DBELX vs. IMCDX

Last updated Apr 1, 2026

Compare and contrast key facts about DoubleLine Emerging Markets Local Currency Bond Fund (DBELX) and Voya Emerging Markets Corporate Debt Fund (IMCDX).

DBELX is managed by DoubleLine. It was launched on Jun 27, 2019. IMCDX is managed by Voya. It was launched on Aug 8, 2012.

Performance

DBELX vs. IMCDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DoubleLine Emerging Markets Local Currency Bond Fund (DBELX) and Voya Emerging Markets Corporate Debt Fund (IMCDX). The values are adjusted to include any dividend payments, if applicable.

DBELX vs. IMCDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
DBELX DoubleLine Emerging Markets Local Currency Bond Fund	-2.91%	20.86%	-4.37%	12.50%	-6.99%	-9.37%	2.61%	0.89%
IMCDX Voya Emerging Markets Corporate Debt Fund	0.00%	0.00%	6.44%	8.51%	-13.79%	0.08%	8.35%	4.27%

Returns By Period

DBELX

• 1D: -0.32%
• 1M: -6.70%
• YTD: -2.91%
• 6M: 0.26%
• 1Y: 12.48%
• 3Y*: 6.49%
• 5Y*: 2.63%
• 10Y*: —

IMCDX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DBELX vs. IMCDX - Expense Ratio Comparison

DBELX has a 0.90% expense ratio, which is higher than IMCDX's 0.10% expense ratio.

DBELX

DoubleLine Emerging Markets Local Currency Bond Fund

IMCDX

Voya Emerging Markets Corporate Debt Fund

Return for Risk

DBELX vs. IMCDX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DBELX

DBELX Risk / Return Rank: 86
DBELX Sharpe Ratio Rank: 91
DBELX Sortino Ratio Rank: 90
DBELX Omega Ratio Rank: 88
DBELX Calmar Ratio Rank: 78
DBELX Martin Ratio Rank: 84

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DBELX vs. IMCDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DoubleLine Emerging Markets Local Currency Bond Fund (DBELX) and Voya Emerging Markets Corporate Debt Fund (IMCDX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	DBELX	IMCDX	Difference
Sharpe ratio Return per unit of total volatility	1.93	—	—
Sortino ratio Return per unit of downside risk	2.58	—	—
Omega ratio Gain probability vs. loss probability	1.38	—	—
Calmar ratio Return relative to maximum drawdown	1.83	—	—
Martin ratio Return relative to average drawdown	8.57	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	DBELX	IMCDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.93	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.38	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	—	—

Correlation

The correlation between DBELX and IMCDX is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

DBELX vs. IMCDX - Dividend Comparison

DBELX's dividend yield for the trailing twelve months is around 4.02%, while IMCDX has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DBELX DoubleLine Emerging Markets Local Currency Bond Fund	4.02%	4.41%	3.80%	2.03%	2.01%	1.98%	1.17%	1.06%	0.00%	0.00%	0.00%	0.00%
IMCDX Voya Emerging Markets Corporate Debt Fund	0.00%	0.00%	4.08%	4.21%	3.80%	6.14%	4.64%	4.99%	5.30%	4.79%	5.22%	5.11%

Drawdowns

Drawdown Indicators

	DBELX	IMCDX	Difference
Max Drawdown Largest peak-to-trough decline	-21.95%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-6.89%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.87%	—	—
Current Drawdown Current decline from peak	-6.89%	—	—
Average Drawdown Average peak-to-trough decline	-7.33%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.47%	—	—

Volatility

Volatility by Period

	DBELX	IMCDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.00%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.24%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	6.65%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.99%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.39%	—	—