APDKX vs. MIEKX

Last updated Jun 24, 2026

APDKX (Artisan International Value Fund Advisor Class) and MIEKX (MFS International Equity Fund Class R6) are both mutual funds - APDKX is a Foreign Large Cap Equities fund actively managed by Artisan Partners, while MIEKX is a International Equity fund actively managed by MFS. Both are actively managed. Over the past 3 years, APDKX returned 16.44%/yr vs 11.96%/yr for MIEKX. Their correlation of 0.86 suggests significant overlap in exposure. APDKX charges 1.06%/yr vs 0.73%/yr for MIEKX.

Performance

APDKX vs. MIEKX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Artisan International Value Fund Advisor Class (APDKX) and MFS International Equity Fund Class R6 (MIEKX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, APDKX achieves a 10.79% return, which is significantly higher than MIEKX's 3.06% return.

APDKX

• 1D: -0.45%
• 1M: 2.41%
• YTD: 10.79%
• 6M: 11.12%
• 1Y: 23.87%
• 3Y*: 16.44%
• 5Y*: 10.95%
• 10Y*: 11.18%

MIEKX

• 1D: 0.00%
• 1M: 0.48%
• YTD: 3.06%
• 6M: 2.55%
• 1Y: 11.57%
• 3Y*: 11.96%
• 5Y*: —
• 10Y*: —

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

APDKX vs. MIEKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
APDKX Artisan International Value Fund Advisor Class	10.79%	22.69%	6.55%	9.75%
MIEKX MFS International Equity Fund Class R6	3.06%	23.12%	4.02%	5.55%

Correlation

The correlation between APDKX and MIEKX is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (All Time) Calculated using the full available price history since May 17, 2023	0.86

The correlation between APDKX and MIEKX has been stable across timeframes, ranging from 0.82 to 0.86 - a consistent structural relationship.

Return for Risk

APDKX vs. MIEKX — Risk / Return Rank

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

APDKX

APDKX Risk / Return Rank: 44
APDKX Sharpe Ratio Rank: 42
APDKX Sortino Ratio Rank: 44
APDKX Omega Ratio Rank: 50
APDKX Calmar Ratio Rank: 45
APDKX Martin Ratio Rank: 41

MIEKX

MIEKX Risk / Return Rank: 13
MIEKX Sharpe Ratio Rank: 12
MIEKX Sortino Ratio Rank: 13
MIEKX Omega Ratio Rank: 13
MIEKX Calmar Ratio Rank: 12
MIEKX Martin Ratio Rank: 15

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.

APDKX vs. MIEKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Artisan International Value Fund Advisor Class (APDKX) and MFS International Equity Fund Class R6 (MIEKX). 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	MIEKX	Difference
Sharpe ratio: Return per unit of total volatility	1.76	0.91	+0.85
Sortino ratio: Return per unit of downside risk	2.57	1.35	+1.21
Omega ratio: Gain probability vs. loss probability	1.35	1.17	+0.19
Calmar ratio: Return relative to maximum drawdown	2.46	1.07	+1.39
Martin ratio: Return relative to average drawdown	8.29	3.73	+4.56

APDKX vs. MIEKX - Sharpe Ratio Comparison

The current APDKX Sharpe Ratio is 1.76, which is higher than the MIEKX Sharpe Ratio of 0.91. The chart below compares the historical Sharpe Ratios of APDKX and MIEKX, 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. MIEKX - Drawdown Comparison

The maximum APDKX drawdown since its inception was -38.09%, which is greater than MIEKX's maximum drawdown of -13.42%. Use the drawdown chart below to compare losses from any high point for APDKX and MIEKX.

Drawdown Indicators

	APDKX	MIEKX	Difference
Max Drawdown Largest peak-to-trough decline	-38.09%	-13.42%	-24.67%
Max Drawdown (1Y) Largest decline over 1 year	-9.95%	-11.30%	+1.35%
Max Drawdown (3Y) Largest decline over 3 years	-10.88%	-13.42%	+2.54%
Max Drawdown (5Y) Largest decline over 5 years	-24.88%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-38.09%	—	—
Current Drawdown Current decline from peak	-0.67%	-1.67%	+1.00%
Average Drawdown Average peak-to-trough decline	-5.38%	-2.82%	-2.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.94%	3.22%	-0.28%

Volatility

APDKX vs. MIEKX - Volatility Comparison

Artisan International Value Fund Advisor Class (APDKX) has a higher volatility of 3.94% compared to MFS International Equity Fund Class R6 (MIEKX) at 3.59%. This indicates that APDKX's price experiences larger fluctuations and is considered to be riskier than MIEKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	APDKX	MIEKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.94%	3.59%	+0.35%
Volatility (6M) Calculated over the trailing 6-month period	10.06%	10.60%	-0.54%
Volatility (1Y) Calculated over the trailing 1-year period	13.95%	13.31%	+0.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.00%	13.25%	+0.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.14%	13.25%	+2.89%

APDKX vs. MIEKX - Expense Ratio Comparison

APDKX has a 1.06% expense ratio, which is higher than MIEKX's 0.73% expense ratio.

Dividends

APDKX vs. MIEKX - Dividend Comparison

APDKX's dividend yield for the trailing twelve months is around 6.39%, more than MIEKX's 2.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
APDKX Artisan International Value Fund Advisor Class	6.39%	7.05%	4.26%	3.02%	2.23%	9.92%	0.91%	3.83%	5.61%	1.25%	3.27%
MIEKX MFS International Equity Fund Class R6	2.52%	2.60%	1.41%	1.67%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both APDKX and MIEKX in my portfolio?

APDKX and MIEKX have a correlation of 0.82, 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 MIEKX?

APDKX has higher volatility (3.94%) compared to MIEKX (3.59%). In terms of maximum drawdown, APDKX dropped -38.09% vs MIEKX's -13.42%.

Which has better risk-adjusted returns?

APDKX currently has the higher Sharpe Ratio (1.76 vs 0.91), 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.