SHCDX vs. DBLLX

Last updated Aug 4, 2026

SHCDX (Virtus Stone Harbor Emerg Mkts Corp Dbt) and DBLLX (DoubleLine Low Duration Emerging Markets Fixed Income Fund) are both Emerging Markets Bonds funds. Over the past 10 years, SHCDX returned 4.34%/yr vs 3.32%/yr for DBLLX. Their 0.56 correlation means they have sometimes moved together and sometimes differently. SHCDX charges 1.02%/yr vs 0.59%/yr for DBLLX.

Performance

SHCDX vs. DBLLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus Stone Harbor Emerg Mkts Corp Dbt (SHCDX) and DoubleLine Low Duration Emerging Markets Fixed Income Fund (DBLLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SHCDX achieves a 2.96% return, which is significantly higher than DBLLX's 0.95% return. Over the past 10 years, SHCDX has outperformed DBLLX with an annualized return of 4.34%, while DBLLX has yielded a comparatively lower 3.32% annualized return.

SHCDX

• 1D: 0.12%
• 1M: -0.32%
• 6M: 1.94%
• YTD: 2.96%
• 1Y: 6.06%
• 3Y*: 8.06%
• 5Y*: 2.97%
• 10Y*: 4.34%
• ALL TIME*: 4.90%

DBLLX

• 1D: -0.41%
• 1M: -0.31%
• 6M: 0.36%
• YTD: 0.95%
• 1Y: 3.61%
• 3Y*: 6.44%
• 5Y*: 3.36%
• 10Y*: 3.32%
• ALL TIME*: 3.26%

*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)
DBLLX DoubleLine Low Duration Emerging Markets Fixed Income Fund	$0.00	$0.00	$0.00
SHCDX Virtus Stone Harbor Emerg Mkts Corp Dbt	$0.00	$0.00	$0.00

SHCDX vs. DBLLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SHCDX Virtus Stone Harbor Emerg Mkts Corp Dbt	2.96%	8.81%	7.58%	9.70%	-11.76%	1.95%	7.77%	13.94%	-3.90%	9.29%
DBLLX DoubleLine Low Duration Emerging Markets Fixed Income Fund	0.95%	7.86%	7.20%	7.00%	-5.05%	-0.21%	3.53%	8.57%	-0.04%	4.20%

Correlation

The correlation between SHCDX and DBLLX is 0.40, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.40
Correlation (3Y) Balances recent behavior with more history.	0.59
Correlation (5Y) Shows whether the relationship held over a longer period.	0.60
Correlation (10Y) Provides a long-term view across more market conditions.	0.53
Correlation (All Time) Calculated using the full available price history since Apr 8, 2014	0.56

The correlation between SHCDX and DBLLX shifts across timeframes, from 0.40 (1 year) to 0.60 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

SHCDX vs. DBLLX — Risk / Return Rank

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

SHCDX

SHCDX Risk / Return Rank: 94
SHCDX Sharpe Ratio Rank: 98
SHCDX Sortino Ratio Rank: 97
SHCDX Omega Ratio Rank: 98
SHCDX Calmar Ratio Rank: 87
SHCDX Martin Ratio Rank: 90

DBLLX

DBLLX Risk / Return Rank: 96
DBLLX Sharpe Ratio Rank: 97
DBLLX Sortino Ratio Rank: 97
DBLLX Omega Ratio Rank: 98
DBLLX Calmar Ratio Rank: 93
DBLLX Martin Ratio Rank: 96

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.

SHCDX vs. DBLLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus Stone Harbor Emerg Mkts Corp Dbt (SHCDX) and DoubleLine Low Duration Emerging Markets Fixed Income Fund (DBLLX). 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.

	SHCDX	DBLLX	Difference
Sharpe ratio: Return per unit of total volatility	2.97	2.93	+0.04
Sortino ratio: Return per unit of downside risk	4.71	4.59	+0.12
Omega ratio: Gain probability vs. loss probability	1.75	1.83	-0.09
Calmar ratio: Return relative to maximum drawdown	3.20	3.93	-0.73
Martin ratio: Return relative to average drawdown	12.85	17.59	-4.73

SHCDX vs. DBLLX - Sharpe Ratio Comparison

The current SHCDX Sharpe Ratio is 2.97, which is comparable to the DBLLX Sharpe Ratio of 2.93. The chart below compares the historical Sharpe Ratios of SHCDX and DBLLX, 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

SHCDX vs. DBLLX - Drawdown Comparison

The maximum SHCDX drawdown since its inception was -26.24%, which is greater than DBLLX's maximum drawdown of -10.13%. Use the drawdown chart below to compare losses from any high point for SHCDX and DBLLX.

Drawdown Indicators

	SHCDX	DBLLX	Difference
Max Drawdown Largest peak-to-trough decline	-26.24%	-10.13%	-16.11%
Max Drawdown (1Y) Largest decline over 1 year	-1.90%	-0.92%	-0.98%
Max Drawdown (3Y) Largest decline over 3 years	-3.86%	-1.35%	-2.51%
Max Drawdown (5Y) Largest decline over 5 years	-21.81%	-10.13%	-11.68%
Max Drawdown (10Y) Largest decline over 10 years	-26.24%	-10.13%	-16.11%
Current Drawdown Current decline from peak	-0.37%	-0.41%	+0.04%
Average Drawdown Average peak-to-trough decline	-3.08%	-1.27%	-1.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.47%	0.21%	+0.26%

Volatility

SHCDX vs. DBLLX - Volatility Comparison

The current volatility for Virtus Stone Harbor Emerg Mkts Corp Dbt (SHCDX) is 0.46%, while DoubleLine Low Duration Emerging Markets Fixed Income Fund (DBLLX) has a volatility of 0.53%. This indicates that SHCDX experiences smaller price fluctuations and is considered to be less risky than DBLLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SHCDX	DBLLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.46%	0.53%	-0.07%
Volatility (6M) Calculated over the trailing 6-month period	1.72%	1.03%	+0.69%
Volatility (1Y) Calculated over the trailing 1-year period	2.05%	1.24%	+0.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.87%	1.95%	+1.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.94%	1.91%	+3.03%

SHCDX vs. DBLLX - Expense Ratio Comparison

SHCDX has a 1.02% expense ratio, which is higher than DBLLX's 0.59% expense ratio.

Dividends

SHCDX vs. DBLLX - Dividend Comparison

SHCDX's dividend yield for the trailing twelve months is around 6.05%, more than DBLLX's 4.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DBLLX DoubleLine Low Duration Emerging Markets Fixed Income Fund	4.65%	5.27%	4.70%	3.74%	2.41%	2.15%	2.61%	4.93%	2.87%	3.00%	3.19%	3.77%
SHCDX Virtus Stone Harbor Emerg Mkts Corp Dbt	6.05%	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

Can I hold both SHCDX and DBLLX in my portfolio?

SHCDX and DBLLX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SHCDX or DBLLX?

DBLLX has higher volatility (0.53%) compared to SHCDX (0.46%). In terms of maximum drawdown, SHCDX dropped -26.24% vs DBLLX's -10.13%.

Which has better risk-adjusted returns?

SHCDX currently has the higher Sharpe Ratio (2.97 vs 2.93), 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.