APDIX vs. PWJZX

Last updated Jun 4, 2026

APDIX (Artisan International Fund Advisor Class) and PWJZX (PGIM Jennison International Opportunities Fund) are both mutual funds - APDIX is a International Equity fund actively managed by Artisan, while PWJZX is a Foreign Large Cap Equities fund managed by PGIM. Over the past 10 years, APDIX returned 9.95%/yr vs 11.94%/yr for PWJZX. Their correlation of 0.80 suggests significant overlap in exposure. APDIX charges 1.05%/yr vs 0.90%/yr for PWJZX.

Performance

APDIX vs. PWJZX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Artisan International Fund Advisor Class (APDIX) and PGIM Jennison International Opportunities Fund (PWJZX). 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 APDIX having a 13.79% return and PWJZX slightly lower at 13.56%. Over the past 10 years, APDIX has underperformed PWJZX with an annualized return of 9.95%, while PWJZX has yielded a comparatively higher 11.94% annualized return.

APDIX

• 1D: -0.35%
• 1M: -1.55%
• YTD: 13.79%
• 6M: 17.34%
• 1Y: 26.31%
• 3Y*: 22.73%
• 5Y*: 10.08%
• 10Y*: 9.95%

PWJZX

• 1D: 0.18%
• 1M: 10.53%
• YTD: 13.56%
• 6M: 12.03%
• 1Y: 15.78%
• 3Y*: 12.86%
• 5Y*: 3.04%
• 10Y*: 11.94%

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

APDIX vs. PWJZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
APDIX Artisan International Fund Advisor Class	13.79%	36.36%	10.78%	14.44%	-19.44%	9.01%	7.75%	29.33%	-10.86%	31.12%
PWJZX PGIM Jennison International Opportunities Fund	13.56%	14.53%	6.84%	20.25%	-36.95%	13.27%	55.57%	38.16%	-12.93%	49.58%

Correlation

The correlation between APDIX and PWJZX is 0.65, 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	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.73
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 APDIX and PWJZX shifts across timeframes, from 0.65 (1 year) to 0.80 (all time), reflecting how their relationship changes across market environments.

Return for Risk

APDIX vs. PWJZX — Risk / Return Rank

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

APDIX

APDIX Risk / Return Rank: 42
APDIX Sharpe Ratio Rank: 38
APDIX Sortino Ratio Rank: 39
APDIX Omega Ratio Rank: 38
APDIX Calmar Ratio Rank: 48
APDIX Martin Ratio Rank: 46

PWJZX

PWJZX Risk / Return Rank: 9
PWJZX Sharpe Ratio Rank: 9
PWJZX Sortino Ratio Rank: 9
PWJZX Omega Ratio Rank: 9
PWJZX Calmar Ratio Rank: 9
PWJZX Martin Ratio Rank: 10

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. PWJZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Artisan International Fund Advisor Class (APDIX) and PGIM Jennison International Opportunities Fund (PWJZX). 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	PWJZX	Difference
Sharpe ratio Return per unit of total volatility	1.79	0.70	+1.09
Sortino ratio Return per unit of downside risk	2.63	1.14	+1.48
Omega ratio Gain probability vs. loss probability	1.33	1.14	+0.18
Calmar ratio Return relative to maximum drawdown	2.66	0.86	+1.80
Martin ratio Return relative to average drawdown	9.70	3.06	+6.64
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. PWJZX - Sharpe Ratio Comparison

The current APDIX Sharpe Ratio is 1.79, which is higher than the PWJZX Sharpe Ratio of 0.70. The chart below compares the historical Sharpe Ratios of APDIX and PWJZX, 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

	APDIX	PWJZX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.79	0.70	+1.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.64	0.14	+0.50
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.61	0.57	+0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.49	+0.11

Drawdowns

APDIX vs. PWJZX - Drawdown Comparison

The maximum APDIX drawdown since its inception was -33.79%, smaller than the maximum PWJZX drawdown of -48.22%. Use the drawdown chart below to compare losses from any high point for APDIX and PWJZX.

Drawdown Indicators

	APDIX	PWJZX	Difference
Max Drawdown Largest peak-to-trough decline	-33.79%	-48.22%	+14.43%
Max Drawdown (1Y) Largest decline over 1 year	-9.77%	-18.08%	+8.31%
Max Drawdown (3Y) Largest decline over 3 years	-13.39%	-20.18%	+6.79%
Max Drawdown (5Y) Largest decline over 5 years	-33.79%	-48.22%	+14.43%
Max Drawdown (10Y) Largest decline over 10 years	-33.79%	-48.22%	+14.43%
Current Drawdown Current decline from peak	-5.04%	-2.72%	-2.32%
Average Drawdown Average peak-to-trough decline	-6.99%	-13.05%	+6.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.67%	5.09%	-2.42%

Volatility

APDIX vs. PWJZX - Volatility Comparison

The current volatility for Artisan International Fund Advisor Class (APDIX) is 5.75%, while PGIM Jennison International Opportunities Fund (PWJZX) has a volatility of 9.75%. This indicates that APDIX experiences smaller price fluctuations and is considered to be less risky than PWJZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	APDIX	PWJZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.75%	9.75%	-4.00%
Volatility (6M) Calculated over the trailing 6-month period	11.89%	19.69%	-7.80%
Volatility (1Y) Calculated over the trailing 1-year period	14.56%	22.19%	-7.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.85%	22.26%	-6.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.31%	21.05%	-4.74%

APDIX vs. PWJZX - Expense Ratio Comparison

APDIX has a 1.05% expense ratio, which is higher than PWJZX's 0.90% expense ratio.

Dividends

APDIX vs. PWJZX - Dividend Comparison

APDIX's dividend yield for the trailing twelve months is around 20.07%, more than PWJZX's 0.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
APDIX Artisan International Fund Advisor Class	20.07%	22.84%	10.42%	2.00%	2.74%	23.63%	3.39%	5.41%	9.98%	0.83%	1.45%
PWJZX PGIM Jennison International Opportunities Fund	0.16%	0.19%	0.07%	0.09%	0.00%	0.09%	0.00%	0.00%	0.06%	0.17%	0.24%

Frequently Asked Questions

Can I hold both APDIX and PWJZX in my portfolio?

APDIX and PWJZX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, APDIX or PWJZX?

PWJZX has higher volatility (9.75%) compared to APDIX (5.75%). In terms of maximum drawdown, APDIX dropped -33.79% vs PWJZX's -48.22%.

Which has better risk-adjusted returns?

APDIX currently has the higher Sharpe Ratio (1.79 vs 0.70), 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.