APFPX vs. QFITX
APFPX (Artisan Global Unconstrained Fund) and QFITX (Quantified Tactical Fixed Income Fund) are both Nontraditional Bonds funds. Over the past 3 years, APFPX returned 9.18%/yr vs -6.12%/yr for QFITX. At a correlation of -0.19, they often move in opposite directions. APFPX charges 1.54%/yr vs 1.56%/yr for QFITX.
Performance
APFPX vs. QFITX - Performance Comparison
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Returns By Period
In the year-to-date period, APFPX achieves a 4.18% return, which is significantly higher than QFITX's -4.59% return.
APFPX
- 1D
- 0.00%
- 1M
- 0.20%
- YTD
- 4.18%
- 6M
- 4.50%
- 1Y
- 11.68%
- 3Y*
- 9.18%
- 5Y*
- —
- 10Y*
- —
QFITX
- 1D
- 0.00%
- 1M
- -0.51%
- YTD
- -4.59%
- 6M
- -4.52%
- 1Y
- -7.20%
- 3Y*
- -6.12%
- 5Y*
- -1.30%
- 10Y*
- —
APFPX vs. QFITX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
APFPX Artisan Global Unconstrained Fund | 4.18% | 10.21% | 11.33% | 6.67% | 6.73% |
QFITX Quantified Tactical Fixed Income Fund | -4.59% | -7.64% | -1.03% | -6.54% | -12.61% |
Correlation
The correlation between APFPX and QFITX is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.19 |
Correlation (All Time) Calculated using the full available price history since May 17, 2022 | -0.19 |
The correlation between APFPX and QFITX shifts across timeframes, from -0.19 (3 years) to -0.08 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
APFPX vs. QFITX — Risk / Return Rank
APFPX
QFITX
APFPX vs. QFITX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Artisan Global Unconstrained Fund (APFPX) and Quantified Tactical Fixed Income Fund (QFITX). 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 | QFITX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +5.81 | ||
| Sortino ratioReturn per unit of downside risk | +8.38 | ||
| Omega ratioGain probability vs. loss probability | 2.17 | 0.81 | +1.35 |
| Calmar ratioReturn relative to maximum drawdown | 13.00 | -0.71 | +13.71 |
| Martin ratioReturn relative to average drawdown | 56.32 | -1.46 | +57.78 |
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Drawdowns
APFPX vs. QFITX - Drawdown Comparison
The maximum APFPX drawdown since its inception was -2.10%, smaller than the maximum QFITX drawdown of -38.03%. Use the drawdown chart below to compare losses from any high point for APFPX and QFITX.
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Drawdown Indicators
| APFPX | QFITX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.10% | -38.03% | +35.93% |
Max Drawdown (1Y)Largest decline over 1 year | -0.90% | -8.67% | +7.77% |
Max Drawdown (3Y)Largest decline over 3 years | -2.02% | -20.64% | +18.62% |
Max Drawdown (5Y)Largest decline over 5 years | — | -38.03% | — |
Current DrawdownCurrent decline from peak | -0.16% | -37.67% | +37.51% |
Average DrawdownAverage peak-to-trough decline | -0.25% | -19.36% | +19.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.21% | 4.18% | -3.97% |
Volatility
APFPX vs. QFITX - Volatility Comparison
The current volatility for Artisan Global Unconstrained Fund (APFPX) is 0.54%, while Quantified Tactical Fixed Income Fund (QFITX) has a volatility of 1.10%. This indicates that APFPX experiences smaller price fluctuations and is considered to be less risky than QFITX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| APFPX | QFITX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.54% | 1.10% | -0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 2.12% | 4.18% | -2.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.49% | 5.45% | -2.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.74% | 21.20% | -18.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.74% | 20.20% | -17.46% |
APFPX vs. QFITX - Expense Ratio Comparison
APFPX has a 1.54% expense ratio, which is lower than QFITX's 1.56% expense ratio.
Dividends
APFPX vs. QFITX - Dividend Comparison
APFPX's dividend yield for the trailing twelve months is around 4.58%, less than QFITX's 16.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
APFPX Artisan Global Unconstrained Fund | 4.58% | 4.01% | 6.18% | 6.89% | 8.60% | 0.00% | 0.00% | 0.00% |
QFITX Quantified Tactical Fixed Income Fund | 16.08% | 12.72% | 3.70% | 0.08% | 0.15% | 29.15% | 2.12% | 4.28% |
Frequently Asked Questions
APFPX and QFITX have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QFITX has higher volatility (1.10%) compared to APFPX (0.54%). In terms of maximum drawdown, APFPX dropped -2.10% vs QFITX's -38.03%.
APFPX currently has the higher Sharpe Ratio (4.69 vs -1.13), 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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