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

Mutual Fund · Currency in USD · Last updated Aug 1, 2026
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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 historically moved differently from IEMGX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.

Best Diversifiers for IEMGX

4 mutual funds have low correlation with IEMGX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs GQG Partners International Opportunities Fund Class R6 (GSIYX) (Foreign Large Cap Equities) with a 1Y correlation of 0.15, down from 0.59 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
GSIYX
Goldman Sachs GQG Partners International Opportuni...0.150.460.59
56
Foreign Large Cap Equities, Emerging Markets EquitiesIEMGX vs GSIYX
COBYX
The Cook & Bynum Fund0.240.410.48
66
Emerging Markets EquitiesIEMGX vs COBYX
BDMIX
BlackRock Global Equity Market Neutral Fund Class ...0.270.120.06
97
Equity Market NeutralIEMGX vs BDMIX
BDMAX
BlackRock Global Equity Market Neutral Fund0.270.120.06
97
Equity Market NeutralIEMGX vs BDMAX
ESCIX
Ashmore Emerging Markets Small Cap Equity Fund0.380.610.69
92
Emerging Markets EquitiesIEMGX vs ESCIX
See all 79 diversifiers for IEMGX

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Low-Correlation Stock Ideas

The table shows companies with at least $1B in market capitalization, historical correlation data for IEMGX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Equinix, Inc. (EQIX) (Real Estate) with a 1Y correlation of 0.19, down from 0.36 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
EQIX
Equinix, Inc.0.190.320.36
82
Real Estate

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Diversification Analysis

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