SHMDX vs. META

Last updated Aug 1, 2026

SHMDX (Virtus Stone Harbor Emerging Mkts Debt) is Emerging Markets Bonds fund managed by Stone Harbor, while META (Meta Platforms, Inc.) is a stock. Over the past 10 years, SHMDX returned 3.80%/yr vs 16.39%/yr for META. Their 0.19 correlation means their historical movements had little consistent relationship.

Performance

SHMDX vs. META - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus Stone Harbor Emerging Mkts Debt (SHMDX) and Meta Platforms, Inc. (META). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SHMDX achieves a 3.05% return, which is significantly higher than META's -15.51% return. Over the past 10 years, SHMDX has underperformed META with an annualized return of 3.80%, while META has yielded a comparatively higher 16.39% annualized return.

SHMDX

• 1D: -0.25%
• 1M: -1.29%
• 6M: 1.65%
• YTD: 3.05%
• 1Y: 10.85%
• 3Y*: 11.31%
• 5Y*: 3.10%
• 10Y*: 3.80%
• ALL TIME*: 4.06%

META

• 1D: 3.28%
• 1M: -4.49%
• 6M: -22.16%
• YTD: -15.51%
• 1Y: -25.53%
• 3Y*: 20.28%
• 5Y*: 9.53%
• 10Y*: 16.39%
• ALL TIME*: 20.02%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
META Meta Platforms, Inc.	$9.87B	$11.79B	$10.93B
SHMDX Virtus Stone Harbor Emerging Mkts Debt	$0.00	$0.00	$0.00

SHMDX vs. META - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SHMDX Virtus Stone Harbor Emerging Mkts Debt	3.05%	15.13%	8.90%	14.81%	-19.74%	-2.52%	7.06%	15.20%	-7.86%	11.58%
META Meta Platforms, Inc.	-15.51%	13.09%	66.05%	194.13%	-64.22%	23.13%	33.09%	56.57%	-25.71%	53.38%

Correlation

The correlation between SHMDX and META is 0.33, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.33
Correlation (3Y) Balances recent behavior with more history.	0.21
Correlation (5Y) Shows whether the relationship held over a longer period.	0.25
Correlation (10Y) Provides a long-term view across more market conditions.	0.22
Correlation (All Time) Calculated using the full available price history since May 18, 2012	0.19

The correlation between SHMDX and META shifts across timeframes, from 0.19 (all time) to 0.33 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

SHMDX vs. META — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SHMDX

SHMDX Risk / Return Rank: 86
SHMDX Sharpe Ratio Rank: 90
SHMDX Sortino Ratio Rank: 93
SHMDX Omega Ratio Rank: 89
SHMDX Calmar Ratio Rank: 76
SHMDX Martin Ratio Rank: 83

META

META Risk / Return Rank: 11
META Sharpe Ratio Rank: 12
META Sortino Ratio Rank: 14
META Omega Ratio Rank: 14
META Calmar Ratio Rank: 11
META Martin Ratio Rank: 5

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SHMDX vs. META - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus Stone Harbor Emerging Mkts Debt (SHMDX) and Meta Platforms, Inc. (META). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	SHMDX	META	Difference
Sharpe ratio: Return per unit of total volatility	2.30	-0.73	+3.03
Sortino ratio: Return per unit of downside risk	3.73	-0.91	+4.64
Omega ratio: Gain probability vs. loss probability	1.47	0.89	+0.59
Calmar ratio: Return relative to maximum drawdown	2.52	-0.84	+3.35
Martin ratio: Return relative to average drawdown	10.58	-1.52	+12.10

SHMDX vs. META - Sharpe Ratio Comparison

The current SHMDX Sharpe Ratio is 2.30, which is higher than the META Sharpe Ratio of -0.73. The chart below compares the historical Sharpe Ratios of SHMDX and META, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SHMDX vs. META - Drawdown Comparison

The maximum SHMDX drawdown since its inception was -35.83%, smaller than the maximum META drawdown of -76.74%. Use the drawdown chart below to compare losses from any high point for SHMDX and META.

Drawdown Indicators

	SHMDX	META	Difference
Max Drawdown Largest peak-to-trough decline	-35.83%	-76.74%	+40.91%
Max Drawdown (1Y) Largest decline over 1 year	-4.33%	-33.30%	+28.97%
Max Drawdown (3Y) Largest decline over 3 years	-5.43%	-34.15%	+28.72%
Max Drawdown (5Y) Largest decline over 5 years	-31.98%	-76.74%	+44.76%
Max Drawdown (10Y) Largest decline over 10 years	-31.98%	-76.74%	+44.76%
Current Drawdown Current decline from peak	-1.83%	-29.30%	+27.47%
Average Drawdown Average peak-to-trough decline	-5.90%	-15.90%	+10.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.03%	18.25%	-17.22%

Volatility

SHMDX vs. META - Volatility Comparison

The current volatility for Virtus Stone Harbor Emerging Mkts Debt (SHMDX) is 1.16%, while Meta Platforms, Inc. (META) has a volatility of 15.37%. This indicates that SHMDX experiences smaller price fluctuations and is considered to be less risky than META based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SHMDX	META	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.16%	15.37%	-14.21%
Volatility (6M) Calculated over the trailing 6-month period	3.97%	30.29%	-26.32%
Volatility (1Y) Calculated over the trailing 1-year period	4.74%	39.78%	-35.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.97%	44.68%	-37.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.59%	39.10%	-31.51%

Dividends

SHMDX vs. META - Dividend Comparison

SHMDX's dividend yield for the trailing twelve months is around 5.92%, more than META's 0.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
META Meta Platforms, Inc.	0.38%	0.32%	0.34%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SHMDX Virtus Stone Harbor Emerging Mkts Debt	5.92%	6.21%	6.73%	8.10%	10.70%	4.78%	5.24%	5.51%	6.80%	6.12%	6.72%	6.65%

Frequently Asked Questions

Can I hold both SHMDX and META in my portfolio?

SHMDX and META have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SHMDX or META?

META has higher volatility (15.37%) compared to SHMDX (1.16%). In terms of maximum drawdown, SHMDX dropped -35.83% vs META's -76.74%.

Which has better risk-adjusted returns?

SHMDX currently has the higher Sharpe Ratio (2.30 vs -0.73), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.