APHEX vs. BRTR
APHEX (Artisan Sustainable Emerging Markets Fund) and BRTR (iShares Total Return Active ETF) are both funds - APHEX is a Emerging Markets Equities fund managed by Artisan, while BRTR is a Intermediate Core-Plus Bond fund actively managed by iShares. Over the past year, APHEX returned 33.74% vs 2.71% for BRTR. Their 0.17 correlation means their historical movements had little consistent relationship. APHEX charges 1.07%/yr vs 0.38%/yr for BRTR.
Performance
APHEX vs. BRTR - Performance Comparison
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Returns By Period
In the year-to-date period, APHEX achieves a 13.40% return, which is significantly higher than BRTR's -0.45% return.
APHEX
- 1D
- 3.13%
- 1M
- -2.88%
- 6M
- 2.86%
- YTD
- 13.40%
- 1Y
- 33.74%
- 3Y*
- 19.46%
- 5Y*
- 6.97%
- 10Y*
- 9.63%
- ALL TIME*
- 5.84%
BRTR
- 1D
- -0.25%
- 1M
- -1.25%
- 6M
- -0.97%
- YTD
- -0.45%
- 1Y
- 2.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.60%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $4.31M | $3.65M | $5.24M |
APHEX vs. BRTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
APHEX Artisan Sustainable Emerging Markets Fund | 13.40% | 42.86% | 7.10% | 4.19% |
BRTR iShares Total Return Active ETF | -0.45% | 8.11% | 1.29% | 0.68% |
Correlation
The correlation between APHEX and BRTR is 0.27, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.27 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2023 | 0.17 |
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Return for Risk
APHEX vs. BRTR — Risk / Return Rank
APHEX
BRTR
APHEX vs. BRTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Artisan Sustainable Emerging Markets Fund (APHEX) and iShares Total Return Active ETF (BRTR). 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.
| APHEX | BRTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.72 | ||
| Sortino ratioReturn per unit of downside risk | +0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.15 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.14 | 0.99 | +1.14 |
| Martin ratioReturn relative to average drawdown | 7.08 | 2.54 | +4.54 |
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Drawdowns
APHEX vs. BRTR - Drawdown Comparison
The maximum APHEX drawdown since its inception was -66.36%, which is greater than BRTR's maximum drawdown of -5.07%. Use the drawdown chart below to compare losses from any high point for APHEX and BRTR.
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Drawdown Indicators
| APHEX | BRTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.36% | -5.07% | -61.29% |
Max Drawdown (1Y)Largest decline over 1 year | -14.48% | -3.26% | -11.22% |
Max Drawdown (3Y)Largest decline over 3 years | -16.59% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -40.42% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -43.20% | — | — |
Current DrawdownCurrent decline from peak | -6.96% | -2.51% | -4.45% |
Average DrawdownAverage peak-to-trough decline | -21.70% | -1.37% | -20.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.35% | 1.27% | +3.08% |
Volatility
APHEX vs. BRTR - Volatility Comparison
Artisan Sustainable Emerging Markets Fund (APHEX) has a higher volatility of 6.74% compared to iShares Total Return Active ETF (BRTR) at 0.98%. This indicates that APHEX's price experiences larger fluctuations and is considered to be riskier than BRTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| APHEX | BRTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.74% | 0.98% | +5.76% |
Volatility (6M)Calculated over the trailing 6-month period | 16.71% | 2.96% | +13.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.32% | 3.69% | +15.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.79% | 4.63% | +13.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.22% | 4.63% | +13.59% |
APHEX vs. BRTR - Expense Ratio Comparison
APHEX has a 1.07% expense ratio, which is higher than BRTR's 0.38% expense ratio.
Dividends
APHEX vs. BRTR - Dividend Comparison
APHEX's dividend yield for the trailing twelve months is around 1.43%, less than BRTR's 4.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
APHEX Artisan Sustainable Emerging Markets Fund | 1.43% | 1.62% | 1.23% | 0.49% | 1.05% | 0.87% | 1.23% | 1.04% | 0.57% | 0.47% | 0.75% |
BRTR iShares Total Return Active ETF | 4.35% | 4.86% | 5.58% | 0.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
APHEX and BRTR have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
APHEX has higher volatility (6.74%) compared to BRTR (0.98%). In terms of maximum drawdown, APHEX dropped -66.36% vs BRTR's -5.07%.
APHEX currently has the higher Sharpe Ratio (1.60 vs 0.88), 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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