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.
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.
Performance
SHCDX vs. SPY - Performance Comparison
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Key characteristics
SHCDX:
1.88
SPY:
0.70
SHCDX:
2.31
SPY:
1.02
SHCDX:
1.46
SPY:
1.15
SHCDX:
1.65
SPY:
0.68
SHCDX:
7.17
SPY:
2.57
SHCDX:
0.89%
SPY:
4.93%
SHCDX:
3.48%
SPY:
20.42%
SHCDX:
-26.24%
SPY:
-55.19%
SHCDX:
-0.82%
SPY:
-3.55%
Returns By Period
In the year-to-date period, SHCDX achieves a 2.13% return, which is significantly higher than SPY's 0.87% return. Over the past 10 years, SHCDX has underperformed SPY with an annualized return of 3.97%, while SPY has yielded a comparatively higher 12.73% annualized return.
SHCDX
2.13%
0.91%
1.40%
6.37%
6.06%
5.00%
3.97%
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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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 Rank
SHCDX
SPY
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.
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Dividends
SHCDX vs. SPY - Dividend Comparison
SHCDX's dividend yield for the trailing twelve months is around 6.26%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHCDX Virtus Stone Harbor Emerg Mkts Corp Dbt | 6.26% | 6.33% | 5.73% | 5.52% | 4.65% | 5.28% | 4.72% | 6.08% | 4.10% | 5.44% | 5.04% | 4.81% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
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.
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Volatility
SHCDX vs. SPY - Volatility Comparison
The current volatility for Virtus Stone Harbor Emerg Mkts Corp Dbt (SHCDX) is 0.94%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.86%. 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.
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