INDH vs. PIT

Last updated Jun 24, 2026

INDH (WisdomTree India Hedged Equity Fund) and PIT (VanEck Commodity Strategy ETF) are both exchange-traded funds - INDH is a Asia Pacific Equities fund tracking the WisdomTree India Hedged Equity Index, while PIT is a Commodities fund actively managed by VanEck. INDH is passively managed, while PIT is actively managed. Over the past year, INDH returned -4.84% vs 39.64% for PIT. At a correlation of -0.05, they often move in opposite directions. INDH charges 0.64%/yr vs 0.55%/yr for PIT.

Performance

INDH vs. PIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree India Hedged Equity Fund (INDH) and VanEck Commodity Strategy ETF (PIT). 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 PIT's 25.62% return.

INDH

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

PIT

• 1D: -1.32%
• 1M: -11.78%
• YTD: 25.62%
• 6M: 23.58%
• 1Y: 39.64%
• 3Y*: 18.98%
• 5Y*: —
• 10Y*: —

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

INDH vs. PIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
INDH WisdomTree India Hedged Equity Fund	-7.48%	6.76%	5.03%
PIT VanEck Commodity Strategy ETF	25.62%	21.63%	0.16%

Correlation

The correlation between INDH and PIT is -0.20, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.20
Correlation (All Time) Calculated using the full available price history since May 9, 2024	-0.05

The correlation between INDH and PIT shifts across timeframes, from -0.20 (1 year) to -0.05 (all time), reflecting how their relationship changes across market environments.

Return for Risk

INDH vs. PIT — 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

PIT

PIT Risk / Return Rank: 57
PIT Sharpe Ratio Rank: 59
PIT Sortino Ratio Rank: 52
PIT Omega Ratio Rank: 56
PIT Calmar Ratio Rank: 56
PIT Martin Ratio Rank: 63

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. PIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree India Hedged Equity Fund (INDH) and VanEck Commodity Strategy ETF (PIT). 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	PIT	Difference
Sharpe ratio: Return per unit of total volatility	-0.37	1.85	-2.22
Sortino ratio: Return per unit of downside risk	-0.44	2.40	-2.83
Omega ratio: Gain probability vs. loss probability	0.95	1.33	-0.38
Calmar ratio: Return relative to maximum drawdown	-0.38	2.62	-3.00
Martin ratio: Return relative to average drawdown	-0.95	10.88	-11.83

INDH vs. PIT - Sharpe Ratio Comparison

The current INDH Sharpe Ratio is -0.37, which is lower than the PIT Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of INDH and PIT, 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. PIT - Drawdown Comparison

The maximum INDH drawdown since its inception was -15.05%, roughly equal to the maximum PIT drawdown of -15.19%. Use the drawdown chart below to compare losses from any high point for INDH and PIT.

Drawdown Indicators

	INDH	PIT	Difference
Max Drawdown Largest peak-to-trough decline	-15.05%	-15.19%	+0.14%
Max Drawdown (1Y) Largest decline over 1 year	-12.94%	-15.19%	+2.25%
Max Drawdown (3Y) Largest decline over 3 years	—	-15.19%	—
Current Drawdown Current decline from peak	-9.54%	-15.19%	+5.65%
Average Drawdown Average peak-to-trough decline	-5.77%	-4.08%	-1.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.12%	3.66%	+1.46%

Volatility

INDH vs. PIT - Volatility Comparison

The current volatility for WisdomTree India Hedged Equity Fund (INDH) is 3.78%, while VanEck Commodity Strategy ETF (PIT) has a volatility of 4.72%. This indicates that INDH experiences smaller price fluctuations and is considered to be less risky than PIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	INDH	PIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.78%	4.72%	-0.94%
Volatility (6M) Calculated over the trailing 6-month period	11.88%	19.40%	-7.52%
Volatility (1Y) Calculated over the trailing 1-year period	13.22%	21.66%	-8.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.42%	17.50%	-3.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.42%	17.50%	-3.08%

INDH vs. PIT - Expense Ratio Comparison

INDH has a 0.64% expense ratio, which is higher than PIT's 0.55% expense ratio.

Dividends

INDH vs. PIT - Dividend Comparison

INDH's dividend yield for the trailing twelve months is around 5.68%, less than PIT's 7.10% yield.

Position	TTM	2025	2024	2023
INDH WisdomTree India Hedged Equity Fund	5.68%	5.25%	0.31%	0.00%
PIT VanEck Commodity Strategy ETF	7.10%	8.92%	3.59%	6.44%

Frequently Asked Questions

Can I hold both INDH and PIT in my portfolio?

INDH and PIT have a correlation of -0.20, 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 PIT?

PIT has higher volatility (4.72%) compared to INDH (3.78%). In terms of maximum drawdown, INDH dropped -15.05% vs PIT's -15.19%.

Which ETF is better, INDH or PIT?

On 1-year performance, PIT leads with 39.64% vs -4.84% for INDH. On fees, PIT is cheaper at 0.55% 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 PIT?

Over the 1-year period, PIT has performed better with a 39.64% 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 PIT?

PIT is cheaper with a 0.55% expense ratio, compared with 0.64% for INDH.

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

PIT has the higher dividend yield at 7.10%, compared with 5.68% for INDH.

What is the main difference between INDH and PIT?

INDH is categorized as Asia Pacific Equities, while PIT is Commodities. They also come from different issuers: WisdomTree and VanEck. Their fees differ too: 0.64% for INDH and 0.55% for PIT.

Which has better risk-adjusted returns?

PIT currently has the higher Sharpe Ratio (1.85 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.