SAR vs. VEMY
SAR (Saratoga Investment Corp.) is a stock, while VEMY (Virtus Stone Harbor Emerging Markets High Yield Bond ETF) is Emerging Markets Bonds fund actively managed by Virtus. Over the past 3 years, SAR returned 4.49%/yr vs 14.01%/yr for VEMY. Their 0.26 correlation means their historical movements had little consistent relationship.
Performance
SAR vs. VEMY - Performance Comparison
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Returns By Period
In the year-to-date period, SAR achieves a -6.38% return, which is significantly lower than VEMY's 6.07% return.
SAR
- 1D
- 2.04%
- 1M
- -11.85%
- 6M
- -11.04%
- YTD
- -6.38%
- 1Y
- -4.72%
- 3Y*
- 4.49%
- 5Y*
- 6.28%
- 10Y*
- 12.15%
- ALL TIME*
- 7.60%
VEMY
- 1D
- 0.40%
- 1M
- -0.46%
- 6M
- 3.41%
- YTD
- 6.07%
- 1Y
- 13.28%
- 3Y*
- 14.01%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 13.11%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.73M | $4.32M | $2.82M | |
| $924.57K | $860.95K | $887.68K |
SAR vs. VEMY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SAR Saratoga Investment Corp. | -6.38% | 10.36% | 6.07% | 12.91% | -3.20% |
VEMY Virtus Stone Harbor Emerging Markets High Yield Bond ETF | 6.07% | 15.27% | 13.48% | 14.45% | -1.43% |
Correlation
The correlation between SAR and VEMY is 0.26, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.26 |
Correlation (3Y) Balances recent behavior with more history. | 0.28 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2022 | 0.26 |
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Return for Risk
SAR vs. VEMY — Risk / Return Rank
SAR
VEMY
SAR vs. VEMY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Saratoga Investment Corp. (SAR) and Virtus Stone Harbor Emerging Markets High Yield Bond ETF (VEMY). 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.
| SAR | VEMY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.40 | ||
| Sortino ratioReturn per unit of downside risk | -3.48 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.44 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.21 | 3.33 | -3.54 |
| Martin ratioReturn relative to average drawdown | -0.69 | 15.31 | -16.00 |
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Drawdowns
SAR vs. VEMY - Drawdown Comparison
The maximum SAR drawdown since its inception was -90.67%, which is greater than VEMY's maximum drawdown of -8.77%. Use the drawdown chart below to compare losses from any high point for SAR and VEMY.
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Drawdown Indicators
| SAR | VEMY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.67% | -8.77% | -81.90% |
Max Drawdown (1Y)Largest decline over 1 year | -22.46% | -4.00% | -18.46% |
Max Drawdown (3Y)Largest decline over 3 years | -22.46% | -6.57% | -15.89% |
Max Drawdown (5Y)Largest decline over 5 years | -26.19% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -69.89% | — | — |
Current DrawdownCurrent decline from peak | -13.40% | -0.68% | -12.72% |
Average DrawdownAverage peak-to-trough decline | -17.54% | -1.27% | -16.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.86% | 0.87% | +5.99% |
Volatility
SAR vs. VEMY - Volatility Comparison
Saratoga Investment Corp. (SAR) has a higher volatility of 18.14% compared to Virtus Stone Harbor Emerging Markets High Yield Bond ETF (VEMY) at 1.19%. This indicates that SAR's price experiences larger fluctuations and is considered to be riskier than VEMY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SAR | VEMY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.14% | 1.19% | +16.95% |
Volatility (6M)Calculated over the trailing 6-month period | 22.99% | 4.54% | +18.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.60% | 6.04% | +19.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.63% | 7.52% | +16.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.03% | 7.52% | +30.51% |
Dividends
SAR vs. VEMY - Dividend Comparison
SAR's dividend yield for the trailing twelve months is around 19.67%, more than VEMY's 8.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SAR Saratoga Investment Corp. | 19.67% | 14.04% | 13.80% | 10.90% | 11.02% | 6.16% | 6.57% | 6.61% | 10.35% | 10.51% | 9.12% | 14.14% |
VEMY Virtus Stone Harbor Emerging Markets High Yield Bond ETF | 8.09% | 8.89% | 10.28% | 9.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SAR and VEMY have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SAR has higher volatility (18.14%) compared to VEMY (1.19%). In terms of maximum drawdown, SAR dropped -90.67% vs VEMY's -8.77%.
VEMY currently has the higher Sharpe Ratio (2.21 vs -0.19), 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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