EDF vs. BTO

Last updated Aug 1, 2026

EDF (Virtus Stone Harbor Emerging Markets Income Fund) and BTO (John Hancock Financial Opportunities Fund) are both mutual funds - EDF is a Emerging Markets Bonds fund actively managed by Virtus, while BTO is a Financials Equities fund actively managed by John Hancock. Both are actively managed. Over the past 10 years, EDF returned 3.74%/yr vs 11.85%/yr for BTO. Their 0.26 correlation means their historical movements had little consistent relationship. EDF charges 1.45%/yr vs 2.01%/yr for BTO.

Performance

EDF vs. BTO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus Stone Harbor Emerging Markets Income Fund (EDF) and John Hancock Financial Opportunities Fund (BTO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EDF achieves a 13.38% return, which is significantly lower than BTO's 19.05% return. Over the past 10 years, EDF has underperformed BTO with an annualized return of 3.74%, while BTO has yielded a comparatively higher 11.85% annualized return.

EDF

• 1D: 1.52%
• 1M: -4.94%
• 6M: 11.33%
• YTD: 13.38%
• 1Y: 17.74%
• 3Y*: 17.51%
• 5Y*: 4.96%
• 10Y*: 3.74%
• ALL TIME*: 3.30%

BTO

• 1D: -1.01%
• 1M: 1.54%
• 6M: 11.28%
• YTD: 19.05%
• 1Y: 25.47%
• 3Y*: 18.96%
• 5Y*: 8.83%
• 10Y*: 11.85%
• ALL TIME*: 9.59%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BTO John Hancock Financial Opportunities Fund	$1.88M	$1.88M	$1.75M
EDF Virtus Stone Harbor Emerging Markets Income Fund	$420.04K	$687.29K	$820.26K

EDF vs. BTO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EDF Virtus Stone Harbor Emerging Markets Income Fund	13.38%	22.24%	25.54%	21.63%	-27.96%	-8.47%	-31.14%	45.06%	-18.24%	24.22%
BTO John Hancock Financial Opportunities Fund	19.05%	5.85%	28.92%	-1.16%	-23.58%	61.86%	-8.97%	38.87%	-25.68%	13.12%

Correlation

The correlation between EDF and BTO is 0.12, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.12
Correlation (3Y) Balances recent behavior with more history.	0.22
Correlation (5Y) Shows whether the relationship held over a longer period.	0.24
Correlation (10Y) Provides a long-term view across more market conditions.	0.25
Correlation (All Time) Calculated using the full available price history since Dec 27, 2010	0.26

The correlation between EDF and BTO shifts across timeframes, from 0.12 (1 year) to 0.26 (all time), reflecting how their relationship changes across market environments.

Return for Risk

EDF vs. BTO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

EDF

EDF Risk / Return Rank: 43
EDF Sharpe Ratio Rank: 39
EDF Sortino Ratio Rank: 42
EDF Omega Ratio Rank: 38
EDF Calmar Ratio Rank: 54
EDF Martin Ratio Rank: 41

BTO

BTO Risk / Return Rank: 34
BTO Sharpe Ratio Rank: 36
BTO Sortino Ratio Rank: 36
BTO Omega Ratio Rank: 36
BTO Calmar Ratio Rank: 36
BTO Martin Ratio Rank: 27

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EDF vs. BTO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus Stone Harbor Emerging Markets Income Fund (EDF) and John Hancock Financial Opportunities Fund (BTO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	EDF	BTO	Difference
Sharpe ratio: Return per unit of total volatility	1.16	1.13	+0.03
Sortino ratio: Return per unit of downside risk	1.76	1.64	+0.12
Omega ratio: Gain probability vs. loss probability	1.21	1.21	0.00
Calmar ratio: Return relative to maximum drawdown	1.91	1.54	+0.38
Martin ratio: Return relative to average drawdown	5.92	3.88	+2.04

EDF vs. BTO - Sharpe Ratio Comparison

The current EDF Sharpe Ratio is 1.16, which is comparable to the BTO Sharpe Ratio of 1.13. The chart below compares the historical Sharpe Ratios of EDF and BTO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EDF vs. BTO - Drawdown Comparison

The maximum EDF drawdown since its inception was -64.23%, smaller than the maximum BTO drawdown of -72.27%. Use the drawdown chart below to compare losses from any high point for EDF and BTO.

Drawdown Indicators

	EDF	BTO	Difference
Max Drawdown Largest peak-to-trough decline	-64.23%	-72.27%	+8.04%
Max Drawdown (1Y) Largest decline over 1 year	-9.44%	-15.26%	+5.82%
Max Drawdown (3Y) Largest decline over 3 years	-23.40%	-25.19%	+1.79%
Max Drawdown (5Y) Largest decline over 5 years	-52.47%	-51.80%	-0.67%
Max Drawdown (10Y) Largest decline over 10 years	-64.23%	-65.70%	+1.47%
Current Drawdown Current decline from peak	-7.12%	-2.96%	-4.16%
Average Drawdown Average peak-to-trough decline	-21.30%	-18.91%	-2.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.04%	6.03%	-2.99%

Volatility

EDF vs. BTO - Volatility Comparison

Virtus Stone Harbor Emerging Markets Income Fund (EDF) has a higher volatility of 6.00% compared to John Hancock Financial Opportunities Fund (BTO) at 5.39%. This indicates that EDF's price experiences larger fluctuations and is considered to be riskier than BTO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EDF	BTO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.00%	5.39%	+0.61%
Volatility (6M) Calculated over the trailing 6-month period	13.27%	15.07%	-1.80%
Volatility (1Y) Calculated over the trailing 1-year period	15.63%	20.73%	-5.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.76%	30.79%	-5.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.72%	36.01%	-5.29%

EDF vs. BTO - Expense Ratio Comparison

EDF has a 1.45% expense ratio, which is lower than BTO's 2.01% expense ratio.

Dividends

EDF vs. BTO - Dividend Comparison

EDF's dividend yield for the trailing twelve months is around 13.85%, more than BTO's 6.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BTO John Hancock Financial Opportunities Fund	6.45%	7.41%	7.28%	8.64%	7.51%	4.72%	7.25%	6.06%	5.94%	3.76%	5.10%	4.75%
EDF Virtus Stone Harbor Emerging Markets Income Fund	13.85%	14.49%	15.32%	16.71%	17.31%	12.91%	16.46%	15.67%	19.37%	13.58%	14.75%	17.93%

Frequently Asked Questions

Can I hold both EDF and BTO in my portfolio?

EDF and BTO have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EDF or BTO?

EDF has higher volatility (6.00%) compared to BTO (5.39%). In terms of maximum drawdown, EDF dropped -64.23% vs BTO's -72.27%.

Which has better risk-adjusted returns?

EDF currently has the higher Sharpe Ratio (1.16 vs 1.13), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.