SHLMX vs. EDF
Compare and contrast key facts about Virtus Stone Harbor Local Markets (SHLMX) and Virtus Stone Harbor Emerging Markets Income Fund (EDF).
SHLMX is managed by Stone Harbor. It was launched on Jun 29, 2010. EDF is an actively managed fund by Virtus. It was launched on Dec 23, 2010.
Performance
SHLMX vs. EDF - Performance Comparison
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SHLMX vs. EDF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHLMX Virtus Stone Harbor Local Markets | -2.57% | 19.32% | -5.84% | 12.02% | -11.67% | -8.23% | 1.87% | 13.08% | -9.29% | 15.36% |
EDF Virtus Stone Harbor Emerging Markets Income Fund | 2.58% | 22.24% | 25.54% | 21.63% | -27.96% | -8.47% | -31.14% | 45.06% | -18.24% | 24.22% |
Returns By Period
In the year-to-date period, SHLMX achieves a -2.57% return, which is significantly lower than EDF's 2.58% return. Over the past 10 years, SHLMX has underperformed EDF with an annualized return of 1.66%, while EDF has yielded a comparatively higher 5.06% annualized return.
SHLMX
- 1D
- 0.60%
- 1M
- -4.80%
- YTD
- -2.57%
- 6M
- 0.48%
- 1Y
- 11.18%
- 3Y*
- 5.82%
- 5Y*
- 1.28%
- 10Y*
- 1.66%
EDF
- 1D
- 2.93%
- 1M
- -0.94%
- YTD
- 2.58%
- 6M
- 4.70%
- 1Y
- 14.34%
- 3Y*
- 18.86%
- 5Y*
- 2.85%
- 10Y*
- 5.06%
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SHLMX vs. EDF - Expense Ratio Comparison
SHLMX has a 1.01% expense ratio, which is lower than EDF's 1.45% expense ratio.
Return for Risk
SHLMX vs. EDF — Risk / Return Rank
SHLMX
EDF
SHLMX vs. EDF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Stone Harbor Local Markets (SHLMX) and Virtus Stone Harbor Emerging Markets Income Fund (EDF). 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.
| SHLMX | EDF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.84 | 0.80 | +1.05 |
Sortino ratioReturn per unit of downside risk | 2.51 | 1.11 | +1.40 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.16 | +0.19 |
Calmar ratioReturn relative to maximum drawdown | 1.74 | 0.88 | +0.87 |
Martin ratioReturn relative to average drawdown | 7.68 | 3.89 | +3.79 |
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
| SHLMX | EDF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.84 | 0.80 | +1.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | 0.11 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.18 | 0.17 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.01 | 0.10 | -0.11 |
Correlation
The correlation between SHLMX and EDF is 0.34, 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
SHLMX vs. EDF - Dividend Comparison
SHLMX's dividend yield for the trailing twelve months is around 10.42%, less than EDF's 14.63% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHLMX Virtus Stone Harbor Local Markets | 10.42% | 10.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.11% | 1.99% | 1.04% | 0.00% | 0.00% |
EDF Virtus Stone Harbor Emerging Markets Income Fund | 14.63% | 14.49% | 15.32% | 16.71% | 17.31% | 12.91% | 16.46% | 15.67% | 19.37% | 13.58% | 14.75% | 17.93% |
Drawdowns
SHLMX vs. EDF - Drawdown Comparison
The maximum SHLMX drawdown since its inception was -37.35%, smaller than the maximum EDF drawdown of -64.23%. Use the drawdown chart below to compare losses from any high point for SHLMX and EDF.
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Drawdown Indicators
| SHLMX | EDF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.35% | -64.23% | +26.88% |
Max Drawdown (1Y)Largest decline over 1 year | -6.65% | -13.91% | +7.26% |
Max Drawdown (5Y)Largest decline over 5 years | -25.22% | -53.09% | +27.87% |
Max Drawdown (10Y)Largest decline over 10 years | -26.60% | -64.23% | +37.63% |
Current DrawdownCurrent decline from peak | -14.07% | -15.87% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -18.58% | -21.61% | +3.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.51% | 3.20% | -1.69% |
Volatility
SHLMX vs. EDF - Volatility Comparison
The current volatility for Virtus Stone Harbor Local Markets (SHLMX) is 3.45%, while Virtus Stone Harbor Emerging Markets Income Fund (EDF) has a volatility of 6.38%. This indicates that SHLMX experiences smaller price fluctuations and is considered to be less risky than EDF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHLMX | EDF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.45% | 6.38% | -2.93% |
Volatility (6M)Calculated over the trailing 6-month period | 4.64% | 10.45% | -5.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.16% | 18.19% | -12.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.92% | 25.88% | -17.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.99% | 30.66% | -21.67% |