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Voya Multi-Manager Emerging Markets Equity Fund (IEMGX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

The fund invests at least 80% of its net assets (plus borrowings for investment purposes) in equity securities of issuers in emerging markets. It may also invest in real estate-related securities including real estate investment trusts and non-investment-grade bonds. The fund may invest in companies of any market capitalization. It may invest in securities denominated in U.S. dollars, other major reserve currencies, such as the euro, yen and pound sterling, and currencies of other countries in which it can invest. The fund typically maintains full currency exposure to those markets in which it invests.

Looking to diversify beyond IEMGX? The mutual funds below have the lowest correlation with IEMGX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from IEMGX.

Best Diversifiers for IEMGX

1 mutual funds have low correlation with IEMGX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Long/Short Equity Fund Class I (BDMIX) (Long-Short) with a 1Y correlation of 0.19, up from 0.04 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
BDMIX
BlackRock Global Long/Short Equity Fund Class I0.190.090.04
95
Long-ShortIEMGX vs BDMIX
ASFYX
AlphaSimplex Managed Futures Strategy Fund Class Y0.400.290.15
60
Systematic TrendIEMGX vs ASFYX
ESCIX
Ashmore Emerging Markets Small Cap Equity Fund0.430.630.71
87
Emerging Markets DiversifiedIEMGX vs ESCIX
SAEMX
SA Emerging Markets Value Fund0.580.630.66
90
Emerging Markets DiversifiedIEMGX vs SAEMX
VTCLX
Vanguard Tax-Managed Capital Appreciation Fund Adm...0.620.650.65
64
Large Cap Blend EquitiesIEMGX vs VTCLX
See all 80 diversifiers for IEMGX

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