KF vs. IHD
KF (The Korea Fund Inc) and IHD (Voya Emerging Markets High Dividend Equity Fund) are both Emerging Markets Equities funds. Over the past 10 years, KF returned 12.77%/yr vs 10.79%/yr for IHD. Their 0.55 correlation means they have sometimes moved together and sometimes differently. KF charges 0.01%/yr vs 0.01%/yr for IHD.
Performance
KF vs. IHD - Performance Comparison
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Returns By Period
In the year-to-date period, KF achieves a 52.92% return, which is significantly higher than IHD's 22.26% return. Over the past 10 years, KF has outperformed IHD with an annualized return of 12.77%, while IHD has yielded a comparatively lower 10.79% annualized return.
KF
- 1D
- -2.46%
- 1M
- -18.91%
- 6M
- 19.78%
- YTD
- 52.92%
- 1Y
- 109.71%
- 3Y*
- 33.59%
- 5Y*
- 13.63%
- 10Y*
- 12.77%
- ALL TIME*
- 7.03%
IHD
- 1D
- 1.95%
- 1M
- -3.68%
- 6M
- 11.58%
- YTD
- 22.26%
- 1Y
- 39.71%
- 3Y*
- 24.53%
- 5Y*
- 11.86%
- 10Y*
- 10.79%
- ALL TIME*
- 4.19%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $344.98K | $446.22K | $711.40K | |
| $1.71M | $1.51M | $1.67M |
KF vs. IHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KF The Korea Fund Inc | 52.92% | 99.36% | -19.29% | 12.34% | -30.02% | 8.44% | 37.14% | 6.83% | -19.26% | 42.50% |
IHD Voya Emerging Markets High Dividend Equity Fund | 22.26% | 41.70% | 7.80% | 13.95% | -17.18% | 7.39% | 1.73% | 20.55% | -10.23% | 29.84% |
Correlation
The correlation between KF and IHD is 0.56, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.56 |
Correlation (3Y) Balances recent behavior with more history. | 0.54 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.55 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.57 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2011 | 0.55 |
The correlation between KF and IHD has been stable across timeframes, ranging from 0.54 to 0.57 - a consistent structural relationship.
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Return for Risk
KF vs. IHD — Risk / Return Rank
KF
IHD
KF vs. IHD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Korea Fund Inc (KF) and Voya Emerging Markets High Dividend Equity Fund (IHD). 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.
| KF | IHD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.35 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.93 | 3.46 | -0.53 |
| Martin ratioReturn relative to average drawdown | 10.48 | 10.01 | +0.47 |
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Drawdowns
KF vs. IHD - Drawdown Comparison
The maximum KF drawdown since its inception was -85.25%, which is greater than IHD's maximum drawdown of -48.76%. Use the drawdown chart below to compare losses from any high point for KF and IHD.
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Drawdown Indicators
| KF | IHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.25% | -48.76% | -36.49% |
Max Drawdown (1Y)Largest decline over 1 year | -35.19% | -11.15% | -24.04% |
Max Drawdown (3Y)Largest decline over 3 years | -35.19% | -14.35% | -20.84% |
Max Drawdown (5Y)Largest decline over 5 years | -46.83% | -30.04% | -16.79% |
Max Drawdown (10Y)Largest decline over 10 years | -52.91% | -42.81% | -10.10% |
Current DrawdownCurrent decline from peak | -30.62% | -8.08% | -22.54% |
Average DrawdownAverage peak-to-trough decline | -37.80% | -17.83% | -19.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.82% | 3.85% | +5.97% |
Volatility
KF vs. IHD - Volatility Comparison
The Korea Fund Inc (KF) has a higher volatility of 18.84% compared to Voya Emerging Markets High Dividend Equity Fund (IHD) at 5.12%. This indicates that KF's price experiences larger fluctuations and is considered to be riskier than IHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KF | IHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.84% | 5.12% | +13.72% |
Volatility (6M)Calculated over the trailing 6-month period | 46.99% | 16.97% | +30.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.38% | 19.71% | +30.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.66% | 18.05% | +12.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.58% | 19.57% | +8.01% |
KF vs. IHD - Expense Ratio Comparison
KF has a 0.02% expense ratio, which is higher than IHD's 0.01% 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
KF vs. IHD - Dividend Comparison
KF's dividend yield for the trailing twelve months is around 0.79%, less than IHD's 9.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IHD Voya Emerging Markets High Dividend Equity Fund | 9.02% | 11.40% | 13.67% | 10.21% | 13.95% | 10.14% | 9.92% | 9.14% | 10.15% | 8.31% | 11.74% | 14.00% |
KF The Korea Fund Inc | 0.79% | 1.20% | 2.46% | 0.00% | 15.93% | 26.50% | 1.30% | 0.24% | 18.67% | 9.75% | 1.03% | 13.66% |
Frequently Asked Questions
KF and IHD have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KF has higher volatility (18.84%) compared to IHD (5.12%). In terms of maximum drawdown, KF dropped -85.25% vs IHD's -48.76%.
KF currently has the higher Sharpe Ratio (2.05 vs 1.96), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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