ALOIX vs. ARHBX

Last updated Aug 1, 2026

ALOIX (Virtus International Small-Cap Fund) and ARHBX (Artisan International Explorer Fund) are both Foreign Small & Mid Cap Equities funds. Over the past 3 years, ALOIX returned 17.80%/yr vs 19.00%/yr for ARHBX. Their 0.73 correlation means they have sometimes moved together and sometimes differently. ALOIX charges 1.04%/yr vs 1.35%/yr for ARHBX.

Performance

ALOIX vs. ARHBX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus International Small-Cap Fund (ALOIX) and Artisan International Explorer Fund (ARHBX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ALOIX achieves a 14.50% return, which is significantly lower than ARHBX's 24.77% return.

ALOIX

• 1D: 2.43%
• 1M: 0.54%
• 6M: 6.90%
• YTD: 14.50%
• 1Y: 32.78%
• 3Y*: 17.80%
• 5Y*: 6.36%
• 10Y*: 8.18%
• ALL TIME*: 6.89%

ARHBX

• 1D: 1.31%
• 1M: 3.70%
• 6M: 18.67%
• YTD: 24.77%
• 1Y: 27.98%
• 3Y*: 19.00%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.18%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ALOIX Virtus International Small-Cap Fund	$0.00	$0.00	$0.00
ARHBX Artisan International Explorer Fund	$0.00	$0.00	$0.00

ALOIX vs. ARHBX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ALOIX Virtus International Small-Cap Fund	14.50%	36.22%	2.65%	19.43%	-4.07%
ARHBX Artisan International Explorer Fund	24.77%	18.32%	8.34%	20.65%	-2.64%

Correlation

The correlation between ALOIX and ARHBX is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.63
Correlation (3Y) Balances recent behavior with more history.	0.68
Correlation (All Time) Calculated using the full available price history since May 16, 2022	0.73

The correlation between ALOIX and ARHBX shifts across timeframes, from 0.63 (1 year) to 0.73 (all time), reflecting how their relationship changes across market environments.

Return for Risk

ALOIX vs. ARHBX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ALOIX

ALOIX Risk / Return Rank: 88
ALOIX Sharpe Ratio Rank: 92
ALOIX Sortino Ratio Rank: 87
ALOIX Omega Ratio Rank: 85
ALOIX Calmar Ratio Rank: 89
ALOIX Martin Ratio Rank: 88

ARHBX

ARHBX Risk / Return Rank: 72
ARHBX Sharpe Ratio Rank: 71
ARHBX Sortino Ratio Rank: 70
ARHBX Omega Ratio Rank: 70
ARHBX Calmar Ratio Rank: 85
ARHBX Martin Ratio Rank: 61

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ALOIX vs. ARHBX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus International Small-Cap Fund (ALOIX) and Artisan International Explorer Fund (ARHBX). 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.

	ALOIX	ARHBX	Difference
Sharpe ratio: Return per unit of total volatility	2.35	1.65	+0.70
Sortino ratio: Return per unit of downside risk	3.16	2.38	+0.79
Omega ratio: Gain probability vs. loss probability	1.42	1.30	+0.12
Calmar ratio: Return relative to maximum drawdown	3.27	2.91	+0.36
Martin ratio: Return relative to average drawdown	11.69	7.83	+3.86

ALOIX vs. ARHBX - Sharpe Ratio Comparison

The current ALOIX Sharpe Ratio is 2.35, which is higher than the ARHBX Sharpe Ratio of 1.65. The chart below compares the historical Sharpe Ratios of ALOIX and ARHBX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ALOIX vs. ARHBX - Drawdown Comparison

The maximum ALOIX drawdown since its inception was -79.29%, which is greater than ARHBX's maximum drawdown of -18.10%. Use the drawdown chart below to compare losses from any high point for ALOIX and ARHBX.

Drawdown Indicators

	ALOIX	ARHBX	Difference
Max Drawdown Largest peak-to-trough decline	-79.29%	-18.10%	-61.19%
Max Drawdown (1Y) Largest decline over 1 year	-10.07%	-9.51%	-0.56%
Max Drawdown (3Y) Largest decline over 3 years	-14.03%	-11.79%	-2.24%
Max Drawdown (5Y) Largest decline over 5 years	-39.41%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-42.79%	—	—
Current Drawdown Current decline from peak	-1.05%	-0.85%	-0.20%
Average Drawdown Average peak-to-trough decline	-34.68%	-3.53%	-31.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.81%	3.53%	-0.72%

Volatility

ALOIX vs. ARHBX - Volatility Comparison

Virtus International Small-Cap Fund (ALOIX) and Artisan International Explorer Fund (ARHBX) have volatilities of 5.02% and 5.24%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ALOIX	ARHBX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.02%	5.24%	-0.22%
Volatility (6M) Calculated over the trailing 6-month period	11.91%	15.14%	-3.23%
Volatility (1Y) Calculated over the trailing 1-year period	13.99%	16.85%	-2.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.11%	14.77%	+0.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.44%	14.77%	+1.67%

ALOIX vs. ARHBX - Expense Ratio Comparison

ALOIX has a 1.04% expense ratio, which is lower than ARHBX's 1.35% expense ratio.

Dividends

ALOIX vs. ARHBX - Dividend Comparison

ALOIX's dividend yield for the trailing twelve months is around 3.96%, less than ARHBX's 5.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ALOIX Virtus International Small-Cap Fund	3.96%	4.54%	3.50%	4.93%	1.25%	19.08%	1.38%	1.62%	18.17%	1.52%	1.04%	0.54%
ARHBX Artisan International Explorer Fund	5.96%	7.44%	4.86%	1.97%	0.16%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ALOIX and ARHBX in my portfolio?

ALOIX and ARHBX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ALOIX or ARHBX?

ARHBX has higher volatility (5.24%) compared to ALOIX (5.02%). In terms of maximum drawdown, ALOIX dropped -79.29% vs ARHBX's -18.10%.

Which has better risk-adjusted returns?

ALOIX currently has the higher Sharpe Ratio (2.35 vs 1.65), 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.