MERFX vs. EDF
Compare and contrast key facts about The Merger Fund (MERFX) and Virtus Stone Harbor Emerging Markets Income Fund (EDF).
MERFX is managed by Virtus. It was launched on Jan 30, 1989. EDF is an actively managed fund by Virtus. It was launched on Dec 23, 2010.
Performance
MERFX vs. EDF - Performance Comparison
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MERFX vs. EDF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MERFX The Merger Fund | 0.46% | 8.11% | 3.27% | 4.17% | 0.71% | -0.19% | 4.87% | 5.96% | 7.68% | 2.39% |
EDF Virtus Stone Harbor Emerging Markets Income Fund | -0.34% | 22.24% | 25.54% | 21.63% | -27.96% | -8.47% | -31.14% | 45.06% | -18.24% | 24.22% |
Returns By Period
In the year-to-date period, MERFX achieves a 0.46% return, which is significantly higher than EDF's -0.34% return. Over the past 10 years, MERFX has underperformed EDF with an annualized return of 3.88%, while EDF has yielded a comparatively higher 4.75% annualized return.
MERFX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.46%
- 6M
- 1.84%
- 1Y
- 6.26%
- 3Y*
- 5.30%
- 5Y*
- 3.09%
- 10Y*
- 3.88%
EDF
- 1D
- -0.42%
- 1M
- -5.17%
- YTD
- -0.34%
- 6M
- 1.72%
- 1Y
- 9.22%
- 3Y*
- 17.73%
- 5Y*
- 2.26%
- 10Y*
- 4.75%
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MERFX vs. EDF - Expense Ratio Comparison
MERFX has a 1.50% expense ratio, which is higher than EDF's 1.45% expense ratio.
Return for Risk
MERFX vs. EDF — Risk / Return Rank
MERFX
EDF
MERFX vs. EDF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Merger Fund (MERFX) and Virtus Stone Harbor Emerging Markets Income Fund (EDF). 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.
| MERFX | EDF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 4.24 | 0.52 | +3.73 |
Sortino ratioReturn per unit of downside risk | 8.05 | 0.76 | +7.29 |
Omega ratioGain probability vs. loss probability | 2.09 | 1.11 | +0.98 |
Calmar ratioReturn relative to maximum drawdown | 12.42 | 0.63 | +11.79 |
Martin ratioReturn relative to average drawdown | 58.81 | 2.90 | +55.90 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MERFX | EDF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.24 | 0.52 | +3.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | 0.09 | +0.81 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.03 | 0.16 | +0.88 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.09 | +0.59 |
Correlation
The correlation between MERFX and EDF is 0.24, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
MERFX vs. EDF - Dividend Comparison
MERFX's dividend yield for the trailing twelve months is around 7.38%, less than EDF's 15.06% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MERFX The Merger Fund | 7.38% | 7.42% | 3.24% | 2.59% | 3.50% | 0.27% | 3.31% | 1.34% | 4.52% | 0.59% | 0.32% | 1.25% |
EDF Virtus Stone Harbor Emerging Markets Income Fund | 15.06% | 14.49% | 15.32% | 16.71% | 17.31% | 12.91% | 16.46% | 15.67% | 19.37% | 13.58% | 14.75% | 17.93% |
Drawdowns
MERFX vs. EDF - Drawdown Comparison
The maximum MERFX drawdown since its inception was -20.82%, smaller than the maximum EDF drawdown of -64.23%. Use the drawdown chart below to compare losses from any high point for MERFX and EDF.
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Drawdown Indicators
| MERFX | EDF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.82% | -64.23% | +43.41% |
Max Drawdown (1Y)Largest decline over 1 year | -0.52% | -14.17% | +13.65% |
Max Drawdown (5Y)Largest decline over 5 years | -5.95% | -53.09% | +47.14% |
Max Drawdown (10Y)Largest decline over 10 years | -9.35% | -64.23% | +54.88% |
Current DrawdownCurrent decline from peak | -0.17% | -18.26% | +18.09% |
Average DrawdownAverage peak-to-trough decline | -2.68% | -21.61% | +18.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.11% | 3.40% | -3.29% |
Volatility
MERFX vs. EDF - Volatility Comparison
The current volatility for The Merger Fund (MERFX) is 0.47%, while Virtus Stone Harbor Emerging Markets Income Fund (EDF) has a volatility of 5.67%. This indicates that MERFX experiences smaller price fluctuations and is considered to be less risky than EDF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MERFX | EDF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.47% | 5.67% | -5.20% |
Volatility (6M)Calculated over the trailing 6-month period | 1.00% | 10.05% | -9.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.53% | 17.96% | -16.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.45% | 25.87% | -22.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.76% | 30.66% | -26.90% |