INDH vs. ADIV

Last updated Jun 24, 2026

INDH (WisdomTree India Hedged Equity Fund) and ADIV (SmartETFs Asia Pacific Dividend Builder ETF) are both Asia Pacific Equities funds. INDH is passively managed, while ADIV is actively managed. Over the past year, INDH returned -4.84% vs 13.74% for ADIV. At a 0.35 correlation, their price movements are largely independent. INDH charges 0.64%/yr vs 0.78%/yr for ADIV.

Performance

INDH vs. ADIV - Performance Comparison

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

Returns By Period

In the year-to-date period, INDH achieves a -7.48% return, which is significantly lower than ADIV's 5.85% return.

INDH

• 1D: -1.34%
• 1M: -0.10%
• YTD: -7.48%
• 6M: -7.87%
• 1Y: -4.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ADIV

• 1D: -2.00%
• 1M: -0.04%
• YTD: 5.85%
• 6M: 5.74%
• 1Y: 13.74%
• 3Y*: 17.39%
• 5Y*: 6.34%
• 10Y*: —

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

INDH vs. ADIV - Yearly Performance Comparison

	2026 (YTD)	2025	2024
INDH WisdomTree India Hedged Equity Fund	-7.48%	6.76%	5.03%
ADIV SmartETFs Asia Pacific Dividend Builder ETF	5.85%	21.86%	10.37%

Correlation

The correlation between INDH and ADIV is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (All Time) Calculated using the full available price history since May 9, 2024	0.35

INDH vs. ADIV - Sectors Allocation Comparison

Sectors	INDH	ADIV
Financial Services	23.1%	31.8%
Consumer Cyclical	13.1%	15.4%
Energy	12.6%	-
Technology	10.1%	26.6%
Basic Materials	9.1%	-
Industrials	7.9%	2.3%
Consumer Defensive	7.3%	5.1%
Healthcare	5.8%	5.0%
Utilities	5.7%	2.4%
Communication Services	4.8%	3.2%
Real Estate	0.4%	8.3%

Return for Risk

INDH vs. ADIV — Risk / Return Rank

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

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

ADIV

ADIV Risk / Return Rank: 29
ADIV Sharpe Ratio Rank: 29
ADIV Sortino Ratio Rank: 28
ADIV Omega Ratio Rank: 28
ADIV Calmar Ratio Rank: 29
ADIV Martin Ratio Rank: 32

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.

INDH vs. ADIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree India Hedged Equity Fund (INDH) and SmartETFs Asia Pacific Dividend Builder ETF (ADIV). 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.

	INDH	ADIV	Difference
Sharpe ratio: Return per unit of total volatility	-0.37	0.99	-1.36
Sortino ratio: Return per unit of downside risk	-0.44	1.44	-1.87
Omega ratio: Gain probability vs. loss probability	0.95	1.18	-0.24
Calmar ratio: Return relative to maximum drawdown	-0.38	1.36	-1.73
Martin ratio: Return relative to average drawdown	-0.95	4.40	-5.35

INDH vs. ADIV - Sharpe Ratio Comparison

The current INDH Sharpe Ratio is -0.37, which is lower than the ADIV Sharpe Ratio of 0.99. The chart below compares the historical Sharpe Ratios of INDH and ADIV, 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

INDH vs. ADIV - Drawdown Comparison

The maximum INDH drawdown since its inception was -15.05%, smaller than the maximum ADIV drawdown of -31.55%. Use the drawdown chart below to compare losses from any high point for INDH and ADIV.

Drawdown Indicators

	INDH	ADIV	Difference
Max Drawdown Largest peak-to-trough decline	-15.05%	-31.55%	+16.50%
Max Drawdown (1Y) Largest decline over 1 year	-12.94%	-10.15%	-2.79%
Max Drawdown (3Y) Largest decline over 3 years	—	-18.53%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-31.55%	—
Current Drawdown Current decline from peak	-9.54%	-3.17%	-6.37%
Average Drawdown Average peak-to-trough decline	-5.77%	-8.38%	+2.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.12%	3.13%	+1.99%

Volatility

INDH vs. ADIV - Volatility Comparison

The current volatility for WisdomTree India Hedged Equity Fund (INDH) is 3.78%, while SmartETFs Asia Pacific Dividend Builder ETF (ADIV) has a volatility of 5.46%. This indicates that INDH experiences smaller price fluctuations and is considered to be less risky than ADIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	INDH	ADIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.78%	5.46%	-1.68%
Volatility (6M) Calculated over the trailing 6-month period	11.88%	11.23%	+0.65%
Volatility (1Y) Calculated over the trailing 1-year period	13.22%	13.93%	-0.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.42%	16.58%	-2.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.42%	16.40%	-1.98%

INDH vs. ADIV - Expense Ratio Comparison

INDH has a 0.64% expense ratio, which is lower than ADIV's 0.78% expense ratio.

Dividends

INDH vs. ADIV - Dividend Comparison

INDH's dividend yield for the trailing twelve months is around 5.68%, more than ADIV's 3.66% yield.

Position	TTM	2025	2024	2023	2022	2021
ADIV SmartETFs Asia Pacific Dividend Builder ETF	3.66%	2.77%	4.83%	4.55%	2.98%	13.85%
INDH WisdomTree India Hedged Equity Fund	5.68%	5.25%	0.31%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both INDH and ADIV in my portfolio?

INDH and ADIV have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, INDH or ADIV?

ADIV has higher volatility (5.46%) compared to INDH (3.78%). In terms of maximum drawdown, INDH dropped -15.05% vs ADIV's -31.55%.

Which ETF is better, INDH or ADIV?

On 1-year performance, ADIV leads with 13.74% vs -4.84% for INDH. On fees, INDH is cheaper at 0.64% per year. On volatility, INDH has been the lower-risk option at 3.78%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, INDH or ADIV?

Over the 1-year period, ADIV has performed better with a 13.74% return vs -4.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, INDH or ADIV?

INDH is cheaper with a 0.64% expense ratio, compared with 0.78% for ADIV.

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

INDH has the higher dividend yield at 5.68%, compared with 3.66% for ADIV.

What is the main difference between INDH and ADIV?

They also come from different issuers: WisdomTree and Guinness Atkinson Asset Management. Their fees differ too: 0.64% for INDH and 0.78% for ADIV.

Which has better risk-adjusted returns?

ADIV currently has the higher Sharpe Ratio (0.99 vs -0.37), 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.