IRSNX vs. IMCDX

Last updated Jun 23, 2026

IRSNX (Voya Target Retirement 2035 Fund) and IMCDX (Voya Emerging Markets Corporate Debt Fund) are both mutual funds - IRSNX is a Target Retirement Date fund managed by Voya, while IMCDX is a Emerging Markets Bonds fund managed by Voya. At a 0.25 correlation, their price movements are largely independent. IRSNX charges 0.20%/yr vs 0.10%/yr for IMCDX.

Performance

IRSNX vs. IMCDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Voya Target Retirement 2035 Fund (IRSNX) and Voya Emerging Markets Corporate Debt Fund (IMCDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IRSNX

• 1D: 0.89%
• 1M: 1.53%
• YTD: 9.57%
• 6M: 9.50%
• 1Y: 22.75%
• 3Y*: 15.37%
• 5Y*: 8.29%
• 10Y*: 10.21%

IMCDX

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

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

IRSNX vs. IMCDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IRSNX Voya Target Retirement 2035 Fund	9.57%	17.23%	12.30%	17.56%	-17.97%	15.51%	15.76%	22.33%	-7.50%	19.14%
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 IRSNX and IMCDX is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.29
Correlation (10Y) Calculated over the trailing 10-year period	0.27
Correlation (All Time) Calculated using the full available price history since Dec 24, 2012	0.25

Return for Risk

IRSNX vs. IMCDX — Risk / Return Rank

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

IRSNX

IRSNX Risk / Return Rank: 81
IRSNX Sharpe Ratio Rank: 80
IRSNX Sortino Ratio Rank: 81
IRSNX Omega Ratio Rank: 77
IRSNX Calmar Ratio Rank: 77
IRSNX Martin Ratio Rank: 87

IMCDX

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

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.

IRSNX vs. IMCDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Voya Target Retirement 2035 Fund (IRSNX) 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.

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.

	IRSNX	IMCDX	Difference
Sharpe ratio: Return per unit of total volatility	2.43	—	—
Sortino ratio: Return per unit of downside risk	3.54	—	—
Omega ratio: Gain probability vs. loss probability	1.46	—	—
Calmar ratio: Return relative to maximum drawdown	3.30	—	—
Martin ratio: Return relative to average drawdown	15.36	—	—

Drawdowns

Drawdown Indicators

	IRSNX	IMCDX	Difference
Max Drawdown Largest peak-to-trough decline	-29.52%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-7.45%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-12.03%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-24.44%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-29.52%	—	—
Current Drawdown Current decline from peak	-0.38%	—	—
Average Drawdown Average peak-to-trough decline	-4.10%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.54%	—	—

Volatility

Volatility by Period

	IRSNX	IMCDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.90%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.28%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.09%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.48%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.48%	—	—

IRSNX vs. IMCDX - Expense Ratio Comparison

IRSNX has a 0.20% expense ratio, which is higher than IMCDX's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

IRSNX vs. IMCDX - Dividend Comparison

IRSNX's dividend yield for the trailing twelve months is around 8.78%, 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%
IRSNX Voya Target Retirement 2035 Fund	8.78%	9.62%	2.15%	2.25%	6.05%	17.46%	4.26%	4.23%	6.04%	6.30%	1.73%	0.37%

Frequently Asked Questions

Can I hold both IRSNX and IMCDX in my portfolio?

IRSNX and IMCDX have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.