IGD vs. IMCDX

Last updated Jun 24, 2026

IGD (Voya Global Equity Dividend and Premium Opportunity Fund) and IMCDX (Voya Emerging Markets Corporate Debt Fund) are both mutual funds - IGD is a Global Equity Income fund managed by Voya, while IMCDX is a Emerging Markets Bonds fund managed by Voya. At a 0.21 correlation, their price movements are largely independent. IGD charges 0.01%/yr vs 0.10%/yr for IMCDX.

Performance

IGD vs. IMCDX - Performance Comparison

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

Returns By Period

IGD

• 1D: 0.81%
• 1M: -0.49%
• YTD: 13.22%
• 6M: 12.43%
• 1Y: 22.80%
• 3Y*: 19.26%
• 5Y*: 11.26%
• 10Y*: 9.46%

IMCDX

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

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

IGD vs. IMCDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IGD Voya Global Equity Dividend and Premium Opportunity Fund	13.22%	18.22%	22.44%	1.00%	-5.01%	29.11%	-7.25%	16.91%	-16.19%	25.85%
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 IGD and IMCDX is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (5Y) Calculated over the trailing 5-year period	0.18
Correlation (10Y) Calculated over the trailing 10-year period	0.20
Correlation (All Time) Calculated using the full available price history since Jul 31, 2012	0.21

Return for Risk

IGD vs. IMCDX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IGD

IGD Risk / Return Rank: 58
IGD Sharpe Ratio Rank: 47
IGD Sortino Ratio Rank: 46
IGD Omega Ratio Rank: 43
IGD Calmar Ratio Rank: 84
IGD Martin Ratio Rank: 70

IMCDX

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

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IGD vs. IMCDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Voya Global Equity Dividend and Premium Opportunity Fund (IGD) 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.

	IGD	IMCDX	Difference
Sharpe ratio: Return per unit of total volatility	1.87	—	—
Sortino ratio: Return per unit of downside risk	2.62	—	—
Omega ratio: Gain probability vs. loss probability	1.33	—	—
Calmar ratio: Return relative to maximum drawdown	3.70	—	—
Martin ratio: Return relative to average drawdown	12.62	—	—

Drawdowns

Drawdown Indicators

	IGD	IMCDX	Difference
Max Drawdown Largest peak-to-trough decline	-59.29%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-6.20%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-11.01%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-15.81%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-41.03%	—	—
Current Drawdown Current decline from peak	-1.43%	—	—
Average Drawdown Average peak-to-trough decline	-9.87%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.81%	—	—

Volatility

Volatility by Period

	IGD	IMCDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.08%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.63%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.25%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.55%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.61%	—	—

IGD vs. IMCDX - Expense Ratio Comparison

IGD has a 0.02% 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

IGD vs. IMCDX - Dividend Comparison

IGD's dividend yield for the trailing twelve months is around 10.47%, while IMCDX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IGD Voya Global Equity Dividend and Premium Opportunity Fund	10.47%	11.36%	11.44%	9.66%	8.87%	7.73%	9.20%	10.47%	12.49%	9.45%	13.23%	13.03%
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 IGD and IMCDX in my portfolio?

IGD and IMCDX have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.