INDH vs. ASEA

Last updated Jun 4, 2026

INDH (WisdomTree India Hedged Equity Fund) and ASEA (Global X FTSE Southeast Asia ETF) are both Asia Pacific Equities funds - INDH tracks the WisdomTree India Hedged Equity Index while ASEA tracks the FTSE/ASEAN 40 Index. Both are passively managed. Over the past year, INDH returned -4.33% vs 26.01% for ASEA. At a 0.36 correlation, their price movements are largely independent. INDH charges 0.64%/yr vs 0.65%/yr for ASEA.

Performance

INDH vs. ASEA - Performance Comparison

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

Returns By Period

In the year-to-date period, INDH achieves a -8.93% return, which is significantly lower than ASEA's 9.50% return.

INDH

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

ASEA

• 1D: -0.69%
• 1M: 3.21%
• YTD: 9.50%
• 6M: 12.22%
• 1Y: 26.01%
• 3Y*: 14.54%
• 5Y*: 9.70%
• 10Y*: 7.64%

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

INDH vs. ASEA - Yearly Performance Comparison

	2026 (YTD)	2025	2024
INDH WisdomTree India Hedged Equity Fund	-8.93%	6.76%	5.05%
ASEA Global X FTSE Southeast Asia ETF	9.50%	19.80%	10.95%

Correlation

The correlation between INDH and ASEA is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (All Time) Calculated using the full available price history since May 10, 2024	0.36

INDH vs. ASEA - Sectors Allocation Comparison

Sectors	INDH	ASEA
Financial Services	23.5%	58.6%
Energy	13.0%	3.5%
Consumer Cyclical	12.9%	-
Technology	10.0%	-
Basic Materials	9.1%	2.1%
Consumer Defensive	7.6%	2.2%
Industrials	7.4%	15.4%
Utilities	5.8%	4.4%
Healthcare	5.6%	2.3%
Communication Services	4.8%	8.8%
Real Estate	0.4%	2.8%

Return for Risk

INDH vs. ASEA — 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

ASEA

ASEA Risk / Return Rank: 56
ASEA Sharpe Ratio Rank: 55
ASEA Sortino Ratio Rank: 56
ASEA Omega Ratio Rank: 53
ASEA Calmar Ratio Rank: 63
ASEA Martin Ratio Rank: 51

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. ASEA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree India Hedged Equity Fund (INDH) and Global X FTSE Southeast Asia ETF (ASEA). 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.

	INDH	ASEA	Difference
Sharpe ratio Return per unit of total volatility	-0.34	1.87	-2.21
Sortino ratio Return per unit of downside risk	-0.39	2.74	-3.14
Omega ratio Gain probability vs. loss probability	0.95	1.34	-0.38
Calmar ratio Return relative to maximum drawdown	-0.34	3.16	-3.49
Martin ratio Return relative to average drawdown	-0.93	8.72	-9.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

INDH vs. ASEA - Sharpe Ratio Comparison

The current INDH Sharpe Ratio is -0.34, which is lower than the ASEA Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of INDH and ASEA, 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

	INDH	ASEA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.34	1.87	-2.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.67	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.44	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.07	0.27	-0.20

Drawdowns

INDH vs. ASEA - Drawdown Comparison

The maximum INDH drawdown since its inception was -15.05%, smaller than the maximum ASEA drawdown of -44.16%. Use the drawdown chart below to compare losses from any high point for INDH and ASEA.

Drawdown Indicators

	INDH	ASEA	Difference
Max Drawdown Largest peak-to-trough decline	-15.05%	-44.16%	+29.11%
Max Drawdown (1Y) Largest decline over 1 year	-12.94%	-8.28%	-4.66%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.20%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.20%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-44.16%	—
Current Drawdown Current decline from peak	-10.96%	-2.81%	-8.15%
Average Drawdown Average peak-to-trough decline	-5.67%	-10.66%	+4.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.68%	2.99%	+1.69%

Volatility

INDH vs. ASEA - Volatility Comparison

WisdomTree India Hedged Equity Fund (INDH) has a higher volatility of 4.02% compared to Global X FTSE Southeast Asia ETF (ASEA) at 3.40%. This indicates that INDH's price experiences larger fluctuations and is considered to be riskier than ASEA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	INDH	ASEA	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.02%	3.40%	+0.62%
Volatility (6M) Calculated over the trailing 6-month period	11.50%	11.20%	+0.30%
Volatility (1Y) Calculated over the trailing 1-year period	12.93%	14.01%	-1.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.43%	14.66%	-0.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.43%	17.59%	-3.16%

INDH vs. ASEA - Expense Ratio Comparison

INDH has a 0.64% expense ratio, which is lower than ASEA's 0.65% expense ratio.

Dividends

INDH vs. ASEA - Dividend Comparison

INDH's dividend yield for the trailing twelve months is around 5.77%, more than ASEA's 3.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASEA Global X FTSE Southeast Asia ETF	3.61%	3.95%	3.61%	3.76%	2.23%	4.19%	2.27%	2.51%	3.08%	1.59%	2.78%	3.64%
INDH WisdomTree India Hedged Equity Fund	5.77%	5.25%	0.31%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both INDH and ASEA in my portfolio?

INDH and ASEA have a correlation of 0.37, 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 ASEA?

INDH has higher volatility (4.02%) compared to ASEA (3.40%). In terms of maximum drawdown, INDH dropped -15.05% vs ASEA's -44.16%.

Which ETF is better, INDH or ASEA?

On 1-year performance, ASEA leads with 26.01% vs -4.33% for INDH. On fees, INDH is cheaper at 0.64% per year. On volatility, ASEA has been the lower-risk option at 3.40%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, INDH or ASEA?

Over the 1-year period, ASEA has performed better with a 26.01% return vs -4.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, INDH or ASEA?

INDH is cheaper with a 0.64% expense ratio, compared with 0.65% for ASEA.

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

INDH has the higher dividend yield at 5.77%, compared with 3.61% for ASEA.

What is the main difference between INDH and ASEA?

INDH tracks WisdomTree India Hedged Equity Index, while ASEA tracks FTSE/ASEAN 40 Index. They also come from different issuers: WisdomTree and Global X. Their fees differ too: 0.64% for INDH and 0.65% for ASEA.

Which has better risk-adjusted returns?

ASEA currently has the higher Sharpe Ratio (1.87 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.