- ISIN
- US92828Y5574
- CUSIP
- 861647105
- Issuer
- Stone Harbor
- Inception Date
- Aug 15, 2007
- Category
- Emerging Markets Bonds
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
SHMDX Performance Chart
Virtus Stone Harbor Emerging Mkts Debt (SHMDX) is up 4.7% since the beginning of the year. SHMDX is currently trading at $8 per share. Investors who bought $1,000 worth of SHMDX shares 5 years ago would now be looking at an investment worth $1,184.
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Returns By Period
Virtus Stone Harbor Emerging Mkts Debt (SHMDX) has returned 4.65% so far this year and 15.72% over the past 12 months. Over the last ten years, SHMDX has returned 4.37% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Virtus Stone Harbor Emerging Mkts Debt
- 1D
- -0.05%
- 1M
- 2.09%
- YTD
- 4.65%
- 6M
- 4.91%
- 1Y
- 15.72%
- 3Y*
- 13.19%
- 5Y*
- 3.44%
- 10Y*
- 4.37%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
SHMDX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 2008, SHMDX's average daily return is +0.02%, while the average monthly return is +0.40%. At this rate, an investment would double in approximately 14.5 years.
Historically, 63% of months were positive and 37% were negative. The best month was May 2020 with a return of +10.6%, while the worst month was Oct 2008 at -19.4%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.
On a daily basis, SHMDX closed higher 47% of trading days. The best single day was Oct 14, 2008 with a return of +4.9%, while the worst single day was Oct 22, 2008 at -7.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.37% | 1.38% | -3.60% | 3.62% | 1.11% | 0.82% | 4.65% | ||||||
| 2025 | 1.66% | 1.63% | -1.06% | -0.66% | 1.39% | 2.61% | 1.29% | 1.78% | 1.90% | 2.28% | 0.62% | 0.79% | 15.13% |
| 2024 | -0.73% | 1.55% | 2.22% | -1.74% | 1.82% | 0.40% | 2.11% | 2.42% | 1.99% | -1.46% | 1.21% | -1.09% | 8.90% |
| 2023 | 4.53% | -2.38% | 0.36% | -0.43% | -0.43% | 3.39% | 2.46% | -1.27% | -2.69% | -0.28% | 6.16% | 4.96% | 14.81% |
| 2022 | -3.18% | -7.51% | -0.36% | -6.48% | -0.68% | -8.52% | 3.15% | 0.05% | -7.77% | 0.92% | 9.99% | 0.21% | -19.74% |
| 2021 | -0.99% | -2.41% | -1.44% | 2.61% | 0.92% | 0.61% | 0.40% | 1.32% | -2.21% | -0.10% | -2.60% | 1.50% | -2.52% |
Benchmark Metrics
Virtus Stone Harbor Emerging Mkts Debt has an annualized alpha of 2.81%, beta of 0.15, and R2 of 0.15 versus S&P 500 Index. Calculated based on daily prices since January 02, 2008.
- This fund participated in 49.44% of S&P 500 Index downside but only 39.85% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.15 may look defensive, but with R2 of 0.15 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 0.15 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
- 2.81%
- Beta
- 0.15
- R²
- 0.15
- Upside Capture
- 39.85%
- Downside Capture
- 49.44%
Expense Ratio
SHMDX has an expense ratio of 0.73%, placing it in the medium range.
Return for Risk
Risk / Return Rank
SHMDX ranks 92 for risk / return — in the top 92% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Virtus Stone Harbor Emerging Mkts Debt (SHMDX) 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.
| SHMDX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.31 | ||
| Sortino ratioReturn per unit of downside risk | +2.77 | ||
| Omega ratioGain probability vs. loss probability | 1.73 | 1.37 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 3.61 | 2.78 | +0.83 |
| Martin ratioReturn relative to average drawdown | 15.96 | 12.44 | +3.52 |
Dividends
Dividend History
Virtus Stone Harbor Emerging Mkts Debt provided a 6.19% dividend yield over the last twelve months, with an annual payout of $0.50 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.50 | $0.49 | $0.49 | $0.58 | $0.73 | $0.45 | $0.53 | $0.55 | $0.62 | $0.65 | $0.68 | $0.63 |
Dividend yield | 6.19% | 6.21% | 6.73% | 8.10% | 10.70% | 4.78% | 5.24% | 5.51% | 6.80% | 6.12% | 6.72% | 6.65% |
Monthly Dividends
The table displays the monthly dividend distributions for Virtus Stone Harbor Emerging Mkts Debt. 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 | $0.04 | $0.04 | $0.04 | $0.04 | $0.23 | ||||||
| 2025 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.07 | $0.49 |
| 2024 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.06 | $0.49 |
| 2023 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.13 | $0.04 | $0.05 | $0.11 | $0.58 |
| 2022 | $0.00 | $0.08 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.16 | $0.27 | $0.73 |
| 2021 | $0.00 | $0.06 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.12 | $0.06 | $0.45 |
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 Emerging Mkts Debt. 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 Emerging Mkts Debt was 35.83%, occurring on Oct 24, 2008. Recovery took 240 trading sessions.
The current Virtus Stone Harbor Emerging Mkts Debt drawdown is 0.30%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -35.83%Oct 2008 | 5mo 5d | 11mo 19d | 1y 4moMay 2008 - Oct 2009 |
Bear market2022 | -31.98%Oct 2022 | 1y 1mo | 2y 7mo | 3y 8moSep 2021 - Jun 2025 |
COVID crash2020 | -26.22%Mar 2020 | 28d | 5mo 13d | 6mo 11dFeb 2020 - Sep 2020 |
2013 correction2013 | -12.78%Sep 2013 | 4mo 5d | 2y 7mo | 2y 11moMay 2013 - Apr 2016 |
Rate-hike selloffLate 2018 | -10.71%Nov 2018 | 10mo 2d | 6mo 11d | 1y 4moJan 2018 - Jun 2019 |
Drawdown Indicators
| SHMDX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.83% | -56.78% | +20.95% |
Max Drawdown (1Y)Largest decline over 1 year | -4.33% | -9.10% | +4.77% |
Max Drawdown (3Y)Largest decline over 3 years | -6.23% | -18.90% | +12.67% |
Max Drawdown (5Y)Largest decline over 5 years | -31.98% | -25.43% | -6.55% |
Max Drawdown (10Y)Largest decline over 10 years | -31.98% | -33.92% | +1.94% |
Current DrawdownCurrent decline from peak | -0.30% | -1.80% | +1.50% |
Average DrawdownAverage peak-to-trough decline | -5.93% | -10.71% | +4.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 2.03% | -1.05% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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