INDH vs. GSEE

Last updated Apr 1, 2026

Compare and contrast key facts about WisdomTree India Hedged Equity Fund (INDH) and Goldman Sachs MarketBeta Emerging Markets Equity ETF (GSEE).

INDH and GSEE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. INDH is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree India Hedged Equity Index. It was launched on May 7, 2024. GSEE is a passively managed fund by Goldman Sachs that tracks the performance of the Solactive GBS Emerging Markets Large & Mid Cap Index. It was launched on May 12, 2020. Both INDH and GSEE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

INDH vs. GSEE - Performance Comparison

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

INDH vs. GSEE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
INDH WisdomTree India Hedged Equity Fund	-10.24%	6.76%	5.05%
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF	3.91%	33.38%	0.16%

Returns By Period

In the year-to-date period, INDH achieves a -10.24% return, which is significantly lower than GSEE's 3.91% return.

INDH

• 1D: 2.18%
• 1M: -7.60%
• YTD: -10.24%
• 6M: -5.51%
• 1Y: -1.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GSEE

• 1D: 3.26%
• 1M: -8.99%
• YTD: 3.91%
• 6M: 8.00%
• 1Y: 32.92%
• 3Y*: 15.76%
• 5Y*: 3.96%
• 10Y*: —

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

INDH vs. GSEE - Expense Ratio Comparison

INDH has a 0.64% expense ratio, which is higher than GSEE's 0.36% expense ratio.

INDH

WisdomTree India Hedged Equity Fund

GSEE

Goldman Sachs MarketBeta Emerging Markets Equity ETF

Return for Risk

INDH vs. GSEE — Risk / Return Rank

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

INDH

INDH Risk / Return Rank: 8
INDH Sharpe Ratio Rank: 9
INDH Sortino Ratio Rank: 8
INDH Omega Ratio Rank: 8
INDH Calmar Ratio Rank: 9
INDH Martin Ratio Rank: 6

GSEE

GSEE Risk / Return Rank: 85
GSEE Sharpe Ratio Rank: 85
GSEE Sortino Ratio Rank: 86
GSEE Omega Ratio Rank: 84
GSEE Calmar Ratio Rank: 84
GSEE Martin Ratio Rank: 84

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. GSEE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree India Hedged Equity Fund (INDH) and Goldman Sachs MarketBeta Emerging Markets Equity ETF (GSEE). 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	GSEE	Difference
Sharpe ratio Return per unit of total volatility	-0.14	1.69	-1.83
Sortino ratio Return per unit of downside risk	-0.10	2.33	-2.43
Omega ratio Gain probability vs. loss probability	0.99	1.33	-0.34
Calmar ratio Return relative to maximum drawdown	-0.18	2.49	-2.67
Martin ratio Return relative to average drawdown	-0.69	9.61	-10.29
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. GSEE - Sharpe Ratio Comparison

The current INDH Sharpe Ratio is -0.14, which is lower than the GSEE Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of INDH and GSEE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	INDH	GSEE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.14	1.69	-1.83
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.22	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.02	0.60	-0.57

Correlation

The correlation between INDH and GSEE is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

INDH vs. GSEE - Dividend Comparison

INDH's dividend yield for the trailing twelve months is around 5.85%, more than GSEE's 2.43% yield.

	TTM	2025	2024	2023	2022	2021	2020
INDH WisdomTree India Hedged Equity Fund	5.85%	5.25%	0.31%	0.00%	0.00%	0.00%	0.00%
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF	2.43%	2.53%	2.79%	3.07%	3.05%	6.10%	2.41%

Drawdowns

INDH vs. GSEE - Drawdown Comparison

The maximum INDH drawdown since its inception was -15.05%, smaller than the maximum GSEE drawdown of -37.51%. Use the drawdown chart below to compare losses from any high point for INDH and GSEE.

Drawdown Indicators

	INDH	GSEE	Difference
Max Drawdown Largest peak-to-trough decline	-15.05%	-37.51%	+22.46%
Max Drawdown (1Y) Largest decline over 1 year	-12.94%	-13.05%	+0.11%
Max Drawdown (5Y) Largest decline over 5 years	—	-35.06%	—
Current Drawdown Current decline from peak	-12.24%	-10.22%	-2.02%
Average Drawdown Average peak-to-trough decline	-5.36%	-15.10%	+9.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.40%	3.38%	+0.02%

Volatility

INDH vs. GSEE - Volatility Comparison

The current volatility for WisdomTree India Hedged Equity Fund (INDH) is 7.80%, while Goldman Sachs MarketBeta Emerging Markets Equity ETF (GSEE) has a volatility of 9.92%. This indicates that INDH experiences smaller price fluctuations and is considered to be less risky than GSEE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	INDH	GSEE	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.80%	9.92%	-2.12%
Volatility (6M) Calculated over the trailing 6-month period	10.52%	14.49%	-3.97%
Volatility (1Y) Calculated over the trailing 1-year period	14.13%	19.54%	-5.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.43%	17.72%	-3.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.43%	18.04%	-3.61%