IHD vs. IEDAX

Last updated Apr 1, 2026

Compare and contrast key facts about Voya Emerging Markets High Dividend Equity Fund (IHD) and Voya Large Cap Value Fund (IEDAX).

IHD is managed by Voya. It was launched on Apr 26, 2011. IEDAX is managed by Voya. It was launched on Dec 18, 2007.

Performance

IHD vs. IEDAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Voya Emerging Markets High Dividend Equity Fund (IHD) and Voya Large Cap Value Fund (IEDAX). The values are adjusted to include any dividend payments, if applicable.

IHD vs. IEDAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IHD Voya Emerging Markets High Dividend Equity Fund	7.91%	41.70%	7.80%	13.95%	-17.18%	7.39%	1.73%	20.55%	-10.23%	29.84%
IEDAX Voya Large Cap Value Fund	-5.90%	12.42%	16.47%	13.26%	-3.86%	26.38%	5.53%	35.63%	-8.29%	13.36%

Returns By Period

In the year-to-date period, IHD achieves a 7.91% return, which is significantly higher than IEDAX's -5.90% return. Over the past 10 years, IHD has underperformed IEDAX with an annualized return of 10.04%, while IEDAX has yielded a comparatively higher 11.18% annualized return.

IHD

• 1D: 3.74%
• 1M: -5.33%
• YTD: 7.91%
• 6M: 11.76%
• 1Y: 40.47%
• 3Y*: 21.75%
• 5Y*: 8.27%
• 10Y*: 10.04%

IEDAX

• 1D: -0.28%
• 1M: -8.14%
• YTD: -5.90%
• 6M: -2.15%
• 1Y: 2.54%
• 3Y*: 10.82%
• 5Y*: 8.70%
• 10Y*: 11.18%

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

IHD vs. IEDAX - Expense Ratio Comparison

IHD has a 0.01% expense ratio, which is lower than IEDAX's 1.10% expense ratio.

IEDAX

Voya Large Cap Value Fund

IHD

Voya Emerging Markets High Dividend Equity Fund

Return for Risk

IHD vs. IEDAX — Risk / Return Rank

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

IHD

IHD Risk / Return Rank: 93
IHD Sharpe Ratio Rank: 94
IHD Sortino Ratio Rank: 91
IHD Omega Ratio Rank: 90
IHD Calmar Ratio Rank: 95
IHD Martin Ratio Rank: 94

IEDAX

IEDAX Risk / Return Rank: 8
IEDAX Sharpe Ratio Rank: 9
IEDAX Sortino Ratio Rank: 8
IEDAX Omega Ratio Rank: 8
IEDAX Calmar Ratio Rank: 7
IEDAX Martin Ratio Rank: 7

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.

IHD vs. IEDAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Voya Emerging Markets High Dividend Equity Fund (IHD) and Voya Large Cap Value Fund (IEDAX). 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.

	IHD	IEDAX	Difference
Sharpe ratio Return per unit of total volatility	2.14	0.17	+1.96
Sortino ratio Return per unit of downside risk	2.67	0.35	+2.32
Omega ratio Gain probability vs. loss probability	1.41	1.05	+0.36
Calmar ratio Return relative to maximum drawdown	3.28	0.02	+3.25
Martin ratio Return relative to average drawdown	12.03	0.10	+11.94
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IHD vs. IEDAX - Sharpe Ratio Comparison

The current IHD Sharpe Ratio is 2.14, which is higher than the IEDAX Sharpe Ratio of 0.17. The chart below compares the historical Sharpe Ratios of IHD and IEDAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IHD	IEDAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.14	0.17	+1.96
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.47	0.52	-0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.52	0.60	-0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	0.45	-0.28

Correlation

The correlation between IHD and IEDAX is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

IHD vs. IEDAX - Dividend Comparison

IHD's dividend yield for the trailing twelve months is around 10.74%, more than IEDAX's 8.53% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IHD Voya Emerging Markets High Dividend Equity Fund	10.74%	11.40%	13.67%	10.21%	13.95%	10.14%	9.92%	9.14%	10.15%	8.31%	11.74%	14.00%
IEDAX Voya Large Cap Value Fund	8.53%	8.03%	15.43%	10.92%	8.06%	16.02%	9.13%	17.61%	11.75%	11.03%	1.89%	8.59%

Drawdowns

IHD vs. IEDAX - Drawdown Comparison

The maximum IHD drawdown since its inception was -48.76%, roughly equal to the maximum IEDAX drawdown of -47.31%. Use the drawdown chart below to compare losses from any high point for IHD and IEDAX.

Drawdown Indicators

	IHD	IEDAX	Difference
Max Drawdown Largest peak-to-trough decline	-48.76%	-47.31%	-1.45%
Max Drawdown (1Y) Largest decline over 1 year	-12.50%	-12.05%	-0.45%
Max Drawdown (5Y) Largest decline over 5 years	-36.13%	-22.40%	-13.73%
Max Drawdown (10Y) Largest decline over 10 years	-42.81%	-39.36%	-3.45%
Current Drawdown Current decline from peak	-6.52%	-10.04%	+3.52%
Average Drawdown Average peak-to-trough decline	-18.16%	-6.54%	-11.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.43%	3.58%	-0.15%

Volatility

IHD vs. IEDAX - Volatility Comparison

Voya Emerging Markets High Dividend Equity Fund (IHD) has a higher volatility of 9.66% compared to Voya Large Cap Value Fund (IEDAX) at 3.89%. This indicates that IHD's price experiences larger fluctuations and is considered to be riskier than IEDAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IHD	IEDAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.66%	3.89%	+5.77%
Volatility (6M) Calculated over the trailing 6-month period	14.00%	8.41%	+5.59%
Volatility (1Y) Calculated over the trailing 1-year period	19.04%	15.52%	+3.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.65%	17.18%	+0.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.40%	18.79%	+0.61%