APFDX vs. RTXAX

Last updated Apr 1, 2026

Compare and contrast key facts about Artisan Global Discovery Fund (APFDX) and Russell Investment Tax-Managed Real Assets Fund (RTXAX).

APFDX is managed by Artisan. It was launched on Aug 20, 2017. RTXAX is managed by BlackRock. It was launched on Jun 9, 2019.

Performance

APFDX vs. RTXAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Artisan Global Discovery Fund (APFDX) and Russell Investment Tax-Managed Real Assets Fund (RTXAX). The values are adjusted to include any dividend payments, if applicable.

APFDX vs. RTXAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
APFDX Artisan Global Discovery Fund	-9.16%	12.07%	16.11%	20.66%	-31.14%	12.04%	45.70%	12.40%
RTXAX Russell Investment Tax-Managed Real Assets Fund	11.49%	13.56%	1.50%	7.40%	-11.66%	26.57%	3.73%	6.17%

Returns By Period

In the year-to-date period, APFDX achieves a -9.16% return, which is significantly lower than RTXAX's 11.49% return.

APFDX

• 1D: -0.78%
• 1M: -11.68%
• YTD: -9.16%
• 6M: -7.46%
• 1Y: 5.68%
• 3Y*: 8.54%
• 5Y*: 2.67%
• 10Y*: —

RTXAX

• 1D: 0.13%
• 1M: -2.88%
• YTD: 11.49%
• 6M: 14.38%
• 1Y: 24.85%
• 3Y*: 10.58%
• 5Y*: 7.43%
• 10Y*: —

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

APFDX vs. RTXAX - Expense Ratio Comparison

APFDX has a 1.38% expense ratio, which is higher than RTXAX's 1.33% expense ratio.

APFDX

Artisan Global Discovery Fund

RTXAX

Russell Investment Tax-Managed Real Assets Fund

Return for Risk

APFDX vs. RTXAX — Risk / Return Rank

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

APFDX

APFDX Risk / Return Rank: 11
APFDX Sharpe Ratio Rank: 11
APFDX Sortino Ratio Rank: 11
APFDX Omega Ratio Rank: 10
APFDX Calmar Ratio Rank: 10
APFDX Martin Ratio Rank: 11

RTXAX

RTXAX Risk / Return Rank: 85
RTXAX Sharpe Ratio Rank: 86
RTXAX Sortino Ratio Rank: 85
RTXAX Omega Ratio Rank: 84
RTXAX Calmar Ratio Rank: 79
RTXAX Martin Ratio Rank: 92

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.

APFDX vs. RTXAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Artisan Global Discovery Fund (APFDX) and Russell Investment Tax-Managed Real Assets Fund (RTXAX). 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.

	APFDX	RTXAX	Difference
Sharpe ratio Return per unit of total volatility	0.27	1.69	-1.42
Sortino ratio Return per unit of downside risk	0.49	2.24	-1.75
Omega ratio Gain probability vs. loss probability	1.06	1.35	-0.28
Calmar ratio Return relative to maximum drawdown	0.21	1.89	-1.67
Martin ratio Return relative to average drawdown	0.82	10.79	-9.97
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

APFDX vs. RTXAX - Sharpe Ratio Comparison

The current APFDX Sharpe Ratio is 0.27, which is lower than the RTXAX Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of APFDX and RTXAX, 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

	APFDX	RTXAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.27	1.69	-1.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.13	0.47	-0.34
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.40	+0.11

Correlation

The correlation between APFDX and RTXAX is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

APFDX vs. RTXAX - Dividend Comparison

APFDX's dividend yield for the trailing twelve months is around 21.60%, more than RTXAX's 2.57% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
APFDX Artisan Global Discovery Fund	21.60%	19.63%	0.87%	0.00%	0.00%	7.91%	1.88%	0.00%	0.51%	0.62%
RTXAX Russell Investment Tax-Managed Real Assets Fund	2.57%	2.86%	2.05%	1.98%	3.11%	1.74%	1.71%	0.84%	0.00%	0.00%

Drawdowns

APFDX vs. RTXAX - Drawdown Comparison

The maximum APFDX drawdown since its inception was -40.83%, roughly equal to the maximum RTXAX drawdown of -40.68%. Use the drawdown chart below to compare losses from any high point for APFDX and RTXAX.

Drawdown Indicators

	APFDX	RTXAX	Difference
Max Drawdown Largest peak-to-trough decline	-40.83%	-40.68%	-0.15%
Max Drawdown (1Y) Largest decline over 1 year	-13.18%	-13.11%	-0.07%
Max Drawdown (5Y) Largest decline over 5 years	-40.83%	-24.63%	-16.20%
Current Drawdown Current decline from peak	-13.18%	-3.32%	-9.86%
Average Drawdown Average peak-to-trough decline	-10.88%	-7.96%	-2.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.47%	2.29%	+1.18%

Volatility

APFDX vs. RTXAX - Volatility Comparison

Artisan Global Discovery Fund (APFDX) has a higher volatility of 6.63% compared to Russell Investment Tax-Managed Real Assets Fund (RTXAX) at 4.12%. This indicates that APFDX's price experiences larger fluctuations and is considered to be riskier than RTXAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	APFDX	RTXAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.63%	4.12%	+2.51%
Volatility (6M) Calculated over the trailing 6-month period	11.73%	8.24%	+3.49%
Volatility (1Y) Calculated over the trailing 1-year period	18.04%	15.04%	+3.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.32%	15.85%	+4.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.43%	20.26%	+0.17%