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Virtus Stone Harbor Emerg Mkts Corp Dbt (SHCDX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 4, 2026

The investment seeks to maximize total return, which consists of income on its investments and capital appreciation. The fund normally will invest at least 80% of its net assets (plus any borrowings made for investment purposes) in Emerging Markets Corporate Debt Investments. It may invest in securities of any credit rating (including unrated securities) and may invest without limit in higher risk, below-investment grade debt securities, commonly referred to as "high yield" securities or "junk bonds." The Adviser normally maintains an average portfolio duration of between 2 and 7 years.

Looking to diversify beyond SHCDX? The mutual funds below have the lowest correlation with SHCDX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from SHCDX.

Best Diversifiers for SHCDX

0 mutual funds have low correlation with SHCDX (below 0.3), 0 of which are negatively correlated. The least correlated is Ashmore Emerging Markets Corporate Income Fund (EMCIX) (Emerging Markets Bonds) with a 1Y correlation of 0.35, down from 0.58 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
EMCIX
Ashmore Emerging Markets Corporate Income Fund0.350.460.58
62
Emerging Markets BondsSHCDX vs EMCIX
EEIAX
Eaton Vance Emerging Markets Local Income Fund0.420.390.43
58
Emerging Markets BondsSHCDX vs EEIAX
DBLLX
DoubleLine Low Duration Emerging Markets Fixed Inc...0.440.580.60
98
Emerging Markets BondsSHCDX vs DBLLX
EMKIX
Ashmore Emerging Markets Total Return Fund0.470.550.63
66
Emerging Markets BondsSHCDX vs EMKIX
EELDX
Eaton Vance Emerging Markets Debt Opportunities Fu...0.480.430.45
97
Emerging Markets BondsSHCDX vs EELDX
See all 55 diversifiers for SHCDX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from SHCDX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SHCDX and solid risk/return profiles. The least correlated is Dow Inc. (DOW) (Basic Materials) with a 1Y correlation of 0.04, roughly unchanged from 0.13 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
DOW
Dow Inc.0.040.120.13
60
Basic Materials

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