TGEIX vs. IMCDX

Last updated Apr 1, 2026

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

TGEIX is managed by TCW. It was launched on May 28, 1998. IMCDX is managed by Voya. It was launched on Aug 8, 2012.

Performance

TGEIX vs. IMCDX - Performance Comparison

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

TGEIX vs. IMCDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TGEIX TCW Emerging Markets Income Fund	-1.32%	14.59%	7.33%	12.10%	-17.54%	-5.07%	5.13%	15.86%	-6.16%	11.40%
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

TGEIX

• 1D: -0.44%
• 1M: -4.10%
• YTD: -1.32%
• 6M: 1.49%
• 1Y: 10.54%
• 3Y*: 10.06%
• 5Y*: 2.30%
• 10Y*: 3.99%

IMCDX

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

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

TGEIX vs. IMCDX - Expense Ratio Comparison

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

TGEIX

TCW Emerging Markets Income Fund

IMCDX

Voya Emerging Markets Corporate Debt Fund

Return for Risk

TGEIX vs. IMCDX — Risk / Return Rank

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

TGEIX

TGEIX Risk / Return Rank: 91
TGEIX Sharpe Ratio Rank: 94
TGEIX Sortino Ratio Rank: 94
TGEIX Omega Ratio Rank: 93
TGEIX Calmar Ratio Rank: 87
TGEIX Martin Ratio Rank: 89

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.

TGEIX vs. IMCDX - Risk-Adjusted Trends Comparison

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

	TGEIX	IMCDX	Difference
Sharpe ratio Return per unit of total volatility	2.11	—	—
Sortino ratio Return per unit of downside risk	3.01	—	—
Omega ratio Gain probability vs. loss probability	1.46	—	—
Calmar ratio Return relative to maximum drawdown	2.29	—	—
Martin ratio Return relative to average drawdown	9.70	—	—
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

	TGEIX	IMCDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.11	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.35	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.52	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	—	—

Correlation

The correlation between TGEIX and IMCDX is 0.65, 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

TGEIX vs. IMCDX - Dividend Comparison

TGEIX's dividend yield for the trailing twelve months is around 5.84%, while IMCDX has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TGEIX TCW Emerging Markets Income Fund	5.84%	6.12%	6.67%	5.23%	5.07%	4.88%	4.00%	4.92%	4.59%	5.47%	5.16%	5.33%
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

	TGEIX	IMCDX	Difference
Max Drawdown Largest peak-to-trough decline	-46.33%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-4.56%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-29.53%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-29.74%	—	—
Current Drawdown Current decline from peak	-4.56%	—	—
Average Drawdown Average peak-to-trough decline	-7.28%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.07%	—	—

Volatility

Volatility by Period

	TGEIX	IMCDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.88%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.11%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.97%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.58%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.70%	—	—