IAE vs IHD: Correlation
Measured on weekly returns over the past three years, Voya Asia Pacific High Dividend Equity Income Fund ING Asia (IAE) and Voya Emerging Markets High Income Dividend Equity Fund (IHD) carry a correlation of 0.85, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IAE and IHD?
On 3 years of weekly data the IAE/IHD correlation comes out at 0.85, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.85 lands near the 3-year figure. The 5-year figure is 0.83, and annualized covariance runs at 232.6 %².
In IAE's tracked universe of 17 assets, IHD sits right near the top at #1. Neither side won the trailing year by much: +37.8% against +42.2%.
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.
IAE vs IHD: side by side
| IAE (Voya Asia Pacific High Dividend Equity Income Fund ING Asia) | IHD (Voya Emerging Markets High Income Dividend Equity Fund) | |
|---|---|---|
| 1-year return | +37.8% | +42.2% |
| 5-year return | +84.4% | +78.4% |
| Volatility (ann.) | 16.5% | 16.6% |
| Beta vs S&P 500 | 0.72 | 0.65 |
| Max drawdown (3Y) | -16.2% | -14.3% |
| Market cap | $0.1B | – |
| P/E (trailing) | 3.5 | 3.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IAE | IHD |
|---|---|---|
| 2022 | -14.0% | -17.2% |
| 2023 | +9.1% | +13.9% |
| 2024 | +13.4% | +6.7% |
| 2025 | +34.6% | +40.3% |
| 2026 | +29.9% | +29.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IAE and IHD good diversifiers for each other?
No: a correlation of 0.85 means IAE and IHD tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between IAE and IHD?
Using weekly returns as of 2026-08-27: 0.85 over 3 years, with 0.85 over the last year and 0.83 over 5 years.
Is IHD a good diversifier for IAE?
No: a correlation of 0.85 means IAE and IHD tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.85 mean?
A reading of 0.85 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/iae-vs-ihd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/iae-vs-ihd/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: IAE correlations · IHD correlations
