IOSIX vs. IMCDX

Last updated Jun 4, 2026

IOSIX (Voya Global Bond Portfolio) and IMCDX (Voya Emerging Markets Corporate Debt Fund) are both mutual funds - IOSIX is a Global Bonds fund managed by Voya, while IMCDX is a Emerging Markets Bonds fund managed by Voya. At a 0.44 correlation, their price movements are largely independent. IOSIX charges 0.67%/yr vs 0.10%/yr for IMCDX.

Performance

IOSIX vs. IMCDX - Performance Comparison

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

Returns By Period

IOSIX

• 1D: 0.25%
• 1M: 0.51%
• YTD: 0.04%
• 6M: 0.27%
• 1Y: 2.43%
• 3Y*: 3.72%
• 5Y*: -2.25%
• 10Y*: 0.76%

IMCDX

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

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

IOSIX vs. IMCDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IOSIX Voya Global Bond Portfolio	0.04%	8.09%	-1.31%	5.85%	-18.95%	-5.21%	9.21%	7.92%	-1.99%	9.68%
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 IOSIX and IMCDX is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (5Y) Calculated over the trailing 5-year period	0.51
Correlation (10Y) Calculated over the trailing 10-year period	0.46
Correlation (All Time) Calculated using the full available price history since Aug 1, 2012	0.44

The correlation between IOSIX and IMCDX has been stable across timeframes, ranging from 0.44 to 0.51 - a consistent structural relationship.

Return for Risk

IOSIX vs. IMCDX — Risk / Return Rank

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

IOSIX

IOSIX Risk / Return Rank: 5
IOSIX Sharpe Ratio Rank: 6
IOSIX Sortino Ratio Rank: 5
IOSIX Omega Ratio Rank: 5
IOSIX Calmar Ratio Rank: 6
IOSIX Martin Ratio Rank: 6

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.

IOSIX vs. IMCDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Voya Global Bond Portfolio (IOSIX) 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.

	IOSIX	IMCDX	Difference
Sharpe ratio: Return per unit of total volatility	0.42	—	—
Sortino ratio: Return per unit of downside risk	0.65	—	—
Omega ratio: Gain probability vs. loss probability	1.08	—	—
Calmar ratio: Return relative to maximum drawdown	0.49	—	—
Martin ratio: Return relative to average drawdown	1.42	—	—
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

	IOSIX	IMCDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.42	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.35	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.13	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	—	—

Drawdowns

Drawdown Indicators

	IOSIX	IMCDX	Difference
Max Drawdown Largest peak-to-trough decline	-28.75%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-4.86%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-7.86%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-27.06%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-28.75%	—	—
Current Drawdown Current decline from peak	-13.51%	—	—
Average Drawdown Average peak-to-trough decline	-10.33%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.64%	—	—

Volatility

Volatility by Period

	IOSIX	IMCDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.13%	—	—
Volatility (6M) Calculated over the trailing 6-month period	4.29%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	5.70%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.65%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.86%	—	—

IOSIX vs. IMCDX - Expense Ratio Comparison

IOSIX has a 0.67% expense ratio, which is higher than IMCDX's 0.10% expense ratio.

Dividends

IOSIX vs. IMCDX - Dividend Comparison

IOSIX's dividend yield for the trailing twelve months is around 3.54%, while IMCDX has not paid dividends to shareholders.

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%
IOSIX Voya Global Bond Portfolio	3.54%	3.19%	4.04%	3.28%	2.30%	5.60%	2.73%	4.64%	3.90%	2.50%	1.75%	0.00%

Frequently Asked Questions

Can I hold both IOSIX and IMCDX in my portfolio?

IOSIX and IMCDX have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.