SHCDX vs. DOW
SHCDX (Virtus Stone Harbor Emerg Mkts Corp Dbt) is Emerging Markets Bonds fund managed by Stone Harbor, while DOW (Dow Inc.) is a stock. Over the past 5 years, SHCDX returned 2.97%/yr vs -8.43%/yr for DOW. Their 0.12 correlation means their historical movements had little consistent relationship.
Performance
SHCDX vs. DOW - Performance Comparison
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Returns By Period
In the year-to-date period, SHCDX achieves a 2.96% return, which is significantly lower than DOW's 30.67% 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%
DOW
- 1D
- -1.32%
- 1M
- 7.87%
- 6M
- 5.79%
- YTD
- 30.67%
- 1Y
- 44.35%
- 3Y*
- -13.26%
- 5Y*
- -8.43%
- 10Y*
- —
- ALL TIME*
- -2.26%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
DOW Dow Inc. | $341.01M | $313.37M | $381.97M |
| $0.00 | $0.00 | $0.00 |
SHCDX vs. DOW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SHCDX Virtus Stone Harbor Emerg Mkts Corp Dbt | 2.96% | 8.81% | 7.58% | 9.70% | -11.76% | 1.95% | 7.77% | 8.12% |
DOW Dow Inc. | 30.67% | -37.38% | -22.79% | 14.71% | -6.65% | 6.81% | 7.88% | 8.40% |
Correlation
The correlation between SHCDX and DOW is 0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.02 |
Correlation (3Y) Balances recent behavior with more history. | 0.11 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.13 |
Correlation (All Time) Calculated using the full available price history since Mar 20, 2019 | 0.12 |
The correlation between SHCDX and DOW shifts across timeframes, from 0.02 (1 year) to 0.13 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SHCDX vs. DOW — Risk / Return Rank
SHCDX
DOW
SHCDX vs. DOW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Stone Harbor Emerg Mkts Corp Dbt (SHCDX) and Dow Inc. (DOW). 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 | DOW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.98 | ||
| Sortino ratioReturn per unit of downside risk | +3.02 | ||
| Omega ratioGain probability vs. loss probability | 1.75 | 1.19 | +0.55 |
| Calmar ratioReturn relative to maximum drawdown | 3.20 | 1.28 | +1.92 |
| Martin ratioReturn relative to average drawdown | 12.85 | 3.41 | +9.45 |
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Drawdowns
SHCDX vs. DOW - Drawdown Comparison
The maximum SHCDX drawdown since its inception was -26.24%, smaller than the maximum DOW drawdown of -64.37%. Use the drawdown chart below to compare losses from any high point for SHCDX and DOW.
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Drawdown Indicators
| SHCDX | DOW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.24% | -64.37% | +38.13% |
Max Drawdown (1Y)Largest decline over 1 year | -1.90% | -34.81% | +32.91% |
Max Drawdown (3Y)Largest decline over 3 years | -3.86% | -62.16% | +58.30% |
Max Drawdown (5Y)Largest decline over 5 years | -21.81% | -64.37% | +42.56% |
Max Drawdown (10Y)Largest decline over 10 years | -26.24% | — | — |
Current DrawdownCurrent decline from peak | -0.37% | -46.30% | +45.93% |
Average DrawdownAverage peak-to-trough decline | -3.08% | -23.23% | +20.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.47% | 13.05% | -12.58% |
Volatility
SHCDX vs. DOW - Volatility Comparison
The current volatility for Virtus Stone Harbor Emerg Mkts Corp Dbt (SHCDX) is 0.46%, while Dow Inc. (DOW) has a volatility of 11.66%. This indicates that SHCDX experiences smaller price fluctuations and is considered to be less risky than DOW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHCDX | DOW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.46% | 11.66% | -11.20% |
Volatility (6M)Calculated over the trailing 6-month period | 1.72% | 32.93% | -31.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.05% | 45.10% | -43.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.87% | 33.89% | -30.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.94% | 38.68% | -33.74% |
Dividends
SHCDX vs. DOW - Dividend Comparison
SHCDX's dividend yield for the trailing twelve months is around 6.05%, more than DOW's 4.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DOW Dow Inc. | 4.68% | 8.98% | 6.98% | 5.11% | 5.56% | 4.94% | 5.05% | 3.84% | 0.00% | 0.00% | 0.00% | 0.00% |
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
SHCDX and DOW have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DOW has higher volatility (11.66%) compared to SHCDX (0.46%). In terms of maximum drawdown, SHCDX dropped -26.24% vs DOW's -64.37%.
SHCDX currently has the higher Sharpe Ratio (2.97 vs 0.99), 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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