INDE vs. INDH

Last updated Jun 4, 2026

INDE (Matthews India Active ETF) and INDH (WisdomTree India Hedged Equity Fund) are both Asia Pacific Equities funds. INDE is actively managed, while INDH is passively managed. Over the past year, INDE returned -5.01% vs -4.33% for INDH. A 0.76 correlation means they provide meaningful diversification when combined. INDE charges 0.79%/yr vs 0.64%/yr for INDH.

Performance

INDE vs. INDH - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with INDE having a -8.87% return and INDH slightly lower at -8.93%.

INDE

• 1D: -1.13%
• 1M: 1.10%
• YTD: -8.87%
• 6M: -8.36%
• 1Y: -5.01%
• 3Y*: —
• 5Y*: —
• 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)

INDE vs. INDH - Yearly Performance Comparison

	2026 (YTD)	2025	2024
INDE Matthews India Active ETF	-8.87%	2.39%	6.50%
INDH WisdomTree India Hedged Equity Fund	-8.93%	6.76%	5.05%

Correlation

The correlation between INDE and INDH 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 (1Y) Calculated over the trailing 1-year period	0.79
Correlation (All Time) Calculated using the full available price history since May 10, 2024	0.76

The correlation between INDE and INDH has been stable across timeframes, ranging from 0.76 to 0.79 - a consistent structural relationship.

INDE vs. INDH - Sectors Allocation Comparison

Sectors	INDE	INDH
Financial Services	30.6%	23.5%
Consumer Cyclical	17.8%	12.9%
Consumer Defensive	8.2%	7.6%
Healthcare	7.2%	5.6%
Industrials	7.1%	7.4%
Technology	6.9%	10.0%
Communication Services	3.4%	4.8%
Energy	3.4%	13.0%
Basic Materials	3.0%	9.1%
Real Estate	-	0.4%
Utilities	-	5.8%

Return for Risk

INDE vs. INDH — Risk / Return Rank

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

INDE

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

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.

INDE vs. INDH - Risk-Adjusted Trends Comparison

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

	INDE	INDH	Difference
Sharpe ratio: Return per unit of total volatility	-0.30	-0.34	+0.03
Sortino ratio: Return per unit of downside risk	-0.33	-0.39	+0.06
Omega ratio: Gain probability vs. loss probability	0.96	0.95	+0.01
Calmar ratio: Return relative to maximum drawdown	-0.26	-0.34	+0.07
Martin ratio: Return relative to average drawdown	-0.71	-0.93	+0.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

INDE vs. INDH - Sharpe Ratio Comparison

The current INDE Sharpe Ratio is -0.30, which is comparable to the INDH Sharpe Ratio of -0.34. The chart below compares the historical Sharpe Ratios of INDE 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

	INDE	INDH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.30	-0.34	+0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	0.07	+0.19

Drawdowns

INDE vs. INDH - Drawdown Comparison

The maximum INDE drawdown since its inception was -22.89%, which is greater than INDH's maximum drawdown of -15.05%. Use the drawdown chart below to compare losses from any high point for INDE and INDH.

Drawdown Indicators

	INDE	INDH	Difference
Max Drawdown Largest peak-to-trough decline	-22.89%	-15.05%	-7.84%
Max Drawdown (1Y) Largest decline over 1 year	-19.10%	-12.94%	-6.16%
Current Drawdown Current decline from peak	-15.61%	-10.96%	-4.65%
Average Drawdown Average peak-to-trough decline	-7.52%	-5.67%	-1.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.13%	4.68%	+2.45%

Volatility

INDE vs. INDH - Volatility Comparison

Matthews India Active ETF (INDE) has a higher volatility of 6.75% compared to WisdomTree India Hedged Equity Fund (INDH) at 4.02%. This indicates that INDE'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

	INDE	INDH	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.75%	4.02%	+2.73%
Volatility (6M) Calculated over the trailing 6-month period	14.33%	11.50%	+2.83%
Volatility (1Y) Calculated over the trailing 1-year period	16.62%	12.93%	+3.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.51%	14.43%	+2.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.51%	14.43%	+2.08%

INDE vs. INDH - Expense Ratio Comparison

INDE has a 0.79% expense ratio, which is higher than INDH's 0.64% expense ratio.

Dividends

INDE vs. INDH - Dividend Comparison

INDE's dividend yield for the trailing twelve months is around 1.93%, less than INDH's 5.77% yield.

Position	TTM	2025	2024
INDE Matthews India Active ETF	1.93%	1.75%	0.56%
INDH WisdomTree India Hedged Equity Fund	5.77%	5.25%	0.31%

Frequently Asked Questions

Can I hold both INDE and INDH in my portfolio?

INDE and INDH 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 is riskier, INDE or INDH?

INDE has higher volatility (6.75%) compared to INDH (4.02%). In terms of maximum drawdown, INDE dropped -22.89% vs INDH's -15.05%.

Which ETF is better, INDE or INDH?

On 1-year performance, INDH leads with -4.33% vs -5.01% for INDE. On fees, INDH is cheaper at 0.64% 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, INDE or INDH?

Over the 1-year period, INDH has performed better with a -4.33% return vs -5.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, INDE or INDH?

INDH is cheaper with a 0.64% expense ratio, compared with 0.79% for INDE.

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

INDH has the higher dividend yield at 5.77%, compared with 1.93% for INDE.

What is the main difference between INDE and INDH?

They also come from different issuers: Matthews and WisdomTree. Their fees differ too: 0.79% for INDE and 0.64% for INDH.

Which has better risk-adjusted returns?

INDE currently has the higher Sharpe Ratio (-0.30 vs -0.34), 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.