GLIN vs. EPI

Last updated Jun 23, 2026

GLIN (VanEck Vectors India Growth Leaders ETF) and EPI (WisdomTree India Earnings Fund) are both exchange-traded funds - GLIN is a Asia Pacific Equities fund tracking the MarketGrader India All-Cap Growth Leaders Index, while EPI is a Emerging Markets Equities fund tracking the WisdomTree India Earnings Index. Both are passively managed. Over the past 10 years, GLIN returned 3.07%/yr vs 9.88%/yr for EPI. Their correlation of 0.87 suggests significant overlap in exposure. GLIN charges 0.82%/yr vs 0.84%/yr for EPI.

Performance

GLIN vs. EPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Vectors India Growth Leaders ETF (GLIN) and WisdomTree India Earnings Fund (EPI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GLIN achieves a 3.97% return, which is significantly higher than EPI's -6.16% return. Over the past 10 years, GLIN has underperformed EPI with an annualized return of 3.07%, while EPI has yielded a comparatively higher 9.88% annualized return.

GLIN

• 1D: 2.39%
• 1M: 7.11%
• YTD: 3.97%
• 6M: 3.68%
• 1Y: 4.17%
• 3Y*: 12.89%
• 5Y*: 6.27%
• 10Y*: 3.07%

EPI

• 1D: 0.98%
• 1M: 2.53%
• YTD: -6.16%
• 6M: -5.85%
• 1Y: -5.32%
• 3Y*: 8.65%
• 5Y*: 6.74%
• 10Y*: 9.88%

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

GLIN vs. EPI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GLIN VanEck Vectors India Growth Leaders ETF	3.97%	-5.47%	15.64%	36.13%	-21.46%	29.57%	-0.29%	-21.49%	-37.41%	66.53%
EPI WisdomTree India Earnings Fund	-6.16%	2.25%	10.70%	26.03%	-4.74%	26.41%	18.55%	1.53%	-9.88%	39.14%

Correlation

The correlation between GLIN and EPI is 0.92, 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	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (10Y) Calculated over the trailing 10-year period	0.86
Correlation (All Time) Calculated using the full available price history since Aug 25, 2010	0.87

The correlation between GLIN and EPI has been stable across timeframes, ranging from 0.86 to 0.92 - a consistent structural relationship.

GLIN vs. EPI - Sectors Allocation Comparison

Sectors	GLIN	EPI
Financial Services	35.5%	23.2%
Industrials	20.5%	9.9%
Consumer Cyclical	14.5%	7.6%
Healthcare	8.2%	5.8%
Basic Materials	8.1%	14.2%
Communication Services	5.2%	2.0%
Utilities	3.6%	8.3%
Energy	2.2%	16.4%
Technology	2.0%	8.3%
Consumer Defensive	0.6%	3.5%
Real Estate	0.0%	0.9%

Return for Risk

GLIN vs. EPI — Risk / Return Rank

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

GLIN

GLIN Risk / Return Rank: 11
GLIN Sharpe Ratio Rank: 11
GLIN Sortino Ratio Rank: 11
GLIN Omega Ratio Rank: 11
GLIN Calmar Ratio Rank: 11
GLIN Martin Ratio Rank: 11

EPI

EPI Risk / Return Rank: 5
EPI Sharpe Ratio Rank: 6
EPI Sortino Ratio Rank: 5
EPI Omega Ratio Rank: 5
EPI Calmar Ratio Rank: 6
EPI 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.

GLIN vs. EPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors India Growth Leaders ETF (GLIN) and WisdomTree India Earnings Fund (EPI). 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.

