IIF vs IVV
Morgan Stanley India Investment Fund Inc. vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IIF | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 1.28% | 0.03% | |
| AUM | $318M | $907.0B | |
| Dividend Yield | 7.69% | 1.10% | |
| Holdings | 46 | 508 | |
| YTD Return | -8.31% | +12.28% | |
| 1Y Return | -9.84% | +20.94% | |
| 3Y Return (annualized) | +12.75% | +21.81% | |
| 5Y Return (annualized) | +8.33% | +13.05% | |
| Volatility (annualized) | 31.0% | 15.1% | |
| Max Drawdown | -62.1% | -56.5% | |
| Fund Family | Morgan Stanley Investment Management | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Feb 25, 1994 | May 15, 2000 |
IIF vs IVV Performance
Morgan Stanley India Investment Fund Inc. (IIF) is a ETF from Morgan Stanley Investment Management and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year IIF returned -9.84% while IVV returned +20.94%. Year to date, IIF is down 8.31% versus a gain of 12.28% for IVV.
Over three years, IIF compounded at +12.75% per year against +21.81% for IVV; over five years the annualized figures are +8.33% and +13.05% respectively. Across the full 25-year window we track, IIF has the edge at +17.66% annualized vs +6.98%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IIF has been the more volatile fund, with annualized monthly volatility of 31.0% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -62.1% for IIF and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.44. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IIF charges 1.28% per year while IVV charges 0.03%. On a $10,000 position that is $128 vs $3 annually, a gap of $125 per year that compounds over a long holding period. On income, IIF currently yields 7.69% against 1.10% for IVV.
Holdings Overlap
IIF and IVV share 0 holdings out of 551 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IIF or IVV?
IIF has an expense ratio of 1.28% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $125 per year of difference.
Which performed better, IIF or IVV?
Over the past year IIF returned -9.84% vs +20.94% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (25 years), IIF annualized +17.66% vs +6.98% for IVV. Past performance does not guarantee future results.
Which is riskier, IIF or IVV?
IIF has been the more volatile fund at 31.0% annualized versus 15.1% for IVV. Worst drawdown: IIF -62.1% vs IVV -56.5%.
Should I hold both IIF and IVV?
IIF and IVV have a monthly-return correlation of 0.44, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IIF and IVV?
IIF and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 551 unique securities.
Which pays a higher dividend, IIF or IVV?
IIF yields 7.69% while IVV yields 1.10%, so IIF currently pays the higher dividend yield.
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