APFPX vs. FLOT
APFPX (Artisan Global Unconstrained Fund) and FLOT (iShares Floating Rate Bond ETF) are both funds - APFPX is a Nontraditional Bonds fund managed by Artisan, while FLOT is a Ultrashort Bond fund tracking the Bloomberg US Floating Rate Note < 5 Years Index. Over the past 3 years, APFPX returned 9.28%/yr vs 5.50%/yr for FLOT. Their -0.07 correlation means they have often moved in opposite directions in the past. APFPX charges 1.54%/yr vs 0.15%/yr for FLOT.
Performance
APFPX vs. FLOT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, APFPX achieves a 5.21% return, which is significantly higher than FLOT's 2.47% return.
APFPX
- 1D
- -0.02%
- 1M
- 1.06%
- 6M
- 3.18%
- YTD
- 5.21%
- 1Y
- 11.35%
- 3Y*
- 9.28%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 9.59%
FLOT
- 1D
- -0.02%
- 1M
- 0.29%
- 6M
- 2.11%
- YTD
- 2.47%
- 1Y
- 4.61%
- 3Y*
- 5.50%
- 5Y*
- 4.31%
- 10Y*
- 3.07%
- ALL TIME*
- 2.31%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $94.03M | $97.06M | $92.58M |
APFPX vs. FLOT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
APFPX Artisan Global Unconstrained Fund | 5.21% | 10.21% | 11.33% | 6.67% | 6.73% |
FLOT iShares Floating Rate Bond ETF | 2.47% | 4.91% | 6.53% | 6.43% | 1.66% |
Correlation
The correlation between APFPX and FLOT is -0.19, 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. | -0.19 |
Correlation (3Y) Balances recent behavior with more history. | -0.10 |
Correlation (All Time) Calculated using the full available price history since May 17, 2022 | -0.07 |
The correlation between APFPX and FLOT shifts across timeframes, from -0.19 (1 year) to -0.07 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
APFPX vs. FLOT — Risk / Return Rank
APFPX
FLOT
APFPX vs. FLOT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Artisan Global Unconstrained Fund (APFPX) and iShares Floating Rate Bond ETF (FLOT). 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 | FLOT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.42 | ||
| Sortino ratioReturn per unit of downside risk | -4.31 | ||
| Omega ratioGain probability vs. loss probability | 2.18 | 3.02 | -0.84 |
| Calmar ratioReturn relative to maximum drawdown | 13.11 | 10.73 | +2.38 |
| Martin ratioReturn relative to average drawdown | 53.64 | 98.80 | -45.17 |
Loading charts...
Drawdowns
APFPX vs. FLOT - Drawdown Comparison
The maximum APFPX drawdown since its inception was -2.10%, smaller than the maximum FLOT drawdown of -13.54%. Use the drawdown chart below to compare losses from any high point for APFPX and FLOT.
Loading charts...
Drawdown Indicators
| APFPX | FLOT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.10% | -13.54% | +11.44% |
Max Drawdown (1Y)Largest decline over 1 year | -0.90% | -0.43% | -0.47% |
Max Drawdown (3Y)Largest decline over 3 years | -2.02% | -1.57% | -0.45% |
Max Drawdown (5Y)Largest decline over 5 years | — | -2.36% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -13.54% | — |
Current DrawdownCurrent decline from peak | -0.29% | -0.02% | -0.27% |
Average DrawdownAverage peak-to-trough decline | -0.24% | -0.21% | -0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.22% | 0.05% | +0.17% |
Volatility
APFPX vs. FLOT - Volatility Comparison
Artisan Global Unconstrained Fund (APFPX) has a higher volatility of 0.51% compared to iShares Floating Rate Bond ETF (FLOT) at 0.19%. This indicates that APFPX's price experiences larger fluctuations and is considered to be riskier than FLOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| APFPX | FLOT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.51% | 0.19% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 2.10% | 0.65% | +1.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.51% | 0.76% | +1.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.73% | 1.78% | +0.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.73% | 4.15% | -1.42% |
APFPX vs. FLOT - Expense Ratio Comparison
APFPX has a 1.54% expense ratio, which is higher than FLOT's 0.15% expense ratio.
Dividends
APFPX vs. FLOT - Dividend Comparison
APFPX's dividend yield for the trailing twelve months is around 4.63%, more than FLOT's 4.46% 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% |
FLOT iShares Floating Rate Bond ETF | 4.46% | 4.84% | 5.82% | 5.66% | 2.06% | 0.43% | 1.25% | 2.78% | 2.41% | 1.46% | 0.97% | 0.53% |
Frequently Asked Questions
APFPX and FLOT have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
APFPX has higher volatility (0.51%) compared to FLOT (0.19%). In terms of maximum drawdown, APFPX dropped -2.10% vs FLOT's -13.54%.
FLOT currently has the higher Sharpe Ratio (6.11 vs 4.69), 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.
Find the right allocation for APFPX and FLOT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer