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APFPX vs. ARTKX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

APFPX vs. ARTKX

Last updated Jun 24, 2026

APFPX (Artisan Global Unconstrained Fund) and ARTKX (Artisan International Value Fund) are both mutual funds - APFPX is a Nontraditional Bonds fund managed by Artisan, while ARTKX is a Foreign Large Cap Equities fund managed by Artisan. Over the past 3 years, APFPX returned 9.18%/yr vs 16.28%/yr for ARTKX. At a correlation of -0.13, they often move in opposite directions. APFPX charges 1.54%/yr vs 1.25%/yr for ARTKX.

Performance

APFPX vs. ARTKX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Artisan Global Unconstrained Fund (APFPX) and Artisan International Value Fund (ARTKX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, APFPX achieves a 4.18% return, which is significantly lower than ARTKX's 10.70% return.

APFPX

1D
0.09%
1M
0.20%
YTD
4.18%
6M
4.50%
1Y
11.57%
3Y*
9.18%
5Y*
—
10Y*
—

ARTKX

1D
-0.45%
1M
2.40%
YTD
10.70%
6M
11.03%
1Y
23.69%
3Y*
16.28%
5Y*
10.79%
10Y*
11.34%
*Multi-year figures are annualized to reflect compound growth (CAGR)

APFPX vs. ARTKX - Yearly Performance Comparison

2026 (YTD)2025202420232022
APFPX
Artisan Global Unconstrained Fund		4.18%10.21%11.33%6.67%6.73%
ARTKX
Artisan International Value Fund		10.70%22.54%6.38%22.65%2.21%

Correlation

The correlation between APFPX and ARTKX is -0.18, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.18

Correlation (3Y)
Calculated over the trailing 3-year period

-0.18

Correlation (All Time)
Calculated using the full available price history since May 17, 2022

-0.13

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Artisan Global Unconstrained Fund

Artisan International Value Fund

Often compared with APFPX:
APFPX vs. RPIDXAPFPX vs. APFDXAPFPX vs. AFLIXAPFPX vs. DCAIXAPFPX vs. GMODXAPFPX vs. MWCIXAPFPX vs. FBND
Often compared with ARTKX:
ARTKX vs. MWEBXARTKX vs. WCMIXARTKX vs. MXINXARTKX vs. SSHQXARTKX vs. FPBFXARTKX vs. MDIJXARTKX vs. PWJZX

Return for Risk

APFPX vs. ARTKX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
APFPX
APFPX Risk / Return Rank: 9999
Overall Rank
APFPX Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
APFPX Sortino Ratio Rank: 9898
Sortino Ratio Rank
APFPX Omega Ratio Rank: 9898
Omega Ratio Rank
APFPX Calmar Ratio Rank: 9999
Calmar Ratio Rank
APFPX Martin Ratio Rank: 9999
Martin Ratio Rank
ARTKX
ARTKX Risk / Return Rank: 4444
Overall Rank
ARTKX Sharpe Ratio Rank: 4242
Sharpe Ratio Rank
ARTKX Sortino Ratio Rank: 4343
Sortino Ratio Rank
ARTKX Omega Ratio Rank: 4949
Omega Ratio Rank
ARTKX Calmar Ratio Rank: 4444
Calmar Ratio Rank
ARTKX Martin Ratio Rank: 4040
Martin Ratio Rank
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.

APFPX vs. ARTKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Artisan Global Unconstrained Fund (APFPX) and Artisan International Value Fund (ARTKX). 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.

APFPXARTKXDifference
Sharpe ratioReturn per unit of total volatility
4.69
1.74

+2.94

Sortino ratioReturn per unit of downside risk
6.88
2.55

+4.34

Omega ratioGain probability vs. loss probability

2.17

1.35

+0.81

Calmar ratioReturn relative to maximum drawdown

13.00

2.43

+10.57

Martin ratioReturn relative to average drawdown

56.36

8.20

+48.16

APFPX vs. ARTKX - Sharpe Ratio Comparison

The current APFPX Sharpe Ratio is 4.69, which is higher than the ARTKX Sharpe Ratio of 1.74. The chart below compares the historical Sharpe Ratios of APFPX and ARTKX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

APFPX vs. ARTKX - Drawdown Comparison

The maximum APFPX drawdown since its inception was -2.10%, smaller than the maximum ARTKX drawdown of -51.90%. Use the drawdown chart below to compare losses from any high point for APFPX and ARTKX.

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Drawdown Indicators

APFPXARTKXDifference

Max Drawdown

Largest peak-to-trough decline

-2.10%

-51.90%

+49.80%

Max Drawdown (1Y)

Largest decline over 1 year

-0.90%

-9.96%

+9.06%

Max Drawdown (3Y)

Largest decline over 3 years

-2.02%

-10.88%

+8.86%

Max Drawdown (5Y)

Largest decline over 5 years

—

-24.95%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-38.11%

—

Current Drawdown

Current decline from peak

-0.16%

-0.67%

+0.51%

Average Drawdown

Average peak-to-trough decline

-0.25%

-6.71%

+6.46%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.21%

2.94%

-2.73%

Volatility

APFPX vs. ARTKX - Volatility Comparison

The current volatility for Artisan Global Unconstrained Fund (APFPX) is 0.54%, while Artisan International Value Fund (ARTKX) has a volatility of 3.94%. This indicates that APFPX experiences smaller price fluctuations and is considered to be less risky than ARTKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

APFPXARTKXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.54%

3.94%

-3.40%

Volatility (6M)

Calculated over the trailing 6-month period

2.12%

10.06%

-7.94%

Volatility (1Y)

Calculated over the trailing 1-year period

2.50%

13.95%

-11.45%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

2.75%

14.00%

-11.25%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

2.75%

16.14%

-13.39%

APFPX vs. ARTKX - Expense Ratio Comparison

APFPX has a 1.54% expense ratio, which is higher than ARTKX's 1.25% expense ratio.

Dividends

APFPX vs. ARTKX - Dividend Comparison

APFPX's dividend yield for the trailing twelve months is around 4.58%, less than ARTKX's 6.25% yield.

PositionTTM20252024202320222021202020192018201720162015
APFPX
Artisan Global Unconstrained Fund		4.58%4.01%6.18%6.89%8.60%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
ARTKX
Artisan International Value Fund		6.25%6.90%4.10%2.84%2.11%9.72%0.84%3.64%5.37%3.89%3.11%6.17%

Frequently Asked Questions

APFPX and ARTKX have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ARTKX has higher volatility (3.94%) compared to APFPX (0.54%). In terms of maximum drawdown, APFPX dropped -2.10% vs ARTKX's -51.90%.

APFPX currently has the higher Sharpe Ratio (4.69 vs 1.74), 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.

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