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INDH vs SMIN

WisdomTree India Hedged Equity Fund

INDHBNasdaq

iShares MSCI India Small-Cap ETF

SMINACboe

Overlap

0.7%by weight

Expense ratio

INDH −0.10pt a year

INDH0.64%SMIN0.74%

Avg volume · 30D

SMIN 164.1×the volume

INDH706SMIN116K

INDH vs SMIN Performance

Oct 31, 2025 – Oct 30, 2026

−10.0%INDH−7.5%SMIN

Oct 31, 2025 to Oct 30, 2026. INDH −10.0%. SMIN −7.5%. Use the arrow keys to read each point.−20%−15%−5%0%Oct 2025Apr 2026Oct 2026
Expense ratio
INDH 0.64%, better
SMIN 0.74%
Fund size
INDH $6M
SMIN $669M
1Y total return
INDH −10.0%
SMIN −7.5%, better
Yield (12M)
INDH 5.90%, better
SMIN 2.11%
Holdings
INDH 81
SMIN 456
Avg volume (30D)
INDH 706 sh
SMIN 116K sh, better
NAV per share
INDH $37.63
SMIN $66.28
52W range

ETF.net Grade

INDH: Cost 83, Risk 71, Mission not scored, Tradability 38, Holdings 53, Durability 22. SMIN: Cost 56, Risk 32, Mission 95, Tradability 79, Holdings 89, Durability 87.
Pillar letters and Scores for INDH, SMIN, with each pillar’s weight
PillarINDHSMIN
Cost30% weightA83HigherB56
Mission25% weightNot scoredA95
Risk15% weightA71HigherD32
Tradability15% weightD38A79Higher
Holdings10% weightC53A89Higher
Durability5% weightF22A87Higher

Rank among India funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. INDH and SMIN are both graded against the same 19 India funds, so their Grades compare head to head.

India⁠

Category · 19 funds
See all 19 ›

SMIN ranks 4th and INDH 7th of 19 funds in the India Category.

  1. Rank 1AFLINFranklin FTSE India ETFScore 86
  2. Rank 1AINDAiShares MSCI India ETFScore 86
  3. Rank 3AINDYiShares India 50 ETFScore 75
  4. Rank 4ASMINiShares MSCI India Small-Cap ETFScore 70
  5. Rank 5BIOPPSimplify Tara India Opportunities ETFScore 66
  6. Rank 6BGLINVanEck India Growth Leaders ETFScore 64
  7. Rank 7BINDHWisdomTree India Hedged Equity FundScore 63
  8. Rank 8BNFTYFirst Trust India NIFTY 50 Equal Weight ETFScore 61

Our read on each fund

ETF.net Research

INDHBWisdomTree India Hedged Equity Fund

SMINAiShares MSCI India Small-Cap ETF

In short

INDH Most India funds hand you two bets: Indian companies and the rupee. INDH keeps the stocks and hedges the currency, so the exchange rate stops riding shotgun on your returns.

SMIN Most US-listed India funds stop at the blue chips. SMIN keeps going down-cap, tracking an MSCI index of roughly 500 smaller Indian companies, and it has been doing that job since 2012.

Stated mandate

INDH The fund seeks exposure to India's equity market while hedging movements between the U.S. dollar and Indian rupee.

SMIN The fund seeks to track the investment results of an index representing small-capitalization equity securities in India.

Why people hold it

  • INDH The hedge is the whole point: exposure to India's equity market while offsetting moves between the dollar and the rupee, per the fund's own objective.wisdomtree.com
  • 0.64% a year sits below the median fee in the India ETF group, and under peers like INDY (0.65%) and SMIN (0.74%).
  • Roughly 80 stocks held against a published WisdomTree index, so the lineup is rules-based rather than a manager's running judgment.
  • SMIN Owns the slice of India the headline funds skip: roughly 500 small caps, versus the 50-name blue-chip lineup at INDY.ishares.com
  • At 0.74%, the fee lands right around the middle of the US India-fund pack, which is unusual for a specialist small-cap sleeve.
  • One of the stronger implementations among US-listed India funds: tight tracking of its stated index, iShares plumbing, and a live record back to 2012.

Worth knowing

  • INDH Hedging cuts both ways. It strips out rupee losses and rupee gains alike, and running the hedge carries its own cost.wisdomtree.com
  • Small in assets and thinly traded, which typically means wider bid-ask spreads than the household names in the India category.
  • Launched in 2024, so the track record is short next to India funds that have been through multiple market cycles.
  • SMIN Small caps inside one emerging market swing hard in both directions, and rupee moves stack on top of the stock moves.
  • Reasonable for the niche, pricey next to broad India trackers: FLIN charges 0.19% for the large-cap version of the trade.
  • Moderately traded rather than a top-of-book giant, so size your orders with care. Cash comes back once or twice a year, not monthly.

