- ISIN
- US92828Y5996
- Issuer
- Stone Harbor
- Inception Date
- May 31, 2011
- Category
- Emerging Markets Bonds
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
SHCDX Performance Chart
Virtus Stone Harbor Emerg Mkts Corp Dbt (SHCDX) is up 2.8% since the beginning of the year. SHCDX is currently trading at $8 per share. Investors who bought $1,000 worth of SHCDX shares 5 years ago would now be looking at an investment worth $1,156.
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Returns By Period
Virtus Stone Harbor Emerg Mkts Corp Dbt (SHCDX) has returned 2.83% so far this year and 5.93% over the past 12 months. Over the last ten years, SHCDX has returned 4.32% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Virtus Stone Harbor Emerg Mkts Corp Dbt
- 1D
- -0.25%
- 1M
- -0.45%
- 6M
- 1.81%
- YTD
- 2.83%
- 1Y
- 5.93%
- 3Y*
- 7.97%
- 5Y*
- 2.95%
- 10Y*
- 4.32%
- ALL TIME*
- 4.89%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
SHCDX Monthly Returns History
Based on dividend-adjusted daily data since Jan 3, 2012, SHCDX's average daily return is +0.02%, while the average monthly return is +0.43%. At this rate, an investment would double in approximately 13.5 years.
Historically, 66% of months were positive and 34% were negative. The best month was Nov 2022 with a return of +8.8%, while the worst month was Mar 2020 at -20.1%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 6 months.
On a daily basis, SHCDX closed higher 42% of trading days. The best single day was Mar 26, 2020 with a return of +2.6%, while the worst single day was Mar 18, 2020 at -4.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.00% | 0.82% | -1.78% | 2.29% | 0.39% | 0.57% | -0.45% | 2.83% | |||||
| 2025 | 1.22% | 1.61% | -0.25% | -0.85% | 0.40% | 1.97% | 1.42% | 1.25% | 0.48% | 0.50% | 0.01% | 0.74% | 8.81% |
| 2024 | 0.56% | 1.25% | 1.01% | -1.03% | 1.48% | 0.89% | 1.28% | 1.89% | 1.10% | -0.84% | 0.50% | -0.71% | 7.58% |
| 2023 | 3.70% | -2.17% | 0.59% | 0.52% | -0.65% | 1.46% | 1.45% | -0.52% | -0.62% | -1.38% | 4.00% | 3.12% | 9.70% |
| 2022 | -1.99% | -5.56% | -0.36% | -2.90% | -0.48% | -4.93% | 0.93% | 1.00% | -5.03% | -2.51% | 8.82% | 1.38% | -11.76% |
| 2021 | -0.54% | 0.43% | -0.98% | 1.21% | 1.31% | 1.19% | 0.11% | 0.75% | -0.97% | -0.22% | -1.20% | 0.89% | 1.95% |
Benchmark Metrics
Virtus Stone Harbor Emerg Mkts Corp Dbt has an annualized alpha of 3.83%, beta of 0.08, and R2 of 0.09 versus S&P 500 Index. Calculated based on daily prices since January 03, 2012.
- This fund participated in 39.37% of S&P 500 Index downside but only 32.24% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.08 may look defensive, but with R2 of 0.09 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.09 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 3.83%
- Beta
- 0.08
- R²
- 0.09
- Upside Capture
- 32.24%
- Downside Capture
- 39.37%
Expense Ratio
SHCDX has a high expense ratio of 1.02%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
SHCDX ranks 94 for risk / return — above 94% of mutual funds peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Virtus Stone Harbor Emerg Mkts Corp Dbt (SHCDX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SHCDX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.55 | ||
| Sortino ratioReturn per unit of downside risk | +2.73 | ||
| Omega ratioGain probability vs. loss probability | 1.75 | 1.25 | +0.49 |
| Calmar ratioReturn relative to maximum drawdown | 3.20 | 2.00 | +1.20 |
| Martin ratioReturn relative to average drawdown | 12.87 | 8.49 | +4.38 |
Dividends
Dividend History
Virtus Stone Harbor Emerg Mkts Corp Dbt provided a 6.06% dividend yield over the last twelve months, with an annual payout of $0.49 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.49 | $0.49 | $0.50 | $0.45 | $0.42 | $0.42 | $0.49 | $0.43 | $0.51 | $0.38 | $0.48 | $0.43 |
Dividend yield | 6.06% | 6.00% | 6.33% | 5.72% | 5.52% | 4.65% | 5.28% | 4.72% | 6.08% | 4.10% | 5.44% | 5.04% |
Monthly Dividends
The table displays the monthly dividend distributions for Virtus Stone Harbor Emerg Mkts Corp Dbt. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.29 | |||||
| 2025 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.49 |
| 2024 | $0.03 | $0.04 | $0.04 | $0.04 | $0.06 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.06 | $0.50 |
| 2023 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.11 | $0.04 | $0.04 | $0.04 | $0.45 |
| 2022 | $0.00 | $0.06 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.10 | $0.06 | $0.42 |
| 2021 | $0.00 | $0.07 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.09 | $0.04 | $0.42 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Virtus Stone Harbor Emerg Mkts Corp Dbt. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Virtus Stone Harbor Emerg Mkts Corp Dbt was 26.24%, occurring on Mar 23, 2020. Recovery took 166 trading sessions.
The current Virtus Stone Harbor Emerg Mkts Corp Dbt drawdown is 0.49%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-26.24%Mar 2020 | 28d | 7mo 28d | 8mo 26dFeb 2020 - Nov 2020 | COVID crash2020 |
-21.81%Oct 2022 | 1y 1mo | 1y 8mo | 2y 10moSep 2021 - Jul 2024 | Bear market2022 |
-8.55%Sep 2013 | 3mo 28d | 8mo 6d | 12mo 4dMay 2013 - May 2014 | — |
-6.52%Jan 2016 | 7mo 28d | 2mo 14d | 10mo 12dMay 2015 - Apr 2016 | — |
-5.87%Sep 2018 | 7mo 8d | 5mo 27d | 1y 1moJan 2018 - Feb 2019 | Rate-hike selloffLate 2018 |
Drawdown Indicators
| SHCDX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.24% | -56.78% | +30.54% |
Max Drawdown (1Y)Largest decline over 1 year | -1.90% | -9.10% | +7.20% |
Max Drawdown (3Y)Largest decline over 3 years | -3.86% | -18.90% | +15.04% |
Max Drawdown (5Y)Largest decline over 5 years | -21.81% | -25.43% | +3.62% |
Max Drawdown (10Y)Largest decline over 10 years | -26.24% | -33.92% | +7.68% |
Current DrawdownCurrent decline from peak | -0.49% | -1.58% | +1.09% |
Average DrawdownAverage peak-to-trough decline | -3.08% | -10.70% | +7.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.47% | 2.14% | -1.67% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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