TEDNX vs. IMCDX

Last updated Apr 1, 2026

Compare and contrast key facts about TIAA-CREF Emerging Markets Debt Fund (TEDNX) and Voya Emerging Markets Corporate Debt Fund (IMCDX).

TEDNX is managed by TIAA Investments. It was launched on Sep 25, 2014. IMCDX is managed by Voya. It was launched on Aug 8, 2012.

Performance

TEDNX vs. IMCDX - Performance Comparison

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

TEDNX vs. IMCDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TEDNX TIAA-CREF Emerging Markets Debt Fund	-3.29%	13.84%	8.61%	12.56%	-14.41%	-0.86%	6.13%	17.49%	-5.95%	12.07%
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

TEDNX

• 1D: -0.11%
• 1M: -5.26%
• YTD: -3.29%
• 6M: -0.36%
• 1Y: 7.78%
• 3Y*: 9.88%
• 5Y*: 3.34%
• 10Y*: 4.93%

IMCDX

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

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

TEDNX vs. IMCDX - Expense Ratio Comparison

TEDNX has a 0.62% expense ratio, which is higher than IMCDX's 0.10% expense ratio.

TEDNX

TIAA-CREF Emerging Markets Debt Fund

IMCDX

Voya Emerging Markets Corporate Debt Fund

Return for Risk

TEDNX vs. IMCDX — Risk / Return Rank

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

TEDNX

TEDNX Risk / Return Rank: 77
TEDNX Sharpe Ratio Rank: 85
TEDNX Sortino Ratio Rank: 81
TEDNX Omega Ratio Rank: 88
TEDNX Calmar Ratio Rank: 57
TEDNX Martin Ratio Rank: 73

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.

TEDNX vs. IMCDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Emerging Markets Debt Fund (TEDNX) 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.

	TEDNX	IMCDX	Difference
Sharpe ratio Return per unit of total volatility	1.62	—	—
Sortino ratio Return per unit of downside risk	2.05	—	—
Omega ratio Gain probability vs. loss probability	1.38	—	—
Calmar ratio Return relative to maximum drawdown	1.34	—	—
Martin ratio Return relative to average drawdown	6.96	—	—
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

	TEDNX	IMCDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.62	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.63	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.82	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.78	—	—

Correlation

The correlation between TEDNX 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

TEDNX vs. IMCDX - Dividend Comparison

TEDNX's dividend yield for the trailing twelve months is around 4.84%, while IMCDX has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TEDNX TIAA-CREF Emerging Markets Debt Fund	4.84%	5.80%	6.58%	5.03%	6.15%	4.81%	4.27%	5.28%	5.58%	5.93%	5.56%	5.18%
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

	TEDNX	IMCDX	Difference
Max Drawdown Largest peak-to-trough decline	-25.65%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-5.36%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.65%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-25.65%	—	—
Current Drawdown Current decline from peak	-5.36%	—	—
Average Drawdown Average peak-to-trough decline	-4.70%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.03%	—	—

Volatility

Volatility by Period

	TEDNX	IMCDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.43%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.07%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.77%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.37%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.05%	—	—