PREMX vs. IMCDX

Last updated Apr 1, 2026

Compare and contrast key facts about T. Rowe Price Emerging Markets Bond Fund (PREMX) and Voya Emerging Markets Corporate Debt Fund (IMCDX).

PREMX is managed by T. Rowe Price. It was launched on Dec 29, 1994. IMCDX is managed by Voya. It was launched on Aug 8, 2012.

Performance

PREMX vs. IMCDX - Performance Comparison

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

PREMX vs. IMCDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PREMX T. Rowe Price Emerging Markets Bond Fund	-0.80%	16.55%	10.84%	18.52%	-18.37%	-2.44%	4.63%	11.34%	-7.22%	9.02%
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%

Returns By Period

PREMX

• 1D: -0.10%
• 1M: -4.10%
• YTD: -0.80%
• 6M: 3.23%
• 1Y: 11.53%
• 3Y*: 13.86%
• 5Y*: 4.77%
• 10Y*: 4.51%

IMCDX

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

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

PREMX vs. IMCDX - Expense Ratio Comparison

PREMX has a 0.99% expense ratio, which is higher than IMCDX's 0.10% expense ratio.

PREMX

T. Rowe Price Emerging Markets Bond Fund

IMCDX

Voya Emerging Markets Corporate Debt Fund

Return for Risk

PREMX vs. IMCDX — Risk / Return Rank

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

PREMX

PREMX Risk / Return Rank: 93
PREMX Sharpe Ratio Rank: 95
PREMX Sortino Ratio Rank: 95
PREMX Omega Ratio Rank: 93
PREMX Calmar Ratio Rank: 91
PREMX Martin Ratio Rank: 92

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.

PREMX vs. IMCDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Emerging Markets Bond Fund (PREMX) 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.

	PREMX	IMCDX	Difference
Sharpe ratio Return per unit of total volatility	2.24	—	—
Sortino ratio Return per unit of downside risk	3.18	—	—
Omega ratio Gain probability vs. loss probability	1.47	—	—
Calmar ratio Return relative to maximum drawdown	2.62	—	—
Martin ratio Return relative to average drawdown	11.05	—	—
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

	PREMX	IMCDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.24	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.72	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.63	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.86	—	—

Correlation

The correlation between PREMX and IMCDX is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

PREMX vs. IMCDX - Dividend Comparison

PREMX's dividend yield for the trailing twelve months is around 6.90%, while IMCDX has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PREMX T. Rowe Price Emerging Markets Bond Fund	6.90%	7.69%	9.95%	9.36%	3.96%	4.63%	4.55%	5.24%	5.29%	7.01%	6.45%	6.59%
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%

Drawdowns

Drawdown Indicators

	PREMX	IMCDX	Difference
Max Drawdown Largest peak-to-trough decline	-43.95%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-4.77%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-31.69%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-31.69%	—	—
Current Drawdown Current decline from peak	-4.10%	—	—
Average Drawdown Average peak-to-trough decline	-5.19%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.13%	—	—

Volatility

Volatility by Period

	PREMX	IMCDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.71%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.08%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	5.36%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.62%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.14%	—	—