PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

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

Mutual Fund · Currency in USD · Last updated Jul 11, 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 Equity Market Neutral Fund Class I (BDMIX) (Equity Market Neutral) with a 1Y correlation of 0.22, up from 0.05 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
BDMIX
BlackRock Global Equity Market Neutral Fund Class ...0.220.100.05
96
Equity Market NeutralIEMGX vs BDMIX
ESCIX
Ashmore Emerging Markets Small Cap Equity Fund0.410.610.70
83
Emerging Markets DiversifiedIEMGX vs ESCIX
ASFYX
AlphaSimplex Managed Futures Strategy Fund Class Y0.420.300.16
51
Systematic TrendIEMGX vs ASFYX
SAEMX
SA Emerging Markets Value Fund0.600.630.66
80
Emerging Markets DiversifiedIEMGX vs SAEMX
WFSPX
iShares S&P 500 Index Fund Class K0.630.640.64
65
S&P 500IEMGX vs WFSPX
See all 77 diversifiers for IEMGX

To view more results, upgrade your current subscription plan.

Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from IEMGX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IEMGX and solid risk/return profiles. The least correlated is Equinix, Inc. (EQIX) (Real Estate) with a 1Y correlation of 0.19, down from 0.35 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
EQIX
Equinix, Inc.0.190.330.35
88
Real Estate

Rows per page

1–1 of 1

Diversification Analysis

Build a portfolio that complements IEMGX

Add IEMGX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with IEMGX