- ISIN
- US92913M3025
- Issuer
- Voya
- Inception Date
- Aug 8, 2012
- Category
- Emerging Markets Bonds
- Min. Investment
- $0
- Distribution Policy
- Accumulating
- Asset Class
- Bond
Share Price Chart
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Performance
IMCDX Performance Chart
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Returns By Period
Voya Emerging Markets Corporate Debt Fund
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
IMCDX Monthly Returns History
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.40% | 0.61% | 1.07% | -0.92% | 1.35% | 0.96% | 1.58% | 0.58% | 0.57% | -0.57% | 0.65% | 0.00% | 6.44% |
| 2023 | 3.00% | -1.96% | 0.83% | 0.61% | -0.48% | 0.94% | 1.44% | -0.84% | -0.70% | -1.71% | 3.93% | 3.34% | 8.51% |
| 2022 | -2.38% | -5.61% | -2.30% | -3.30% | -0.41% | -3.92% | 1.49% | 0.90% | -4.98% | -0.87% | 5.45% | 1.75% | -13.79% |
| 2021 | -0.29% | -0.29% | -0.95% | 0.87% | 0.58% | 0.77% | 0.01% | 0.97% | -0.58% | -0.38% | -1.38% | 0.79% | 0.08% |
Benchmark Metrics
Voya Emerging Markets Corporate Debt Fund has an annualized alpha of 3.02%, beta of 0.07, and R2 of 0.08 versus S&P 500 Index. Calculated based on daily prices since July 31, 2012.
- This fund participated in 33.08% of S&P 500 Index downside but only 26.33% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.07 may look defensive, but with R2 of 0.08 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.08 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 3.02%
- Beta
- 0.07
- R²
- 0.08
- Upside Capture
- 26.33%
- Downside Capture
- 33.08%
Expense Ratio
IMCDX has an expense ratio of 0.10%, which is considered low.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Voya Emerging Markets Corporate Debt Fund (IMCDX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IMCDX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.37 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.78 | — |
| Martin ratioReturn relative to average drawdown | — | 12.44 | — |
Dividends
Dividend History
Voya Emerging Markets Corporate Debt Fund provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.36 | $0.31 | $0.61 | $0.49 | $0.51 | $0.50 | $0.48 | $0.51 | $0.48 |
Dividend yield | 0.00% | 4.21% | 3.80% | 6.14% | 4.64% | 4.99% | 5.30% | 4.79% | 5.22% | 5.11% |
Monthly Dividends
The table displays the monthly dividend distributions for Voya Emerging Markets Corporate Debt Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.00 | $0.00 | $0.00 | $0.06 | $0.00 | $0.36 |
| 2023 | $0.04 | $0.04 | $0.04 | $0.00 | $0.04 | $0.04 | $0.04 | $0.00 | $0.04 | $0.00 | $0.05 | $0.05 | $0.36 |
| 2022 | $0.04 | $0.03 | $0.03 | $0.03 | $0.04 | $0.00 | $0.00 | $0.03 | $0.00 | $0.03 | $0.03 | $0.05 | $0.31 |
| 2021 | $0.00 | $0.00 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.25 | $0.61 |
| 2020 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.49 |
| 2019 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.51 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Voya Emerging Markets Corporate Debt Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Voya Emerging Markets Corporate Debt Fund was 22.09%, occurring on Oct 24, 2022. The portfolio has not yet recovered.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -22.09%Oct 2022 | 1y 1mo | — | 4y 9moSep 2021 - now |
COVID crash2020 | -17.58%Mar 2020 | 28d | 4mo 13d | 5mo 11dFeb 2020 - Aug 2020 |
2013 pullback2013 | -8.97%Sep 2013 | 3mo 28d | 8mo 4d | 12mo 2dMay 2013 - May 2014 |
2016 pullback2016 | -4.91%Jan 2016 | 7mo 29d | 2mo 9d | 10mo 8dMay 2015 - Mar 2016 |
2018 pullback2018 | -4.39%Jun 2018 | 5mo 11d | 7mo 9d | 1y 15dJan 2018 - Jan 2019 |
Drawdown Indicators
| IMCDX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -56.78% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | — | -1.80% | — |
Average DrawdownAverage peak-to-trough decline | — | -10.71% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.03% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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