	GLIN	EPI	Difference
Sharpe ratio: Return per unit of total volatility	0.23	-0.35	+0.59
Sortino ratio: Return per unit of downside risk	0.47	-0.41	+0.87
Omega ratio: Gain probability vs. loss probability	1.05	0.95	+0.10
Calmar ratio: Return relative to maximum drawdown	0.23	-0.32	+0.54
Martin ratio: Return relative to average drawdown	0.66	-0.73	+1.39

GLIN vs. EPI - Sharpe Ratio Comparison

The current GLIN Sharpe Ratio is 0.23, which is higher than the EPI Sharpe Ratio of -0.35. The chart below compares the historical Sharpe Ratios of GLIN and EPI, 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

GLIN vs. EPI - Drawdown Comparison

The maximum GLIN drawdown since its inception was -79.36%, which is greater than EPI's maximum drawdown of -66.21%. Use the drawdown chart below to compare losses from any high point for GLIN and EPI.

Drawdown Indicators

	GLIN	EPI	Difference
Max Drawdown Largest peak-to-trough decline	-79.36%	-66.21%	-13.15%
Max Drawdown (1Y) Largest decline over 1 year	-18.56%	-16.88%	-1.68%
Max Drawdown (3Y) Largest decline over 3 years	-26.77%	-21.89%	-4.88%
Max Drawdown (5Y) Largest decline over 5 years	-30.97%	-21.89%	-9.08%
Max Drawdown (10Y) Largest decline over 10 years	-74.80%	-50.29%	-24.51%
Current Drawdown Current decline from peak	-40.90%	-14.30%	-26.60%
Average Drawdown Average peak-to-trough decline	-50.93%	-18.64%	-32.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.38%	7.30%	-0.92%

Volatility

GLIN vs. EPI - Volatility Comparison

VanEck Vectors India Growth Leaders ETF (GLIN) has a higher volatility of 5.59% compared to WisdomTree India Earnings Fund (EPI) at 4.04%. This indicates that GLIN's price experiences larger fluctuations and is considered to be riskier than EPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GLIN	EPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.59%	4.04%	+1.55%
Volatility (6M) Calculated over the trailing 6-month period	15.66%	13.05%	+2.61%
Volatility (1Y) Calculated over the trailing 1-year period	17.94%	15.14%	+2.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.29%	16.24%	+2.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.71%	20.36%	+3.35%

GLIN vs. EPI - Expense Ratio Comparison

GLIN has a 0.82% expense ratio, which is lower than EPI's 0.84% expense ratio.

Dividends

GLIN vs. EPI - Dividend Comparison

GLIN's dividend yield for the trailing twelve months is around 0.81%, while EPI has not 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%
GLIN VanEck Vectors India Growth Leaders ETF	0.81%	0.84%	3.58%	0.96%	1.70%	0.00%	0.24%	1.42%	0.12%	0.10%	1.39%	3.11%

Frequently Asked Questions

Can I hold both GLIN and EPI in my portfolio?

With a correlation of 0.92, GLIN and EPI 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, GLIN or EPI?

GLIN has higher volatility (5.59%) compared to EPI (4.04%). In terms of maximum drawdown, GLIN dropped -79.36% vs EPI's -66.21%.

Which ETF is better, GLIN or EPI?

On 10-year performance, EPI leads with 9.88% vs 3.07% for GLIN. On fees, GLIN is cheaper at 0.82% per year. On volatility, EPI has been the lower-risk option at 4.04%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GLIN or EPI?

Over the 10-year period, EPI has performed better with a 9.88% return vs 3.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GLIN or EPI?

GLIN is cheaper with a 0.82% expense ratio, compared with 0.84% for EPI.

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

GLIN has the higher dividend yield at 0.81%, compared with 0.00% for EPI.

What is the main difference between GLIN and EPI?

GLIN is categorized as Asia Pacific Equities, while EPI is Emerging Markets Equities. GLIN tracks MarketGrader India All-Cap Growth Leaders Index, while EPI tracks WisdomTree India Earnings Index. They also come from different issuers: VanEck and WisdomTree. Their fees differ too: 0.82% for GLIN and 0.84% for EPI.

Which has better risk-adjusted returns?

GLIN currently has the higher Sharpe Ratio (0.23 vs -0.35), 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.