APFPX vs. ARTKX

Last updated Aug 4, 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 9.14%/yr vs 16.64%/yr for ARTKX. Their -0.13 correlation means they have often moved in opposite directions in the past. 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.

Returns By Period

In the year-to-date period, APFPX achieves a 5.11% return, which is significantly lower than ARTKX's 15.06% return.

APFPX

• 1D: -0.09%
• 1M: 0.79%
• 6M: 3.18%
• YTD: 5.11%
• 1Y: 11.25%
• 3Y*: 9.14%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 9.56%

ARTKX

• 1D: -0.57%
• 1M: 1.42%
• 6M: 11.38%
• YTD: 15.06%
• 1Y: 26.31%
• 3Y*: 16.64%
• 5Y*: 11.62%
• 10Y*: 11.26%
• ALL TIME*: 12.17%

*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)
APFPX Artisan Global Unconstrained Fund	$0.00	$0.00	$0.00
ARTKX Artisan International Value Fund	$0.00	$0.00	$0.00

APFPX vs. ARTKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
APFPX Artisan Global Unconstrained Fund	5.11%	10.21%	11.33%	6.67%	6.73%
ARTKX Artisan International Value Fund	15.06%	22.54%	6.38%	22.65%	2.21%

Correlation

The correlation between APFPX and ARTKX is -0.18, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.18
Correlation (3Y) Balances recent behavior with more history.	-0.18
Correlation (All Time) Calculated using the full available price history since May 17, 2022	-0.13

Return for Risk

APFPX vs. ARTKX — Risk / Return Rank

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

APFPX

APFPX Risk / Return Rank: 99
APFPX Sharpe Ratio Rank: 99
APFPX Sortino Ratio Rank: 99
APFPX Omega Ratio Rank: 98
APFPX Calmar Ratio Rank: 99
APFPX Martin Ratio Rank: 99

ARTKX

ARTKX Risk / Return Rank: 76
ARTKX Sharpe Ratio Rank: 77
ARTKX Sortino Ratio Rank: 78
ARTKX Omega Ratio Rank: 80
ARTKX Calmar Ratio Rank: 78
ARTKX Martin Ratio Rank: 67

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.

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.

	APFPX	ARTKX	Difference
Sharpe ratio: Return per unit of total volatility	4.54	1.87	+2.67
Sortino ratio: Return per unit of downside risk	6.55	2.74	+3.81
Omega ratio: Gain probability vs. loss probability	2.13	1.37	+0.75
Calmar ratio: Return relative to maximum drawdown	12.64	2.64	+10.00
Martin ratio: Return relative to average drawdown	51.39	8.91	+42.48

APFPX vs. ARTKX - Sharpe Ratio Comparison

The current APFPX Sharpe Ratio is 4.54, which is higher than the ARTKX Sharpe Ratio of 1.87. 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.

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.

Drawdown Indicators

	APFPX	ARTKX	Difference
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	-0.38%	-0.57%	+0.19%
Average Drawdown Average peak-to-trough decline	-0.24%	-6.68%	+6.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.22%	2.94%	-2.72%

Volatility

APFPX vs. ARTKX - Volatility Comparison

The current volatility for Artisan Global Unconstrained Fund (APFPX) is 0.52%, while Artisan International Value Fund (ARTKX) has a volatility of 3.31%. 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.

Volatility by Period

	APFPX	ARTKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.52%	3.31%	-2.79%
Volatility (6M) Calculated over the trailing 6-month period	2.11%	10.30%	-8.19%
Volatility (1Y) Calculated over the trailing 1-year period	2.51%	14.11%	-11.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.73%	13.97%	-11.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.73%	15.88%	-13.15%

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 4.63%, less than ARTKX's 6.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
APFPX Artisan Global Unconstrained Fund	4.63%	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	6.09%	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

Can I hold both APFPX and ARTKX in my portfolio?

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.

Which is riskier, APFPX or ARTKX?

ARTKX has higher volatility (3.31%) compared to APFPX (0.52%). In terms of maximum drawdown, APFPX dropped -2.10% vs ARTKX's -51.90%.

Which has better risk-adjusted returns?

APFPX currently has the higher Sharpe Ratio (4.54 vs 1.87), 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.