
#9	-8.69% Dec 29, 2017 - Feb 28, 2019	-23.35% Jan 12, 2022 - Dec 6, 2023
#10	-8.53% Mar 29, 2006 - Sep 13, 2006	-21.21% Sep 19, 2005 - Jan 6, 2006
#11	-8.36% Mar 14, 2005 - Mar 16, 2006	-17.77% Mar 4, 2005 - Jun 22, 2005
#12	-8.30% Jan 15, 2026 - Mar 30, 2026	-17.61% Sep 27, 2024 - Jun 11, 2025
#13	-8.25% Oct 18, 2012 - Dec 7, 2012	-15.76% Nov 4, 2003 - Dec 1, 2003
#14	-8.21% Sep 26, 2014 - Jun 22, 2016	-15.75% Jul 23, 2007 - Sep 19, 2007
#15	-7.84% Nov 9, 2009 - Feb 18, 2010	-15.56% Oct 29, 2007 - Dec 5, 2007

Correlation

Correlation between TSI and IIF is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.

0.92

-101

Dividend Comparison (1999 - 2026)

TSI vs IIF dividend yield comparison.

Year	TSI	IIF
2026	2.70%	0.00%
2025	6.58%	7.95%
2024	8.00%	10.67%
2023	7.73%	14.61%
2022	7.00%	19.62%
2021	6.36%	3.75%
2020	4.83%	0.02%
2019	7.39%	0.14%
2018	7.07%	30.40%
2017	5.36%	15.23%
2016	5.21%	4.46%
2015	4.08%	0.16%
2014	4.69%	0.00%
2013	7.34%	0.00%
2012	10.19%	0.00%
2011	18.40%	8.41%
2010	11.82%	9.64%
2009	11.76%	0.00%
2008	14.98%	152.11%
2007	11.80%	52.30%
2006	9.12%	10.43%
2005	8.59%	10.39%
2004	47.05%	0.30%
2003	5.62%	0.75%
2002	21.15%	0.13%
2001	11.58%	12.29%
2000	8.09%	14.49%
1999	9.62%	0.00%