IEMGX vs. IEFA
Compare and contrast key facts about Voya Multi-Manager Emerging Markets Equity Fund (IEMGX) and iShares Core MSCI EAFE ETF (IEFA).
IEMGX is managed by BlackRock. It was launched on Oct 10, 2011. IEFA is a passively managed fund by iShares that tracks the performance of the MSCI EAFE Investable Market Index. It was launched on Oct 18, 2012.
Performance
IEMGX vs. IEFA - Performance Comparison
Loading graphics...
IEMGX vs. IEFA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
IEFA iShares Core MSCI EAFE ETF | 2.74% | 32.08% | 3.26% | 17.95% | -15.24% | 11.63% | 8.18% | 22.64% | -14.14% | 26.57% |
Returns By Period
In the year-to-date period, IEMGX achieves a 4.52% return, which is significantly higher than IEFA's 2.74% return. Both investments have delivered pretty close results over the past 10 years, with IEMGX having a 8.85% annualized return and IEFA not far ahead at 9.02%.
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%
IEFA
- 1D
- 1.52%
- 1M
- -4.68%
- YTD
- 2.74%
- 6M
- 6.58%
- 1Y
- 25.75%
- 3Y*
- 15.08%
- 5Y*
- 8.12%
- 10Y*
- 9.02%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
IEMGX vs. IEFA - Expense Ratio Comparison
IEMGX has a 1.15% expense ratio, which is higher than IEFA's 0.07% expense ratio.
Return for Risk
IEMGX vs. IEFA — Risk / Return Rank
IEMGX
IEFA
IEMGX vs. IEFA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Voya Multi-Manager Emerging Markets Equity Fund (IEMGX) and iShares Core MSCI EAFE ETF (IEFA). 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 | IEFA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.51 | 1.46 | +1.04 |
Sortino ratioReturn per unit of downside risk | 3.14 | 2.07 | +1.07 |
Omega ratioGain probability vs. loss probability | 1.47 | 1.30 | +0.17 |
Calmar ratioReturn relative to maximum drawdown | 2.72 | 2.27 | +0.45 |
Martin ratioReturn relative to average drawdown | 10.35 | 8.75 | +1.59 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| IEMGX | IEFA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.51 | 1.46 | +1.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.50 | -0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.52 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.49 | -0.16 |
Correlation
The correlation between IEMGX and IEFA is 0.74, 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. IEFA - Dividend Comparison
IEMGX's dividend yield for the trailing twelve months is around 5.75%, more than IEFA's 3.46% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IEFA iShares Core MSCI EAFE ETF | 3.46% | 3.55% | 3.47% | 3.20% | 2.70% | 3.32% | 1.90% | 3.18% | 3.46% | 2.57% | 2.96% | 2.63% |
Drawdowns
IEMGX vs. IEFA - Drawdown Comparison
The maximum IEMGX drawdown since its inception was -41.87%, which is greater than IEFA's maximum drawdown of -34.78%. Use the drawdown chart below to compare losses from any high point for IEMGX and IEFA.
Loading graphics...
Drawdown Indicators
| IEMGX | IEFA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.87% | -34.78% | -7.09% |
Max Drawdown (1Y)Largest decline over 1 year | -15.85% | -11.50% | -4.35% |
Max Drawdown (5Y)Largest decline over 5 years | -39.78% | -30.41% | -9.37% |
Max Drawdown (10Y)Largest decline over 10 years | -41.87% | -34.78% | -7.09% |
Current DrawdownCurrent decline from peak | -13.53% | -6.75% | -6.78% |
Average DrawdownAverage peak-to-trough decline | -15.24% | -6.74% | -8.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.16% | 2.98% | +1.18% |
Volatility
IEMGX vs. IEFA - Volatility Comparison
Voya Multi-Manager Emerging Markets Equity Fund (IEMGX) has a higher volatility of 11.78% compared to iShares Core MSCI EAFE ETF (IEFA) at 7.51%. This indicates that IEMGX's price experiences larger fluctuations and is considered to be riskier than IEFA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| IEMGX | IEFA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.78% | 7.51% | +4.27% |
Volatility (6M)Calculated over the trailing 6-month period | 16.13% | 11.14% | +4.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.06% | 17.67% | +4.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.50% | 16.36% | +1.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.01% | 17.24% | +0.77% |