APFWX vs. TOWFX
APFWX (Artisan Value Income Fund) and TOWFX (Towpath Focus Fund) are both Large Cap Value Equities funds. Over the past 3 years, APFWX returned 10.63%/yr vs 17.80%/yr for TOWFX. Their correlation of 0.82 suggests significant overlap in exposure. APFWX charges 1.20%/yr vs 1.11%/yr for TOWFX.
Performance
APFWX vs. TOWFX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, APFWX achieves a 5.56% return, which is significantly lower than TOWFX's 6.57% return.
APFWX
- 1D
- -0.17%
- 1M
- -1.61%
- YTD
- 5.56%
- 6M
- 4.53%
- 1Y
- 13.13%
- 3Y*
- 10.63%
- 5Y*
- —
- 10Y*
- —
TOWFX
- 1D
- -0.73%
- 1M
- -0.78%
- YTD
- 6.57%
- 6M
- 6.23%
- 1Y
- 23.14%
- 3Y*
- 17.80%
- 5Y*
- 11.79%
- 10Y*
- —
APFWX vs. TOWFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
APFWX Artisan Value Income Fund | 5.56% | 9.35% | 9.69% | 10.87% | -3.86% |
TOWFX Towpath Focus Fund | 6.57% | 23.51% | 13.22% | 12.33% | 1.82% |
Correlation
The correlation between APFWX and TOWFX is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since May 16, 2022 | 0.82 |
The correlation between APFWX and TOWFX shifts across timeframes, from 0.68 (1 year) to 0.82 (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
APFWX vs. TOWFX — Risk / Return Rank
APFWX
TOWFX
APFWX vs. TOWFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Artisan Value Income Fund (APFWX) and Towpath Focus Fund (TOWFX). 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.
| APFWX | TOWFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.22 | ||
| Sortino ratioReturn per unit of downside risk | -1.76 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.44 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 4.87 | -3.20 |
| Martin ratioReturn relative to average drawdown | 5.63 | 18.34 | -12.71 |
Loading charts...
Drawdowns
APFWX vs. TOWFX - Drawdown Comparison
The maximum APFWX drawdown since its inception was -16.00%, smaller than the maximum TOWFX drawdown of -96.18%. Use the drawdown chart below to compare losses from any high point for APFWX and TOWFX.
Loading charts...
Drawdown Indicators
| APFWX | TOWFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.00% | -96.18% | +80.18% |
Max Drawdown (1Y)Largest decline over 1 year | -8.01% | -4.72% | -3.29% |
Max Drawdown (3Y)Largest decline over 3 years | -14.65% | -96.18% | +81.53% |
Max Drawdown (5Y)Largest decline over 5 years | — | -96.18% | — |
Current DrawdownCurrent decline from peak | -2.37% | -94.73% | +92.36% |
Average DrawdownAverage peak-to-trough decline | -3.69% | -23.54% | +19.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.36% | 1.25% | +1.11% |
Volatility
APFWX vs. TOWFX - Volatility Comparison
Artisan Value Income Fund (APFWX) and Towpath Focus Fund (TOWFX) have volatilities of 2.92% and 2.87%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| APFWX | TOWFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.92% | 2.87% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 7.36% | 6.92% | +0.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.44% | 9.17% | +1.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.58% | 1,041.55% | -1,027.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.58% | 916.63% | -903.05% |
APFWX vs. TOWFX - Expense Ratio Comparison
APFWX has a 1.20% expense ratio, which is higher than TOWFX's 1.11% expense ratio.
Dividends
APFWX vs. TOWFX - Dividend Comparison
APFWX's dividend yield for the trailing twelve months is around 2.07%, more than TOWFX's 1.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
APFWX Artisan Value Income Fund | 2.07% | 1.61% | 2.38% | 2.62% | 2.10% | 0.00% | 0.00% |
TOWFX Towpath Focus Fund | 1.71% | 1.82% | 1.49% | 2.81% | 2.05% | 5.69% | 5.94% |
Frequently Asked Questions
APFWX and TOWFX have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
APFWX has higher volatility (2.92%) compared to TOWFX (2.87%). In terms of maximum drawdown, APFWX dropped -16.00% vs TOWFX's -96.18%.
TOWFX currently has the higher Sharpe Ratio (2.50 vs 1.28), 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 APFWX and TOWFX
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