VEMY vs. O
VEMY (Virtus Stone Harbor Emerging Markets High Yield Bond ETF) is Emerging Markets Bonds fund actively managed by Virtus, while O (Realty Income Corporation) is a stock. Over the past 3 years, VEMY returned 15.11%/yr vs 5.05%/yr for O. At a 0.24 correlation, their price movements are largely independent.
Performance
VEMY vs. O - Performance Comparison
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Returns By Period
In the year-to-date period, VEMY achieves a 6.70% return, which is significantly lower than O's 9.20% return.
VEMY
- 1D
- 0.28%
- 1M
- 2.19%
- YTD
- 6.70%
- 6M
- 6.88%
- 1Y
- 18.55%
- 3Y*
- 15.11%
- 5Y*
- —
- 10Y*
- —
O
- 1D
- -0.54%
- 1M
- -2.79%
- YTD
- 9.20%
- 6M
- 9.80%
- 1Y
- 10.46%
- 3Y*
- 5.05%
- 5Y*
- 3.72%
- 10Y*
- 4.56%
VEMY vs. O - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
VEMY Virtus Stone Harbor Emerging Markets High Yield Bond ETF | 6.70% | 15.27% | 13.48% | 14.45% | -1.43% |
O Realty Income Corporation | 9.20% | 12.20% | -2.11% | -4.55% | -1.54% |
Correlation
The correlation between VEMY and O is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2022 | 0.24 |
The correlation between VEMY and O shifts across timeframes, from 0.12 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VEMY vs. O — Risk / Return Rank
VEMY
O
VEMY vs. O - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Stone Harbor Emerging Markets High Yield Bond ETF (VEMY) and Realty Income Corporation (O). 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.
| VEMY | O | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.43 | ||
| Sortino ratioReturn per unit of downside risk | +3.78 | ||
| Omega ratioGain probability vs. loss probability | 1.63 | 1.12 | +0.51 |
| Calmar ratioReturn relative to maximum drawdown | 4.65 | 0.95 | +3.71 |
| Martin ratioReturn relative to average drawdown | 22.07 | 2.23 | +19.84 |
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Drawdowns
VEMY vs. O - Drawdown Comparison
The maximum VEMY drawdown since its inception was -8.77%, smaller than the maximum O drawdown of -48.45%. Use the drawdown chart below to compare losses from any high point for VEMY and O.
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Drawdown Indicators
| VEMY | O | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.77% | -48.45% | +39.68% |
Max Drawdown (1Y)Largest decline over 1 year | -4.00% | -11.10% | +7.10% |
Max Drawdown (3Y)Largest decline over 3 years | -6.57% | -26.49% | +19.92% |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.48% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.28% | — |
Current DrawdownCurrent decline from peak | -0.09% | -9.66% | +9.57% |
Average DrawdownAverage peak-to-trough decline | -1.30% | -9.20% | +7.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.84% | 4.70% | -3.86% |
Volatility
VEMY vs. O - Volatility Comparison
The current volatility for Virtus Stone Harbor Emerging Markets High Yield Bond ETF (VEMY) is 1.45%, while Realty Income Corporation (O) has a volatility of 5.70%. This indicates that VEMY experiences smaller price fluctuations and is considered to be less risky than O based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VEMY | O | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.45% | 5.70% | -4.25% |
Volatility (6M)Calculated over the trailing 6-month period | 4.73% | 12.21% | -7.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.08% | 16.44% | -10.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.61% | 18.92% | -11.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.61% | 25.65% | -18.04% |
Dividends
VEMY vs. O - Dividend Comparison
VEMY's dividend yield for the trailing twelve months is around 8.31%, more than O's 5.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
O Realty Income Corporation | 5.37% | 6.19% | 5.37% | 5.33% | 4.68% | 3.87% | 4.51% | 3.69% | 4.19% | 4.45% | 4.18% | 4.41% |
VEMY Virtus Stone Harbor Emerging Markets High Yield Bond ETF | 8.31% | 8.89% | 10.28% | 9.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VEMY and O have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
O has higher volatility (5.70%) compared to VEMY (1.45%). In terms of maximum drawdown, VEMY dropped -8.77% vs O's -48.45%.
VEMY currently has the higher Sharpe Ratio (3.07 vs 0.64), 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.
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