IEMGX vs. FDEM
Compare and contrast key facts about Voya Multi-Manager Emerging Markets Equity Fund (IEMGX) and Fidelity Emerging Markets Multifactor ETF (FDEM).
IEMGX is managed by BlackRock. It was launched on Oct 10, 2011. FDEM is a passively managed fund by Fidelity that tracks the performance of the Fidelity Targeted Emerging Markets Factor Index. It was launched on Feb 26, 2019.
Performance
IEMGX vs. FDEM - Performance Comparison
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IEMGX vs. FDEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IEMGX Voya Multi-Manager Emerging Markets Equity Fund | 1.71% | 46.12% | 0.76% | 15.09% | -24.13% | -2.91% | 16.80% | 13.38% |
FDEM Fidelity Emerging Markets Multifactor ETF | 2.77% | 26.75% | 9.34% | 17.26% | -13.11% | -3.52% | 8.87% | 5.73% |
Returns By Period
In the year-to-date period, IEMGX achieves a 1.71% return, which is significantly lower than FDEM's 2.77% return.
IEMGX
- 1D
- -0.91%
- 1M
- -15.03%
- YTD
- 1.71%
- 6M
- 12.74%
- 1Y
- 43.99%
- 3Y*
- 17.74%
- 5Y*
- 4.28%
- 10Y*
- 8.56%
FDEM
- 1D
- 3.24%
- 1M
- -8.84%
- YTD
- 2.77%
- 6M
- 6.29%
- 1Y
- 27.87%
- 3Y*
- 17.22%
- 5Y*
- 6.52%
- 10Y*
- —
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IEMGX vs. FDEM - Expense Ratio Comparison
IEMGX has a 1.15% expense ratio, which is higher than FDEM's 0.45% expense ratio.
Return for Risk
IEMGX vs. FDEM — Risk / Return Rank
IEMGX
FDEM
IEMGX vs. FDEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Voya Multi-Manager Emerging Markets Equity Fund (IEMGX) and Fidelity Emerging Markets Multifactor ETF (FDEM). 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.
| IEMGX | FDEM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.09 | 1.54 | +0.55 |
Sortino ratioReturn per unit of downside risk | 2.68 | 2.11 | +0.57 |
Omega ratioGain probability vs. loss probability | 1.40 | 1.30 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 2.47 | 2.18 | +0.29 |
Martin ratioReturn relative to average drawdown | 9.60 | 8.58 | +1.02 |
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
| IEMGX | FDEM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.09 | 1.54 | +0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 0.42 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.39 | -0.08 |
Correlation
The correlation between IEMGX and FDEM is 0.84, 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
IEMGX vs. FDEM - Dividend Comparison
IEMGX's dividend yield for the trailing twelve months is around 5.91%, more than FDEM's 3.17% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEMGX Voya Multi-Manager Emerging Markets Equity Fund | 5.91% | 6.01% | 4.66% | 1.99% | 4.22% | 19.49% | 3.91% | 2.69% | 1.01% | 1.39% | 1.17% | 1.53% |
FDEM Fidelity Emerging Markets Multifactor ETF | 3.17% | 3.23% | 4.05% | 4.41% | 3.95% | 2.71% | 1.84% | 2.39% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
IEMGX vs. FDEM - Drawdown Comparison
The maximum IEMGX drawdown since its inception was -41.87%, which is greater than FDEM's maximum drawdown of -33.65%. Use the drawdown chart below to compare losses from any high point for IEMGX and FDEM.
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Drawdown Indicators
| IEMGX | FDEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.87% | -33.65% | -8.22% |
Max Drawdown (1Y)Largest decline over 1 year | -15.85% | -12.70% | -3.15% |
Max Drawdown (5Y)Largest decline over 5 years | -39.78% | -29.19% | -10.59% |
Max Drawdown (10Y)Largest decline over 10 years | -41.87% | — | — |
Current DrawdownCurrent decline from peak | -15.85% | -9.87% | -5.98% |
Average DrawdownAverage peak-to-trough decline | -15.24% | -9.00% | -6.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.07% | 3.22% | +0.85% |
Volatility
IEMGX vs. FDEM - Volatility Comparison
Voya Multi-Manager Emerging Markets Equity Fund (IEMGX) has a higher volatility of 11.25% compared to Fidelity Emerging Markets Multifactor ETF (FDEM) at 9.54%. This indicates that IEMGX's price experiences larger fluctuations and is considered to be riskier than FDEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IEMGX | FDEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.25% | 9.54% | +1.71% |
Volatility (6M)Calculated over the trailing 6-month period | 15.99% | 13.16% | +2.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.94% | 18.15% | +3.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.46% | 15.77% | +1.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.99% | 17.76% | +0.23% |