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INQQ vs. EPI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

INQQ vs. EPI

Last updated Aug 2, 2026
Documentation

INQQ (INQQ The India Internet ETF) and EPI (WisdomTree India Earnings Fund) are both India Equities funds - INQQ tracks the INQQ The India Internet & Ecommerce Index - Benchmark TR Gross while EPI tracks the WisdomTree India Earnings Index. Both are passively managed. Over the past 3 years, INQQ returned 2.99%/yr vs 5.78%/yr for EPI. Their 0.75 correlation means they have sometimes moved together and sometimes differently. INQQ charges 0.86%/yr vs 0.84%/yr for EPI.

Performance

INQQ vs. EPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in INQQ The India Internet ETF (INQQ) and WisdomTree India Earnings Fund (EPI). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, INQQ achieves a -9.24% return, which is significantly lower than EPI's -7.13% return.

INQQ

1D
0.71%
1M
1.78%
6M
-1.28%
YTD
-9.24%
1Y
-13.28%
3Y*
2.99%
5Y*
—
10Y*
—
ALL TIME*
-3.37%

EPI

1D
0.07%
1M
0.16%
6M
-4.00%
YTD
-7.13%
1Y
-3.95%
3Y*
5.78%
5Y*
6.02%
10Y*
8.68%
ALL TIME*
3.91%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

EPI

WisdomTree India Earnings Fund
$17.75M$16.45M$21.29M

INQQ

INQQ The India Internet ETF
$156.31K$248.20K$372.41K

INQQ vs. EPI - Yearly Performance Comparison

2026 (YTD)2025202420232022
INQQ
INQQ The India Internet ETF		-9.24%-7.05%19.12%31.45%-34.72%
EPI
WisdomTree India Earnings Fund		-7.13%2.25%10.70%26.03%-7.70%

Correlation

The correlation between INQQ and EPI is 0.77, 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.

0.77

Correlation (3Y)
Balances recent behavior with more history.

0.76

Correlation (All Time)
Calculated using the full available price history since Apr 6, 2022

0.75

The correlation between INQQ and EPI has been stable across timeframes, ranging from 0.75 to 0.77 - a consistent structural relationship.

INQQ vs. EPI - Sectors Allocation Comparison

Sectors
INQQ
EPI

Consumer Cyclical

35.9%
7.7%

Financial Services

30.2%
24.3%

Technology

10.5%
7.5%

Communication Services

9.6%
2.0%

Energy

7.5%
15.6%

Healthcare

4.7%
6.1%

Consumer Defensive

1.6%
3.4%

Basic Materials

-

14.3%

Industrials

-

10.1%

Real Estate

-

0.9%

Utilities

-

8.0%

Consumer Cyclical

INQQ
35.9%
EPI
7.7%

Financial Services

INQQ
30.2%
EPI
24.3%

Technology

INQQ
10.5%
EPI
7.5%

Communication Services

INQQ
9.6%
EPI
2.0%

Energy

INQQ
7.5%
EPI
15.6%

Healthcare

INQQ
4.7%
EPI
6.1%

Consumer Defensive

INQQ
1.6%
EPI
3.4%

Basic Materials

INQQ

-

EPI
14.3%

Industrials

INQQ

-

EPI
10.1%

Real Estate

INQQ

-

EPI
0.9%

Utilities

INQQ

-

EPI
8.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

INQQ The India Internet ETF

WisdomTree India Earnings Fund

Often compared with INQQ:
INQQ vs. DGININQQ vs. INCOINQQ vs. FLININQQ vs. INDAINQQ vs. EYLDINQQ vs. INDYINQQ vs. VWO
Often compared with EPI:
EPI vs. INDAEPI vs. FLINEPI vs. INDYEPI vs. SMINEPI vs. NFTYEPI vs. GLINEPI vs. INCO

Return for Risk

INQQ vs. EPI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
INQQ
INQQ Risk / Return Rank: 44
Overall Rank
INQQ Sharpe Ratio Rank: 33
Sharpe Ratio Rank
INQQ Sortino Ratio Rank: 33
Sortino Ratio Rank
INQQ Omega Ratio Rank: 33
Omega Ratio Rank
INQQ Calmar Ratio Rank: 66
Calmar Ratio Rank
INQQ Martin Ratio Rank: 66
Martin Ratio Rank
EPI
EPI Risk / Return Rank: 77
Overall Rank
EPI Sharpe Ratio Rank: 77
Sharpe Ratio Rank
EPI Sortino Ratio Rank: 77
Sortino Ratio Rank
EPI Omega Ratio Rank: 77
Omega Ratio Rank
EPI Calmar Ratio Rank: 88
Calmar Ratio Rank
EPI Martin Ratio Rank: 77
Martin Ratio Rank
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.

