ADIV vs. INDH

Last updated Apr 1, 2026

Compare and contrast key facts about SmartETFs Asia Pacific Dividend Builder ETF (ADIV) and WisdomTree India Hedged Equity Fund (INDH).

ADIV and INDH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ADIV is an actively managed fund by Guinness Atkinson Asset Management. It was launched on Mar 29, 2021. INDH is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree India Hedged Equity Index. It was launched on May 7, 2024.

Performance

ADIV vs. INDH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SmartETFs Asia Pacific Dividend Builder ETF (ADIV) and WisdomTree India Hedged Equity Fund (INDH). The values are adjusted to include any dividend payments, if applicable.

ADIV vs. INDH - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ADIV SmartETFs Asia Pacific Dividend Builder ETF	-2.19%	21.86%	9.69%
INDH WisdomTree India Hedged Equity Fund	-10.24%	6.76%	5.05%

Returns By Period

In the year-to-date period, ADIV achieves a -2.19% return, which is significantly higher than INDH's -10.24% return.

ADIV

• 1D: 1.75%
• 1M: -6.80%
• YTD: -2.19%
• 6M: -1.25%
• 1Y: 17.88%
• 3Y*: 13.53%
• 5Y*: 4.87%
• 10Y*: —

INDH

• 1D: 2.18%
• 1M: -7.60%
• YTD: -10.24%
• 6M: -5.51%
• 1Y: -1.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ADIV vs. INDH - Expense Ratio Comparison

ADIV has a 0.78% expense ratio, which is higher than INDH's 0.64% expense ratio.

ADIV

SmartETFs Asia Pacific Dividend Builder ETF

INDH

WisdomTree India Hedged Equity Fund

Return for Risk

ADIV vs. INDH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ADIV

ADIV Risk / Return Rank: 58
ADIV Sharpe Ratio Rank: 61
ADIV Sortino Ratio Rank: 60
ADIV Omega Ratio Rank: 61
ADIV Calmar Ratio Rank: 49
ADIV Martin Ratio Rank: 57

INDH

INDH Risk / Return Rank: 8
INDH Sharpe Ratio Rank: 9
INDH Sortino Ratio Rank: 8
INDH Omega Ratio Rank: 8
INDH Calmar Ratio Rank: 9
INDH Martin Ratio Rank: 6

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ADIV vs. INDH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SmartETFs Asia Pacific Dividend Builder ETF (ADIV) and WisdomTree India Hedged Equity Fund (INDH). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	ADIV	INDH	Difference
Sharpe ratio Return per unit of total volatility	1.05	-0.14	+1.19
Sortino ratio Return per unit of downside risk	1.54	-0.10	+1.64
Omega ratio Gain probability vs. loss probability	1.22	0.99	+0.23
Calmar ratio Return relative to maximum drawdown	1.25	-0.18	+1.44
Martin ratio Return relative to average drawdown	5.47	-0.69	+6.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ADIV vs. INDH - Sharpe Ratio Comparison

The current ADIV Sharpe Ratio is 1.05, which is higher than the INDH Sharpe Ratio of -0.14. The chart below compares the historical Sharpe Ratios of ADIV and INDH, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ADIV	INDH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.05	-0.14	+1.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.30	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.02	+0.28

Correlation

The correlation between ADIV and INDH is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

ADIV vs. INDH - Dividend Comparison

ADIV's dividend yield for the trailing twelve months is around 3.08%, less than INDH's 5.85% yield.

	TTM	2025	2024	2023	2022	2021
ADIV SmartETFs Asia Pacific Dividend Builder ETF	3.08%	2.77%	4.83%	4.55%	2.98%	13.85%
INDH WisdomTree India Hedged Equity Fund	5.85%	5.25%	0.31%	0.00%	0.00%	0.00%

Drawdowns

ADIV vs. INDH - Drawdown Comparison

The maximum ADIV drawdown since its inception was -31.55%, which is greater than INDH's maximum drawdown of -15.05%. Use the drawdown chart below to compare losses from any high point for ADIV and INDH.

Drawdown Indicators

	ADIV	INDH	Difference
Max Drawdown Largest peak-to-trough decline	-31.55%	-15.05%	-16.50%
Max Drawdown (1Y) Largest decline over 1 year	-13.51%	-12.94%	-0.57%
Max Drawdown (5Y) Largest decline over 5 years	-31.55%	—	—
Current Drawdown Current decline from peak	-8.41%	-12.24%	+3.83%
Average Drawdown Average peak-to-trough decline	-8.64%	-5.36%	-3.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.10%	3.40%	-0.30%

Volatility

ADIV vs. INDH - Volatility Comparison

The current volatility for SmartETFs Asia Pacific Dividend Builder ETF (ADIV) is 6.43%, while WisdomTree India Hedged Equity Fund (INDH) has a volatility of 7.80%. This indicates that ADIV experiences smaller price fluctuations and is considered to be less risky than INDH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ADIV	INDH	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.43%	7.80%	-1.37%
Volatility (6M) Calculated over the trailing 6-month period	10.32%	10.52%	-0.20%
Volatility (1Y) Calculated over the trailing 1-year period	17.12%	14.13%	+2.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.44%	14.43%	+2.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.43%	14.43%	+2.00%