IEMG vs. IEMGX
Compare and contrast key facts about iShares Core MSCI Emerging Markets ETF (IEMG) and Voya Multi-Manager Emerging Markets Equity Fund (IEMGX).
IEMG is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets Investable Market Index. It was launched on Oct 18, 2012. IEMGX is managed by BlackRock. It was launched on Oct 10, 2011.
Performance
IEMG vs. IEMGX - Performance Comparison
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IEMG vs. IEMGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IEMG iShares Core MSCI Emerging Markets ETF | 4.55% | 32.56% | 6.50% | 11.52% | -19.98% | -0.64% | 17.87% | 17.81% | -14.92% | 37.38% |
IEMGX Voya Multi-Manager Emerging Markets Equity Fund | 4.52% | 46.12% | 0.76% | 15.09% | -24.13% | -2.91% | 16.80% | 25.23% | -19.85% | 44.53% |
Returns By Period
The year-to-date returns for both stocks are quite close, with IEMG having a 4.55% return and IEMGX slightly lower at 4.52%. Over the past 10 years, IEMG has underperformed IEMGX with an annualized return of 8.31%, while IEMGX has yielded a comparatively higher 8.85% annualized return.
IEMG
- 1D
- 0.76%
- 1M
- -6.83%
- YTD
- 4.55%
- 6M
- 7.62%
- 1Y
- 33.51%
- 3Y*
- 16.36%
- 5Y*
- 4.53%
- 10Y*
- 8.31%
IEMGX
- 1D
- 2.76%
- 1M
- -11.83%
- YTD
- 4.52%
- 6M
- 15.19%
- 1Y
- 47.20%
- 3Y*
- 18.81%
- 5Y*
- 4.53%
- 10Y*
- 8.85%
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IEMG vs. IEMGX - Expense Ratio Comparison
IEMG has a 0.09% expense ratio, which is lower than IEMGX's 1.15% expense ratio.
Return for Risk
IEMG vs. IEMGX — Risk / Return Rank
IEMG
IEMGX
IEMG vs. IEMGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Emerging Markets ETF (IEMG) and Voya Multi-Manager Emerging Markets Equity Fund (IEMGX). 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.
| IEMG | IEMGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.70 | 2.51 | -0.80 |
Sortino ratioReturn per unit of downside risk | 2.30 | 3.14 | -0.84 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.47 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 2.58 | 2.72 | -0.14 |
Martin ratioReturn relative to average drawdown | 9.84 | 10.35 | -0.51 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IEMG | IEMGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.70 | 2.51 | -0.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 0.27 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.50 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.33 | -0.04 |
Correlation
The correlation between IEMG and IEMGX is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
IEMG vs. IEMGX - Dividend Comparison
IEMG's dividend yield for the trailing twelve months is around 2.63%, less than IEMGX's 5.75% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEMG iShares Core MSCI Emerging Markets ETF | 2.63% | 2.75% | 3.20% | 2.89% | 2.71% | 3.06% | 1.87% | 3.15% | 2.76% | 2.35% | 2.28% | 2.53% |
IEMGX Voya Multi-Manager Emerging Markets Equity Fund | 5.75% | 6.01% | 4.66% | 1.99% | 4.22% | 19.49% | 3.91% | 2.69% | 1.01% | 1.39% | 1.17% | 1.53% |
Drawdowns
IEMG vs. IEMGX - Drawdown Comparison
The maximum IEMG drawdown since its inception was -38.71%, smaller than the maximum IEMGX drawdown of -41.87%. Use the drawdown chart below to compare losses from any high point for IEMG and IEMGX.
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Drawdown Indicators
| IEMG | IEMGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.71% | -41.87% | +3.16% |
Max Drawdown (1Y)Largest decline over 1 year | -13.21% | -15.85% | +2.64% |
Max Drawdown (5Y)Largest decline over 5 years | -35.93% | -39.78% | +3.85% |
Max Drawdown (10Y)Largest decline over 10 years | -38.71% | -41.87% | +3.16% |
Current DrawdownCurrent decline from peak | -9.40% | -13.53% | +4.13% |
Average DrawdownAverage peak-to-trough decline | -13.11% | -15.24% | +2.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.46% | 4.16% | -0.70% |
Volatility
IEMG vs. IEMGX - Volatility Comparison
The current volatility for iShares Core MSCI Emerging Markets ETF (IEMG) is 9.35%, while Voya Multi-Manager Emerging Markets Equity Fund (IEMGX) has a volatility of 11.78%. This indicates that IEMG experiences smaller price fluctuations and is considered to be less risky than IEMGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IEMG | IEMGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.35% | 11.78% | -2.43% |
Volatility (6M)Calculated over the trailing 6-month period | 14.68% | 16.13% | -1.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.79% | 22.06% | -2.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.91% | 17.50% | +0.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.84% | 18.01% | +1.83% |