INQQ vs. EPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for INQQ The India Internet ETF (INQQ) and WisdomTree India Earnings Fund (EPI). 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.

INQQEPIDifference
Sharpe ratioReturn per unit of total volatility
-0.73
-0.26

-0.47

Sortino ratioReturn per unit of downside risk
-0.98
-0.27

-0.71

Omega ratioGain probability vs. loss probability

0.89

0.97

-0.08

Calmar ratioReturn relative to maximum drawdown

-0.44

-0.25

-0.19

Martin ratioReturn relative to average drawdown

-0.82

-0.59

-0.23

INQQ vs. EPI - Sharpe Ratio Comparison

The current INQQ Sharpe Ratio is -0.73, which is lower than the EPI Sharpe Ratio of -0.26. The chart below compares the historical Sharpe Ratios of INQQ and EPI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

INQQ vs. EPI - Drawdown Comparison

The maximum INQQ drawdown since its inception was -40.53%, smaller than the maximum EPI drawdown of -66.21%. Use the drawdown chart below to compare losses from any high point for INQQ and EPI.

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Drawdown Indicators

INQQEPIDifference

Max Drawdown

Largest peak-to-trough decline

-40.53%

-66.21%

+25.68%

Max Drawdown (1Y)

Largest decline over 1 year

-30.07%

-15.69%

-14.38%

Max Drawdown (3Y)

Largest decline over 3 years

-32.45%

-21.89%

-10.56%

Max Drawdown (5Y)

Largest decline over 5 years

—

-21.89%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-50.29%

—

Current Drawdown

Current decline from peak

-20.13%

-15.19%

-4.94%

Average Drawdown

Average peak-to-trough decline

-17.28%

-18.63%

+1.35%

Ulcer Index

Depth and duration of drawdowns from previous peaks

16.21%

6.67%

+9.54%

Volatility

INQQ vs. EPI - Volatility Comparison

INQQ The India Internet ETF (INQQ) has a higher volatility of 5.80% compared to WisdomTree India Earnings Fund (EPI) at 3.62%. This indicates that INQQ's price experiences larger fluctuations and is considered to be riskier than EPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

INQQEPIDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.80%

3.62%

+2.18%

Volatility (6M)

Calculated over the trailing 6-month period

15.41%

13.01%

+2.40%

Volatility (1Y)

Calculated over the trailing 1-year period

18.23%

15.28%

+2.95%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.94%

16.29%

+3.65%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.94%

20.27%

-0.33%

INQQ vs. EPI - Expense Ratio Comparison

INQQ has a 0.86% expense ratio, which is higher than EPI's 0.84% expense ratio.

Dividends

INQQ vs. EPI - Dividend Comparison

INQQ's dividend yield for the trailing twelve months is around 2.46%, while EPI has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
EPI
WisdomTree India Earnings Fund		0.00%0.00%0.27%0.15%6.01%1.18%0.78%1.17%1.18%0.85%1.05%1.20%
INQQ
INQQ The India Internet ETF		2.46%2.23%1.18%0.04%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

INQQ and EPI have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

INQQ has higher volatility (5.80%) compared to EPI (3.62%). In terms of maximum drawdown, INQQ dropped -40.53% vs EPI's -66.21%.

On 3-year performance, EPI leads with 5.78% vs 2.99% for INQQ. On fees, EPI is cheaper at 0.84% per year. On volatility, EPI has been the lower-risk option at 3.62%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, EPI has performed better with a 5.78% return vs 2.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

EPI is cheaper with a 0.84% expense ratio, compared with 0.86% for INQQ.

INQQ has the higher dividend yield at 2.46%, compared with 0.00% for EPI.

INQQ tracks INQQ The India Internet & Ecommerce Index - Benchmark TR Gross, while EPI tracks WisdomTree India Earnings Index. They also come from different issuers: EMQQ Global and WisdomTree. Their fees differ too: 0.86% for INQQ and 0.84% for EPI.

EPI currently has the higher Sharpe Ratio (-0.26 vs -0.73), 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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