EPI vs. GIND

Last updated Jul 17, 2026

EPI (WisdomTree India Earnings Fund) and GIND (Goldman Sachs India Equity ETF) are both India Equities funds. EPI is passively managed, while GIND is actively managed. Over the past year, EPI returned -10.42% vs -12.26% for GIND. Their correlation of 0.93 suggests significant overlap in exposure. EPI charges 0.84%/yr vs 0.75%/yr for GIND.

Performance

EPI vs. GIND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree India Earnings Fund (EPI) and Goldman Sachs India Equity ETF (GIND). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EPI achieves a -8.86% return, which is significantly lower than GIND's -8.29% return.

EPI

• 1D: -0.19%
• 1M: -1.59%
• 6M: -7.70%
• YTD: -8.86%
• 1Y: -10.42%
• 3Y*: 5.67%
• 5Y*: 5.95%
• 10Y*: 8.67%

GIND

• 1D: -0.08%
• 1M: 0.25%
• 6M: -6.18%
• YTD: -8.29%
• 1Y: -12.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EPI vs. GIND - Yearly Performance Comparison

	2026 (YTD)	2025
EPI WisdomTree India Earnings Fund	-8.86%	5.42%
GIND Goldman Sachs India Equity ETF	-8.29%	4.70%

Correlation

The correlation between EPI and GIND is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (All Time) Calculated using the full available price history since Apr 3, 2025	0.93

The correlation between EPI and GIND has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

EPI vs. GIND - Sectors Allocation Comparison

Sectors	EPI	GIND
Financial Services	23.2%	29.7%
Energy	16.4%	3.1%
Basic Materials	14.2%	7.9%
Industrials	9.9%	12.0%
Technology	8.3%	6.8%
Utilities	8.3%	3.6%
Consumer Cyclical	7.6%	16.1%
Healthcare	5.8%	7.4%
Consumer Defensive	3.5%	5.5%
Communication Services	2.0%	2.2%
Real Estate	0.9%	1.5%

Return for Risk

EPI vs. GIND — Risk / Return Rank

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

EPI

EPI Risk / Return Rank: 3
EPI Sharpe Ratio Rank: 4
EPI Sortino Ratio Rank: 4
EPI Omega Ratio Rank: 4
EPI Calmar Ratio Rank: 4
EPI Martin Ratio Rank: 1

GIND

GIND Risk / Return Rank: 4
GIND Sharpe Ratio Rank: 3
GIND Sortino Ratio Rank: 3
GIND Omega Ratio Rank: 4
GIND Calmar Ratio Rank: 5
GIND Martin Ratio Rank: 3

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.

EPI vs. GIND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree India Earnings Fund (EPI) and Goldman Sachs India Equity ETF (GIND). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	EPI	GIND	Difference
Sharpe ratio: Return per unit of total volatility	-0.69	-0.74	+0.05
Sortino ratio: Return per unit of downside risk	-0.91	-1.00	+0.09
Omega ratio: Gain probability vs. loss probability	0.90	0.89	+0.01
Calmar ratio: Return relative to maximum drawdown	-0.67	-0.56	-0.11
Martin ratio: Return relative to average drawdown	-1.57	-1.27	-0.30

EPI vs. GIND - Sharpe Ratio Comparison

The current EPI Sharpe Ratio is -0.69, which is comparable to the GIND Sharpe Ratio of -0.74. The chart below compares the historical Sharpe Ratios of EPI and GIND, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EPI vs. GIND - Drawdown Comparison

The maximum EPI drawdown since its inception was -66.21%, which is greater than GIND's maximum drawdown of -22.97%. Use the drawdown chart below to compare losses from any high point for EPI and GIND.

Drawdown Indicators

	EPI	GIND	Difference
Max Drawdown Largest peak-to-trough decline	-66.21%	-22.97%	-43.24%
Max Drawdown (1Y) Largest decline over 1 year	-15.69%	-22.01%	+6.32%
Max Drawdown (3Y) Largest decline over 3 years	-21.89%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.89%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-50.29%	—	—
Current Drawdown Current decline from peak	-16.76%	-13.05%	-3.71%
Average Drawdown Average peak-to-trough decline	-18.63%	-7.44%	-11.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.90%	9.91%	-3.01%

Volatility

EPI vs. GIND - Volatility Comparison

The current volatility for WisdomTree India Earnings Fund (EPI) is 3.70%, while Goldman Sachs India Equity ETF (GIND) has a volatility of 4.46%. This indicates that EPI experiences smaller price fluctuations and is considered to be less risky than GIND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EPI	GIND	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.70%	4.46%	-0.76%
Volatility (6M) Calculated over the trailing 6-month period	13.05%	14.60%	-1.55%
Volatility (1Y) Calculated over the trailing 1-year period	15.26%	16.71%	-1.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.27%	17.07%	-0.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.26%	17.07%	+3.19%

EPI vs. GIND - Expense Ratio Comparison

EPI has a 0.84% expense ratio, which is higher than GIND's 0.75% expense ratio.

Dividends

EPI vs. GIND - Dividend Comparison

Neither EPI nor GIND has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EPI WisdomTree India Earnings Fund	0.00%	0.00%	0.27%	0.15%	6.01%	1.18%	0.78%	1.17%	1.18%	0.85%	1.05%	1.20%
GIND Goldman Sachs India Equity ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EPI and GIND in my portfolio?

With a correlation of 0.95, EPI and GIND move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, EPI or GIND?

GIND has higher volatility (4.46%) compared to EPI (3.70%). In terms of maximum drawdown, EPI dropped -66.21% vs GIND's -22.97%.

Which ETF is better, EPI or GIND?

On 1-year performance, EPI leads with -10.42% vs -12.26% for GIND. On fees, GIND is cheaper at 0.75% per year. On volatility, EPI has been the lower-risk option at 3.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EPI or GIND?

Over the 1-year period, EPI has performed better with a -10.42% return vs -12.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EPI or GIND?

GIND is cheaper with a 0.75% expense ratio, compared with 0.84% for EPI.

Which ETF pays a higher dividend yield, EPI or GIND?

EPI and GIND have nearly identical dividend yields, around 0.00%.

What is the main difference between EPI and GIND?

They also come from different issuers: WisdomTree and Goldman Sachs. Their fees differ too: 0.84% for EPI and 0.75% for GIND.

Which has better risk-adjusted returns?

EPI currently has the higher Sharpe Ratio (-0.69 vs -0.74), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.