INDH vs. EWS
INDH (WisdomTree India Hedged Equity Fund) and EWS (iShares MSCI Singapore ETF) are both exchange-traded funds - INDH is a India Equities fund tracking the WisdomTree India Hedged Equity Index, while EWS is a Asia Pacific Equities fund tracking the MSCI Singapore 25/50 Index. Both are passively managed. Over the past year, INDH returned -2.60% vs 26.92% for EWS. Their 0.33 correlation means their historical movements had little consistent relationship. INDH charges 0.64%/yr vs 0.50%/yr for EWS.
Performance
INDH vs. EWS - Performance Comparison
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Returns By Period
In the year-to-date period, INDH achieves a -6.93% return, which is significantly lower than EWS's 19.46% return.
INDH
- 1D
- -0.39%
- 1M
- -0.07%
- 6M
- -4.34%
- YTD
- -6.93%
- 1Y
- -2.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 1.94%
EWS
- 1D
- -0.40%
- 1M
- 7.03%
- 6M
- 16.49%
- YTD
- 19.46%
- 1Y
- 26.92%
- 3Y*
- 22.85%
- 5Y*
- 11.82%
- 10Y*
- 8.70%
- ALL TIME*
- 4.24%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $34.51M | $34.58M | $29.31M | |
| $20.02K | $17.53K | $22.76K |
INDH vs. EWS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
INDH WisdomTree India Hedged Equity Fund | -6.93% | 6.76% | 5.03% |
EWS iShares MSCI Singapore ETF | 19.46% | 31.35% | 19.42% |
Correlation
The correlation between INDH and EWS is 0.35, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.35 |
Correlation (All Time) Calculated using the full available price history since May 9, 2024 | 0.33 |
INDH vs. EWS - Sectors Allocation Comparison
Sectors
INDH
EWS
Financial Services
Consumer Cyclical
Energy
-
Basic Materials
-
Technology
Industrials
Consumer Defensive
Healthcare
-
Utilities
Communication Services
Real Estate
Financial Services
INDH
EWS
Consumer Cyclical
INDH
EWS
Energy
INDH
EWS
-
Basic Materials
INDH
EWS
-
Technology
INDH
EWS
Industrials
INDH
EWS
Consumer Defensive
INDH
EWS
Healthcare
INDH
EWS
-
Utilities
INDH
EWS
Communication Services
INDH
EWS
Real Estate
INDH
EWS
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Return for Risk
INDH vs. EWS — Risk / Return Rank
INDH
EWS
INDH vs. EWS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree India Hedged Equity Fund (INDH) and iShares MSCI Singapore ETF (EWS). 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 | EWS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.96 | ||
| Sortino ratioReturn per unit of downside risk | -2.66 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.31 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | 3.50 | -3.70 |
| Martin ratioReturn relative to average drawdown | -0.46 | 8.50 | -8.96 |
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Drawdowns
INDH vs. EWS - Drawdown Comparison
The maximum INDH drawdown since its inception was -15.05%, smaller than the maximum EWS drawdown of -75.13%. Use the drawdown chart below to compare losses from any high point for INDH and EWS.
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Drawdown Indicators
| INDH | EWS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.05% | -75.13% | +60.08% |
Max Drawdown (1Y)Largest decline over 1 year | -12.94% | -7.82% | -5.12% |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.34% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.06% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.84% | — |
Current DrawdownCurrent decline from peak | -9.00% | -0.40% | -8.60% |
Average DrawdownAverage peak-to-trough decline | -5.96% | -21.89% | +15.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.63% | 3.21% | +2.42% |
Volatility
INDH vs. EWS - Volatility Comparison
The current volatility for WisdomTree India Hedged Equity Fund (INDH) is 3.20%, while iShares MSCI Singapore ETF (EWS) has a volatility of 4.19%. This indicates that INDH experiences smaller price fluctuations and is considered to be less risky than EWS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| INDH | EWS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.20% | 4.19% | -0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 11.93% | 12.07% | -0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.36% | 15.57% | -2.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.24% | 17.27% | -3.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.24% | 17.94% | -3.70% |
INDH vs. EWS - Expense Ratio Comparison
INDH has a 0.64% expense ratio, which is higher than EWS's 0.50% expense ratio.
Dividends
INDH vs. EWS - Dividend Comparison
INDH's dividend yield for the trailing twelve months is around 5.64%, more than EWS's 3.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWS iShares MSCI Singapore ETF | 3.67% | 4.10% | 4.28% | 6.50% | 2.56% | 6.00% | 2.68% | 4.70% | 4.21% | 3.46% | 3.96% | 4.20% |
INDH WisdomTree India Hedged Equity Fund | 5.64% | 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
INDH and EWS have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EWS has higher volatility (4.19%) compared to INDH (3.20%). In terms of maximum drawdown, INDH dropped -15.05% vs EWS's -75.13%.
On 1-year performance, EWS leads with 26.92% vs -2.60% for INDH. On fees, EWS is cheaper at 0.50% per year. On volatility, INDH has been the lower-risk option at 3.20%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EWS has performed better with a 26.92% return vs -2.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EWS is cheaper with a 0.50% expense ratio, compared with 0.64% for INDH.
INDH has the higher dividend yield at 5.64%, compared with 3.67% for EWS.
INDH is categorized as India Equities, while EWS is Asia Pacific Equities. INDH tracks WisdomTree India Hedged Equity Index, while EWS tracks MSCI Singapore 25/50 Index. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.64% for INDH and 0.50% for EWS.
EWS currently has the higher Sharpe Ratio (1.76 vs -0.20), 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.
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