IGA vs. IMCDX

Last updated Aug 5, 2026

IGA (Voya Global Advantage and Premium Opportunity Fund) and IMCDX (Voya Emerging Markets Corporate Debt Fund) are both mutual funds - IGA is a Global Allocation fund managed by Voya, while IMCDX is a Emerging Markets Bonds fund managed by Voya. Their 0.18 correlation means their historical movements had little consistent relationship. IGA charges 0.01%/yr vs 0.10%/yr for IMCDX.

Performance

IGA vs. IMCDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Voya Global Advantage and Premium Opportunity Fund (IGA) and Voya Emerging Markets Corporate Debt Fund (IMCDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IGA

• 1D: 0.20%
• 1M: 4.42%
• 6M: 9.15%
• YTD: 11.68%
• 1Y: 19.07%
• 3Y*: 19.60%
• 5Y*: 11.47%
• 10Y*: 10.39%
• ALL TIME*: 7.19%

IMCDX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IGA Voya Global Advantage and Premium Opportunity Fund	$623.93K	$583.86K	$501.79K

IGA vs. IMCDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IGA Voya Global Advantage and Premium Opportunity Fund	11.68%	18.32%	21.06%	7.55%	-8.33%	28.35%	-8.03%	23.40%	-12.35%	26.19%
IMCDX Voya Emerging Markets Corporate Debt Fund	0.00%	0.00%	6.44%	8.51%	-13.79%	0.08%	8.35%	13.65%	-1.77%	9.40%

Correlation

The correlation between IGA and IMCDX is 0.18, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (3Y) Balances recent behavior with more history.	0.18
Correlation (5Y) Shows whether the relationship held over a longer period.	0.19
Correlation (10Y) Provides a long-term view across more market conditions.	0.19
Correlation (All Time) Calculated using the full available price history since Jul 31, 2012	0.18

Return for Risk

IGA vs. IMCDX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

IGA

IGA Risk / Return Rank: 77
IGA Sharpe Ratio Rank: 80
IGA Sortino Ratio Rank: 80
IGA Omega Ratio Rank: 76
IGA Calmar Ratio Rank: 77
IGA Martin Ratio Rank: 73

IMCDX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IGA vs. IMCDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Voya Global Advantage and Premium Opportunity Fund (IGA) and Voya Emerging Markets Corporate Debt Fund (IMCDX). 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.

	IGA	IMCDX	Difference
Sharpe ratio: Return per unit of total volatility	2.01	—	—
Sortino ratio: Return per unit of downside risk	2.88	—	—
Omega ratio: Gain probability vs. loss probability	1.37	—	—
Calmar ratio: Return relative to maximum drawdown	2.75	—	—
Martin ratio: Return relative to average drawdown	10.04	—	—

Drawdowns

Drawdown Indicators

	IGA	IMCDX	Difference
Max Drawdown Largest peak-to-trough decline	-57.16%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-6.95%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-11.22%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-16.98%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-41.68%	—	—
Current Drawdown Current decline from peak	0.00%	—	—
Average Drawdown Average peak-to-trough decline	-7.99%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.90%	—	—

Volatility

Volatility by Period

	IGA	IMCDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.98%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.76%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.57%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.86%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.24%	—	—

IGA vs. IMCDX - Expense Ratio Comparison

IGA has a 0.01% expense ratio, which is lower than IMCDX's 0.10% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

IGA vs. IMCDX - Dividend Comparison

IGA's dividend yield for the trailing twelve months is around 9.98%, while IMCDX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IGA Voya Global Advantage and Premium Opportunity Fund	9.98%	11.37%	11.38%	9.25%	9.06%	7.60%	9.01%	8.05%	9.78%	7.87%	10.83%	10.72%
IMCDX Voya Emerging Markets Corporate Debt Fund	0.00%	0.00%	4.08%	4.21%	3.80%	6.14%	4.64%	4.99%	5.30%	4.79%	5.22%	5.11%

Frequently Asked Questions

Can I hold both IGA and IMCDX in my portfolio?

IGA and IMCDX have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.