IMCDX vs. ESDIX

Last updated Jun 4, 2026

IMCDX (Voya Emerging Markets Corporate Debt Fund) and ESDIX (Ashmore Emerging Markets Short Duration Select Fund) are both Emerging Markets Bonds funds. A 0.58 correlation means they provide meaningful diversification when combined. IMCDX charges 0.10%/yr vs 0.67%/yr for ESDIX.

Performance

IMCDX vs. ESDIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Voya Emerging Markets Corporate Debt Fund (IMCDX) and Ashmore Emerging Markets Short Duration Select Fund (ESDIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IMCDX

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

ESDIX

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

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

IMCDX vs. ESDIX - Yearly Performance Comparison

	2025 (YTD)	2024	2023	2022	2021	2020
IMCDX Voya Emerging Markets Corporate Debt Fund	0.00%	6.44%	8.51%	-13.79%	0.08%	9.94%
ESDIX Ashmore Emerging Markets Short Duration Select Fund	1.54%	6.15%	5.31%	-9.66%	-4.21%	4.12%

Correlation

The correlation between IMCDX and ESDIX is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (All Time) Calculated using the full available price history since Jun 16, 2020	0.58

The correlation between IMCDX and ESDIX shifts across timeframes, from 0.42 (1 year) to 0.62 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

IMCDX vs. ESDIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Voya Emerging Markets Corporate Debt Fund (IMCDX) and Ashmore Emerging Markets Short Duration Select Fund (ESDIX). 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.

Drawdowns

Volatility

IMCDX vs. ESDIX - Expense Ratio Comparison

IMCDX has a 0.10% expense ratio, which is lower than ESDIX's 0.67% expense ratio.

Dividends

IMCDX vs. ESDIX - Dividend Comparison

Neither IMCDX nor ESDIX has paid dividends to shareholders.

Position	TTM	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ESDIX Ashmore Emerging Markets Short Duration Select Fund	0.00%	4.79%	3.39%	2.50%	2.60%	0.31%	0.00%	0.00%	0.00%	0.00%	0.00%
IMCDX Voya Emerging Markets Corporate Debt Fund	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 IMCDX and ESDIX in my portfolio?

IMCDX and ESDIX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.