Virtus Stone Harbor Local Markets (SHLMX) belongs to the Emerging Markets Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with SHLMX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to SHLMX
SHLMX charges 1.01% annually. There are 52 mutual funds in the Emerging Markets Bonds category with lower expense ratios, going as low as 0.09%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Payden Emerging Markets Local Bond Fund | 0.09% | — | Nov 2011 | SHLMX vs PYELX | |
| Voya Emerging Markets Corporate Debt Fund | 0.10% | — | Aug 2012 | SHLMX vs IMCDX | |
| Vanguard Emerging Markets Bond Fund Admiral Shares | 0.40% | — | Dec 2017 | SHLMX vs VEGBX | |
| SEI Institutional Investments Trust Emerging Marke... | 0.41% | — | Dec 2005 | SHLMX vs SEDAX | |
| GMO Emerging Country Debt Fund Class VI | 0.51% | — | Apr 1994 | SHLMX vs GMOQX |
Best Risk-Adjusted Alternatives to SHLMX
SHLMX has a PortfoliosLab risk / return rank of 29. There are 67 mutual funds in the Emerging Markets Bonds category with higher risk-adjusted ranks, going as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| American Beacon Frontier Markets Income Fund | 98 | — | Feb 2014 | SHLMX vs AGEPX | |
| American Beacon Developing World Income Fund Class... | 98 | — | Feb 2014 | SHLMX vs AGEYX | |
| GMO Emerging Country Debt Fund Class VI | 98 | — | Apr 1994 | SHLMX vs GMOQX | |
| GMO Emerging Country Debt Fund | 98 | — | Apr 1994 | SHLMX vs GMCDX | |
| DoubleLine Low Duration Emerging Markets Fixed Inc... | 98 | — | Apr 2014 | SHLMX vs DBLLX |
Top Performing SHLMX Alternatives (YTD)
SHLMX is at 1.52% YTD. There are 56 mutual funds in the Emerging Markets Bonds category with higher YTD returns, going as high as 14.37%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Virtus Stone Harbor Emerging Markets Income Fund | 14.37% | — | Dec 2010 | SHLMX vs EDF | |
| GMO Emerging Country Debt Fund Class VI | 8.73% | — | Apr 1994 | SHLMX vs GMOQX | |
| GMO Emerging Country Debt Fund | 8.70% | — | Apr 1994 | SHLMX vs GMCDX | |
| Franklin Emerging Market Debt Opportunities Fund | 7.92% | — | May 2006 | SHLMX vs FEMDX | |
| American Beacon Frontier Markets Income Fund | 6.76% | — | Feb 2014 | SHLMX vs AGEPX |
Lowest Volatility Alternatives to SHLMX
SHLMX has 6.57% 1-year volatility. There are 61 mutual funds in the Emerging Markets Bonds category with lower 1-year volatility, going as low as 1.15%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DoubleLine Low Duration Emerging Markets Fixed Inc... | 1.15% | — | Apr 2014 | SHLMX vs DBLLX | |
| DoubleLine Emerging Markets Fixed Income Fund Clas... | 1.92% | — | Apr 2010 | SHLMX vs DLENX | |
| Payden Emerging Markets Corporate Bond Fund | 2.03% | — | Nov 2013 | SHLMX vs PYCEX | |
| Virtus Stone Harbor Emerg Mkts Corp Dbt | 2.04% | — | May 2011 | SHLMX vs SHCDX | |
| DoubleLine Emerging Markets Fixed Income Fund | 2.06% | — | Apr 2010 | SHLMX vs DBLEX |
Lowest Drawdown Alternatives to SHLMX
SHLMX has a 1-year max drawdown of -6.65%. There are 59 mutual funds in the Emerging Markets Bonds category with shallower 1-year drawdowns, going as shallow as -0.92%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DoubleLine Low Duration Emerging Markets Fixed Inc... | -0.92% | — | Apr 2014 | SHLMX vs DBLLX | |
| DoubleLine Emerging Markets Fixed Income Fund | -1.81% | — | Apr 2010 | SHLMX vs DBLEX | |
| DoubleLine Emerging Markets Fixed Income Fund Clas... | -1.83% | — | Apr 2010 | SHLMX vs DLENX | |
| Virtus Stone Harbor Emerg Mkts Corp Dbt | -1.90% | — | May 2011 | SHLMX vs SHCDX | |
| Payden Emerging Markets Corporate Bond Fund | -2.37% | — | Nov 2013 | SHLMX vs PYCEX |
Other Mutual Funds from Stone Harbor
The 1 most viewed Stone Harbor mutual funds shown here include SHMDX and span 1 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Virtus Stone Harbor Emerging Mkts Debt | Emerging Markets Bonds | 92 | 4.06% | — | Aug 2007 | SHLMX vs SHMDX |
Often Compared With SHLMX
Investors most often compare SHLMX with AMAPX, EELDX, DEDIX. These 6 comparison targets span 1 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Amana Participation Fund | Emerging Markets Bonds | 45 | 0.26% | — | Sep 2015 | SHLMX vs AMAPX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | Emerging Markets Bonds | 97 | 6.66% | — | Feb 2013 | SHLMX vs EELDX | |
| Delaware Emerging Markets Debt Corporate Fund | Emerging Markets Bonds | 90 | 1.26% | — | Sep 2013 | SHLMX vs DEDIX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | Emerging Markets Bonds | 97 | 6.75% | — | Sep 2015 | SHLMX vs EIDOX | |
| Artisan Emerging Markets Debt Opportunities Fund | Emerging Markets Bonds | 96 | 4.89% | — | Apr 2022 | SHLMX vs APFOX | |
| Morgan Stanley Emerging Markets Domestic Fund | Emerging Markets Bonds | 15 | 3.21% | — | Apr 2007 | SHLMX vs EDD |
Compare SHLMX with Any Fund or Stock
Compare SHLMX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair SHLMX with funds that move differently
Virtus Stone Harbor Local Markets alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SHLMX.
Explore SHLMX Diversifiers