IMCDX vs. PREMX

Last updated Jun 23, 2026

IMCDX (Voya Emerging Markets Corporate Debt Fund) and PREMX (T. Rowe Price Emerging Markets Bond Fund) are both Emerging Markets Bonds funds. A 0.67 correlation means they provide meaningful diversification when combined. IMCDX charges 0.10%/yr vs 0.99%/yr for PREMX.

Performance

IMCDX vs. PREMX - Performance Comparison

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

Returns By Period

IMCDX

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

PREMX

• 1D: 0.10%
• 1M: 2.22%
• YTD: 3.63%
• 6M: 4.18%
• 1Y: 14.83%
• 3Y*: 14.41%
• 5Y*: 4.64%
• 10Y*: 4.50%

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

IMCDX vs. PREMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
PREMX T. Rowe Price Emerging Markets Bond Fund	3.63%	15.93%	10.84%	18.52%	-18.37%	-2.44%	4.63%	11.34%	-7.22%	9.02%

Correlation

The correlation between IMCDX and PREMX is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.52
Correlation (5Y) Calculated over the trailing 5-year period	0.65
Correlation (10Y) Calculated over the trailing 10-year period	0.67
Correlation (All Time) Calculated using the full available price history since Jul 31, 2012	0.67

The correlation between IMCDX and PREMX shifts across timeframes, from 0.52 (3 years) to 0.67 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

IMCDX vs. PREMX — Risk / Return Rank

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

IMCDX

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

PREMX

PREMX Risk / Return Rank: 91
PREMX Sharpe Ratio Rank: 97
PREMX Sortino Ratio Rank: 97
PREMX Omega Ratio Rank: 93
PREMX Calmar Ratio Rank: 82
PREMX Martin Ratio Rank: 87

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. PREMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Voya Emerging Markets Corporate Debt Fund (IMCDX) and T. Rowe Price Emerging Markets Bond Fund (PREMX). 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.

	IMCDX	PREMX	Difference
Sharpe ratio: Return per unit of total volatility	—	3.28	—
Sortino ratio: Return per unit of downside risk	—	5.36	—
Omega ratio: Gain probability vs. loss probability	—	1.68	—
Calmar ratio: Return relative to maximum drawdown	—	3.57	—
Martin ratio: Return relative to average drawdown	—	15.38	—

Drawdowns

Drawdown Indicators

	IMCDX	PREMX	Difference
Max Drawdown Largest peak-to-trough decline	—	-43.95%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-4.10%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-5.88%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-31.69%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-31.69%	—
Current Drawdown Current decline from peak	—	-0.20%	—
Average Drawdown Average peak-to-trough decline	—	-5.16%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.95%	—

Volatility

Volatility by Period

	IMCDX	PREMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.25%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.53%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	4.46%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	6.66%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	7.14%	—

IMCDX vs. PREMX - Expense Ratio Comparison

IMCDX has a 0.10% expense ratio, which is lower than PREMX's 0.99% expense ratio.

Dividends

IMCDX vs. PREMX - Dividend Comparison

IMCDX has not paid dividends to shareholders, while PREMX's dividend yield for the trailing twelve months is around 5.62%.

Position	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%
PREMX T. Rowe Price Emerging Markets Bond Fund	5.62%	7.16%	9.95%	9.36%	3.96%	4.63%	4.55%	5.24%	5.29%	7.01%	6.45%	6.59%

Frequently Asked Questions

Can I hold both IMCDX and PREMX in my portfolio?

IMCDX and PREMX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.