SHMDX vs. SHCDX
Compare and contrast key facts about Virtus Stone Harbor Emerging Mkts Debt (SHMDX) and Virtus Stone Harbor Emerg Mkts Corp Dbt (SHCDX).
SHMDX is managed by Stone Harbor. It was launched on Aug 15, 2007. SHCDX is managed by Stone Harbor. It was launched on May 31, 2011.
Performance
SHMDX vs. SHCDX - Performance Comparison
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SHMDX vs. SHCDX - 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% |
SHCDX Virtus Stone Harbor Emerg Mkts Corp Dbt | -0.10% | 8.81% | 7.58% | 9.70% | -11.76% | 1.95% | 7.77% | 13.94% | -3.90% | 9.29% |
Returns By Period
In the year-to-date period, SHMDX achieves a -1.45% return, which is significantly lower than SHCDX's -0.10% return. Over the past 10 years, SHMDX has underperformed SHCDX with an annualized return of 4.16%, while SHCDX has yielded a comparatively higher 4.59% 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%
SHCDX
- 1D
- 0.00%
- 1M
- -1.90%
- YTD
- -0.10%
- 6M
- 1.15%
- 1Y
- 5.94%
- 3Y*
- 7.92%
- 5Y*
- 3.13%
- 10Y*
- 4.59%
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SHMDX vs. SHCDX - Expense Ratio Comparison
SHMDX has a 0.73% expense ratio, which is lower than SHCDX's 1.02% expense ratio.
Return for Risk
SHMDX vs. SHCDX — Risk / Return Rank
SHMDX
SHCDX
SHMDX vs. SHCDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Stone Harbor Emerging Mkts Debt (SHMDX) and Virtus Stone Harbor Emerg Mkts Corp Dbt (SHCDX). 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 | SHCDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.08 | 1.78 | +0.30 |
Sortino ratioReturn per unit of downside risk | 2.90 | 2.19 | +0.71 |
Omega ratioGain probability vs. loss probability | 1.45 | 1.51 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 2.33 | 1.68 | +0.66 |
Martin ratioReturn relative to average drawdown | 10.03 | 7.75 | +2.28 |
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 | SHCDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.08 | 1.78 | +0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.82 | -0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.93 | -0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 1.05 | -0.55 |
Correlation
The correlation between SHMDX and SHCDX is 0.72, 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. SHCDX - Dividend Comparison
SHMDX's dividend yield for the trailing twelve months is around 6.34%, more than SHCDX's 6.20% 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% |
SHCDX Virtus Stone Harbor Emerg Mkts Corp Dbt | 6.20% | 6.00% | 6.33% | 5.72% | 5.52% | 4.65% | 5.28% | 4.72% | 6.08% | 4.10% | 5.44% | 5.04% |
Drawdowns
SHMDX vs. SHCDX - Drawdown Comparison
The maximum SHMDX drawdown since its inception was -35.83%, which is greater than SHCDX's maximum drawdown of -26.24%. Use the drawdown chart below to compare losses from any high point for SHMDX and SHCDX.
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Drawdown Indicators
| SHMDX | SHCDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.83% | -26.24% | -9.59% |
Max Drawdown (1Y)Largest decline over 1 year | -4.72% | -3.63% | -1.09% |
Max Drawdown (5Y)Largest decline over 5 years | -31.98% | -21.81% | -10.17% |
Max Drawdown (10Y)Largest decline over 10 years | -31.98% | -26.24% | -5.74% |
Current DrawdownCurrent decline from peak | -4.33% | -1.90% | -2.43% |
Average DrawdownAverage peak-to-trough decline | -5.99% | -3.15% | -2.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.10% | 0.78% | +0.32% |
Volatility
SHMDX vs. SHCDX - Volatility Comparison
Virtus Stone Harbor Emerging Mkts Debt (SHMDX) has a higher volatility of 2.03% compared to Virtus Stone Harbor Emerg Mkts Corp Dbt (SHCDX) at 0.92%. This indicates that SHMDX's price experiences larger fluctuations and is considered to be riskier than SHCDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHMDX | SHCDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.03% | 0.92% | +1.11% |
Volatility (6M)Calculated over the trailing 6-month period | 3.10% | 1.40% | +1.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.24% | 3.28% | +1.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.87% | 3.84% | +3.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.57% | 4.95% | +2.62% |