NDIA vs. EPI

Last updated Aug 2, 2026

NDIA (Global X Funds - Global X India Active ETF) and EPI (WisdomTree India Earnings Fund) are both India Equities funds. NDIA is actively managed, while EPI is passively managed. Over the past year, NDIA returned -4.87% vs -3.95% for EPI. Their correlation of 0.90 means they have usually moved in the same direction. NDIA charges 0.76%/yr vs 0.84%/yr for EPI.

Performance

NDIA vs. EPI - Performance Comparison

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

Returns By Period

In the year-to-date period, NDIA achieves a -7.78% return, which is significantly lower than EPI's -7.13% return.

NDIA

• 1D: -0.04%
• 1M: 0.67%
• 6M: -4.20%
• YTD: -7.78%
• 1Y: -4.87%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.01%

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

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EPI WisdomTree India Earnings Fund	$17.75M	$16.45M	$21.29M
NDIA Global X Funds - Global X India Active ETF	$55.71K	$86.05K	$392.94K

NDIA vs. EPI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
NDIA Global X Funds - Global X India Active ETF	-7.78%	5.04%	5.75%	12.76%
EPI WisdomTree India Earnings Fund	-7.13%	2.25%	10.70%	15.79%

Correlation

The correlation between NDIA and EPI is 0.91, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.91
Correlation (All Time) Calculated using the full available price history since Aug 18, 2023	0.90

The correlation between NDIA and EPI has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.

NDIA vs. EPI - Sectors Allocation Comparison

Sectors	NDIA	EPI
Financial Services	32.7%	24.3%
Consumer Cyclical	11.4%	7.7%
Industrials	10.9%	10.1%
Energy	9.2%	15.6%
Basic Materials	7.8%	14.3%
Consumer Defensive	6.2%	3.4%
Technology	5.9%	7.5%
Communication Services	5.9%	2.0%
Healthcare	4.1%	6.1%
Utilities	3.2%	8.0%
Real Estate	2.8%	0.9%

Return for Risk

NDIA vs. EPI — Risk / Return Rank

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

NDIA

NDIA Risk / Return Rank: 7
NDIA Sharpe Ratio Rank: 7
NDIA Sortino Ratio Rank: 6
NDIA Omega Ratio Rank: 7
NDIA Calmar Ratio Rank: 7
NDIA Martin Ratio Rank: 7

EPI

EPI Risk / Return Rank: 7
EPI Sharpe Ratio Rank: 7
EPI Sortino Ratio Rank: 7
EPI Omega Ratio Rank: 7
EPI Calmar Ratio Rank: 8
EPI Martin Ratio Rank: 7

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.

NDIA vs. EPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Funds - Global X India Active ETF (NDIA) 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.

	NDIA	EPI	Difference
Sharpe ratio: Return per unit of total volatility	-0.30	-0.26	-0.04
Sortino ratio: Return per unit of downside risk	-0.32	-0.27	-0.06
Omega ratio: Gain probability vs. loss probability	0.96	0.97	-0.01
Calmar ratio: Return relative to maximum drawdown	-0.28	-0.25	-0.03
Martin ratio: Return relative to average drawdown	-0.65	-0.59	-0.06

NDIA vs. EPI - Sharpe Ratio Comparison

The current NDIA Sharpe Ratio is -0.30, which is comparable to the EPI Sharpe Ratio of -0.26. The chart below compares the historical Sharpe Ratios of NDIA 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.

Drawdowns

NDIA vs. EPI - Drawdown Comparison

The maximum NDIA drawdown since its inception was -22.05%, smaller than the maximum EPI drawdown of -66.21%. Use the drawdown chart below to compare losses from any high point for NDIA and EPI.

Drawdown Indicators

	NDIA	EPI	Difference
Max Drawdown Largest peak-to-trough decline	-22.05%	-66.21%	+44.16%
Max Drawdown (1Y) Largest decline over 1 year	-17.09%	-15.69%	-1.40%
Max Drawdown (3Y) Largest decline over 3 years	—	-21.89%	—
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	-14.49%	-15.19%	+0.70%
Average Drawdown Average peak-to-trough decline	-7.54%	-18.63%	+11.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.46%	6.67%	+0.79%

Volatility

NDIA vs. EPI - Volatility Comparison

Global X Funds - Global X India Active ETF (NDIA) has a higher volatility of 4.57% compared to WisdomTree India Earnings Fund (EPI) at 3.62%. This indicates that NDIA'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.

Volatility by Period

	NDIA	EPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.57%	3.62%	+0.95%
Volatility (6M) Calculated over the trailing 6-month period	14.08%	13.01%	+1.07%
Volatility (1Y) Calculated over the trailing 1-year period	16.27%	15.28%	+0.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.61%	16.29%	-0.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.61%	20.27%	-4.66%

NDIA vs. EPI - Expense Ratio Comparison

NDIA has a 0.76% expense ratio, which is lower than EPI's 0.84% expense ratio.

Dividends

NDIA vs. EPI - Dividend Comparison

NDIA's dividend yield for the trailing twelve months is around 1.19%, while EPI has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
NDIA Global X Funds - Global X India Active ETF	1.19%	1.10%	3.66%	0.28%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NDIA and EPI in my portfolio?

With a correlation of 0.91, NDIA and EPI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, NDIA or EPI?

NDIA has higher volatility (4.57%) compared to EPI (3.62%). In terms of maximum drawdown, NDIA dropped -22.05% vs EPI's -66.21%.

Which ETF is better, NDIA or EPI?

On 1-year performance, EPI leads with -3.95% vs -4.87% for NDIA. On fees, NDIA is cheaper at 0.76% 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.

Which ETF has performed better, NDIA or EPI?

Over the 1-year period, EPI has performed better with a -3.95% return vs -4.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NDIA or EPI?

NDIA is cheaper with a 0.76% expense ratio, compared with 0.84% for EPI.

Which ETF pays a higher dividend yield, NDIA or EPI?

NDIA has the higher dividend yield at 1.19%, compared with 0.00% for EPI.

What is the main difference between NDIA and EPI?

They also come from different issuers: Global X and WisdomTree. Their fees differ too: 0.76% for NDIA and 0.84% for EPI.

Which has better risk-adjusted returns?

EPI currently has the higher Sharpe Ratio (-0.26 vs -0.30), 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.