SHMDX vs. NUKZ

Last updated Aug 1, 2026

SHMDX (Virtus Stone Harbor Emerging Mkts Debt) and NUKZ (Range Nuclear Renaissance ETF) are both funds - SHMDX is a Emerging Markets Bonds fund managed by Stone Harbor, while NUKZ is a Energy Equities fund tracking the Range Nuclear Renaissance Index. Over the past year, SHMDX returned 10.85% vs 9.75% for NUKZ. Their 0.29 correlation means their historical movements had little consistent relationship. SHMDX charges 0.73%/yr vs 0.85%/yr for NUKZ.

Performance

SHMDX vs. NUKZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus Stone Harbor Emerging Mkts Debt (SHMDX) and Range Nuclear Renaissance ETF (NUKZ). 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 NUKZ's 0.28% 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%

NUKZ

• 1D: -0.20%
• 1M: -4.27%
• 6M: -8.28%
• YTD: 0.28%
• 1Y: 9.75%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 44.25%

*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)
NUKZ Range Nuclear Renaissance ETF	$6.06M	$6.01M	$8.30M
SHMDX Virtus Stone Harbor Emerging Mkts Debt	$0.00	$0.00	$0.00

SHMDX vs. NUKZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SHMDX Virtus Stone Harbor Emerging Mkts Debt	3.05%	15.13%	10.95%
NUKZ Range Nuclear Renaissance ETF	0.28%	56.57%	60.11%

Correlation

The correlation between SHMDX and NUKZ is 0.40, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.40
Correlation (All Time) Calculated using the full available price history since Jan 24, 2024	0.29

The correlation between SHMDX and NUKZ shifts across timeframes, from 0.29 (all time) to 0.40 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

SHMDX vs. NUKZ — 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

NUKZ

NUKZ Risk / Return Rank: 16
NUKZ Sharpe Ratio Rank: 16
NUKZ Sortino Ratio Rank: 17
NUKZ Omega Ratio Rank: 16
NUKZ Calmar Ratio Rank: 17
NUKZ Martin Ratio Rank: 16

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. NUKZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus Stone Harbor Emerging Mkts Debt (SHMDX) and Range Nuclear Renaissance ETF (NUKZ). 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	NUKZ	Difference
Sharpe ratio: Return per unit of total volatility	2.30	0.22	+2.08
Sortino ratio: Return per unit of downside risk	3.73	0.53	+3.20
Omega ratio: Gain probability vs. loss probability	1.47	1.06	+0.41
Calmar ratio: Return relative to maximum drawdown	2.52	0.33	+2.18
Martin ratio: Return relative to average drawdown	10.58	0.80	+9.78

SHMDX vs. NUKZ - Sharpe Ratio Comparison

The current SHMDX Sharpe Ratio is 2.30, which is higher than the NUKZ Sharpe Ratio of 0.22. The chart below compares the historical Sharpe Ratios of SHMDX and NUKZ, 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. NUKZ - Drawdown Comparison

The maximum SHMDX drawdown since its inception was -35.83%, which is greater than NUKZ's maximum drawdown of -33.03%. Use the drawdown chart below to compare losses from any high point for SHMDX and NUKZ.

Drawdown Indicators

	SHMDX	NUKZ	Difference
Max Drawdown Largest peak-to-trough decline	-35.83%	-33.03%	-2.80%
Max Drawdown (1Y) Largest decline over 1 year	-4.33%	-20.29%	+15.96%
Max Drawdown (3Y) Largest decline over 3 years	-5.43%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-31.98%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-31.98%	—	—
Current Drawdown Current decline from peak	-1.83%	-16.46%	+14.63%
Average Drawdown Average peak-to-trough decline	-5.90%	-6.44%	+0.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.03%	8.42%	-7.39%

Volatility

SHMDX vs. NUKZ - Volatility Comparison

The current volatility for Virtus Stone Harbor Emerging Mkts Debt (SHMDX) is 1.16%, while Range Nuclear Renaissance ETF (NUKZ) has a volatility of 9.21%. This indicates that SHMDX experiences smaller price fluctuations and is considered to be less risky than NUKZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SHMDX	NUKZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.16%	9.21%	-8.05%
Volatility (6M) Calculated over the trailing 6-month period	3.97%	23.79%	-19.82%
Volatility (1Y) Calculated over the trailing 1-year period	4.74%	31.03%	-26.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.97%	32.74%	-25.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.59%	32.74%	-25.15%

SHMDX vs. NUKZ - Expense Ratio Comparison

SHMDX has a 0.73% expense ratio, which is lower than NUKZ's 0.85% expense ratio.

Dividends

SHMDX vs. NUKZ - Dividend Comparison

SHMDX's dividend yield for the trailing twelve months is around 5.92%, more than NUKZ's 0.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NUKZ Range Nuclear Renaissance ETF	0.91%	0.91%	0.09%	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 NUKZ in my portfolio?

SHMDX and NUKZ have a correlation of 0.40, 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 NUKZ?

NUKZ has higher volatility (9.21%) compared to SHMDX (1.16%). In terms of maximum drawdown, SHMDX dropped -35.83% vs NUKZ's -33.03%.

Which has better risk-adjusted returns?

SHMDX currently has the higher Sharpe Ratio (2.30 vs 0.22), 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.