INDQ vs. INDE
INDQ (Pacer ActiveAlpha India Quality ETF) and INDE (Matthews India Active ETF) are both India Equities funds. Both are actively managed. Their correlation of 0.80 suggests significant overlap in exposure. INDQ charges 0.88%/yr vs 0.79%/yr for INDE.
Performance
INDQ vs. INDE - Performance Comparison
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Returns By Period
INDQ
- 1D
- -0.53%
- 1M
- -0.66%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
INDE
- 1D
- -0.77%
- 1M
- 7.25%
- 6M
- -1.52%
- YTD
- -1.96%
- 1Y
- -0.15%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
INDQ vs. INDE - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
INDQ Pacer ActiveAlpha India Quality ETF | 3.17% |
INDE Matthews India Active ETF | 13.77% |
Correlation
The correlation between INDQ and INDE is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Apr 1, 2026 | 0.80 |
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Return for Risk
INDQ vs. INDE — Risk / Return Rank
INDQ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
INDE
INDQ vs. INDE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer ActiveAlpha India Quality ETF (INDQ) and Matthews India Active ETF (INDE). 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.
| INDQ | INDE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.01 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.01 | — |
| Martin ratioReturn relative to average drawdown | — | -0.02 | — |
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Drawdowns
INDQ vs. INDE - Drawdown Comparison
The maximum INDQ drawdown since its inception was -6.55%, smaller than the maximum INDE drawdown of -22.89%. Use the drawdown chart below to compare losses from any high point for INDQ and INDE.
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Drawdown Indicators
| INDQ | INDE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.55% | -22.89% | +16.34% |
Max Drawdown (1Y)Largest decline over 1 year | — | -19.10% | — |
Current DrawdownCurrent decline from peak | -6.09% | -9.21% | +3.12% |
Average DrawdownAverage peak-to-trough decline | -3.21% | -7.64% | +4.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 7.45% | — |
Volatility
INDQ vs. INDE - Volatility Comparison
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Volatility by Period
| INDQ | INDE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.79% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 14.72% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 19.86% | 17.13% | +2.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.86% | 16.55% | +3.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.86% | 16.55% | +3.31% |
INDQ vs. INDE - Expense Ratio Comparison
INDQ has a 0.88% expense ratio, which is higher than INDE's 0.79% expense ratio.
Dividends
INDQ vs. INDE - Dividend Comparison
INDQ has not paid dividends to shareholders, while INDE's dividend yield for the trailing twelve months is around 1.79%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
INDE Matthews India Active ETF | 1.79% | 1.75% | 0.56% |
INDQ Pacer ActiveAlpha India Quality ETF | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
INDQ and INDE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, INDE is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.
INDE is cheaper with a 0.79% expense ratio, compared with 0.88% for INDQ.
INDE has the higher dividend yield at 1.79%, compared with 0.00% for INDQ.
They also come from different issuers: Pacer and Matthews. Their fees differ too: 0.88% for INDQ and 0.79% for INDE.
Find the right allocation for INDQ and INDE
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