Virtus Stone Harbor Local Markets (SHLMX)

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Virtus Stone Harbor Local Markets (SHLMX) is up 1.3% since the beginning of the year. SHLMX is currently trading at $9 per share. Investors who bought $1,000 worth of SHLMX shares 5 years ago would now be looking at an investment worth $1,071.

Virtus Stone Harbor Local Markets (SHLMX) has returned 1.29% so far this year and 9.87% over the past 12 months. Over the last ten years, SHLMX has returned 2.00% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Jan 3, 2011, SHLMX's average daily return is 0.00%, while the average monthly return is +0.07%. At this rate, an investment would double in approximately 82.5 years.

Historically, 56% of months were positive and 44% were negative. The best month was Mar 2016 with a return of +9.7%, while the worst month was Mar 2020 at -13.2%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 5 months.

On a daily basis, SHLMX closed higher 47% of trading days. The best single day was Mar 26, 2020 with a return of +2.8%, while the worst single day was Feb 28, 2022 at -5.5%.

Virtus Stone Harbor Local Markets has an annualized alpha of -2.51%, beta of 0.24, and R2 of 0.21 versus S&P 500 Index. Calculated based on daily prices since January 03, 2011.

• This fund participated in 64.73% of S&P 500 Index downside but only 29.50% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.24 may look defensive, but with R2 of 0.21 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 0.21 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.

SHLMX has a high expense ratio of 1.01%, indicating above-average management fees.

SHLMX ranks 26 for risk / return — below 26% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

Virtus Stone Harbor Local Markets provided a 10.03% dividend yield over the last twelve months, with an annual payout of $0.87 per share.

The table displays the monthly dividend distributions for Virtus Stone Harbor Local Markets. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Virtus Stone Harbor Local Markets. 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 Local Markets was 37.35%, occurring on Jan 20, 2016. The portfolio has not yet recovered.

The current Virtus Stone Harbor Local Markets drawdown is 10.67%.

The chart below shows the rolling one-month volatility.