IEMGX vs. BTC-USD
IEMGX (Voya Multi-Manager Emerging Markets Equity Fund) is Emerging Markets Equities fund managed by BlackRock, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, IEMGX returned 10.24%/yr vs 59.80%/yr for BTC-USD. Their 0.10 correlation means their historical movements had little consistent relationship.
Performance
IEMGX vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, IEMGX achieves a 25.70% return, which is significantly higher than BTC-USD's -27.65% return. Over the past 10 years, IEMGX has underperformed BTC-USD with an annualized return of 10.24%, while BTC-USD has yielded a comparatively higher 59.80% annualized return.
IEMGX
- 1D
- 2.41%
- 1M
- -3.70%
- 6M
- 12.95%
- YTD
- 25.70%
- 1Y
- 53.69%
- 3Y*
- 23.55%
- 5Y*
- 9.22%
- 10Y*
- 10.24%
- ALL TIME*
- 6.88%
BTC-USD
- 1D
- -0.30%
- 1M
- 0.35%
- 6M
- -19.52%
- YTD
- -27.65%
- 1Y
- -44.57%
- 3Y*
- 29.61%
- 5Y*
- 9.77%
- 10Y*
- 59.80%
- ALL TIME*
- 87.13%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
BTC-USD Bitcoin | $1541.04T | $1614.90T | $2068.30T |
| $0.00 | $0.00 | $0.00 |
IEMGX vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IEMGX Voya Multi-Manager Emerging Markets Equity Fund | 25.70% | 46.12% | 0.76% | 15.09% | -24.13% | -2.91% | 16.80% | 25.23% | -19.85% | 44.53% |
BTC-USD Bitcoin | -27.65% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
Correlation
The correlation between IEMGX and BTC-USD is 0.25, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.25 |
Correlation (3Y) Balances recent behavior with more history. | 0.19 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.26 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.15 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2012 | 0.10 |
The correlation between IEMGX and BTC-USD shifts across timeframes, from 0.10 (all time) to 0.26 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IEMGX vs. BTC-USD — Risk / Return Rank
IEMGX
BTC-USD
IEMGX vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Voya Multi-Manager Emerging Markets Equity Fund (IEMGX) and Bitcoin (BTC-USD). 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 | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.16 | ||
| Sortino ratioReturn per unit of downside risk | +4.12 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 0.85 | +0.53 |
| Calmar ratioReturn relative to maximum drawdown | 3.36 | -0.84 | +4.19 |
| Martin ratioReturn relative to average drawdown | 10.64 | -1.29 | +11.93 |
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Drawdowns
IEMGX vs. BTC-USD - Drawdown Comparison
The maximum IEMGX drawdown since its inception was -41.87%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for IEMGX and BTC-USD.
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Drawdown Indicators
| IEMGX | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.87% | -85.30% | +43.43% |
Max Drawdown (1Y)Largest decline over 1 year | -17.64% | -53.08% | +35.44% |
Max Drawdown (3Y)Largest decline over 3 years | -17.64% | -53.08% | +35.44% |
Max Drawdown (5Y)Largest decline over 5 years | -37.33% | -76.67% | +39.34% |
Max Drawdown (10Y)Largest decline over 10 years | -41.87% | -83.80% | +41.93% |
Current DrawdownCurrent decline from peak | -12.14% | -49.24% | +37.10% |
Average DrawdownAverage peak-to-trough decline | -15.02% | -42.74% | +27.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.37% | 25.03% | -19.66% |
Volatility
IEMGX vs. BTC-USD - Volatility Comparison
Voya Multi-Manager Emerging Markets Equity Fund (IEMGX) has a higher volatility of 11.01% compared to Bitcoin (BTC-USD) at 8.46%. This indicates that IEMGX's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IEMGX | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.01% | 8.46% | +2.55% |
Volatility (6M)Calculated over the trailing 6-month period | 25.03% | 33.65% | -8.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.81% | 35.87% | -8.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.58% | 43.64% | -24.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.99% | 56.22% | -37.23% |
Frequently Asked Questions
IEMGX and BTC-USD have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IEMGX has higher volatility (11.01%) compared to BTC-USD (8.46%). In terms of maximum drawdown, IEMGX dropped -41.87% vs BTC-USD's -85.30%.
IEMGX currently has the higher Sharpe Ratio (2.13 vs -1.03), 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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