IHD (Voya Emerging Markets High Dividend Equity Fund) ROE %: 43.67% (As of Feb. 2026) — 404% Above Median

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IHD Voya Emerging Markets High Dividend Equity Fund IHD
37 GF Score
Price $7.39
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What is Voya Emerging Markets High Dividend Equity Fund ROE %?

Voya Emerging Markets High Dividend Equity Fund IHD -0.54% 37 ROE % is 43.67% as of Feb. 2026, which is 404% above its 10-year median of 8.66. GuruFocus rates IHD with a GF Score™ of 37/100. The stock has 3 warning signs investors should review. Among 1,611 Asset Management companies, Voya Emerging Markets High Dividend Equity Fund ranks better than 93.42% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Voya Emerging Markets High Dividend Equity Fund's annualized net income for the quarter that ended in Feb. 2026 was $54.50 Mil. Voya Emerging Markets High Dividend Equity Fund's average Total Stockholders Equity over the quarter that ended in Feb. 2026 was $124.79 Mil. Therefore, Voya Emerging Markets High Dividend Equity Fund's annualized ROE % for the quarter that ended in Feb. 2026 was 43.67%.

The historical rank and industry rank for Voya Emerging Markets High Dividend Equity Fund's ROE % or its related term are showing as below:

IHD' s ROE % Range Over the Past 10 Years
Min: -13.42   Med: 8.66   Max: 36.62
Current: 36.62

During the past 9 years, Voya Emerging Markets High Dividend Equity Fund's highest ROE % was 36.62%. The lowest was -13.42%. And the median was 8.66%.

IHD's ROE % is ranked better than
93.42% of 1611 companies
in the Asset Management industry
Industry Median: 6.64 vs IHD: 36.62

Voya Emerging Markets High Dividend Equity Fund  (NYSE:IHD) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Feb. 2026 )
=Net Income/Total Stockholders Equity
=54.498/124.791
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(54.498 / 54.808)*(54.808 / 126.2275)*(126.2275 / 124.791)
=Net Margin %*Asset Turnover*Equity Multiplier
=99.43 %*0.4342*1.0115
=ROA %*Equity Multiplier
=43.17 %*1.0115
=43.67 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Feb. 2026 )
=Net Income/Total Stockholders Equity
=54.498/124.791
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (54.498 / 54.498) * (54.498 / 54.808) * (54.808 / 126.2275) * (126.2275 / 124.791)
= Tax Burden * Pretax Margin % * Asset Turnover * Equity Multiplier
= 1 * 99.43 % * 0.4342 * 1.0115
=43.67 %

Note: The net income data used here is two times the semi-annual (Feb. 2026) net income data. The Revenue data used here is two times the semi-annual (Feb. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Voya Emerging Markets High Dividend Equity Fund ROE % Related Terms


Voya Emerging Markets High Dividend Equity Fund ROE % Historical Data

* Premium members only.

The historical data trend for Voya Emerging Markets High Dividend Equity Fund's ROE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Voya Emerging Markets High Dividend Equity Fund ROE % Chart

Voya Emerging Markets High Dividend Equity Fund Annual Data
Trend Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
ROE %
Get a 7-Day Free Trial Premium Member Only -2.40 -13.42 9.50 8.66 36.03

Voya Emerging Markets High Dividend Equity Fund Semi-Annual Data
Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.26 15.67 1.13 29.19 43.67

IHD vs BGX, GRX, HYI: ROE % Comparison

For the Asset Management subindustry, Voya Emerging Markets High Dividend Equity Fund's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Voya Emerging Markets High Dividend Equity Fund ROE % vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Voya Emerging Markets High Dividend Equity Fund's ROE % distribution charts can be found below:

* The bar in red indicates where Voya Emerging Markets High Dividend Equity Fund's ROE % falls into.


