FSEDX vs. SHCDX
FSEDX (Fidelity Series Emerging Markets Debt Local Currency Fund) and SHCDX (Virtus Stone Harbor Emerg Mkts Corp Dbt) are both Emerging Markets Bonds funds. Over the past 5 years, FSEDX returned 3.39%/yr vs 2.95%/yr for SHCDX. Their 0.43 correlation means their historical movements had little consistent relationship. FSEDX charges 0.00%/yr vs 1.02%/yr for SHCDX.
Performance
FSEDX vs. SHCDX - Performance Comparison
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Returns By Period
In the year-to-date period, FSEDX achieves a 2.01% return, which is significantly lower than SHCDX's 2.83% return.
FSEDX
- 1D
- 0.73%
- 1M
- 0.10%
- 6M
- 0.01%
- YTD
- 2.01%
- 1Y
- 9.01%
- 3Y*
- 6.67%
- 5Y*
- 3.39%
- 10Y*
- —
- ALL TIME*
- 2.75%
SHCDX
- 1D
- -0.25%
- 1M
- -0.45%
- 6M
- 1.81%
- YTD
- 2.83%
- 1Y
- 5.93%
- 3Y*
- 7.97%
- 5Y*
- 2.95%
- 10Y*
- 4.32%
- ALL TIME*
- 4.89%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FSEDX vs. SHCDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FSEDX Fidelity Series Emerging Markets Debt Local Currency Fund | 2.01% | 19.49% | -2.54% | 13.58% | -7.94% | -9.28% | 3.54% |
SHCDX Virtus Stone Harbor Emerg Mkts Corp Dbt | 2.83% | 8.81% | 7.58% | 9.70% | -11.76% | 1.95% | 4.02% |
Correlation
The correlation between FSEDX and SHCDX is 0.48, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.48 |
Correlation (3Y) Balances recent behavior with more history. | 0.41 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.45 |
Correlation (All Time) Calculated using the full available price history since Nov 23, 2020 | 0.43 |
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Return for Risk
FSEDX vs. SHCDX — Risk / Return Rank
FSEDX
SHCDX
FSEDX vs. SHCDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Emerging Markets Debt Local Currency Fund (FSEDX) and Virtus Stone Harbor Emerg Mkts Corp Dbt (SHCDX). 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.
| FSEDX | SHCDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.49 | ||
| Sortino ratioReturn per unit of downside risk | -2.57 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.75 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | 1.56 | 3.20 | -1.64 |
| Martin ratioReturn relative to average drawdown | 4.76 | 12.87 | -8.10 |
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Drawdowns
FSEDX vs. SHCDX - Drawdown Comparison
The maximum FSEDX drawdown since its inception was -24.77%, smaller than the maximum SHCDX drawdown of -26.24%. Use the drawdown chart below to compare losses from any high point for FSEDX and SHCDX.
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Drawdown Indicators
| FSEDX | SHCDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.77% | -26.24% | +1.47% |
Max Drawdown (1Y)Largest decline over 1 year | -6.10% | -1.90% | -4.20% |
Max Drawdown (3Y)Largest decline over 3 years | -7.89% | -3.86% | -4.03% |
Max Drawdown (5Y)Largest decline over 5 years | -21.59% | -21.81% | +0.22% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.24% | — |
Current DrawdownCurrent decline from peak | -1.63% | -0.49% | -1.14% |
Average DrawdownAverage peak-to-trough decline | -7.84% | -3.08% | -4.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.99% | 0.47% | +1.52% |
Volatility
FSEDX vs. SHCDX - Volatility Comparison
Fidelity Series Emerging Markets Debt Local Currency Fund (FSEDX) has a higher volatility of 1.64% compared to Virtus Stone Harbor Emerg Mkts Corp Dbt (SHCDX) at 0.45%. This indicates that FSEDX's price experiences larger fluctuations and is considered to be riskier than SHCDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSEDX | SHCDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.64% | 0.45% | +1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 5.70% | 1.72% | +3.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.44% | 2.05% | +4.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.62% | 3.87% | +3.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.65% | 4.94% | +2.71% |
FSEDX vs. SHCDX - Expense Ratio Comparison
FSEDX has a 0.00% expense ratio, which is lower than SHCDX's 1.02% expense ratio.
Dividends
FSEDX vs. SHCDX - Dividend Comparison
FSEDX's dividend yield for the trailing twelve months is around 7.41%, more than SHCDX's 6.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSEDX Fidelity Series Emerging Markets Debt Local Currency Fund | 7.41% | 6.97% | 6.92% | 5.14% | 0.00% | 3.96% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SHCDX Virtus Stone Harbor Emerg Mkts Corp Dbt | 6.06% | 6.00% | 6.33% | 5.72% | 5.52% | 4.65% | 5.28% | 4.72% | 6.08% | 4.10% | 5.44% | 5.04% |
Frequently Asked Questions
FSEDX and SHCDX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSEDX has higher volatility (1.64%) compared to SHCDX (0.45%). In terms of maximum drawdown, FSEDX dropped -24.77% vs SHCDX's -26.24%.
SHCDX currently has the higher Sharpe Ratio (2.97 vs 1.48), 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.
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