IEMGX vs. BGSAX
IEMGX (Voya Multi-Manager Emerging Markets Equity Fund) and BGSAX (BlackRock Technology Opportunities Fund Investor A) are both mutual funds - IEMGX is a Emerging Markets Equities fund managed by BlackRock, while BGSAX is a Technology Equities fund actively managed by BlackRock. Over the past 10 years, IEMGX returned 9.90%/yr vs 23.00%/yr for BGSAX. Their 0.70 correlation means they have sometimes moved together and sometimes differently. IEMGX charges 1.15%/yr vs 1.14%/yr for BGSAX.
Performance
IEMGX vs. BGSAX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with IEMGX having a 22.74% return and BGSAX slightly lower at 22.08%. Over the past 10 years, IEMGX has underperformed BGSAX with an annualized return of 9.90%, while BGSAX has yielded a comparatively higher 23.00% annualized return.
IEMGX
- 1D
- 4.16%
- 1M
- -5.97%
- 6M
- 9.37%
- YTD
- 22.74%
- 1Y
- 50.07%
- 3Y*
- 22.24%
- 5Y*
- 8.70%
- 10Y*
- 9.90%
- ALL TIME*
- 6.71%
BGSAX
- 1D
- 7.10%
- 1M
- -7.32%
- 6M
- 19.39%
- YTD
- 22.08%
- 1Y
- 32.24%
- 3Y*
- 29.84%
- 5Y*
- 11.65%
- 10Y*
- 23.00%
- ALL TIME*
- 10.39%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
IEMGX vs. BGSAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IEMGX Voya Multi-Manager Emerging Markets Equity Fund | 22.74% | 46.12% | 0.76% | 15.09% | -24.13% | -2.91% | 16.80% | 25.23% | -19.85% | 44.53% |
BGSAX BlackRock Technology Opportunities Fund Investor A | 22.08% | 19.63% | 40.56% | 49.09% | -43.13% | 8.19% | 86.27% | 43.84% | 2.03% | 49.45% |
Correlation
The correlation between IEMGX and BGSAX is 0.77, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.77 |
Correlation (3Y) Balances recent behavior with more history. | 0.67 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.69 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.70 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2011 | 0.70 |
The correlation between IEMGX and BGSAX shifts across timeframes, from 0.67 (3 years) to 0.77 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IEMGX vs. BGSAX — Risk / Return Rank
IEMGX
BGSAX
IEMGX vs. BGSAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Voya Multi-Manager Emerging Markets Equity Fund (IEMGX) and BlackRock Technology Opportunities Fund Investor A (BGSAX). 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.
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.
| IEMGX | BGSAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.04 | ||
| Sortino ratioReturn per unit of downside risk | +1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.18 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.07 | 1.42 | +1.65 |
| Martin ratioReturn relative to average drawdown | 9.86 | 4.11 | +5.75 |
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Drawdowns
IEMGX vs. BGSAX - Drawdown Comparison
The maximum IEMGX drawdown since its inception was -41.87%, smaller than the maximum BGSAX drawdown of -73.75%. Use the drawdown chart below to compare losses from any high point for IEMGX and BGSAX.
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Drawdown Indicators
| IEMGX | BGSAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.87% | -73.75% | +31.88% |
Max Drawdown (1Y)Largest decline over 1 year | -17.64% | -20.84% | +3.20% |
Max Drawdown (3Y)Largest decline over 3 years | -17.64% | -27.75% | +10.11% |
Max Drawdown (5Y)Largest decline over 5 years | -37.33% | -49.22% | +11.89% |
Max Drawdown (10Y)Largest decline over 10 years | -41.87% | -49.22% | +7.35% |
Current DrawdownCurrent decline from peak | -14.21% | -15.21% | +1.00% |
Average DrawdownAverage peak-to-trough decline | -15.02% | -26.26% | +11.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.31% | 7.19% | -1.88% |
Volatility
IEMGX vs. BGSAX - Volatility Comparison
The current volatility for Voya Multi-Manager Emerging Markets Equity Fund (IEMGX) is 10.84%, while BlackRock Technology Opportunities Fund Investor A (BGSAX) has a volatility of 14.54%. This indicates that IEMGX experiences smaller price fluctuations and is considered to be less risky than BGSAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IEMGX | BGSAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.84% | 14.54% | -3.70% |
Volatility (6M)Calculated over the trailing 6-month period | 24.96% | 28.48% | -3.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.72% | 32.23% | -4.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.56% | 29.22% | -9.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.98% | 26.62% | -7.64% |
IEMGX vs. BGSAX - Expense Ratio Comparison
IEMGX has a 1.15% expense ratio, which is higher than BGSAX's 1.14% expense ratio.
Dividends
IEMGX vs. BGSAX - Dividend Comparison
IEMGX's dividend yield for the trailing twelve months is around 4.89%, less than BGSAX's 17.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGSAX BlackRock Technology Opportunities Fund Investor A | 17.42% | 13.55% | 8.68% | 0.00% | 0.00% | 7.66% | 4.86% | 1.50% | 1.24% | 8.01% | 1.17% | 0.00% |
IEMGX Voya Multi-Manager Emerging Markets Equity Fund | 4.89% | 6.01% | 4.66% | 1.99% | 4.22% | 19.49% | 3.91% | 2.69% | 1.01% | 1.39% | 1.17% | 1.53% |
Frequently Asked Questions
IEMGX and BGSAX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BGSAX has higher volatility (14.54%) compared to IEMGX (10.84%). In terms of maximum drawdown, IEMGX dropped -41.87% vs BGSAX's -73.75%.
IEMGX currently has the higher Sharpe Ratio (1.96 vs 0.92), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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