IMCDX vs. DBELX

Last updated Apr 1, 2026

Compare and contrast key facts about Voya Emerging Markets Corporate Debt Fund (IMCDX) and DoubleLine Emerging Markets Local Currency Bond Fund (DBELX).

IMCDX is managed by Voya. It was launched on Aug 8, 2012. DBELX is managed by DoubleLine. It was launched on Jun 27, 2019.

Performance

IMCDX vs. DBELX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Voya Emerging Markets Corporate Debt Fund (IMCDX) and DoubleLine Emerging Markets Local Currency Bond Fund (DBELX). The values are adjusted to include any dividend payments, if applicable.

IMCDX vs. DBELX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
IMCDX Voya Emerging Markets Corporate Debt Fund	0.00%	0.00%	6.44%	8.51%	-13.79%	0.08%	8.35%	4.27%
DBELX DoubleLine Emerging Markets Local Currency Bond Fund	-2.91%	20.86%	-4.37%	12.50%	-6.99%	-9.37%	2.61%	0.89%

Returns By Period

IMCDX

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

DBELX

• 1D: -0.32%
• 1M: -6.70%
• YTD: -2.91%
• 6M: 0.26%
• 1Y: 12.48%
• 3Y*: 6.49%
• 5Y*: 2.63%
• 10Y*: —

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

IMCDX vs. DBELX - Expense Ratio Comparison

IMCDX has a 0.10% expense ratio, which is lower than DBELX's 0.90% expense ratio.

DBELX

DoubleLine Emerging Markets Local Currency Bond Fund

IMCDX

Voya Emerging Markets Corporate Debt Fund

Return for Risk

IMCDX vs. DBELX — Risk / Return Rank

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

DBELX

DBELX Risk / Return Rank: 86
DBELX Sharpe Ratio Rank: 91
DBELX Sortino Ratio Rank: 90
DBELX Omega Ratio Rank: 88
DBELX Calmar Ratio Rank: 78
DBELX Martin Ratio Rank: 84

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.

IMCDX vs. DBELX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Voya Emerging Markets Corporate Debt Fund (IMCDX) and DoubleLine Emerging Markets Local Currency Bond Fund (DBELX). 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.

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

Sharpe Ratios by Period

	IMCDX	DBELX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.93	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.38	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.20	—

Correlation

The correlation between IMCDX and DBELX is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

IMCDX vs. DBELX - Dividend Comparison

IMCDX has not paid dividends to shareholders, while DBELX's dividend yield for the trailing twelve months is around 4.02%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
DBELX DoubleLine Emerging Markets Local Currency Bond Fund	4.02%	4.41%	3.80%	2.03%	2.01%	1.98%	1.17%	1.06%	0.00%	0.00%	0.00%	0.00%

Drawdowns

Drawdown Indicators

	IMCDX	DBELX	Difference
Max Drawdown Largest peak-to-trough decline	—	-21.95%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-6.89%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-19.87%	—
Current Drawdown Current decline from peak	—	-6.89%	—
Average Drawdown Average peak-to-trough decline	—	-7.33%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.47%	—

Volatility

Volatility by Period

	IMCDX	DBELX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.00%	—
Volatility (6M) Calculated over the trailing 6-month period	—	5.24%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	6.65%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	6.99%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	7.39%	—