Full INDH profile⁠

Full SMIN profile⁠

INDH vs SMIN Holdings

How INDH and SMIN differ

Overlap by weight

0.7%

Shared holdings make up 2.1% of SMIN and 0.7% of INDH.

Level by level

  • Holdings1 in both0.7%
  • Sector11 Sectors72.1%
  • Asset classEquity100%
  • Countryby domicile100%

Sector

Sector weights in INDH and SMIN, widest gap first
SectorMore in INDHMore in SMIN
IndustrialsSMIN +11.6 points
EnergyINDH +9.9 points
Health CareSMIN +7.6 points
FinancialsINDH +6.7 points
CommunicationINDH +3.4 points
Real EstateSMIN +3.3 points
TechnologyINDH +2.8 points
MaterialsSMIN +2.8 points
Consumer DiscretionarySMIN +2.6 points
UtilitiesINDH +2.6 points
Consumer StaplesINDH +2.5 points

Country, concentration and asset class

Country by domicile

Country weights in INDH and SMIN, widest gap first
CountryMore in INDHMore in SMIN
IndiaSame weight

Outside the US: INDH 0% developed, 100% emerging. SMIN 0% developed, 100% emerging.

Concentration

Weight in the 10 largest Holdings

  • INDH45.4%
  • SMIN11.0%

Securities held

  • INDH79
  • SMIN453

Asset class

INDH
Equity
SMIN
Equity

Holdings

  • Only in INDH78
  • In both1
  • Only in SMIN452

Only in INDH

78 securities, 100% of INDH by weight

  • Reliance Industries Ltd8.01%
  • ICICI Bank Ltd7.44%
  • Hdfc Bank Limited6.86%

Only in SMIN

452 securities, 97.9% of SMIN by weight

  • Sona Blw Precision Forgings Ltd1.24%
  • Embassy Office Parks Reit Units1.13%
  • Glenmark Pharmaceuticals1.03%

Weight gaps

All 1 Holdings in both funds, largest gap first.

Holding weights in INDH and SMIN, widest gap first
HoldingMore in INDHMore in SMIN
Coforge LimitedSMIN +1.38 points

All 79 INDH holdings⁠All 453 SMIN holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

INDH vs SMIN Cost

Overpaying SMIN vs INDH

$1,769

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • INDH 0.64%

    $12,538

  • SMIN 0.74%

    $14,307

$10,000
30 years

Cost over time

  • INDH 0.64%
  • SMIN 0.74%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530SMIN $14,307INDH $12,538

Year by year

YearINDHSMINOverpaying
10$1,145$1,319$174
20$4,375$5,015$640
30$12,538$14,307$1,769

Expense ratio

  • 0.64%INDH, cheaper
  • 0.74%SMIN
  • Middle half of India funds
  • Median 0.75%

INDH 4th cheapest of 19 funds

SMIN 9th cheapest of 19 funds

INDH vs SMIN Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
INDH 5.90%, better
SMIN 2.11%
Payout (12M)
INDH $2.22
SMIN $1.41
Last payment
INDH $2.22
SMIN $1.41
Ex-dividend
INDH Dec 10, 2025
SMIN Dec 16, 2025
Paid on
INDH Dec 12, 2025
SMIN Dec 19, 2025
Frequency
INDH Annual
SMIN Annual

Distribution history

Per share, 2017 to 2026, same scale for both

INDHAnnual · 2 paymentsAll INDH payments⁠
One bar per payment. 2 payments from 2017 to 2026 YTD. Dec 6, 2024 $0.13; Dec 10, 2025 $2.22. Use the arrow keys to read each point.$0$52017202020232026YTD
SMINAnnual · 12 paymentsAll SMIN payments⁠
One bar per payment. 12 payments from 2017 to 2026 YTD. Dec 19, 2017 $0.47; Jun 19, 2018 $0.65; Jun 17, 2019 $0.21; Dec 16, 2019 $0.42; Jun 15, 2020 $0.40; Dec 14, 2020 $0.05; Dec 13, 2021 $0.77; Dec 13, 2022 $0.0038; Jun 7, 2023 $0.04; Dec 20, 2023 $0.24; Dec 17, 2024 $5.23; Dec 16, 2025 $1.41. Use the arrow keys to read each point.$0$52017202020232026YTD

INDH vs SMIN Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
INDH 11.5%since Jun 2024SMIN 18.1%
Return per unit of riskSharpe ratio, 3 years
INDH −0.38since Jun 2024SMIN 0.15
Worst fallMax drawdown, 5 years
INDH −15.8%since May 2024SMIN −27.5%
Market sensitivityBeta, 5 years
INDH 0.47SMIN 0.48

INDH and SMIN in the news

All news⁠

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