IEMGX vs. IEMG
Compare and contrast key facts about Voya Multi-Manager Emerging Markets Equity Fund (IEMGX) and iShares Core MSCI Emerging Markets ETF (IEMG).
IEMGX is managed by BlackRock. It was launched on Oct 10, 2011. 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.
Performance
IEMGX vs. IEMG - Performance Comparison
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IEMGX vs. IEMG - 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% |
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% |
Returns By Period
The year-to-date returns for both investments are quite close, with IEMGX having a 4.52% return and IEMG slightly higher at 4.55%. Over the past 10 years, IEMGX has outperformed IEMG with an annualized return of 8.85%, while IEMG has yielded a comparatively lower 8.31% annualized return.
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%
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%
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IEMGX vs. IEMG - Expense Ratio Comparison
IEMGX has a 1.15% expense ratio, which is higher than IEMG's 0.09% expense ratio.
Return for Risk
IEMGX vs. IEMG — Risk / Return Rank
IEMGX
IEMG
IEMGX vs. IEMG - 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 Emerging Markets ETF (IEMG). 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 | IEMG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.51 | 1.70 | +0.80 |
Sortino ratioReturn per unit of downside risk | 3.14 | 2.30 | +0.84 |
Omega ratioGain probability vs. loss probability | 1.47 | 1.34 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 2.72 | 2.58 | +0.14 |
Martin ratioReturn relative to average drawdown | 10.35 | 9.84 | +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
| IEMGX | IEMG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.51 | 1.70 | +0.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.25 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.42 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.28 | +0.04 |
Correlation
The correlation between IEMGX and IEMG 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
IEMGX vs. IEMG - Dividend Comparison
IEMGX's dividend yield for the trailing twelve months is around 5.75%, more than IEMG's 2.63% 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% |
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% |
Drawdowns
IEMGX vs. IEMG - Drawdown Comparison
The maximum IEMGX drawdown since its inception was -41.87%, which is greater than IEMG's maximum drawdown of -38.71%. Use the drawdown chart below to compare losses from any high point for IEMGX and IEMG.
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Drawdown Indicators
| IEMGX | IEMG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.87% | -38.71% | -3.16% |
Max Drawdown (1Y)Largest decline over 1 year | -15.85% | -13.21% | -2.64% |
Max Drawdown (5Y)Largest decline over 5 years | -39.78% | -35.93% | -3.85% |
Max Drawdown (10Y)Largest decline over 10 years | -41.87% | -38.71% | -3.16% |
Current DrawdownCurrent decline from peak | -13.53% | -9.40% | -4.13% |
Average DrawdownAverage peak-to-trough decline | -15.24% | -13.11% | -2.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.16% | 3.46% | +0.70% |
Volatility
IEMGX vs. IEMG - Volatility Comparison
Voya Multi-Manager Emerging Markets Equity Fund (IEMGX) has a higher volatility of 11.78% compared to iShares Core MSCI Emerging Markets ETF (IEMG) at 9.35%. This indicates that IEMGX's price experiences larger fluctuations and is considered to be riskier than IEMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IEMGX | IEMG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.78% | 9.35% | +2.43% |
Volatility (6M)Calculated over the trailing 6-month period | 16.13% | 14.68% | +1.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.06% | 19.79% | +2.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.50% | 17.91% | -0.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.01% | 19.84% | -1.83% |