INDE vs. IND

Last updated Jul 14, 2026

INDE (Matthews India Active ETF) and IND (Xtrackers Nifty 500 India ETF) are both India Equities funds. INDE is actively managed, while IND is passively managed. A 0.79 correlation means they provide meaningful diversification when combined. INDE charges 0.79%/yr vs 0.19%/yr for IND.

Performance

INDE vs. IND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Matthews India Active ETF (INDE) and Xtrackers Nifty 500 India ETF (IND). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, INDE achieves a -2.65% return, which is significantly higher than IND's -8.13% return.

INDE

• 1D: -1.35%
• 1M: 4.23%
• 6M: -1.11%
• YTD: -2.65%
• 1Y: -0.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IND

• 1D: -0.09%
• 1M: 2.98%
• 6M: -6.90%
• YTD: -8.13%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

INDE vs. IND - Yearly Performance Comparison

	2026 (YTD)	2025
INDE Matthews India Active ETF	-2.65%	-0.60%
IND Xtrackers Nifty 500 India ETF	-8.13%	-0.34%

Correlation

The correlation between INDE and IND is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 25, 2025	0.79

Return for Risk

INDE vs. IND — Risk / Return Rank

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

INDE

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

IND

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

INDE vs. IND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Matthews India Active ETF (INDE) and Xtrackers Nifty 500 India ETF (IND). 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.

	INDE	IND	Difference
Sharpe ratio: Return per unit of total volatility	-0.05	—	—
Sortino ratio: Return per unit of downside risk	0.06	—	—
Omega ratio: Gain probability vs. loss probability	1.01	—	—
Calmar ratio: Return relative to maximum drawdown	-0.04	—	—
Martin ratio: Return relative to average drawdown	-0.11	—	—

Drawdowns

INDE vs. IND - Drawdown Comparison

The maximum INDE drawdown since its inception was -22.89%, which is greater than IND's maximum drawdown of -18.75%. Use the drawdown chart below to compare losses from any high point for INDE and IND.

Drawdown Indicators

	INDE	IND	Difference
Max Drawdown Largest peak-to-trough decline	-22.89%	-18.75%	-4.14%
Max Drawdown (1Y) Largest decline over 1 year	-19.10%	—	—
Current Drawdown Current decline from peak	-9.85%	-9.32%	-0.53%
Average Drawdown Average peak-to-trough decline	-7.65%	-7.86%	+0.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.48%	—	—

Volatility

Volatility by Period

	INDE	IND	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.60%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.82%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.25%	19.29%	-2.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.55%	19.29%	-2.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.55%	19.29%	-2.74%

INDE vs. IND - Expense Ratio Comparison

INDE has a 0.79% expense ratio, which is higher than IND's 0.19% expense ratio.

Dividends

INDE vs. IND - Dividend Comparison

INDE's dividend yield for the trailing twelve months is around 1.80%, more than IND's 0.34% yield.

Position	TTM	2025	2024
IND Xtrackers Nifty 500 India ETF	0.34%	0.00%	0.00%
INDE Matthews India Active ETF	1.80%	1.75%	0.56%

Frequently Asked Questions

Can I hold both INDE and IND in my portfolio?

INDE and IND have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, INDE or IND?

On fees, IND is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, INDE or IND?

IND is cheaper with a 0.19% expense ratio, compared with 0.79% for INDE.

Which ETF pays a higher dividend yield, INDE or IND?

INDE has the higher dividend yield at 1.80%, compared with 0.34% for IND.

What is the main difference between INDE and IND?

They also come from different issuers: Matthews and Xtrackers. Their fees differ too: 0.79% for INDE and 0.19% for IND.