APDKX vs. ARTMX

Last updated Aug 1, 2026

APDKX (Artisan International Value Fund Advisor Class) and ARTMX (Artisan Mid Cap Fund) are both mutual funds - APDKX is a Foreign Large Cap Equities fund actively managed by Artisan, while ARTMX is a Mid Cap Growth Equities fund managed by Artisan. Over the past 10 years, APDKX returned 11.07%/yr vs 10.70%/yr for ARTMX. Their 0.60 correlation means they have sometimes moved together and sometimes differently. APDKX charges 1.06%/yr vs 1.18%/yr for ARTMX.

Performance

APDKX vs. ARTMX - Performance Comparison

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

Returns By Period

In the year-to-date period, APDKX achieves a 15.82% return, which is significantly higher than ARTMX's 2.35% return. Both investments have delivered pretty close results over the past 10 years, with APDKX having a 11.07% annualized return and ARTMX not far behind at 10.70%.

APDKX

• 1D: 0.92%
• 1M: 2.01%
• 6M: 12.17%
• YTD: 15.82%
• 1Y: 27.20%
• 3Y*: 16.90%
• 5Y*: 11.91%
• 10Y*: 11.07%
• ALL TIME*: 10.90%

ARTMX

• 1D: 1.92%
• 1M: -6.22%
• 6M: 1.82%
• YTD: 2.35%
• 1Y: 9.36%
• 3Y*: 10.27%
• 5Y*: 0.25%
• 10Y*: 10.70%
• ALL TIME*: 11.62%

*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)
APDKX Artisan International Value Fund Advisor Class	$0.00	$0.00	$0.00
ARTMX Artisan Mid Cap Fund	$0.00	$0.00	$0.00

APDKX vs. ARTMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
APDKX Artisan International Value Fund Advisor Class	15.82%	22.69%	6.55%	22.81%	-6.85%	16.83%	8.70%	24.12%	-15.56%	20.50%
ARTMX Artisan Mid Cap Fund	2.35%	14.92%	11.78%	23.99%	-36.82%	10.12%	58.62%	37.97%	-4.30%	20.61%

Correlation

The correlation between APDKX and ARTMX is 0.53, 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.	0.53
Correlation (3Y) Balances recent behavior with more history.	0.56
Correlation (5Y) Shows whether the relationship held over a longer period.	0.63
Correlation (10Y) Provides a long-term view across more market conditions.	0.59
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016	0.60

The correlation between APDKX and ARTMX has been stable across timeframes, ranging from 0.53 to 0.63 - a consistent structural relationship.

Return for Risk

APDKX vs. ARTMX — Risk / Return Rank

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

APDKX

APDKX Risk / Return Rank: 78
APDKX Sharpe Ratio Rank: 78
APDKX Sortino Ratio Rank: 78
APDKX Omega Ratio Rank: 80
APDKX Calmar Ratio Rank: 79
APDKX Martin Ratio Rank: 72

ARTMX

ARTMX Risk / Return Rank: 13
ARTMX Sharpe Ratio Rank: 12
ARTMX Sortino Ratio Rank: 13
ARTMX Omega Ratio Rank: 12
ARTMX Calmar Ratio Rank: 14
ARTMX Martin Ratio Rank: 16

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.

APDKX vs. ARTMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Artisan International Value Fund Advisor Class (APDKX) and Artisan Mid Cap Fund (ARTMX). 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.

	APDKX	ARTMX	Difference
Sharpe ratio: Return per unit of total volatility	1.84	0.47	+1.38
Sortino ratio: Return per unit of downside risk	2.70	0.79	+1.91
Omega ratio: Gain probability vs. loss probability	1.37	1.09	+0.28
Calmar ratio: Return relative to maximum drawdown	2.61	0.65	+1.96
Martin ratio: Return relative to average drawdown	8.82	2.28	+6.54

APDKX vs. ARTMX - Sharpe Ratio Comparison

The current APDKX Sharpe Ratio is 1.84, which is higher than the ARTMX Sharpe Ratio of 0.47. The chart below compares the historical Sharpe Ratios of APDKX and ARTMX, 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

APDKX vs. ARTMX - Drawdown Comparison

The maximum APDKX drawdown since its inception was -38.09%, smaller than the maximum ARTMX drawdown of -57.80%. Use the drawdown chart below to compare losses from any high point for APDKX and ARTMX.

Drawdown Indicators

	APDKX	ARTMX	Difference
Max Drawdown Largest peak-to-trough decline	-38.09%	-57.80%	+19.71%
Max Drawdown (1Y) Largest decline over 1 year	-9.95%	-13.32%	+3.37%
Max Drawdown (3Y) Largest decline over 3 years	-10.88%	-24.65%	+13.77%
Max Drawdown (5Y) Largest decline over 5 years	-24.88%	-43.73%	+18.85%
Max Drawdown (10Y) Largest decline over 10 years	-38.09%	-43.73%	+5.64%
Current Drawdown Current decline from peak	0.00%	-7.71%	+7.71%
Average Drawdown Average peak-to-trough decline	-5.33%	-11.96%	+6.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.94%	3.80%	-0.86%

Volatility

APDKX vs. ARTMX - Volatility Comparison

The current volatility for Artisan International Value Fund Advisor Class (APDKX) is 3.25%, while Artisan Mid Cap Fund (ARTMX) has a volatility of 5.30%. This indicates that APDKX experiences smaller price fluctuations and is considered to be less risky than ARTMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	APDKX	ARTMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.25%	5.30%	-2.05%
Volatility (6M) Calculated over the trailing 6-month period	10.28%	15.62%	-5.34%
Volatility (1Y) Calculated over the trailing 1-year period	14.11%	18.71%	-4.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.97%	24.32%	-10.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.88%	22.60%	-6.72%

APDKX vs. ARTMX - Expense Ratio Comparison

APDKX has a 1.06% expense ratio, which is lower than ARTMX's 1.18% expense ratio.

Dividends

APDKX vs. ARTMX - Dividend Comparison

APDKX's dividend yield for the trailing twelve months is around 6.21%, less than ARTMX's 18.89% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
APDKX Artisan International Value Fund Advisor Class	6.21%	7.05%	4.26%	3.02%	2.23%	9.92%	0.91%	3.83%	5.61%	1.25%	3.27%	0.00%
ARTMX Artisan Mid Cap Fund	18.89%	19.33%	15.43%	0.00%	0.29%	19.29%	14.97%	12.88%	27.63%	14.97%	9.19%	16.40%

Frequently Asked Questions

Can I hold both APDKX and ARTMX in my portfolio?

APDKX and ARTMX have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, APDKX or ARTMX?

ARTMX has higher volatility (5.30%) compared to APDKX (3.25%). In terms of maximum drawdown, APDKX dropped -38.09% vs ARTMX's -57.80%.

Which has better risk-adjusted returns?

APDKX currently has the higher Sharpe Ratio (1.84 vs 0.47), 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.