SHCDX vs. EDD
SHCDX (Virtus Stone Harbor Emerg Mkts Corp Dbt) and EDD (Morgan Stanley Emerging Markets Domestic Fund) are both Emerging Markets Bonds funds. Over the past 10 years, SHCDX returned 4.34%/yr vs 5.44%/yr for EDD. Their 0.34 correlation means their historical movements had little consistent relationship. SHCDX charges 1.02%/yr vs 2.20%/yr for EDD.
Performance
SHCDX vs. EDD - 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 EDD's 15.39% return. Over the past 10 years, SHCDX has underperformed EDD with an annualized return of 4.34%, while EDD has yielded a comparatively higher 5.44% 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%
EDD
- 1D
- 0.52%
- 1M
- 0.52%
- 6M
- 7.29%
- YTD
- 15.39%
- 1Y
- 28.28%
- 3Y*
- 19.33%
- 5Y*
- 8.26%
- 10Y*
- 5.44%
- ALL TIME*
- 2.98%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.90M | $2.96M | $2.41M | |
| $0.00 | $0.00 | $0.00 |
SHCDX vs. EDD - 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% |
EDD Morgan Stanley Emerging Markets Domestic Fund | 15.39% | 32.46% | 8.64% | 14.09% | -14.15% | -7.03% | -2.84% | 25.45% | -14.09% | 16.34% |
Correlation
The correlation between SHCDX and EDD is 0.37, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.37 |
Correlation (3Y) Balances recent behavior with more history. | 0.31 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.31 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.32 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2012 | 0.34 |
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Return for Risk
SHCDX vs. EDD — Risk / Return Rank
SHCDX
EDD
SHCDX vs. EDD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Stone Harbor Emerg Mkts Corp Dbt (SHCDX) and Morgan Stanley Emerging Markets Domestic Fund (EDD). 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 | EDD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.27 | ||
| Sortino ratioReturn per unit of downside risk | +2.34 | ||
| Omega ratioGain probability vs. loss probability | 1.75 | 1.30 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 3.20 | 1.61 | +1.59 |
| Martin ratioReturn relative to average drawdown | 12.85 | 5.15 | +7.70 |
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Drawdowns
SHCDX vs. EDD - Drawdown Comparison
The maximum SHCDX drawdown since its inception was -26.24%, smaller than the maximum EDD drawdown of -59.38%. Use the drawdown chart below to compare losses from any high point for SHCDX and EDD.
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Drawdown Indicators
| SHCDX | EDD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.24% | -59.38% | +33.14% |
Max Drawdown (1Y)Largest decline over 1 year | -1.90% | -17.67% | +15.77% |
Max Drawdown (3Y)Largest decline over 3 years | -3.86% | -17.67% | +13.81% |
Max Drawdown (5Y)Largest decline over 5 years | -21.81% | -32.04% | +10.23% |
Max Drawdown (10Y)Largest decline over 10 years | -26.24% | -42.70% | +16.46% |
Current DrawdownCurrent decline from peak | -0.37% | -2.34% | +1.97% |
Average DrawdownAverage peak-to-trough decline | -3.08% | -24.05% | +20.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.47% | 5.50% | -5.03% |
Volatility
SHCDX vs. EDD - Volatility Comparison
The current volatility for Virtus Stone Harbor Emerg Mkts Corp Dbt (SHCDX) is 0.46%, while Morgan Stanley Emerging Markets Domestic Fund (EDD) has a volatility of 4.59%. This indicates that SHCDX experiences smaller price fluctuations and is considered to be less risky than EDD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHCDX | EDD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.46% | 4.59% | -4.13% |
Volatility (6M)Calculated over the trailing 6-month period | 1.72% | 13.85% | -12.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.05% | 16.75% | -14.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.87% | 15.57% | -11.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.94% | 17.67% | -12.73% |
SHCDX vs. EDD - Expense Ratio Comparison
SHCDX has a 1.02% expense ratio, which is lower than EDD's 2.20% expense ratio.
Dividends
SHCDX vs. EDD - Dividend Comparison
SHCDX's dividend yield for the trailing twelve months is around 6.05%, less than EDD's 10.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EDD Morgan Stanley Emerging Markets Domestic Fund | 10.77% | 9.76% | 11.45% | 7.30% | 6.82% | 6.93% | 6.92% | 8.15% | 9.90% | 8.18% | 10.32% | 12.65% |
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 EDD have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EDD has higher volatility (4.59%) compared to SHCDX (0.46%). In terms of maximum drawdown, SHCDX dropped -26.24% vs EDD's -59.38%.
SHCDX currently has the higher Sharpe Ratio (2.97 vs 1.70), 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.
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