SHMDX vs. SEDAX
Compare and contrast key facts about Virtus Stone Harbor Emerging Mkts Debt (SHMDX) and SEI Institutional Investments Trust Emerging Markets Debt Fund (SEDAX).
SHMDX is managed by Stone Harbor. It was launched on Aug 15, 2007. SEDAX is managed by SEI. It was launched on Dec 4, 2005.
Performance
SHMDX vs. SEDAX - Performance Comparison
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SHMDX vs. SEDAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHMDX Virtus Stone Harbor Emerging Mkts Debt | -1.45% | 15.13% | 8.90% | 14.81% | -19.74% | -2.52% | 7.06% | 15.20% | -7.86% | 11.58% |
SEDAX SEI Institutional Investments Trust Emerging Markets Debt Fund | -1.41% | 20.33% | 3.13% | 12.86% | -14.53% | -4.93% | 4.68% | 15.55% | -8.11% | 15.32% |
Returns By Period
The year-to-date returns for both investments are quite close, with SHMDX having a -1.45% return and SEDAX slightly higher at -1.41%. Over the past 10 years, SHMDX has outperformed SEDAX with an annualized return of 4.16%, while SEDAX has yielded a comparatively lower 3.95% annualized return.
SHMDX
- 1D
- -0.26%
- 1M
- -4.10%
- YTD
- -1.45%
- 6M
- 2.22%
- 1Y
- 11.00%
- 3Y*
- 11.48%
- 5Y*
- 3.11%
- 10Y*
- 4.16%
SEDAX
- 1D
- -0.44%
- 1M
- -5.30%
- YTD
- -1.41%
- 6M
- 2.79%
- 1Y
- 14.75%
- 3Y*
- 10.00%
- 5Y*
- 3.52%
- 10Y*
- 3.95%
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SHMDX vs. SEDAX - Expense Ratio Comparison
SHMDX has a 0.73% expense ratio, which is higher than SEDAX's 0.41% expense ratio.
Return for Risk
SHMDX vs. SEDAX — Risk / Return Rank
SHMDX
SEDAX
SHMDX vs. SEDAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Stone Harbor Emerging Mkts Debt (SHMDX) and SEI Institutional Investments Trust Emerging Markets Debt Fund (SEDAX). 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.
| SHMDX | SEDAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.08 | 2.66 | -0.57 |
Sortino ratioReturn per unit of downside risk | 2.90 | 3.72 | -0.82 |
Omega ratioGain probability vs. loss probability | 1.45 | 1.57 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 2.33 | 2.66 | -0.33 |
Martin ratioReturn relative to average drawdown | 10.03 | 12.37 | -2.34 |
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
| SHMDX | SEDAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.08 | 2.66 | -0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.51 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.47 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.39 | +0.11 |
Correlation
The correlation between SHMDX and SEDAX is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
SHMDX vs. SEDAX - Dividend Comparison
SHMDX's dividend yield for the trailing twelve months is around 6.34%, less than SEDAX's 7.41% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHMDX Virtus Stone Harbor Emerging Mkts Debt | 6.34% | 6.21% | 6.73% | 8.10% | 10.70% | 4.78% | 5.24% | 5.51% | 6.80% | 6.12% | 6.72% | 6.65% |
SEDAX SEI Institutional Investments Trust Emerging Markets Debt Fund | 7.41% | 7.30% | 7.24% | 4.65% | 2.08% | 4.69% | 1.52% | 3.75% | 3.17% | 4.70% | 3.59% | 1.00% |
Drawdowns
SHMDX vs. SEDAX - Drawdown Comparison
The maximum SHMDX drawdown since its inception was -35.83%, roughly equal to the maximum SEDAX drawdown of -37.03%. Use the drawdown chart below to compare losses from any high point for SHMDX and SEDAX.
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Drawdown Indicators
| SHMDX | SEDAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.83% | -37.03% | +1.20% |
Max Drawdown (1Y)Largest decline over 1 year | -4.72% | -5.49% | +0.77% |
Max Drawdown (5Y)Largest decline over 5 years | -31.98% | -27.01% | -4.97% |
Max Drawdown (10Y)Largest decline over 10 years | -31.98% | -27.25% | -4.73% |
Current DrawdownCurrent decline from peak | -4.33% | -5.49% | +1.16% |
Average DrawdownAverage peak-to-trough decline | -5.99% | -6.83% | +0.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.10% | 1.18% | -0.08% |
Volatility
SHMDX vs. SEDAX - Volatility Comparison
The current volatility for Virtus Stone Harbor Emerging Mkts Debt (SHMDX) is 2.03%, while SEI Institutional Investments Trust Emerging Markets Debt Fund (SEDAX) has a volatility of 2.94%. This indicates that SHMDX experiences smaller price fluctuations and is considered to be less risky than SEDAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHMDX | SEDAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.03% | 2.94% | -0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 3.10% | 3.96% | -0.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.24% | 5.59% | -0.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.87% | 6.90% | -0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.57% | 8.41% | -0.84% |