SHCDX vs. SPY
Compare and contrast key facts about Virtus Stone Harbor Emerg Mkts Corp Dbt (SHCDX) and SPDR S&P 500 ETF (SPY).
SHCDX is managed by Stone Harbor. It was launched on May 31, 2011. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SHCDX or SPY.
Key characteristics
| SHCDX | SPY | |
|---|---|---|
| YTD Return | 8.20% | 27.04% |
| 1Y Return | 14.34% | 39.75% |
| 3Y Return (Ann) | 1.48% | 10.21% |
| 5Y Return (Ann) | 3.19% | 15.93% |
| 10Y Return (Ann) | 4.02% | 13.36% |
| Sharpe Ratio | 5.56 | 3.15 |
| Sortino Ratio | 9.82 | 4.19 |
| Omega Ratio | 2.54 | 1.59 |
| Calmar Ratio | 1.41 | 4.60 |
| Martin Ratio | 37.67 | 20.85 |
| Ulcer Index | 0.38% | 1.85% |
| Daily Std Dev | 2.55% | 12.29% |
| Max Drawdown | -26.24% | -55.19% |
| Current Drawdown | -0.59% | 0.00% |
Correlation
The correlation between SHCDX and SPY is 0.22, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
SHCDX vs. SPY - Performance Comparison
In the year-to-date period, SHCDX achieves a 8.20% return, which is significantly lower than SPY's 27.04% return. Over the past 10 years, SHCDX has underperformed SPY with an annualized return of 4.02%, while SPY has yielded a comparatively higher 13.36% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SHCDX vs. SPY - Expense Ratio Comparison
SHCDX has a 1.02% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
SHCDX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Stone Harbor Emerg Mkts Corp Dbt (SHCDX) and SPDR S&P 500 ETF (SPY). 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.
Dividends
SHCDX vs. SPY - Dividend Comparison
SHCDX's dividend yield for the trailing twelve months is around 5.93%, more than SPY's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHCDX Virtus Stone Harbor Emerg Mkts Corp Dbt | 5.93% | 5.73% | 5.52% | 4.65% | 5.28% | 4.72% | 6.08% | 4.10% | 5.44% | 5.04% | 4.81% | 5.41% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
SHCDX vs. SPY - Drawdown Comparison
The maximum SHCDX drawdown since its inception was -26.24%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SHCDX and SPY. For additional features, visit the drawdowns tool.
Volatility
SHCDX vs. SPY - Volatility Comparison
The current volatility for Virtus Stone Harbor Emerg Mkts Corp Dbt (SHCDX) is 0.78%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.95%. This indicates that SHCDX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.