SHCDX vs. PYCEX
Compare and contrast key facts about Virtus Stone Harbor Emerg Mkts Corp Dbt (SHCDX) and Payden Emerging Markets Corporate Bond Fund (PYCEX).
SHCDX is managed by Stone Harbor. It was launched on May 31, 2011. PYCEX is managed by Paydenfunds. It was launched on Nov 10, 2013.
Performance
SHCDX vs. PYCEX - Performance Comparison
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SHCDX vs. PYCEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHCDX Virtus Stone Harbor Emerg Mkts Corp Dbt | 0.02% | 8.81% | 7.58% | 9.70% | -11.76% | 1.95% | 7.77% | 13.94% | -3.90% | 9.29% |
PYCEX Payden Emerging Markets Corporate Bond Fund | -0.54% | 7.96% | 7.90% | 7.37% | -11.02% | 0.80% | 8.17% | 11.90% | -3.33% | 9.13% |
Returns By Period
In the year-to-date period, SHCDX achieves a 0.02% return, which is significantly higher than PYCEX's -0.54% return. Over the past 10 years, SHCDX has outperformed PYCEX with an annualized return of 4.60%, while PYCEX has yielded a comparatively lower 4.20% annualized return.
SHCDX
- 1D
- 0.13%
- 1M
- -1.42%
- YTD
- 0.02%
- 6M
- 1.40%
- 1Y
- 5.94%
- 3Y*
- 7.96%
- 5Y*
- 3.13%
- 10Y*
- 4.60%
PYCEX
- 1D
- 0.23%
- 1M
- -1.75%
- YTD
- -0.54%
- 6M
- 0.64%
- 1Y
- 4.94%
- 3Y*
- 7.27%
- 5Y*
- 2.39%
- 10Y*
- 4.20%
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SHCDX vs. PYCEX - Expense Ratio Comparison
SHCDX has a 1.02% expense ratio, which is higher than PYCEX's 0.65% expense ratio.
Return for Risk
SHCDX vs. PYCEX — Risk / Return Rank
SHCDX
PYCEX
SHCDX vs. PYCEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Stone Harbor Emerg Mkts Corp Dbt (SHCDX) and Payden Emerging Markets Corporate Bond Fund (PYCEX). 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 | PYCEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.87 | 1.96 | -0.09 |
Sortino ratioReturn per unit of downside risk | 2.29 | 2.54 | -0.25 |
Omega ratioGain probability vs. loss probability | 1.54 | 1.49 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.64 | 1.71 | -0.07 |
Martin ratioReturn relative to average drawdown | 7.50 | 7.05 | +0.46 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SHCDX | PYCEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.87 | 1.96 | -0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | 0.75 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.93 | 1.18 | -0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.05 | 1.19 | -0.13 |
Correlation
The correlation between SHCDX and PYCEX is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
SHCDX vs. PYCEX - Dividend Comparison
SHCDX's dividend yield for the trailing twelve months is around 6.19%, less than PYCEX's 6.43% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHCDX Virtus Stone Harbor Emerg Mkts Corp Dbt | 6.19% | 6.00% | 6.33% | 5.72% | 5.52% | 4.65% | 5.28% | 4.72% | 6.08% | 4.10% | 5.44% | 5.04% |
PYCEX Payden Emerging Markets Corporate Bond Fund | 6.43% | 6.50% | 6.21% | 5.59% | 4.92% | 5.23% | 4.00% | 4.81% | 5.13% | 4.84% | 4.18% | 4.51% |
Drawdowns
SHCDX vs. PYCEX - Drawdown Comparison
The maximum SHCDX drawdown since its inception was -26.24%, which is greater than PYCEX's maximum drawdown of -20.12%. Use the drawdown chart below to compare losses from any high point for SHCDX and PYCEX.
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Drawdown Indicators
| SHCDX | PYCEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.24% | -20.12% | -6.12% |
Max Drawdown (1Y)Largest decline over 1 year | -3.63% | -2.96% | -0.67% |
Max Drawdown (5Y)Largest decline over 5 years | -21.81% | -20.12% | -1.69% |
Max Drawdown (10Y)Largest decline over 10 years | -26.24% | -20.12% | -6.12% |
Current DrawdownCurrent decline from peak | -1.78% | -2.08% | +0.30% |
Average DrawdownAverage peak-to-trough decline | -3.15% | -3.04% | -0.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 0.72% | +0.07% |
Volatility
SHCDX vs. PYCEX - Volatility Comparison
Virtus Stone Harbor Emerg Mkts Corp Dbt (SHCDX) has a higher volatility of 0.89% compared to Payden Emerging Markets Corporate Bond Fund (PYCEX) at 0.84%. This indicates that SHCDX's price experiences larger fluctuations and is considered to be riskier than PYCEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHCDX | PYCEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.89% | 0.84% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 1.41% | 1.42% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.27% | 2.59% | +0.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.84% | 3.21% | +0.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.95% | 3.57% | +1.38% |