APDGX vs. ARTGX

Last updated Jun 4, 2026

APDGX (Artisan Global Value Fund Advisor Class) and ARTGX (Artisan Global Value Fund) are both Global Equities funds from Artisan. Over the past 10 years, APDGX returned 11.74%/yr vs 11.58%/yr for ARTGX. With a 1.00 correlation, they move nearly in lockstep. APDGX charges 1.12%/yr vs 1.25%/yr for ARTGX.

Performance

APDGX vs. ARTGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Artisan Global Value Fund Advisor Class (APDGX) and Artisan Global Value Fund (ARTGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with APDGX having a 8.07% return and ARTGX slightly lower at 8.02%. Both investments have delivered pretty close results over the past 10 years, with APDGX having a 11.74% annualized return and ARTGX not far behind at 11.58%.

APDGX

• 1D: -0.20%
• 1M: 4.50%
• YTD: 8.07%
• 6M: 11.53%
• 1Y: 26.14%
• 3Y*: 21.62%
• 5Y*: 11.57%
• 10Y*: 11.74%

ARTGX

• 1D: -0.20%
• 1M: 4.50%
• YTD: 8.02%
• 6M: 11.43%
• 1Y: 25.96%
• 3Y*: 21.43%
• 5Y*: 11.42%
• 10Y*: 11.58%

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

APDGX vs. ARTGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
APDGX Artisan Global Value Fund Advisor Class	8.07%	34.25%	10.80%	26.76%	-13.40%	15.70%	6.65%	23.98%	-12.99%	21.77%
ARTGX Artisan Global Value Fund	8.02%	34.03%	10.66%	26.57%	-13.56%	15.60%	6.48%	23.78%	-13.09%	21.59%

Correlation

The correlation between APDGX and ARTGX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (10Y) Calculated over the trailing 10-year period	1.00
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016	1.00

The correlation between APDGX and ARTGX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

Return for Risk

APDGX vs. ARTGX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

APDGX

APDGX Risk / Return Rank: 54
APDGX Sharpe Ratio Rank: 58
APDGX Sortino Ratio Rank: 60
APDGX Omega Ratio Rank: 54
APDGX Calmar Ratio Rank: 45
APDGX Martin Ratio Rank: 53

ARTGX

ARTGX Risk / Return Rank: 54
ARTGX Sharpe Ratio Rank: 58
ARTGX Sortino Ratio Rank: 59
ARTGX Omega Ratio Rank: 54
ARTGX Calmar Ratio Rank: 45
ARTGX Martin Ratio Rank: 53

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

APDGX vs. ARTGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Artisan Global Value Fund Advisor Class (APDGX) and Artisan Global Value Fund (ARTGX). 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.

	APDGX	ARTGX	Difference
Sharpe ratio: Return per unit of total volatility	2.25	2.24	+0.01
Sortino ratio: Return per unit of downside risk	3.26	3.25	+0.02
Omega ratio: Gain probability vs. loss probability	1.41	1.41	0.00
Calmar ratio: Return relative to maximum drawdown	2.55	2.54	+0.01
Martin ratio: Return relative to average drawdown	10.80	10.71	+0.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

APDGX vs. ARTGX - Sharpe Ratio Comparison

The current APDGX Sharpe Ratio is 2.25, which is comparable to the ARTGX Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of APDGX and ARTGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	APDGX	ARTGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.25	2.24	+0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.80	0.79	+0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.68	0.67	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	0.52	+0.17

Drawdowns

APDGX vs. ARTGX - Drawdown Comparison

The maximum APDGX drawdown since its inception was -39.94%, smaller than the maximum ARTGX drawdown of -49.92%. Use the drawdown chart below to compare losses from any high point for APDGX and ARTGX.

Drawdown Indicators

	APDGX	ARTGX	Difference
Max Drawdown Largest peak-to-trough decline	-39.94%	-49.92%	+9.98%
Max Drawdown (1Y) Largest decline over 1 year	-10.20%	-10.18%	-0.02%
Max Drawdown (3Y) Largest decline over 3 years	-10.68%	-10.70%	+0.02%
Max Drawdown (5Y) Largest decline over 5 years	-26.68%	-26.74%	+0.06%
Max Drawdown (10Y) Largest decline over 10 years	-39.94%	-39.90%	-0.04%
Current Drawdown Current decline from peak	-0.20%	-0.20%	0.00%
Average Drawdown Average peak-to-trough decline	-5.35%	-6.55%	+1.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.40%	2.40%	0.00%

Volatility

APDGX vs. ARTGX - Volatility Comparison

Artisan Global Value Fund Advisor Class (APDGX) and Artisan Global Value Fund (ARTGX) have volatilities of 3.70% and 3.69%, 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

	APDGX	ARTGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.70%	3.69%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	9.21%	9.21%	0.00%
Volatility (1Y) Calculated over the trailing 1-year period	11.58%	11.56%	+0.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.49%	14.49%	0.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.29%	17.29%	0.00%

APDGX vs. ARTGX - Expense Ratio Comparison

APDGX has a 1.12% expense ratio, which is lower than ARTGX's 1.25% expense ratio.

Dividends

APDGX vs. ARTGX - Dividend Comparison

APDGX's dividend yield for the trailing twelve months is around 4.38%, more than ARTGX's 4.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
APDGX Artisan Global Value Fund Advisor Class	4.38%	4.73%	5.56%	3.04%	3.84%	9.53%	0.09%	1.46%	6.54%	2.18%	2.76%	0.00%
ARTGX Artisan Global Value Fund	4.24%	4.58%	5.38%	2.87%	3.68%	9.38%	0.05%	1.29%	6.35%	2.01%	2.66%	5.95%

Frequently Asked Questions

Can I hold both APDGX and ARTGX in my portfolio?

With a correlation of 1.00, APDGX and ARTGX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, APDGX or ARTGX?

APDGX has higher volatility (3.70%) compared to ARTGX (3.69%). In terms of maximum drawdown, APDGX dropped -39.94% vs ARTGX's -49.92%.

Which has better risk-adjusted returns?

APDGX currently has the higher Sharpe Ratio (2.25 vs 2.24), 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.