INQQ vs. INDH

Last updated Jun 4, 2026

INQQ (India Internet & Ecommerce ETF) and INDH (WisdomTree India Hedged Equity Fund) are both Asia Pacific Equities funds - INQQ tracks the INQQ The India Internet & Ecommerce Index - Benchmark TR Gross while INDH tracks the WisdomTree India Hedged Equity Index. Both are passively managed. Over the past year, INQQ returned -23.27% vs -4.33% for INDH. A 0.65 correlation means they provide meaningful diversification when combined. INQQ charges 0.86%/yr vs 0.64%/yr for INDH.

Performance

INQQ vs. INDH - Performance Comparison

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

Returns By Period

In the year-to-date period, INQQ achieves a -18.74% return, which is significantly lower than INDH's -8.93% return.

INQQ

• 1D: -2.04%
• 1M: -5.82%
• YTD: -18.74%
• 6M: -20.28%
• 1Y: -23.27%
• 3Y*: 2.70%
• 5Y*: —
• 10Y*: —

INDH

• 1D: -0.91%
• 1M: -2.65%
• YTD: -8.93%
• 6M: -8.40%
• 1Y: -4.33%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

INQQ vs. INDH - Yearly Performance Comparison

	2026 (YTD)	2025	2024
INQQ India Internet & Ecommerce ETF	-18.74%	-7.05%	15.26%
INDH WisdomTree India Hedged Equity Fund	-8.93%	6.76%	5.05%

Correlation

The correlation between INQQ and INDH is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.67
Correlation (All Time) Calculated using the full available price history since May 10, 2024	0.65

The correlation between INQQ and INDH has been stable across timeframes, ranging from 0.65 to 0.67 - a consistent structural relationship.

INQQ vs. INDH - Sectors Allocation Comparison

Sectors	INQQ	INDH
Financial Services	35.3%	23.5%
Consumer Cyclical	26.7%	12.9%
Technology	12.6%	10.0%
Communication Services	8.7%	4.8%
Energy	8.2%	13.0%
Healthcare	6.4%	5.6%
Consumer Defensive	2.1%	7.6%
Basic Materials	-	9.1%
Industrials	-	7.4%
Real Estate	-	0.4%
Utilities	-	5.8%

Return for Risk

INQQ vs. INDH — Risk / Return Rank

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

INQQ

INQQ Risk / Return Rank: 1
INQQ Sharpe Ratio Rank: 0
INQQ Sortino Ratio Rank: 1
INQQ Omega Ratio Rank: 1
INQQ Calmar Ratio Rank: 2
INQQ Martin Ratio Rank: 1

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

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.

INQQ vs. INDH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for India Internet & Ecommerce ETF (INQQ) and WisdomTree India Hedged Equity Fund (INDH). 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.

	INQQ	INDH	Difference
Sharpe ratio Return per unit of total volatility	-1.33	-0.34	-1.00
Sortino ratio Return per unit of downside risk	-1.92	-0.39	-1.53
Omega ratio Gain probability vs. loss probability	0.78	0.95	-0.17
Calmar ratio Return relative to maximum drawdown	-0.77	-0.34	-0.43
Martin ratio Return relative to average drawdown	-1.64	-0.93	-0.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

INQQ vs. INDH - Sharpe Ratio Comparison

The current INQQ Sharpe Ratio is -1.33, which is lower than the INDH Sharpe Ratio of -0.34. The chart below compares the historical Sharpe Ratios of INQQ and INDH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	INQQ	INDH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.33	-0.34	-1.00
Sharpe Ratio (All Time) Calculated using the full available price history	-0.30	0.07	-0.38

Drawdowns

INQQ vs. INDH - Drawdown Comparison

The maximum INQQ drawdown since its inception was -40.53%, which is greater than INDH's maximum drawdown of -15.05%. Use the drawdown chart below to compare losses from any high point for INQQ and INDH.

Drawdown Indicators

	INQQ	INDH	Difference
Max Drawdown Largest peak-to-trough decline	-40.53%	-15.05%	-25.48%
Max Drawdown (1Y) Largest decline over 1 year	-30.41%	-12.94%	-17.47%
Max Drawdown (3Y) Largest decline over 3 years	-32.45%	—	—
Current Drawdown Current decline from peak	-28.49%	-10.96%	-17.53%
Average Drawdown Average peak-to-trough decline	-17.05%	-5.67%	-11.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.20%	4.68%	+9.52%

Volatility

INQQ vs. INDH - Volatility Comparison

India Internet & Ecommerce ETF (INQQ) has a higher volatility of 5.84% compared to WisdomTree India Hedged Equity Fund (INDH) at 4.02%. This indicates that INQQ's price experiences larger fluctuations and is considered to be riskier than INDH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	INQQ	INDH	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.84%	4.02%	+1.82%
Volatility (6M) Calculated over the trailing 6-month period	14.60%	11.50%	+3.10%
Volatility (1Y) Calculated over the trailing 1-year period	17.52%	12.93%	+4.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.97%	14.43%	+5.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.97%	14.43%	+5.54%

INQQ vs. INDH - Expense Ratio Comparison

INQQ has a 0.86% expense ratio, which is higher than INDH's 0.64% expense ratio.

Dividends

INQQ vs. INDH - Dividend Comparison

INQQ's dividend yield for the trailing twelve months is around 2.74%, less than INDH's 5.77% yield.

Position	TTM	2025	2024	2023
INDH WisdomTree India Hedged Equity Fund	5.77%	5.25%	0.31%	0.00%
INQQ India Internet & Ecommerce ETF	2.74%	2.23%	1.18%	0.04%

Frequently Asked Questions

Can I hold both INQQ and INDH in my portfolio?

INQQ and INDH have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, INQQ or INDH?

INQQ has higher volatility (5.84%) compared to INDH (4.02%). In terms of maximum drawdown, INQQ dropped -40.53% vs INDH's -15.05%.

Which ETF is better, INQQ or INDH?

On 1-year performance, INDH leads with -4.33% vs -23.27% for INQQ. On fees, INDH is cheaper at 0.64% per year. On volatility, INDH has been the lower-risk option at 4.02%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, INQQ or INDH?

Over the 1-year period, INDH has performed better with a -4.33% return vs -23.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, INQQ or INDH?

INDH is cheaper with a 0.64% expense ratio, compared with 0.86% for INQQ.

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

INDH has the higher dividend yield at 5.77%, compared with 2.74% for INQQ.

What is the main difference between INQQ and INDH?

INQQ tracks INQQ The India Internet & Ecommerce Index - Benchmark TR Gross, while INDH tracks WisdomTree India Hedged Equity Index. They also come from different issuers: India and WisdomTree. Their fees differ too: 0.86% for INQQ and 0.64% for INDH.

Which has better risk-adjusted returns?

INDH currently has the higher Sharpe Ratio (-0.34 vs -1.33), 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.