SHRMX Performance — Stone Ridge High Yield Reinsurance Risk Premium Fund, Class M
Data updated: 2026-09-29
SHRMX returned +5.22% year to date and +13.51% over one year to Jul 2026. Annualised returns are +14.32% over 3 years and +10.05% over 5 years. The fund beat its International High Yield Bond category average: $100 invested three years ago grew to $149, against $135 for the category, and to $114 over one year, against $108. Volatility over the past three years was 2.48% a year. In the 12 months to Jul 2026 the fund took in a net $1.1B, and assets reached $4.74B.
SHRMX Growth of $100
What $100 invested in Stone Ridge High Yield Reinsurance Risk Premium Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the International High Yield Bond category average over the same months.
| Period | SHRMX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $114 | $108 |
| 3 years (Aug 2023 – Jul 2026) | $149 | $135 |
| 5 years (Aug 2021 – Jul 2026) | $161 | $131 |
| Since data start (Aug 2019 – Jul 2026) | $179 | $149 |
SHRMX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +5.22% |
| 1 year | +13.51% |
| 3 years (annualised) | +14.32% |
| 5 years (annualised) | +10.05% |
SHRMX Annual Returns
Calendar-year total returns of Stone Ridge High Yield Reinsurance Risk Premium Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +5.22% |
| 2025 | +12.91% |
| 2024 | +16.56% |
| 2023 | +21.11% |
| 2022 | −3.58% |
| 2021 | +1.72% |
| 2020 | +6.70% |
| 2019 (Aug–Dec) | +2.26% |
SHRMX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.8% | +0.6% | +0.5% | +0.7% | +0.7% | +0.9% | +1.0% | — | — | — | — | — |
| 2025 | −0.6% | +0.1% | +1.0% | +0.6% | +0.8% | +1.0% | +1.7% | +2.1% | +2.5% | +1.2% | +1.1% | +0.8% |
| 2024 | +1.6% | +1.5% | +0.9% | +0.8% | +0.2% | +0.8% | +1.7% | +2.7% | +1.9% | +0.3% | +1.6% | +1.4% |
| 2023 | +2.1% | +2.0% | +1.1% | +1.7% | +1.8% | +1.6% | +1.4% | +2.1% | +1.3% | +2.3% | +1.5% | +0.4% |
| 2022 | +0.3% | +0.3% | −0.1% | 0.0% | −0.2% | −0.3% | +0.7% | +1.1% | −11.9% | +3.7% | +2.7% | +0.8% |
| 2021 | +0.1% | −0.8% | +0.7% | +0.5% | +0.7% | +0.1% | +0.5% | −1.0% | +0.9% | −0.4% | +0.8% | −0.4% |
| 2020 | +0.8% | +0.4% | −1.7% | +0.4% | +0.3% | +1.0% | +1.2% | +0.8% | +2.4% | +0.3% | +0.2% | +0.3% |
| 2019 | — | — | — | — | — | — | — | −1.1% | +3.5% | +0.3% | −0.4% | 0.0% |
SHRMX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 2.48%
- 3-year Sharpe ratio: 3.96 (vs 4.5% risk-free rate)
- Best month: +2.74% (Aug 2024)
- Worst month: −0.56% (Jan 2025)
SHRMX Fund Flows
Monthly money in and out of Stone Ridge High Yield Reinsurance Risk Premium Fund, from SEC Form N-PORT.
- 12-month net flow: $1.1B
- 12-month gross sales (incl. reinvestments): $1.7B
- Sales ÷ redemptions: 2.65×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $140.0M | $54.6M | $85.4M |
| Jun 2026 | $176.6M | $40.4M | $136.2M |
| May 2026 | $127.3M | $45.2M | $82.2M |
| Apr 2026 | $136.3M | $42.9M | $93.5M |
| Mar 2026 | $169.1M | $50.0M | $119.1M |
| Feb 2026 | $132.5M | $35.4M | $97.1M |
| Jan 2026 | $150.1M | $69.5M | $80.6M |
| Dec 2025 | $267.0M | $135.2M | $131.8M |
| Nov 2025 | $95.1M | $42.2M | $52.9M |
| Oct 2025 | $95.2M | $40.3M | $54.9M |
| Sep 2025 | $121.3M | $33.2M | $88.2M |
| Aug 2025 | $131.8M | $69.9M | $61.8M |
SHRMX Assets Under Management
Net assets of Stone Ridge High Yield Reinsurance Risk Premium Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $4.74B |
| 2026-04-30 | $4.44B |
| 2026-01-31 | $4.13B |
| 2025-10-31 | $3.97B |
| 2025-07-31 | $3.66B |
| 2025-04-30 | $3.54B |
| 2025-01-31 | $3.48B |
| 2024-10-31 | $3.31B |
| 2024-07-31 | $3.08B |
| 2024-04-30 | $2.87B |
| 2024-01-31 | $2.54B |
| 2023-10-31 | $2.31B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.