INDH vs. INCO

Last updated Aug 4, 2026

INDH (WisdomTree India Hedged Equity Fund) and INCO (Columbia India Consumer ETF) are both India Equities funds - INDH tracks the WisdomTree India Hedged Equity Index while INCO tracks the Indxx India Consumer Index. Both are passively managed. Over the past year, INDH returned -2.19% vs -2.08% for INCO. Their 0.74 correlation means they have sometimes moved together and sometimes differently. INDH charges 0.64%/yr vs 0.75%/yr for INCO.

Performance

INDH vs. INCO - Performance Comparison

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

Returns By Period

In the year-to-date period, INDH achieves a -6.53% return, which is significantly lower than INCO's -4.14% return.

INDH

• 1D: 0.42%
• 1M: 0.35%
• 6M: -5.82%
• YTD: -6.53%
• 1Y: -2.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 2.12%

INCO

• 1D: 0.96%
• 1M: 2.92%
• 6M: -2.33%
• YTD: -4.14%
• 1Y: -2.08%
• 3Y*: 8.48%
• 5Y*: 7.47%
• 10Y*: 8.21%
• ALL TIME*: 9.53%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
INCO Columbia India Consumer ETF	$2.43M	$1.91M	$1.89M
INDH WisdomTree India Hedged Equity Fund	$19.43K	$17.39K	$23.08K

INDH vs. INCO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
INDH WisdomTree India Hedged Equity Fund	-6.53%	6.76%	5.03%
INCO Columbia India Consumer ETF	-4.14%	0.59%	0.99%

Correlation

The correlation between INDH and INCO is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.78
Correlation (All Time) Calculated using the full available price history since May 9, 2024	0.74

The correlation between INDH and INCO has been stable across timeframes, ranging from 0.74 to 0.78 - a consistent structural relationship.

INDH vs. INCO - Sectors Allocation Comparison

Sectors	INDH	INCO
Financial Services	24.5%	-
Consumer Cyclical	13.4%	61.2%
Energy	12.3%	-
Basic Materials	9.0%	-
Technology	8.9%	0.8%
Industrials	7.8%	1.4%
Consumer Defensive	7.3%	36.0%
Healthcare	6.1%	2.0%
Utilities	5.5%	-
Communication Services	4.9%	-
Real Estate	0.4%	-

Return for Risk

INDH vs. INCO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

INDH

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

INCO

INCO Risk / Return Rank: 9
INCO Sharpe Ratio Rank: 9
INCO Sortino Ratio Rank: 9
INCO Omega Ratio Rank: 9
INCO Calmar Ratio Rank: 10
INCO Martin Ratio Rank: 10

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

INDH vs. INCO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree India Hedged Equity Fund (INDH) and Columbia India Consumer ETF (INCO). 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	INCO	Difference
Sharpe ratio: Return per unit of total volatility	-0.16	-0.12	-0.04
Sortino ratio: Return per unit of downside risk	-0.14	-0.05	-0.09
Omega ratio: Gain probability vs. loss probability	0.98	0.99	-0.01
Calmar ratio: Return relative to maximum drawdown	-0.17	-0.10	-0.07
Martin ratio: Return relative to average drawdown	-0.39	-0.22	-0.17

INDH vs. INCO - Sharpe Ratio Comparison

The current INDH Sharpe Ratio is -0.16, which is lower than the INCO Sharpe Ratio of -0.12. The chart below compares the historical Sharpe Ratios of INDH and INCO, 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. INCO - Drawdown Comparison

The maximum INDH drawdown since its inception was -15.05%, smaller than the maximum INCO drawdown of -47.69%. Use the drawdown chart below to compare losses from any high point for INDH and INCO.

Drawdown Indicators

	INDH	INCO	Difference
Max Drawdown Largest peak-to-trough decline	-15.05%	-47.69%	+32.64%
Max Drawdown (1Y) Largest decline over 1 year	-12.94%	-21.37%	+8.43%
Max Drawdown (3Y) Largest decline over 3 years	—	-29.98%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-29.98%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-47.69%	—
Current Drawdown Current decline from peak	-8.62%	-18.36%	+9.74%
Average Drawdown Average peak-to-trough decline	-5.96%	-10.69%	+4.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.65%	9.67%	-4.02%

Volatility

INDH vs. INCO - Volatility Comparison

The current volatility for WisdomTree India Hedged Equity Fund (INDH) is 3.12%, while Columbia India Consumer ETF (INCO) has a volatility of 3.97%. This indicates that INDH experiences smaller price fluctuations and is considered to be less risky than INCO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	INDH	INCO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.12%	3.97%	-0.85%
Volatility (6M) Calculated over the trailing 6-month period	11.94%	14.48%	-2.54%
Volatility (1Y) Calculated over the trailing 1-year period	13.39%	17.24%	-3.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.23%	17.00%	-2.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.23%	20.30%	-6.07%

INDH vs. INCO - Expense Ratio Comparison

INDH has a 0.64% expense ratio, which is lower than INCO's 0.75% expense ratio.

Dividends

INDH vs. INCO - Dividend Comparison

INDH's dividend yield for the trailing twelve months is around 5.62%, while INCO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
INCO Columbia India Consumer ETF	0.00%	0.00%	2.88%	3.81%	10.57%	6.25%	0.34%	0.28%	0.12%	0.05%	0.09%
INDH WisdomTree India Hedged Equity Fund	5.62%	5.25%	0.31%	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 INCO in my portfolio?

INDH and INCO have a correlation of 0.78, 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 INCO?

INCO has higher volatility (3.97%) compared to INDH (3.12%). In terms of maximum drawdown, INDH dropped -15.05% vs INCO's -47.69%.

Which ETF is better, INDH or INCO?

On 1-year performance, INCO leads with -2.08% vs -2.19% for INDH. On fees, INDH is cheaper at 0.64% per year. On volatility, INDH has been the lower-risk option at 3.12%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, INDH or INCO?

Over the 1-year period, INCO has performed better with a -2.08% return vs -2.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, INDH or INCO?

INDH is cheaper with a 0.64% expense ratio, compared with 0.75% for INCO.

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

INDH has the higher dividend yield at 5.62%, compared with 0.00% for INCO.

What is the main difference between INDH and INCO?

INDH tracks WisdomTree India Hedged Equity Index, while INCO tracks Indxx India Consumer Index. They also come from different issuers: WisdomTree and Ameriprise Financial. Their fees differ too: 0.64% for INDH and 0.75% for INCO.

Which has better risk-adjusted returns?

INCO currently has the higher Sharpe Ratio (-0.12 vs -0.16), 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.