TEI vs. IMCDX

Last updated Apr 1, 2026

Compare and contrast key facts about Templeton Emerging Markets Income Fund (TEI) and Voya Emerging Markets Corporate Debt Fund (IMCDX).

TEI is managed by Franklin Templeton Investments. IMCDX is managed by Voya. It was launched on Aug 8, 2012.

Performance

TEI vs. IMCDX - Performance Comparison

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

TEI vs. IMCDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TEI Templeton Emerging Markets Income Fund	-4.77%	45.41%	11.77%	3.78%	-15.49%	3.48%	-9.06%	3.51%	-6.20%	8.09%
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

TEI

• 1D: 1.86%
• 1M: -12.22%
• YTD: -4.77%
• 6M: 6.22%
• 1Y: 28.57%
• 3Y*: 19.19%
• 5Y*: 7.58%
• 10Y*: 4.25%

IMCDX

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

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

TEI vs. IMCDX - Expense Ratio Comparison

IMCDX

Voya Emerging Markets Corporate Debt Fund

Return for Risk

TEI vs. IMCDX — Risk / Return Rank

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

TEI

TEI Risk / Return Rank: 82
TEI Sharpe Ratio Rank: 87
TEI Sortino Ratio Rank: 85
TEI Omega Ratio Rank: 81
TEI Calmar Ratio Rank: 80
TEI Martin Ratio Rank: 79

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.

TEI vs. IMCDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Templeton Emerging Markets Income Fund (TEI) 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.

	TEI	IMCDX	Difference
Sharpe ratio Return per unit of total volatility	1.72	—	—
Sortino ratio Return per unit of downside risk	2.24	—	—
Omega ratio Gain probability vs. loss probability	1.32	—	—
Calmar ratio Return relative to maximum drawdown	1.94	—	—
Martin ratio Return relative to average drawdown	7.78	—	—
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

	TEI	IMCDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.72	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.40	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.24	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	—	—

Correlation

The correlation between TEI and IMCDX is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

TEI vs. IMCDX - Dividend Comparison

TEI's dividend yield for the trailing twelve months is around 14.56%, while IMCDX has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TEI Templeton Emerging Markets Income Fund	14.56%	13.57%	11.11%	11.09%	11.88%	10.44%	7.34%	8.51%	9.27%	5.56%	7.33%	8.24%
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

	TEI	IMCDX	Difference
Max Drawdown Largest peak-to-trough decline	-51.50%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-14.49%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-39.74%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-43.83%	—	—
Current Drawdown Current decline from peak	-12.75%	—	—
Average Drawdown Average peak-to-trough decline	-10.79%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.61%	—	—

Volatility

Volatility by Period

	TEI	IMCDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.29%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.60%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.66%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.21%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.48%	—	—