APDKX vs. PZRIX

Last updated Jun 24, 2026

APDKX (Artisan International Value Fund Advisor Class) and PZRIX (PIMCO RAE Global ex-US Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, APDKX returned 11.18%/yr vs 10.42%/yr for PZRIX. Their correlation of 0.86 suggests significant overlap in exposure. APDKX charges 1.06%/yr vs 0.00%/yr for PZRIX.

Performance

APDKX vs. PZRIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Artisan International Value Fund Advisor Class (APDKX) and PIMCO RAE Global ex-US Fund (PZRIX). 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 APDKX having a 10.79% return and PZRIX slightly lower at 10.46%. Over the past 10 years, APDKX has outperformed PZRIX with an annualized return of 11.18%, while PZRIX has yielded a comparatively lower 10.42% annualized 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%

PZRIX

• 1D: 0.16%
• 1M: -3.04%
• YTD: 10.46%
• 6M: 10.74%
• 1Y: 28.45%
• 3Y*: 19.23%
• 5Y*: 10.07%
• 10Y*: 10.42%

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

APDKX vs. PZRIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
APDKX Artisan International Value Fund Advisor Class	10.79%	22.69%	6.55%	22.81%	-6.85%	16.83%	8.70%	24.12%	-15.56%	20.50%
PZRIX PIMCO RAE Global ex-US Fund	10.46%	34.05%	3.29%	19.31%	-9.11%	12.08%	1.74%	15.94%	-14.93%	26.00%

Correlation

The correlation between APDKX and PZRIX is 0.71, 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	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (10Y) Calculated over the trailing 10-year period	0.85
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016	0.86

The correlation between APDKX and PZRIX shifts across timeframes, from 0.71 (1 year) to 0.86 (all time), reflecting how their relationship changes across market environments.

Return for Risk

APDKX vs. PZRIX — 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

PZRIX

PZRIX Risk / Return Rank: 77
PZRIX Sharpe Ratio Rank: 82
PZRIX Sortino Ratio Rank: 77
PZRIX Omega Ratio Rank: 75
PZRIX Calmar Ratio Rank: 82
PZRIX Martin Ratio Rank: 68

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. PZRIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Artisan International Value Fund Advisor Class (APDKX) and PIMCO RAE Global ex-US Fund (PZRIX). 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	PZRIX	Difference
Sharpe ratio: Return per unit of total volatility	1.76	2.48	-0.72
Sortino ratio: Return per unit of downside risk	2.57	3.36	-0.79
Omega ratio: Gain probability vs. loss probability	1.35	1.44	-0.09
Calmar ratio: Return relative to maximum drawdown	2.46	3.59	-1.13
Martin ratio: Return relative to average drawdown	8.29	12.37	-4.08

APDKX vs. PZRIX - Sharpe Ratio Comparison

The current APDKX Sharpe Ratio is 1.76, which is comparable to the PZRIX Sharpe Ratio of 2.48. The chart below compares the historical Sharpe Ratios of APDKX and PZRIX, 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. PZRIX - Drawdown Comparison

The maximum APDKX drawdown since its inception was -38.09%, smaller than the maximum PZRIX drawdown of -43.53%. Use the drawdown chart below to compare losses from any high point for APDKX and PZRIX.

Drawdown Indicators

	APDKX	PZRIX	Difference
Max Drawdown Largest peak-to-trough decline	-38.09%	-43.53%	+5.44%
Max Drawdown (1Y) Largest decline over 1 year	-9.95%	-8.18%	-1.77%
Max Drawdown (3Y) Largest decline over 3 years	-10.88%	-13.81%	+2.93%
Max Drawdown (5Y) Largest decline over 5 years	-24.88%	-30.85%	+5.97%
Max Drawdown (10Y) Largest decline over 10 years	-38.09%	-43.53%	+5.44%
Current Drawdown Current decline from peak	-0.67%	-4.74%	+4.07%
Average Drawdown Average peak-to-trough decline	-5.38%	-8.85%	+3.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.94%	2.36%	+0.58%

Volatility

APDKX vs. PZRIX - Volatility Comparison

Artisan International Value Fund Advisor Class (APDKX) has a higher volatility of 3.94% compared to PIMCO RAE Global ex-US Fund (PZRIX) at 3.62%. This indicates that APDKX's price experiences larger fluctuations and is considered to be riskier than PZRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	APDKX	PZRIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.94%	3.62%	+0.32%
Volatility (6M) Calculated over the trailing 6-month period	10.06%	9.42%	+0.64%
Volatility (1Y) Calculated over the trailing 1-year period	13.95%	11.88%	+2.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.00%	15.79%	-1.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.14%	16.88%	-0.74%

APDKX vs. PZRIX - Expense Ratio Comparison

APDKX has a 1.06% expense ratio, which is higher than PZRIX's 0.00% expense ratio.

Dividends

APDKX vs. PZRIX - Dividend Comparison

APDKX's dividend yield for the trailing twelve months is around 6.39%, more than PZRIX's 5.94% 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%
PZRIX PIMCO RAE Global ex-US Fund	5.94%	6.56%	6.70%	9.19%	8.80%	11.99%	2.04%	6.32%	2.80%	4.13%	2.58%

Frequently Asked Questions

Can I hold both APDKX and PZRIX in my portfolio?

APDKX and PZRIX have a correlation of 0.71, 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 PZRIX?

APDKX has higher volatility (3.94%) compared to PZRIX (3.62%). In terms of maximum drawdown, APDKX dropped -38.09% vs PZRIX's -43.53%.

Which has better risk-adjusted returns?

PZRIX currently has the higher Sharpe Ratio (2.48 vs 1.76), 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.