SHCDX vs. ELBIX

Last updated Aug 4, 2026

SHCDX (Virtus Stone Harbor Emerg Mkts Corp Dbt) and ELBIX (Ashmore Emerging Markets Local Currency Bond Fund) are both Emerging Markets Bonds funds. Their 0.41 correlation means their historical movements had little consistent relationship. SHCDX charges 1.02%/yr vs 0.97%/yr for ELBIX.

Performance

SHCDX vs. ELBIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus Stone Harbor Emerg Mkts Corp Dbt (SHCDX) and Ashmore Emerging Markets Local Currency Bond Fund (ELBIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

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%

ELBIX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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)
SHCDX Virtus Stone Harbor Emerg Mkts Corp Dbt	$0.00	$0.00	$0.00

SHCDX vs. ELBIX - 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%
ELBIX Ashmore Emerging Markets Local Currency Bond Fund	0.24%	19.17%	-4.30%	14.03%	-10.00%	-9.55%	2.65%	12.11%	-7.02%	13.54%

Correlation

The correlation between SHCDX and ELBIX is 0.45, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.45
Correlation (3Y) Balances recent behavior with more history.	0.40
Correlation (5Y) Shows whether the relationship held over a longer period.	0.45
Correlation (10Y) Provides a long-term view across more market conditions.	0.40
Correlation (All Time) Calculated using the full available price history since Jan 3, 2012	0.41

Return for Risk

SHCDX vs. ELBIX — 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

ELBIX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. ELBIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus Stone Harbor Emerg Mkts Corp Dbt (SHCDX) and Ashmore Emerging Markets Local Currency Bond Fund (ELBIX). 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	ELBIX	Difference
Sharpe ratio: Return per unit of total volatility	2.97	—	—
Sortino ratio: Return per unit of downside risk	4.71	—	—
Omega ratio: Gain probability vs. loss probability	1.75	—	—
Calmar ratio: Return relative to maximum drawdown	3.20	—	—
Martin ratio: Return relative to average drawdown	12.85	—	—

Drawdowns

Drawdown Indicators

	SHCDX	ELBIX	Difference
Max Drawdown Largest peak-to-trough decline	-26.24%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-1.90%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-3.86%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.81%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-26.24%	—	—
Current Drawdown Current decline from peak	-0.37%	—	—
Average Drawdown Average peak-to-trough decline	-3.08%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.47%	—	—

Volatility

Volatility by Period

	SHCDX	ELBIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.46%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.72%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.05%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.87%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.94%	—	—

SHCDX vs. ELBIX - Expense Ratio Comparison

SHCDX has a 1.02% expense ratio, which is higher than ELBIX's 0.97% expense ratio.

Dividends

SHCDX vs. ELBIX - Dividend Comparison

SHCDX's dividend yield for the trailing twelve months is around 6.05%, less than ELBIX's 6.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ELBIX Ashmore Emerging Markets Local Currency Bond Fund	6.68%	8.01%	4.10%	4.23%	1.39%	0.00%	1.20%	0.65%	2.54%	1.96%	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

Can I hold both SHCDX and ELBIX in my portfolio?

SHCDX and ELBIX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.