SHCDX vs. DOW

Last updated Jun 3, 2026

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 3.19%/yr vs -8.37%/yr for DOW. At a 0.13 correlation, their price movements are largely independent.

Performance

SHCDX vs. DOW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus Stone Harbor Emerg Mkts Corp Dbt (SHCDX) and Dow Inc. (DOW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SHCDX achieves a 2.83% return, which is significantly lower than DOW's 51.79% return.

SHCDX

• 1D: 0.12%
• 1M: 0.39%
• YTD: 2.83%
• 6M: 3.72%
• 1Y: 9.55%
• 3Y*: 8.87%
• 5Y*: 3.19%
• 10Y*: 4.68%

DOW

• 1D: 0.09%
• 1M: -12.95%
• YTD: 51.79%
• 6M: 48.74%
• 1Y: 34.32%
• 3Y*: -7.14%
• 5Y*: -8.37%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SHCDX vs. DOW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
SHCDX Virtus Stone Harbor Emerg Mkts Corp Dbt	2.83%	8.81%	7.58%	9.70%	-11.76%	1.95%	7.77%	8.00%
DOW Dow Inc.	51.79%	-37.38%	-22.79%	14.71%	-6.65%	6.81%	7.88%	14.82%

Correlation

The correlation between SHCDX and DOW is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (5Y) Calculated over the trailing 5-year period	0.13
Correlation (All Time) Calculated using the full available price history since Mar 21, 2019	0.13

Return for Risk

SHCDX vs. DOW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SHCDX

SHCDX Risk / Return Rank: 96
SHCDX Sharpe Ratio Rank: 99
SHCDX Sortino Ratio Rank: 99
SHCDX Omega Ratio Rank: 98
SHCDX Calmar Ratio Rank: 92
SHCDX Martin Ratio Rank: 93

DOW

DOW Risk / Return Rank: 60
DOW Sharpe Ratio Rank: 63
DOW Sortino Ratio Rank: 59
DOW Omega Ratio Rank: 58
DOW Calmar Ratio Rank: 61
DOW Martin Ratio Rank: 59

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

	SHCDX	DOW	Difference
Sharpe ratio Return per unit of total volatility	4.69	0.70	+3.99
Sortino ratio Return per unit of downside risk	7.77	1.24	+6.53
Omega ratio Gain probability vs. loss probability	2.38	1.16	+1.22
Calmar ratio Return relative to maximum drawdown	5.02	0.99	+4.03
Martin ratio Return relative to average drawdown	20.42	1.89	+18.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SHCDX vs. DOW - Sharpe Ratio Comparison

The current SHCDX Sharpe Ratio is 4.69, which is higher than the DOW Sharpe Ratio of 0.70. The chart below compares the historical Sharpe Ratios of SHCDX and DOW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SHCDX	DOW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.69	0.70	+3.99
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.83	-0.25	+1.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.95	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.09	0.01	+1.07

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.

Drawdown Indicators

	SHCDX	DOW	Difference
Max Drawdown Largest peak-to-trough decline	-26.24%	-64.37%	+38.13%
Max Drawdown (1Y) Largest decline over 1 year	-1.90%	-32.02%	+30.12%
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 Drawdown Current decline from peak	0.00%	-37.63%	+37.63%
Average Drawdown Average peak-to-trough decline	-3.12%	-22.71%	+19.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.47%	16.80%	-16.33%

Volatility

SHCDX vs. DOW - Volatility Comparison

The current volatility for Virtus Stone Harbor Emerg Mkts Corp Dbt (SHCDX) is 0.73%, while Dow Inc. (DOW) has a volatility of 10.74%. 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.

Volatility by Period

	SHCDX	DOW	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.73%	10.74%	-10.01%
Volatility (6M) Calculated over the trailing 6-month period	1.68%	33.07%	-31.39%
Volatility (1Y) Calculated over the trailing 1-year period	2.05%	49.40%	-47.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.87%	33.50%	-29.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.95%	38.67%	-33.72%

Dividends

SHCDX vs. DOW - Dividend Comparison

SHCDX's dividend yield for the trailing twelve months is around 6.09%, more than DOW's 4.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DOW Dow Inc.	4.03%	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	6.09%	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 DOW in my portfolio?

SHCDX and DOW have a correlation of 0.04, 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 DOW?

DOW has higher volatility (10.74%) compared to SHCDX (0.73%). In terms of maximum drawdown, SHCDX dropped -26.24% vs DOW's -64.37%.

Which has better risk-adjusted returns?

SHCDX currently has the higher Sharpe Ratio (4.69 vs 0.70), 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.