INDH vs SPY
WisdomTree India Hedged Equity Fund ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | INDH | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.64% | 0.09% | |
| AUM | $6M | $821.1B | |
| Dividend Yield | 5.63% | 1.01% | |
| Holdings | 83 | 505 | |
| YTD Return | -8.32% | +13.17% | |
| 1Y Return | -4.29% | +21.53% | |
| 3Y Return (annualized) | - | +22.06% | |
| 5Y Return (annualized) | - | +13.35% | |
| Volatility (annualized) | 11.2% | 15.3% | |
| Max Drawdown | -14.8% | -56.5% | |
| Fund Family | WisdomTree Investments | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | May 9, 2024 | Jan 22, 1993 |
INDH vs SPY Performance
WisdomTree India Hedged Equity Fund ETF (INDH) is a ETF from WisdomTree Investments and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year INDH returned -4.29% while SPY returned +21.53%. Year to date, INDH is down 8.32% versus a gain of 13.17% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% 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 -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.43. They move independently enough that combining them can meaningfully diversify a portfolio.
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 5.63% against 1.01% for SPY.
Holdings Overlap
INDH and SPY share 1 holdings out of 582 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in INDH | Weight in SPY | Difference |
|---|---|---|---|
| HAL | 0.75% | 0.04% | 0.71% |
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. On a $10,000 investment, that is $55 per year of difference.
Which performed better, INDH or SPY?
Over the past year INDH returned -4.29% vs +21.53% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), INDH annualized +1.76% vs +8.82% for SPY. Past performance does not guarantee future results.
Which is riskier, INDH or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 11.2% for INDH. Worst drawdown: INDH -14.8% vs SPY -56.5%.
Should I hold both INDH and SPY?
INDH and SPY have a monthly-return correlation of 0.43, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between INDH and SPY?
INDH and SPY share 1 common holdings with a 0.0% weight overlap. Combined, they hold 582 unique securities.
Which pays a higher dividend, INDH or SPY?
INDH yields 5.63% while SPY yields 1.01%, so INDH currently pays the higher dividend yield.
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