Correlation
The correlation between SHMDX and SPLG is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
SHMDX vs. SPLG
Compare and contrast key facts about Virtus Stone Harbor Emerging Mkts Debt (SHMDX) and SPDR Portfolio S&P 500 ETF (SPLG).
SHMDX is managed by Stone Harbor. It was launched on Aug 15, 2007. SPLG is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Nov 15, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SHMDX or SPLG.
Performance
SHMDX vs. SPLG - Performance Comparison
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Key characteristics
SHMDX:
1.66
SPLG:
0.73
SHMDX:
2.30
SPLG:
1.04
SHMDX:
1.33
SPLG:
1.15
SHMDX:
0.97
SPLG:
0.68
SHMDX:
6.71
SPLG:
2.58
SHMDX:
1.29%
SPLG:
4.93%
SHMDX:
5.34%
SPLG:
19.61%
SHMDX:
-33.45%
SPLG:
-54.52%
SHMDX:
-0.59%
SPLG:
-3.53%
Returns By Period
In the year-to-date period, SHMDX achieves a 2.99% return, which is significantly higher than SPLG's 0.89% return. Over the past 10 years, SHMDX has underperformed SPLG with an annualized return of 3.37%, while SPLG has yielded a comparatively higher 12.72% annualized return.
SHMDX
2.99%
1.53%
1.86%
8.80%
7.64%
3.21%
3.37%
SPLG
0.89%
5.54%
-1.55%
13.29%
14.31%
15.91%
12.72%
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SHMDX vs. SPLG - Expense Ratio Comparison
SHMDX has a 0.73% expense ratio, which is higher than SPLG's 0.03% expense ratio.
Risk-Adjusted Performance
SHMDX vs. SPLG — Risk-Adjusted Performance Rank
SHMDX
SPLG
SHMDX vs. SPLG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Stone Harbor Emerging Mkts Debt (SHMDX) and SPDR Portfolio S&P 500 ETF (SPLG). 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.
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Dividends
SHMDX vs. SPLG - Dividend Comparison
SHMDX's dividend yield for the trailing twelve months is around 6.68%, more than SPLG's 1.29% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHMDX Virtus Stone Harbor Emerging Mkts Debt | 6.68% | 6.75% | 8.09% | 10.69% | 4.78% | 5.24% | 5.51% | 6.80% | 6.12% | 6.72% | 6.65% | 5.15% |
SPLG SPDR Portfolio S&P 500 ETF | 1.29% | 1.28% | 1.44% | 1.69% | 1.25% | 1.54% | 1.79% | 2.23% | 1.75% | 1.97% | 1.98% | 1.79% |
Drawdowns
SHMDX vs. SPLG - Drawdown Comparison
The maximum SHMDX drawdown since its inception was -33.45%, smaller than the maximum SPLG drawdown of -54.52%. Use the drawdown chart below to compare losses from any high point for SHMDX and SPLG.
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Volatility
SHMDX vs. SPLG - Volatility Comparison
The current volatility for Virtus Stone Harbor Emerging Mkts Debt (SHMDX) is 1.19%, while SPDR Portfolio S&P 500 ETF (SPLG) has a volatility of 4.80%. This indicates that SHMDX experiences smaller price fluctuations and is considered to be less risky than SPLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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