EMF vs IAE: Correlation
Templeton Emerging Markets Fund (EMF) and Voya Asia Pacific High Dividend Equity Income Fund ING Asia (IAE) show a strong relationship: their 3-year correlation of weekly returns is 0.75.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EMF and IAE?
Across a 3-year window, the weekly returns of EMF and IAE correlate at 0.75, strong. The relationship has been stable: the 1-year correlation (0.67) sits close to the 3-year figure. Stretching to 5 years gives 0.77, with an annualized covariance of 259.1 %².
Among the 21 assets we track against EMF, IAE ranks #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months EMF outperformed by 23.8 percentage points (+61.6% for EMF against +37.8% for IAE).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
EMF vs IAE: side by side
| EMF (Templeton Emerging Markets Fund) | IAE (Voya Asia Pacific High Dividend Equity Income Fund ING Asia) | |
|---|---|---|
| 1-year return | +61.6% | +37.8% |
| 5-year return | +91.4% | +84.4% |
| Volatility (ann.) | 21.0% | 16.5% |
| Beta vs S&P 500 | 0.93 | 0.72 |
| Max drawdown (3Y) | -19.5% | -16.2% |
| Market cap | $0.3B | $0.1B |
| P/E (trailing) | 2.4 | 3.5 |
| Dividend yield | 3.91% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EMF | IAE |
|---|---|---|
| 2022 | -21.5% | -14.0% |
| 2023 | +8.8% | +9.1% |
| 2024 | +6.6% | +13.4% |
| 2025 | +58.2% | +34.6% |
| 2026 | +36.1% | +29.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EMF and IAE good diversifiers for each other?
Somewhat, no more. With 0.75 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between EMF and IAE?
The EMF/IAE correlation stands at 0.75 on a 3-year window (1 year: 0.67, 5 years: 0.77), computed from weekly returns as of 2026-08-27.
Is IAE a good diversifier for EMF?
Somewhat, no more. With 0.75 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.75 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/emf-vs-iae.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/emf-vs-iae/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EMF correlations · IAE correlations
