SHCDX vs. DGRO
SHCDX (Virtus Stone Harbor Emerg Mkts Corp Dbt) and DGRO (iShares Core Dividend Growth ETF) are both funds - SHCDX is a Emerging Markets Bonds fund managed by Stone Harbor, while DGRO is a Large Cap Growth Equities fund tracking the Morningstar US Dividend Growth Index. Over the past 10 years, SHCDX returned 4.66%/yr vs 13.62%/yr for DGRO. At a 0.21 correlation, their price movements are largely independent. SHCDX charges 1.02%/yr vs 0.08%/yr for DGRO.
Performance
SHCDX vs. DGRO - Performance Comparison
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Returns By Period
In the year-to-date period, SHCDX achieves a 3.29% return, which is significantly lower than DGRO's 9.19% return. Over the past 10 years, SHCDX has underperformed DGRO with an annualized return of 4.66%, while DGRO has yielded a comparatively higher 13.62% annualized return.
SHCDX
- 1D
- 0.00%
- 1M
- 1.07%
- YTD
- 3.29%
- 6M
- 3.42%
- 1Y
- 8.74%
- 3Y*
- 8.65%
- 5Y*
- 3.10%
- 10Y*
- 4.66%
DGRO
- 1D
- 0.32%
- 1M
- 0.80%
- YTD
- 9.19%
- 6M
- 8.52%
- 1Y
- 22.22%
- 3Y*
- 16.92%
- 5Y*
- 11.00%
- 10Y*
- 13.62%
SHCDX vs. DGRO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHCDX Virtus Stone Harbor Emerg Mkts Corp Dbt | 3.29% | 8.81% | 7.58% | 9.70% | -11.76% | 1.95% | 7.77% | 13.94% | -3.90% | 9.29% |
DGRO iShares Core Dividend Growth ETF | 9.19% | 15.69% | 16.62% | 10.47% | -7.91% | 26.64% | 9.50% | 29.87% | -2.38% | 23.00% |
Correlation
The correlation between SHCDX and DGRO is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2014 | 0.21 |
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Return for Risk
SHCDX vs. DGRO — Risk / Return Rank
SHCDX
DGRO
SHCDX vs. DGRO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Stone Harbor Emerg Mkts Corp Dbt (SHCDX) and iShares Core Dividend Growth ETF (DGRO). 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 | DGRO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.01 | ||
| Sortino ratioReturn per unit of downside risk | +3.75 | ||
| Omega ratioGain probability vs. loss probability | 2.24 | 1.42 | +0.82 |
| Calmar ratioReturn relative to maximum drawdown | 4.68 | 3.45 | +1.23 |
| Martin ratioReturn relative to average drawdown | 19.01 | 13.31 | +5.69 |
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Drawdowns
SHCDX vs. DGRO - Drawdown Comparison
The maximum SHCDX drawdown since its inception was -26.24%, smaller than the maximum DGRO drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for SHCDX and DGRO.
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Drawdown Indicators
| SHCDX | DGRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.24% | -35.10% | +8.86% |
Max Drawdown (1Y)Largest decline over 1 year | -1.90% | -6.47% | +4.57% |
Max Drawdown (3Y)Largest decline over 3 years | -3.86% | -14.03% | +10.17% |
Max Drawdown (5Y)Largest decline over 5 years | -21.81% | -19.31% | -2.50% |
Max Drawdown (10Y)Largest decline over 10 years | -26.24% | -35.10% | +8.86% |
Current DrawdownCurrent decline from peak | -0.05% | -0.90% | +0.85% |
Average DrawdownAverage peak-to-trough decline | -3.11% | -3.43% | +0.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.47% | 1.67% | -1.20% |
Volatility
SHCDX vs. DGRO - Volatility Comparison
The current volatility for Virtus Stone Harbor Emerg Mkts Corp Dbt (SHCDX) is 0.49%, while iShares Core Dividend Growth ETF (DGRO) has a volatility of 2.63%. This indicates that SHCDX experiences smaller price fluctuations and is considered to be less risky than DGRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHCDX | DGRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.49% | 2.63% | -2.14% |
Volatility (6M)Calculated over the trailing 6-month period | 1.70% | 6.94% | -5.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.05% | 9.53% | -7.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.87% | 13.80% | -9.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.95% | 16.60% | -11.65% |
SHCDX vs. DGRO - Expense Ratio Comparison
SHCDX has a 1.02% expense ratio, which is higher than DGRO's 0.08% expense ratio.
Dividends
SHCDX vs. DGRO - Dividend Comparison
SHCDX's dividend yield for the trailing twelve months is around 5.99%, more than DGRO's 1.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGRO iShares Core Dividend Growth ETF | 1.97% | 2.09% | 2.26% | 2.45% | 2.34% | 1.93% | 2.30% | 2.21% | 2.44% | 2.03% | 2.27% | 2.52% |
SHCDX Virtus Stone Harbor Emerg Mkts Corp Dbt | 5.99% | 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
SHCDX and DGRO have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DGRO has higher volatility (2.63%) compared to SHCDX (0.49%). In terms of maximum drawdown, SHCDX dropped -26.24% vs DGRO's -35.10%.
SHCDX currently has the higher Sharpe Ratio (4.36 vs 2.35), 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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