PLMIX vs. IMCDX

Last updated Jun 23, 2026

PLMIX (PIMCO Emerging Markets Currency and Short-Term Investments Fund) and IMCDX (Voya Emerging Markets Corporate Debt Fund) are both Emerging Markets Bonds funds. At a 0.36 correlation, their price movements are largely independent. PLMIX charges 0.85%/yr vs 0.10%/yr for IMCDX.

Performance

PLMIX vs. IMCDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Emerging Markets Currency and Short-Term Investments Fund (PLMIX) and Voya Emerging Markets Corporate Debt Fund (IMCDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PLMIX

• 1D: -0.39%
• 1M: 1.05%
• YTD: 3.61%
• 6M: 4.89%
• 1Y: 11.01%
• 3Y*: 8.07%
• 5Y*: 4.66%
• 10Y*: 3.80%

IMCDX

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

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

PLMIX vs. IMCDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PLMIX PIMCO Emerging Markets Currency and Short-Term Investments Fund	3.61%	17.29%	0.57%	9.01%	-4.12%	-2.76%	2.28%	6.21%	-4.43%	12.89%
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 PLMIX and IMCDX is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (5Y) Calculated over the trailing 5-year period	0.36
Correlation (10Y) Calculated over the trailing 10-year period	0.37
Correlation (All Time) Calculated using the full available price history since Jul 31, 2012	0.36

Return for Risk

PLMIX vs. IMCDX — Risk / Return Rank

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

PLMIX

PLMIX Risk / Return Rank: 47
PLMIX Sharpe Ratio Rank: 47
PLMIX Sortino Ratio Rank: 50
PLMIX Omega Ratio Rank: 53
PLMIX Calmar Ratio Rank: 41
PLMIX Martin Ratio Rank: 44

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.

PLMIX vs. IMCDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Emerging Markets Currency and Short-Term Investments Fund (PLMIX) 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.

	PLMIX	IMCDX	Difference
Sharpe ratio: Return per unit of total volatility	1.87	—	—
Sortino ratio: Return per unit of downside risk	2.73	—	—
Omega ratio: Gain probability vs. loss probability	1.37	—	—
Calmar ratio: Return relative to maximum drawdown	2.33	—	—
Martin ratio: Return relative to average drawdown	8.75	—	—

Drawdowns

Drawdown Indicators

	PLMIX	IMCDX	Difference
Max Drawdown Largest peak-to-trough decline	-28.76%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-4.70%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-4.70%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-13.95%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-17.50%	—	—
Current Drawdown Current decline from peak	-1.16%	—	—
Average Drawdown Average peak-to-trough decline	-5.71%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.25%	—	—

Volatility

Volatility by Period

	PLMIX	IMCDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.99%	—	—
Volatility (6M) Calculated over the trailing 6-month period	4.96%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	5.86%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.03%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.32%	—	—

PLMIX vs. IMCDX - Expense Ratio Comparison

PLMIX has a 0.85% expense ratio, which is higher than IMCDX's 0.10% expense ratio.

Dividends

PLMIX vs. IMCDX - Dividend Comparison

PLMIX's dividend yield for the trailing twelve months is around 8.43%, 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%
PLMIX PIMCO Emerging Markets Currency and Short-Term Investments Fund	8.43%	7.44%	7.08%	6.40%	1.97%	1.47%	1.63%	4.10%	12.65%	2.82%	2.88%	2.75%

Frequently Asked Questions

Can I hold both PLMIX and IMCDX in my portfolio?

PLMIX and IMCDX have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.