SHLMX vs. SHMDX
Compare and contrast key facts about Virtus Stone Harbor Local Markets (SHLMX) and Virtus Stone Harbor Emerging Mkts Debt (SHMDX).
SHLMX is managed by Stone Harbor. It was launched on Jun 29, 2010. SHMDX is managed by Stone Harbor. It was launched on Aug 15, 2007.
Performance
SHLMX vs. SHMDX - Performance Comparison
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SHLMX vs. SHMDX - 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% |
SHMDX Virtus Stone Harbor Emerging Mkts Debt | -0.93% | 15.13% | 8.90% | 14.81% | -19.74% | -2.52% | 7.06% | 15.20% | -7.86% | 11.58% |
Returns By Period
In the year-to-date period, SHLMX achieves a -2.57% return, which is significantly lower than SHMDX's -0.93% return. Over the past 10 years, SHLMX has underperformed SHMDX with an annualized return of 1.66%, while SHMDX has yielded a comparatively higher 4.22% 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%
SHMDX
- 1D
- 0.52%
- 1M
- -3.12%
- YTD
- -0.93%
- 6M
- 2.75%
- 1Y
- 11.12%
- 3Y*
- 11.67%
- 5Y*
- 3.13%
- 10Y*
- 4.22%
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SHLMX vs. SHMDX - Expense Ratio Comparison
SHLMX has a 1.01% expense ratio, which is higher than SHMDX's 0.73% expense ratio.
Return for Risk
SHLMX vs. SHMDX — Risk / Return Rank
SHLMX
SHMDX
SHLMX vs. SHMDX - 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 Mkts Debt (SHMDX). 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 | SHMDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.84 | 2.21 | -0.37 |
Sortino ratioReturn per unit of downside risk | 2.51 | 3.08 | -0.58 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.48 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.74 | 2.42 | -0.68 |
Martin ratioReturn relative to average drawdown | 7.68 | 10.17 | -2.50 |
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 | SHMDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.84 | 2.21 | -0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | 0.46 | -0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.18 | 0.56 | -0.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.01 | 0.50 | -0.51 |
Correlation
The correlation between SHLMX and SHMDX is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
SHLMX vs. SHMDX - Dividend Comparison
SHLMX's dividend yield for the trailing twelve months is around 10.42%, more than SHMDX's 6.31% 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% |
SHMDX Virtus Stone Harbor Emerging Mkts Debt | 6.31% | 6.21% | 6.73% | 8.10% | 10.70% | 4.78% | 5.24% | 5.51% | 6.80% | 6.12% | 6.72% | 6.65% |
Drawdowns
SHLMX vs. SHMDX - Drawdown Comparison
The maximum SHLMX drawdown since its inception was -37.35%, roughly equal to the maximum SHMDX drawdown of -35.83%. Use the drawdown chart below to compare losses from any high point for SHLMX and SHMDX.
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Drawdown Indicators
| SHLMX | SHMDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.35% | -35.83% | -1.52% |
Max Drawdown (1Y)Largest decline over 1 year | -6.65% | -4.59% | -2.06% |
Max Drawdown (5Y)Largest decline over 5 years | -25.22% | -31.98% | +6.76% |
Max Drawdown (10Y)Largest decline over 10 years | -26.60% | -31.98% | +5.38% |
Current DrawdownCurrent decline from peak | -14.07% | -3.83% | -10.24% |
Average DrawdownAverage peak-to-trough decline | -18.58% | -5.99% | -12.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.51% | 1.12% | +0.39% |
Volatility
SHLMX vs. SHMDX - Volatility Comparison
Virtus Stone Harbor Local Markets (SHLMX) has a higher volatility of 3.45% compared to Virtus Stone Harbor Emerging Mkts Debt (SHMDX) at 2.13%. This indicates that SHLMX's price experiences larger fluctuations and is considered to be riskier than SHMDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHLMX | SHMDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.45% | 2.13% | +1.32% |
Volatility (6M)Calculated over the trailing 6-month period | 4.64% | 3.13% | +1.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.16% | 5.25% | +0.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.92% | 6.87% | +1.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.99% | 7.58% | +1.41% |