IRSQX vs. IMCDX

Last updated Jun 4, 2026

IRSQX (Voya Target Retirement 2050 Fund) and IMCDX (Voya Emerging Markets Corporate Debt Fund) are both mutual funds - IRSQX is a Target Retirement Date fund managed by Voya, while IMCDX is a Emerging Markets Bonds fund managed by Voya. At a 0.23 correlation, their price movements are largely independent. IRSQX charges 0.22%/yr vs 0.10%/yr for IMCDX.

Performance

IRSQX vs. IMCDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Voya Target Retirement 2050 Fund (IRSQX) and Voya Emerging Markets Corporate Debt Fund (IMCDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IRSQX

• 1D: 0.40%
• 1M: 5.64%
• YTD: 13.02%
• 6M: 13.89%
• 1Y: 29.66%
• 3Y*: 20.11%
• 5Y*: 10.53%
• 10Y*: 11.97%

IMCDX

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

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

IRSQX vs. IMCDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IRSQX Voya Target Retirement 2050 Fund	13.02%	20.71%	15.32%	20.47%	-18.75%	18.82%	17.28%	25.25%	-9.37%	20.99%
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 IRSQX and IMCDX is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (5Y) Calculated over the trailing 5-year period	0.26
Correlation (10Y) Calculated over the trailing 10-year period	0.24
Correlation (All Time) Calculated using the full available price history since Dec 26, 2012	0.23

Return for Risk

IRSQX vs. IMCDX — Risk / Return Rank

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

IRSQX

IRSQX Risk / Return Rank: 81
IRSQX Sharpe Ratio Rank: 83
IRSQX Sortino Ratio Rank: 81
IRSQX Omega Ratio Rank: 76
IRSQX Calmar Ratio Rank: 77
IRSQX 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.

IRSQX vs. IMCDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Voya Target Retirement 2050 Fund (IRSQX) 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.

	IRSQX	IMCDX	Difference
Sharpe ratio Return per unit of total volatility	2.71	—	—
Sortino ratio Return per unit of downside risk	3.87	—	—
Omega ratio Gain probability vs. loss probability	1.50	—	—
Calmar ratio Return relative to maximum drawdown	3.50	—	—
Martin ratio Return relative to average drawdown	16.89	—	—
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

	IRSQX	IMCDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.71	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.70	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.75	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.74	—	—

Drawdowns

Drawdown Indicators

	IRSQX	IMCDX	Difference
Max Drawdown Largest peak-to-trough decline	-33.06%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-9.42%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.91%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-26.14%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-33.06%	—	—
Current Drawdown Current decline from peak	0.00%	—	—
Average Drawdown Average peak-to-trough decline	-4.49%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.88%	—	—

Volatility

Volatility by Period

	IRSQX	IMCDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.67%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.96%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.17%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.30%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.15%	—	—

IRSQX vs. IMCDX - Expense Ratio Comparison

IRSQX has a 0.22% 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

IRSQX vs. IMCDX - Dividend Comparison

IRSQX's dividend yield for the trailing twelve months is around 14.10%, 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%
IRSQX Voya Target Retirement 2050 Fund	14.10%	15.94%	1.93%	1.89%	6.50%	20.41%	2.18%	4.80%	7.33%	6.29%	1.94%	0.44%

Frequently Asked Questions

Can I hold both IRSQX and IMCDX in my portfolio?

IRSQX and IMCDX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.