IHD
37GF Score
Voya Emerging Markets High Dividend Equity Fund IHD
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Voya Emerging Markets High Dividend Equity Fund ROE % Calculation

Voya Emerging Markets High Dividend Equity Fund's annualized ROE % for the fiscal year that ended in Feb. 2026 is calculated as

ROE %=Net Income (A: Feb. 2026 )/( (Total Stockholders Equity (A: Feb. 2025 )+Total Stockholders Equity (A: Feb. 2026 ))/ count )
=43.181/( (104.184+135.489)/ 2 )
=43.181/119.8365
=36.03 %

Voya Emerging Markets High Dividend Equity Fund's annualized ROE % for the quarter that ended in Feb. 2026 is calculated as

ROE %=Net Income (Q: Feb. 2026 )/( (Total Stockholders Equity (Q: Aug. 2025 )+Total Stockholders Equity (Q: Feb. 2026 ))/ count )
=54.498/( (114.093+135.489)/ 2 )
=54.498/124.791
=43.67 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is two times the semi-annual (Feb. 2026) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 43.67% mean?
Voya Emerging Markets High Dividend Equity Fund (IHD) has a ROE % of 43.67% as of Feb. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Voya Emerging Markets High Dividend Equity Fund and its competitors. This is 404% above median its historical median of 8.66. According to the industry distribution chart, Voya Emerging Markets High Dividend Equity Fund ranks #106 out of 1611 companies in the Asset Management industry, placing it in the top 6.6%.
Is Voya Emerging Markets High Dividend Equity Fund's ROE % too high?
Voya Emerging Markets High Dividend Equity Fund's current ROE % of 43.67% is 404% above median its 10-year median of 8.66. The Asset Management industry median ROE % is 6.64. Voya Emerging Markets High Dividend Equity Fund's value of 43.67% is 557.7% above this industry median. Based on the distribution chart, Voya Emerging Markets High Dividend Equity Fund ranks #106 out of 1611 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Voya Emerging Markets High Dividend Equity Fund has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does Voya Emerging Markets High Dividend Equity Fund's ROE % compare to BGX and GRX?
According to the Asset Management industry distribution chart, Voya Emerging Markets High Dividend Equity Fund ranks #106 out of 1611 companies for ROE %. This places Voya Emerging Markets High Dividend Equity Fund in the top 7% of its industry — outperforming the majority of peers. The industry median ROE % is 6.64. Voya Emerging Markets High Dividend Equity Fund's value of 43.67% is 557.7% above this benchmark. While the company's 10-year median is 8.66 vs. the industry median of 6.64, Voya Emerging Markets High Dividend Equity Fund has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for an Asset Management company?
The median ROE % among Asset Management companies is 6.64, based on 1,611 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Voya Emerging Markets High Dividend Equity Fund's current ROE % of 43.67% is 557.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Voya Emerging Markets High Dividend Equity Fund and its competitors. For the Asset Management industry, the median ROE % is 6.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Voya Emerging Markets High Dividend Equity Fund's current ROE % is 43.67%, which is 404% above median its own 10-year median of 8.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Voya Emerging Markets High Dividend Equity Fund stock overvalued right now?
Voya Emerging Markets High Dividend Equity Fund (IHD) has a current ROE % of 43.67%. The current ROE % is 43.67%, which is 404% above median its 10-year median of 8.66 and 557.7% above the Asset Management industry median of 6.64. Voya Emerging Markets High Dividend Equity Fund's overall GF Score™ is 37/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Voya Emerging Markets High Dividend Equity Fund (IHD), the current ROE % is 43.67% as of Feb. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Voya Emerging Markets High Dividend Equity Fund Business Description

Address 7337 East Doubletree Ranch Road, Suite 100, Scottsdale, AZ, USA, 85258
Voya Emerging Markets High Dividend Equity Fund is a diversified closed-end management investment company. Its primary investment objective is to provide total return through a combination of current income, capital gains, and capital appreciation. The company seeks to achieve its investment objectives by investing principally in a portfolio of equity securities, and issuers in emerging market countries. The Fund will also normally seek to secure gains and enhance the stability of returns over a market cycle by writing (selling) call options on selected exchange-traded funds (ETFs) and/or international, regional, or country indices of equity securities, and/or on equity securities.
37GF Score

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