APFWX vs. PXTIX

Last updated Jun 4, 2026

APFWX (Artisan Value Income Fund) and PXTIX (PIMCO RAE PLUS Fund) are both Large Cap Value Equities funds. Over the past 3 years, APFWX returned 11.76%/yr vs 26.33%/yr for PXTIX. Their correlation of 0.84 suggests significant overlap in exposure. APFWX charges 1.20%/yr vs 0.80%/yr for PXTIX.

Performance

APFWX vs. PXTIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Artisan Value Income Fund (APFWX) and PIMCO RAE PLUS Fund (PXTIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, APFWX achieves a 6.11% return, which is significantly lower than PXTIX's 20.74% return.

APFWX

• 1D: 0.52%
• 1M: 0.52%
• YTD: 6.11%
• 6M: 6.02%
• 1Y: 14.36%
• 3Y*: 11.76%
• 5Y*: —
• 10Y*: —

PXTIX

• 1D: 0.66%
• 1M: 6.88%
• YTD: 20.74%
• 6M: 19.51%
• 1Y: 42.47%
• 3Y*: 26.33%
• 5Y*: 13.87%
• 10Y*: 14.50%

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

APFWX vs. PXTIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
APFWX Artisan Value Income Fund	6.11%	9.35%	9.69%	10.87%	-3.86%
PXTIX PIMCO RAE PLUS Fund	20.74%	20.59%	17.25%	18.55%	-2.65%

Correlation

The correlation between APFWX and PXTIX is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (All Time) Calculated using the full available price history since May 17, 2022	0.84

The correlation between APFWX and PXTIX has been stable across timeframes, ranging from 0.80 to 0.84 - a consistent structural relationship.

Return for Risk

APFWX vs. PXTIX — Risk / Return Rank

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

APFWX

APFWX Risk / Return Rank: 25
APFWX Sharpe Ratio Rank: 26
APFWX Sortino Ratio Rank: 26
APFWX Omega Ratio Rank: 23
APFWX Calmar Ratio Rank: 25
APFWX Martin Ratio Rank: 26

PXTIX

PXTIX Risk / Return Rank: 93
PXTIX Sharpe Ratio Rank: 95
PXTIX Sortino Ratio Rank: 92
PXTIX Omega Ratio Rank: 87
PXTIX Calmar Ratio Rank: 97
PXTIX Martin Ratio Rank: 96

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.

APFWX vs. PXTIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Artisan Value Income Fund (APFWX) and PIMCO RAE PLUS Fund (PXTIX). 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.

	APFWX	PXTIX	Difference
Sharpe ratio: Return per unit of total volatility	1.45	3.39	-1.93
Sortino ratio: Return per unit of downside risk	2.15	4.64	-2.49
Omega ratio: Gain probability vs. loss probability	1.25	1.60	-0.34
Calmar ratio: Return relative to maximum drawdown	1.88	7.05	-5.17
Martin ratio: Return relative to average drawdown	6.41	24.20	-17.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

APFWX vs. PXTIX - Sharpe Ratio Comparison

The current APFWX Sharpe Ratio is 1.45, which is lower than the PXTIX Sharpe Ratio of 3.39. The chart below compares the historical Sharpe Ratios of APFWX and PXTIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	APFWX	PXTIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.45	3.39	-1.93
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.80	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.75	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.63	-0.05

Drawdowns

APFWX vs. PXTIX - Drawdown Comparison

The maximum APFWX drawdown since its inception was -16.00%, smaller than the maximum PXTIX drawdown of -59.22%. Use the drawdown chart below to compare losses from any high point for APFWX and PXTIX.

Drawdown Indicators

	APFWX	PXTIX	Difference
Max Drawdown Largest peak-to-trough decline	-16.00%	-59.22%	+43.22%
Max Drawdown (1Y) Largest decline over 1 year	-8.01%	-6.30%	-1.71%
Max Drawdown (3Y) Largest decline over 3 years	-14.65%	-19.08%	+4.43%
Max Drawdown (5Y) Largest decline over 5 years	—	-22.90%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-44.16%	—
Current Drawdown Current decline from peak	-1.87%	0.00%	-1.87%
Average Drawdown Average peak-to-trough decline	-3.72%	-6.13%	+2.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.34%	1.83%	+0.51%

Volatility

APFWX vs. PXTIX - Volatility Comparison

The current volatility for Artisan Value Income Fund (APFWX) is 2.51%, while PIMCO RAE PLUS Fund (PXTIX) has a volatility of 3.05%. This indicates that APFWX experiences smaller price fluctuations and is considered to be less risky than PXTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	APFWX	PXTIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.51%	3.05%	-0.54%
Volatility (6M) Calculated over the trailing 6-month period	7.19%	9.28%	-2.09%
Volatility (1Y) Calculated over the trailing 1-year period	10.34%	13.10%	-2.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.61%	17.46%	-3.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.61%	19.37%	-5.76%

APFWX vs. PXTIX - Expense Ratio Comparison

APFWX has a 1.20% expense ratio, which is higher than PXTIX's 0.80% expense ratio.

Dividends

APFWX vs. PXTIX - Dividend Comparison

APFWX's dividend yield for the trailing twelve months is around 2.06%, less than PXTIX's 4.90% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
APFWX Artisan Value Income Fund	2.06%	1.61%	2.38%	2.62%	2.10%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PXTIX PIMCO RAE PLUS Fund	4.90%	6.65%	12.78%	2.58%	19.25%	17.53%	7.42%	15.90%	14.04%	7.34%	0.00%	6.60%

Frequently Asked Questions

Can I hold both APFWX and PXTIX in my portfolio?

APFWX and PXTIX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, APFWX or PXTIX?

PXTIX has higher volatility (3.05%) compared to APFWX (2.51%). In terms of maximum drawdown, APFWX dropped -16.00% vs PXTIX's -59.22%.

Which has better risk-adjusted returns?

PXTIX currently has the higher Sharpe Ratio (3.39 vs 1.45), 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.