SHCDX vs. SPY
Compare and contrast key facts about Virtus Stone Harbor Emerg Mkts Corp Dbt (SHCDX) and State Street 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.
Performance
SHCDX vs. SPY - Performance Comparison
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SHCDX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHCDX Virtus Stone Harbor Emerg Mkts Corp Dbt | -0.10% | 8.81% | 7.58% | 9.70% | -11.76% | 1.95% | 7.77% | 13.94% | -3.90% | 9.29% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, SHCDX achieves a -0.10% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, SHCDX has underperformed SPY with an annualized return of 4.59%, while SPY has yielded a comparatively higher 13.98% annualized return.
SHCDX
- 1D
- 0.00%
- 1M
- -1.90%
- YTD
- -0.10%
- 6M
- 1.15%
- 1Y
- 5.94%
- 3Y*
- 7.92%
- 5Y*
- 3.13%
- 10Y*
- 4.59%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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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.
Return for Risk
SHCDX vs. SPY — Risk / Return Rank
SHCDX
SPY
SHCDX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Stone Harbor Emerg Mkts Corp Dbt (SHCDX) and State Street 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.
| SHCDX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.78 | 0.93 | +0.86 |
Sortino ratioReturn per unit of downside risk | 2.19 | 1.45 | +0.73 |
Omega ratioGain probability vs. loss probability | 1.51 | 1.22 | +0.28 |
Calmar ratioReturn relative to maximum drawdown | 1.68 | 1.53 | +0.15 |
Martin ratioReturn relative to average drawdown | 7.75 | 7.30 | +0.45 |
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 | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.78 | 0.93 | +0.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | 0.69 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.93 | 0.78 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.05 | 0.56 | +0.49 |
Correlation
The correlation between SHCDX and SPY is 0.21, 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.
Dividends
SHCDX vs. SPY - Dividend Comparison
SHCDX's dividend yield for the trailing twelve months is around 6.20%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHCDX Virtus Stone Harbor Emerg Mkts Corp Dbt | 6.20% | 6.00% | 6.33% | 5.72% | 5.52% | 4.65% | 5.28% | 4.72% | 6.08% | 4.10% | 5.44% | 5.04% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
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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Drawdown Indicators
| SHCDX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.24% | -55.19% | +28.95% |
Max Drawdown (1Y)Largest decline over 1 year | -3.63% | -12.05% | +8.42% |
Max Drawdown (5Y)Largest decline over 5 years | -21.81% | -24.50% | +2.69% |
Max Drawdown (10Y)Largest decline over 10 years | -26.24% | -33.72% | +7.48% |
Current DrawdownCurrent decline from peak | -1.90% | -6.24% | +4.34% |
Average DrawdownAverage peak-to-trough decline | -3.15% | -9.09% | +5.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 2.52% | -1.74% |
Volatility
SHCDX vs. SPY - Volatility Comparison
The current volatility for Virtus Stone Harbor Emerg Mkts Corp Dbt (SHCDX) is 0.92%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. 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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Volatility by Period
| SHCDX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.92% | 5.31% | -4.39% |
Volatility (6M)Calculated over the trailing 6-month period | 1.40% | 9.47% | -8.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.28% | 19.05% | -15.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.84% | 17.06% | -13.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.95% | 17.92% | -12.97% |