APDGX vs. CAEIX

Last updated Jun 4, 2026

APDGX (Artisan Global Value Fund Advisor Class) and CAEIX (Calvert Global Energy Solutions Fund) are both Global Equities funds. Over the past 10 years, APDGX returned 11.74%/yr vs 11.83%/yr for CAEIX. A 0.80 correlation means they provide meaningful diversification when combined. APDGX charges 1.12%/yr vs 0.99%/yr for CAEIX.

Performance

APDGX vs. CAEIX - Performance Comparison

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

Returns By Period

In the year-to-date period, APDGX achieves a 8.07% return, which is significantly lower than CAEIX's 23.10% return. Both investments have delivered pretty close results over the past 10 years, with APDGX having a 11.74% annualized return and CAEIX not far ahead at 11.83%.

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%

CAEIX

• 1D: 1.24%
• 1M: 4.18%
• YTD: 23.10%
• 6M: 23.57%
• 1Y: 49.07%
• 3Y*: 13.90%
• 5Y*: 6.54%
• 10Y*: 11.83%

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

APDGX vs. CAEIX - 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%
CAEIX Calvert Global Energy Solutions Fund	23.10%	32.61%	-7.13%	5.67%	-17.43%	6.73%	61.52%	33.48%	-19.26%	29.65%

Correlation

The correlation between APDGX and CAEIX is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (10Y) Calculated over the trailing 10-year period	0.80
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016	0.80

The correlation between APDGX and CAEIX shifts across timeframes, from 0.64 (1 year) to 0.80 (all time), reflecting how their relationship changes across market environments.

Return for Risk

APDGX vs. CAEIX — 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

CAEIX

CAEIX Risk / Return Rank: 89
CAEIX Sharpe Ratio Rank: 92
CAEIX Sortino Ratio Rank: 84
CAEIX Omega Ratio Rank: 80
CAEIX Calmar Ratio Rank: 95
CAEIX Martin Ratio Rank: 94

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. CAEIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Artisan Global Value Fund Advisor Class (APDGX) and Calvert Global Energy Solutions Fund (CAEIX). 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	CAEIX	Difference
Sharpe ratio: Return per unit of total volatility	2.25	3.08	-0.83
Sortino ratio: Return per unit of downside risk	3.26	3.95	-0.68
Omega ratio: Gain probability vs. loss probability	1.41	1.52	-0.11
Calmar ratio: Return relative to maximum drawdown	2.55	6.03	-3.48
Martin ratio: Return relative to average drawdown	10.80	20.83	-10.03
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. CAEIX - Sharpe Ratio Comparison

The current APDGX Sharpe Ratio is 2.25, which is comparable to the CAEIX Sharpe Ratio of 3.08. The chart below compares the historical Sharpe Ratios of APDGX and CAEIX, 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	CAEIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.25	3.08	-0.83
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.80	0.34	+0.46
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.68	0.60	+0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	0.07	+0.62

Drawdowns

APDGX vs. CAEIX - Drawdown Comparison

The maximum APDGX drawdown since its inception was -39.94%, smaller than the maximum CAEIX drawdown of -75.81%. Use the drawdown chart below to compare losses from any high point for APDGX and CAEIX.

Drawdown Indicators

	APDGX	CAEIX	Difference
Max Drawdown Largest peak-to-trough decline	-39.94%	-75.81%	+35.87%
Max Drawdown (1Y) Largest decline over 1 year	-10.20%	-8.39%	-1.81%
Max Drawdown (3Y) Largest decline over 3 years	-10.68%	-24.57%	+13.89%
Max Drawdown (5Y) Largest decline over 5 years	-26.68%	-32.58%	+5.90%
Max Drawdown (10Y) Largest decline over 10 years	-39.94%	-37.54%	-2.40%
Current Drawdown Current decline from peak	-0.20%	0.00%	-0.20%
Average Drawdown Average peak-to-trough decline	-5.35%	-48.64%	+43.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.40%	2.42%	-0.02%

Volatility

APDGX vs. CAEIX - Volatility Comparison

The current volatility for Artisan Global Value Fund Advisor Class (APDGX) is 3.70%, while Calvert Global Energy Solutions Fund (CAEIX) has a volatility of 5.76%. This indicates that APDGX experiences smaller price fluctuations and is considered to be less risky than CAEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	APDGX	CAEIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.70%	5.76%	-2.06%
Volatility (6M) Calculated over the trailing 6-month period	9.21%	12.91%	-3.70%
Volatility (1Y) Calculated over the trailing 1-year period	11.58%	16.43%	-4.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.49%	19.18%	-4.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.29%	19.69%	-2.40%

APDGX vs. CAEIX - Expense Ratio Comparison

APDGX has a 1.12% expense ratio, which is higher than CAEIX's 0.99% expense ratio.

Dividends

APDGX vs. CAEIX - Dividend Comparison

APDGX's dividend yield for the trailing twelve months is around 4.38%, more than CAEIX's 0.59% 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%
CAEIX Calvert Global Energy Solutions Fund	0.59%	0.72%	1.17%	1.07%	0.86%	0.49%	0.82%	1.23%	2.00%	1.40%	1.79%	0.72%

Frequently Asked Questions

Can I hold both APDGX and CAEIX in my portfolio?

APDGX and CAEIX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, APDGX or CAEIX?

CAEIX has higher volatility (5.76%) compared to APDGX (3.70%). In terms of maximum drawdown, APDGX dropped -39.94% vs CAEIX's -75.81%.

Which has better risk-adjusted returns?

CAEIX currently has the higher Sharpe Ratio (3.08 vs 2.25), 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.