APDIX vs. BDOAX

Last updated Apr 2, 2026

Compare and contrast key facts about Artisan International Fund Advisor Class (APDIX) and iShares MSCI Total International Index Fund Class A (BDOAX).

APDIX is an actively managed fund by Artisan. It was launched on Apr 1, 2015. BDOAX is a passively managed fund by iShares that tracks the performance of the MSCI All Country World ex US Index (Net TR) (USD). It was launched on Jun 30, 2011.

Performance

APDIX vs. BDOAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Artisan International Fund Advisor Class (APDIX) and iShares MSCI Total International Index Fund Class A (BDOAX). The values are adjusted to include any dividend payments, if applicable.

APDIX vs. BDOAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
APDIX Artisan International Fund Advisor Class	4.92%	36.36%	10.78%	14.44%	-19.44%	9.01%	7.75%	29.33%	-10.86%	31.12%
BDOAX iShares MSCI Total International Index Fund Class A	1.12%	32.20%	5.02%	14.81%	-16.63%	7.36%	10.47%	20.81%	-14.19%	26.16%

Returns By Period

In the year-to-date period, APDIX achieves a 4.92% return, which is significantly higher than BDOAX's 1.12% return. Over the past 10 years, APDIX has outperformed BDOAX with an annualized return of 9.37%, while BDOAX has yielded a comparatively lower 8.19% annualized return.

APDIX

• 1D: 1.10%
• 1M: -6.52%
• YTD: 4.92%
• 6M: 6.69%
• 1Y: 30.13%
• 3Y*: 18.75%
• 5Y*: 9.34%
• 10Y*: 9.37%

BDOAX

• 1D: 2.42%
• 1M: -7.57%
• YTD: 1.12%
• 6M: 5.05%
• 1Y: 25.58%
• 3Y*: 14.65%
• 5Y*: 6.59%
• 10Y*: 8.19%

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

APDIX vs. BDOAX - Expense Ratio Comparison

APDIX has a 1.05% expense ratio, which is higher than BDOAX's 0.41% expense ratio.

APDIX

Artisan International Fund Advisor Class

BDOAX

iShares MSCI Total International Index Fund Class A

Return for Risk

APDIX vs. BDOAX — Risk / Return Rank

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

APDIX

APDIX Risk / Return Rank: 89
APDIX Sharpe Ratio Rank: 91
APDIX Sortino Ratio Rank: 88
APDIX Omega Ratio Rank: 87
APDIX Calmar Ratio Rank: 90
APDIX Martin Ratio Rank: 90

BDOAX

BDOAX Risk / Return Rank: 78
BDOAX Sharpe Ratio Rank: 80
BDOAX Sortino Ratio Rank: 77
BDOAX Omega Ratio Rank: 77
BDOAX Calmar Ratio Rank: 80
BDOAX Martin Ratio Rank: 75

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.

APDIX vs. BDOAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Artisan International Fund Advisor Class (APDIX) and iShares MSCI Total International Index Fund Class A (BDOAX). 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.

	APDIX	BDOAX	Difference
Sharpe ratio Return per unit of total volatility	2.04	1.61	+0.43
Sortino ratio Return per unit of downside risk	2.59	2.15	+0.44
Omega ratio Gain probability vs. loss probability	1.39	1.32	+0.07
Calmar ratio Return relative to maximum drawdown	2.80	2.20	+0.60
Martin ratio Return relative to average drawdown	11.00	8.53	+2.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

APDIX vs. BDOAX - Sharpe Ratio Comparison

The current APDIX Sharpe Ratio is 2.04, which is comparable to the BDOAX Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of APDIX and BDOAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	APDIX	BDOAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.04	1.61	+0.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	0.44	+0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.58	0.51	+0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.30	+0.25

Correlation

The correlation between APDIX and BDOAX is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

APDIX vs. BDOAX - Dividend Comparison

APDIX's dividend yield for the trailing twelve months is around 21.77%, more than BDOAX's 2.17% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
APDIX Artisan International Fund Advisor Class	21.77%	22.84%	10.42%	2.00%	2.74%	23.63%	3.39%	5.41%	9.98%	0.83%	1.45%	0.00%
BDOAX iShares MSCI Total International Index Fund Class A	2.17%	2.84%	2.62%	2.74%	2.61%	2.46%	1.79%	2.85%	3.05%	1.65%	3.33%	3.78%

Drawdowns

APDIX vs. BDOAX - Drawdown Comparison

The maximum APDIX drawdown since its inception was -33.79%, roughly equal to the maximum BDOAX drawdown of -35.53%. Use the drawdown chart below to compare losses from any high point for APDIX and BDOAX.

Drawdown Indicators

	APDIX	BDOAX	Difference
Max Drawdown Largest peak-to-trough decline	-33.79%	-35.53%	+1.74%
Max Drawdown (1Y) Largest decline over 1 year	-9.77%	-11.37%	+1.60%
Max Drawdown (5Y) Largest decline over 5 years	-33.79%	-30.54%	-3.25%
Max Drawdown (10Y) Largest decline over 10 years	-33.79%	-35.53%	+1.74%
Current Drawdown Current decline from peak	-8.77%	-9.23%	+0.46%
Average Drawdown Average peak-to-trough decline	-7.07%	-8.80%	+1.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.58%	2.93%	-0.35%

Volatility

APDIX vs. BDOAX - Volatility Comparison

The current volatility for Artisan International Fund Advisor Class (APDIX) is 6.11%, while iShares MSCI Total International Index Fund Class A (BDOAX) has a volatility of 7.57%. This indicates that APDIX experiences smaller price fluctuations and is considered to be less risky than BDOAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	APDIX	BDOAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.11%	7.57%	-1.46%
Volatility (6M) Calculated over the trailing 6-month period	10.16%	11.07%	-0.91%
Volatility (1Y) Calculated over the trailing 1-year period	15.32%	16.22%	-0.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.61%	15.22%	+0.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.16%	16.18%	-0.02%