INDH vs SPY
WisdomTree India Hedged Equity Fund ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, INDH or SPY?
SPY has been ahead.
SPY has a lower expense ratio. SPY led over 1Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 45.1%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | INDH | SPY |
|---|---|---|
| Expense Ratio | 0.64% | 0.09%Best |
| AUM | $6M | $804.7B |
| Dividend Yield | 5.68% | 0.98% |
| Holdings | 83 | 505 |
| YTD Return | -10.79% | +12.19%Best |
| 1Y Return | -6.21% | +18.53%Best |
| 3Y Return (annualized) | - | +20.88% |
| 5Y Return (annualized) | - | +12.69% |
| Volatility (annualized) | 11.2%Best | 11.8% |
| Max Drawdown | -14.8%Best | -18.8% |
| $10,000 over 2.3 years | $10,122 | $14,960Best |
| Top 10 Weight | 45.1% | 38.0%Best |
| Fund Family | WisdomTree Investments | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 9, 2024 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 2.3 years row, are measured over the window both funds cover: May 9, 2024 to Sep 9, 2026 (2.3 years).
INDH vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.3 years both funds cover.
INDH vs SPY Performance
WisdomTree India Hedged Equity Fund ETF (INDH) is an ETF from WisdomTree Investments and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year INDH returned -6.21% while SPY returned +18.53%. Year to date, INDH is down 10.79% versus a gain of 12.19% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 11.8% compared with 11.2% for INDH. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -14.8% for INDH and -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.44. They move together some of the time, and apart the rest.
Fees and Cost Over Time
INDH charges 0.64% per year while SPY charges 0.09%. On a $10,000 position that is $64 vs $9 annually, a gap of $55 per year that compounds over a long holding period. On income, INDH currently yields 5.68% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 79 holdings in INDH and 504 in SPY, totalling 101.2% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 79 positions we hold weights for in INDH and 504 in SPY, against full books of 83 and 505.
What only one of them owns
Our book lists 495 positions for SPY that do not appear in our book for INDH (99.4% of the fund), and 7 for INDH that do not appear in SPY (4.3%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of INDH and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, INDH or SPY?
INDH has an expense ratio of 0.64% while SPY charges 0.09%. SPY is the cheaper option, by $55 a year on a $10,000 investment.
Which performed better, INDH or SPY?
Over the past year INDH returned -6.21% vs +18.53% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), INDH annualized +0.53% vs +19.14% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, INDH or SPY?
SPY has been the more volatile fund at 11.8% annualized versus 11.2% for INDH. Worst drawdown: INDH -14.8% vs SPY -18.8%.
Should I hold both INDH and SPY?
INDH and SPY have a monthly-return correlation of 0.44, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, INDH or SPY?
INDH yields 5.68% while SPY yields 0.98%, so INDH currently pays the higher dividend yield.
Is SPY better than INDH?
SPY has a lower expense ratio. SPY led over 1Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 45.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.