IJMIX vs. IMCDX

Last updated Jun 6, 2026

IJMIX (VY JPMorgan Mid Cap Value Portfolio) and IMCDX (Voya Emerging Markets Corporate Debt Fund) are both mutual funds - IJMIX is a Mid Cap Value Equities fund managed by Voya, while IMCDX is a Emerging Markets Bonds fund managed by Voya. At a 0.16 correlation, their price movements are largely independent. IJMIX charges 0.88%/yr vs 0.10%/yr for IMCDX.

Performance

IJMIX vs. IMCDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VY JPMorgan Mid Cap Value Portfolio (IJMIX) and Voya Emerging Markets Corporate Debt Fund (IMCDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IJMIX

• 1D: 0.77%
• 1M: 0.51%
• YTD: 8.02%
• 6M: 6.91%
• 1Y: 13.97%
• 3Y*: 13.01%
• 5Y*: 6.23%
• 10Y*: 8.79%

IMCDX

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

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

IJMIX vs. IMCDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IJMIX VY JPMorgan Mid Cap Value Portfolio	8.02%	3.49%	14.20%	10.81%	-8.20%	29.83%	0.61%	26.34%	-11.91%	14.06%
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 IJMIX and IMCDX is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (5Y) Calculated over the trailing 5-year period	0.19
Correlation (10Y) Calculated over the trailing 10-year period	0.18
Correlation (All Time) Calculated using the full available price history since Aug 1, 2012	0.16

Return for Risk

IJMIX vs. IMCDX — Risk / Return Rank

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

IJMIX

IJMIX Risk / Return Rank: 21
IJMIX Sharpe Ratio Rank: 13
IJMIX Sortino Ratio Rank: 13
IJMIX Omega Ratio Rank: 18
IJMIX Calmar Ratio Rank: 28
IJMIX Martin Ratio Rank: 31

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.

IJMIX vs. IMCDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VY JPMorgan Mid Cap Value Portfolio (IJMIX) 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.

	IJMIX	IMCDX	Difference
Sharpe ratio: Return per unit of total volatility	0.92	—	—
Sortino ratio: Return per unit of downside risk	1.39	—	—
Omega ratio: Gain probability vs. loss probability	1.21	—	—
Calmar ratio: Return relative to maximum drawdown	1.86	—	—
Martin ratio: Return relative to average drawdown	6.90	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	IJMIX	IMCDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.92	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.36	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	—	—

Drawdowns

Drawdown Indicators

	IJMIX	IMCDX	Difference
Max Drawdown Largest peak-to-trough decline	-54.73%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-8.26%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-18.61%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-18.96%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-43.18%	—	—
Current Drawdown Current decline from peak	-0.00%	—	—
Average Drawdown Average peak-to-trough decline	-10.22%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.19%	—	—

Volatility

Volatility by Period

	IJMIX	IMCDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.37%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.80%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.71%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.74%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.69%	—	—

IJMIX vs. IMCDX - Expense Ratio Comparison

IJMIX has a 0.88% expense ratio, which is higher than IMCDX's 0.10% expense ratio.

Dividends

IJMIX vs. IMCDX - Dividend Comparison

IJMIX's dividend yield for the trailing twelve months is around 14.56%, while IMCDX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IJMIX VY JPMorgan Mid Cap Value Portfolio	14.56%	15.72%	6.03%	11.36%	20.71%	4.23%	9.14%	14.29%	11.98%	10.41%	10.24%	17.53%
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 IJMIX and IMCDX in my portfolio?

IJMIX and IMCDX have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.