SEDAX vs. SHMDX
Compare and contrast key facts about SEI Institutional Investments Trust Emerging Markets Debt Fund (SEDAX) and Virtus Stone Harbor Emerging Mkts Debt (SHMDX).
SEDAX is managed by SEI. It was launched on Dec 4, 2005. SHMDX is managed by Stone Harbor. It was launched on Aug 15, 2007.
Performance
SEDAX vs. SHMDX - Performance Comparison
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SEDAX vs. SHMDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SEDAX SEI Institutional Investments Trust Emerging Markets Debt Fund | -1.41% | 20.33% | 3.13% | 12.86% | -14.53% | -4.93% | 4.68% | 15.55% | -8.11% | 15.32% |
SHMDX Virtus Stone Harbor Emerging Mkts Debt | -1.45% | 15.13% | 8.90% | 14.81% | -19.74% | -2.52% | 7.06% | 15.20% | -7.86% | 11.58% |
Returns By Period
The year-to-date returns for both stocks are quite close, with SEDAX having a -1.41% return and SHMDX slightly lower at -1.45%. Over the past 10 years, SEDAX has underperformed SHMDX with an annualized return of 3.95%, while SHMDX has yielded a comparatively higher 4.16% annualized return.
SEDAX
- 1D
- -0.44%
- 1M
- -5.30%
- YTD
- -1.41%
- 6M
- 2.79%
- 1Y
- 14.75%
- 3Y*
- 10.00%
- 5Y*
- 3.52%
- 10Y*
- 3.95%
SHMDX
- 1D
- -0.26%
- 1M
- -4.10%
- YTD
- -1.45%
- 6M
- 2.22%
- 1Y
- 11.00%
- 3Y*
- 11.48%
- 5Y*
- 3.11%
- 10Y*
- 4.16%
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SEDAX vs. SHMDX - Expense Ratio Comparison
SEDAX has a 0.41% expense ratio, which is lower than SHMDX's 0.73% expense ratio.
Return for Risk
SEDAX vs. SHMDX — Risk / Return Rank
SEDAX
SHMDX
SEDAX vs. SHMDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SEI Institutional Investments Trust Emerging Markets Debt Fund (SEDAX) and Virtus Stone Harbor Emerging Mkts Debt (SHMDX). 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.
| SEDAX | SHMDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.66 | 2.08 | +0.57 |
Sortino ratioReturn per unit of downside risk | 3.72 | 2.90 | +0.82 |
Omega ratioGain probability vs. loss probability | 1.57 | 1.45 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 2.66 | 2.33 | +0.33 |
Martin ratioReturn relative to average drawdown | 12.37 | 10.03 | +2.34 |
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
| SEDAX | SHMDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.66 | 2.08 | +0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 0.46 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.55 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.50 | -0.11 |
Correlation
The correlation between SEDAX and SHMDX is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
SEDAX vs. SHMDX - Dividend Comparison
SEDAX's dividend yield for the trailing twelve months is around 7.41%, more than SHMDX's 6.34% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SEDAX SEI Institutional Investments Trust Emerging Markets Debt Fund | 7.41% | 7.30% | 7.24% | 4.65% | 2.08% | 4.69% | 1.52% | 3.75% | 3.17% | 4.70% | 3.59% | 1.00% |
SHMDX Virtus Stone Harbor Emerging Mkts Debt | 6.34% | 6.21% | 6.73% | 8.10% | 10.70% | 4.78% | 5.24% | 5.51% | 6.80% | 6.12% | 6.72% | 6.65% |
Drawdowns
SEDAX vs. SHMDX - Drawdown Comparison
The maximum SEDAX drawdown since its inception was -37.03%, roughly equal to the maximum SHMDX drawdown of -35.83%. Use the drawdown chart below to compare losses from any high point for SEDAX and SHMDX.
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Drawdown Indicators
| SEDAX | SHMDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.03% | -35.83% | -1.20% |
Max Drawdown (1Y)Largest decline over 1 year | -5.49% | -4.72% | -0.77% |
Max Drawdown (5Y)Largest decline over 5 years | -27.01% | -31.98% | +4.97% |
Max Drawdown (10Y)Largest decline over 10 years | -27.25% | -31.98% | +4.73% |
Current DrawdownCurrent decline from peak | -5.49% | -4.33% | -1.16% |
Average DrawdownAverage peak-to-trough decline | -6.83% | -5.99% | -0.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.18% | 1.10% | +0.08% |
Volatility
SEDAX vs. SHMDX - Volatility Comparison
SEI Institutional Investments Trust Emerging Markets Debt Fund (SEDAX) has a higher volatility of 2.94% compared to Virtus Stone Harbor Emerging Mkts Debt (SHMDX) at 2.03%. This indicates that SEDAX's price experiences larger fluctuations and is considered to be riskier than SHMDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SEDAX | SHMDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.94% | 2.03% | +0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 3.96% | 3.10% | +0.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.59% | 5.24% | +0.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.90% | 6.87% | +0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.41% | 7.57% | +0.84% |