FLIN vs. INDH

Last updated Jun 4, 2026

FLIN (Franklin FTSE India ETF) and INDH (WisdomTree India Hedged Equity Fund) are both Asia Pacific Equities funds - FLIN tracks the FTSE India RIC Capped Index while INDH tracks the WisdomTree India Hedged Equity Index. Both are passively managed. Over the past year, FLIN returned -11.63% vs -4.33% for INDH. Their correlation of 0.84 suggests significant overlap in exposure. FLIN charges 0.19%/yr vs 0.64%/yr for INDH.

Performance

FLIN vs. INDH - Performance Comparison

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

Returns By Period

In the year-to-date period, FLIN achieves a -11.92% return, which is significantly lower than INDH's -8.93% return.

FLIN

• 1D: -1.51%
• 1M: -2.58%
• YTD: -11.92%
• 6M: -10.85%
• 1Y: -11.63%
• 3Y*: 5.53%
• 5Y*: 3.56%
• 10Y*: —

INDH

• 1D: -0.91%
• 1M: -2.65%
• YTD: -8.93%
• 6M: -8.40%
• 1Y: -4.33%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FLIN vs. INDH - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FLIN Franklin FTSE India ETF	-11.92%	2.40%	4.54%
INDH WisdomTree India Hedged Equity Fund	-8.93%	6.76%	5.05%

Correlation

The correlation between FLIN and INDH is 0.87, 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	0.87
Correlation (All Time) Calculated using the full available price history since May 10, 2024	0.84

The correlation between FLIN and INDH has been stable across timeframes, ranging from 0.84 to 0.87 - a consistent structural relationship.

FLIN vs. INDH - Sectors Allocation Comparison

Sectors	FLIN	INDH
Financial Services	27.2%	23.5%
Consumer Cyclical	12.0%	12.9%
Industrials	10.3%	7.4%
Energy	9.5%	13.0%
Basic Materials	9.2%	9.1%
Technology	8.4%	10.0%
Healthcare	6.5%	5.6%
Consumer Defensive	5.8%	7.6%
Utilities	5.3%	5.8%
Communication Services	4.6%	4.8%
Real Estate	1.3%	0.4%

Return for Risk

FLIN vs. INDH — Risk / Return Rank

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

FLIN

FLIN Risk / Return Rank: 2
FLIN Sharpe Ratio Rank: 3
FLIN Sortino Ratio Rank: 3
FLIN Omega Ratio Rank: 3
FLIN Calmar Ratio Rank: 3
FLIN Martin Ratio Rank: 1

INDH

INDH Risk / Return Rank: 5
INDH Sharpe Ratio Rank: 6
INDH Sortino Ratio Rank: 5
INDH Omega Ratio Rank: 5
INDH Calmar Ratio Rank: 6
INDH Martin Ratio Rank: 5

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.

FLIN vs. INDH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE India ETF (FLIN) 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.

	FLIN	INDH	Difference
Sharpe ratio: Return per unit of total volatility	-0.78	-0.34	-0.45
Sortino ratio: Return per unit of downside risk	-1.06	-0.39	-0.67
Omega ratio: Gain probability vs. loss probability	0.88	0.95	-0.07
Calmar ratio: Return relative to maximum drawdown	-0.62	-0.34	-0.29
Martin ratio: Return relative to average drawdown	-1.54	-0.93	-0.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLIN vs. INDH - Sharpe Ratio Comparison

The current FLIN Sharpe Ratio is -0.78, which is lower than the INDH Sharpe Ratio of -0.34. The chart below compares the historical Sharpe Ratios of FLIN and INDH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FLIN	INDH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.78	-0.34	-0.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.23	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	0.07	+0.19

Drawdowns

FLIN vs. INDH - Drawdown Comparison

The maximum FLIN drawdown since its inception was -41.90%, which is greater than INDH's maximum drawdown of -15.05%. Use the drawdown chart below to compare losses from any high point for FLIN and INDH.

Drawdown Indicators

	FLIN	INDH	Difference
Max Drawdown Largest peak-to-trough decline	-41.90%	-15.05%	-26.85%
Max Drawdown (1Y) Largest decline over 1 year	-18.79%	-12.94%	-5.85%
Max Drawdown (3Y) Largest decline over 3 years	-22.85%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-22.85%	—	—
Current Drawdown Current decline from peak	-18.91%	-10.96%	-7.95%
Average Drawdown Average peak-to-trough decline	-8.01%	-5.67%	-2.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.57%	4.68%	+2.89%

Volatility

FLIN vs. INDH - Volatility Comparison

Franklin FTSE India ETF (FLIN) has a higher volatility of 5.21% compared to WisdomTree India Hedged Equity Fund (INDH) at 4.02%. This indicates that FLIN's price experiences larger fluctuations and is considered to be riskier than INDH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLIN	INDH	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.21%	4.02%	+1.19%
Volatility (6M) Calculated over the trailing 6-month period	12.81%	11.50%	+1.31%
Volatility (1Y) Calculated over the trailing 1-year period	14.92%	12.93%	+1.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.74%	14.43%	+1.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.45%	14.43%	+6.02%

FLIN vs. INDH - Expense Ratio Comparison

FLIN has a 0.19% expense ratio, which is lower than INDH's 0.64% expense ratio.

Dividends

FLIN vs. INDH - Dividend Comparison

FLIN's dividend yield for the trailing twelve months is around 0.64%, less than INDH's 5.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FLIN Franklin FTSE India ETF	0.64%	0.56%	1.58%	0.73%	0.73%	2.26%	0.68%	0.90%	0.92%
INDH WisdomTree India Hedged Equity Fund	5.77%	5.25%	0.31%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FLIN and INDH in my portfolio?

FLIN and INDH have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLIN or INDH?

FLIN has higher volatility (5.21%) compared to INDH (4.02%). In terms of maximum drawdown, FLIN dropped -41.90% vs INDH's -15.05%.

Which ETF is better, FLIN or INDH?

On 1-year performance, INDH leads with -4.33% vs -11.63% for FLIN. On fees, FLIN is cheaper at 0.19% per year. On volatility, INDH has been the lower-risk option at 4.02%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FLIN or INDH?

Over the 1-year period, INDH has performed better with a -4.33% return vs -11.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLIN or INDH?

FLIN is cheaper with a 0.19% expense ratio, compared with 0.64% for INDH.

Which ETF pays a higher dividend yield, FLIN or INDH?

INDH has the higher dividend yield at 5.77%, compared with 0.64% for FLIN.

What is the main difference between FLIN and INDH?

FLIN tracks FTSE India RIC Capped Index, while INDH tracks WisdomTree India Hedged Equity Index. They also come from different issuers: Franklin Templeton and WisdomTree. Their fees differ too: 0.19% for FLIN and 0.64% for INDH.

Which has better risk-adjusted returns?

INDH currently has the higher Sharpe Ratio (-0.34 vs -0.78), 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.