APHFX vs. BRHYX
APHFX (Artisan High Income Fund Class I) and BRHYX (BlackRock High Yield K) are both High Yield Bonds funds. Over the past 5 years, APHFX returned 3.63%/yr vs 4.12%/yr for BRHYX. Their correlation of 0.84 means they have usually moved in the same direction. APHFX charges 0.71%/yr vs 0.48%/yr for BRHYX.
Performance
APHFX vs. BRHYX - Performance Comparison
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Returns By Period
In the year-to-date period, APHFX achieves a 0.92% return, which is significantly lower than BRHYX's 1.22% return.
APHFX
- 1D
- 0.11%
- 1M
- -0.55%
- 6M
- 0.32%
- YTD
- 0.92%
- 1Y
- 3.79%
- 3Y*
- 7.86%
- 5Y*
- 3.63%
- 10Y*
- —
- ALL TIME*
- 5.67%
BRHYX
- 1D
- 0.14%
- 1M
- -0.84%
- 6M
- 0.79%
- YTD
- 1.22%
- 1Y
- 5.26%
- 3Y*
- 8.54%
- 5Y*
- 4.12%
- 10Y*
- 5.67%
- ALL TIME*
- 6.74%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
APHFX vs. BRHYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
APHFX Artisan High Income Fund Class I | 0.92% | 8.43% | 8.60% | 13.77% | -10.93% | 4.09% | 10.22% | 14.26% | -1.32% | 8.85% |
BRHYX BlackRock High Yield K | 1.22% | 9.44% | 8.65% | 13.26% | -11.18% | 5.47% | 5.98% | 15.65% | -2.67% | 8.34% |
Correlation
The correlation between APHFX and BRHYX is 0.85, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.85 |
Correlation (3Y) Balances recent behavior with more history. | 0.83 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.84 |
The correlation between APHFX and BRHYX has been stable across timeframes, ranging from 0.83 to 0.88 - a consistent structural relationship.
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Return for Risk
APHFX vs. BRHYX — Risk / Return Rank
APHFX
BRHYX
APHFX vs. BRHYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Artisan High Income Fund Class I (APHFX) and BlackRock High Yield K (BRHYX). 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.
| APHFX | BRHYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.35 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | 2.34 | -0.74 |
| Martin ratioReturn relative to average drawdown | 7.07 | 11.03 | -3.96 |
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Drawdowns
APHFX vs. BRHYX - Drawdown Comparison
The maximum APHFX drawdown since its inception was -21.51%, smaller than the maximum BRHYX drawdown of -34.77%. Use the drawdown chart below to compare losses from any high point for APHFX and BRHYX.
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Drawdown Indicators
| APHFX | BRHYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.51% | -34.77% | +13.26% |
Max Drawdown (1Y)Largest decline over 1 year | -2.74% | -2.40% | -0.34% |
Max Drawdown (3Y)Largest decline over 3 years | -3.29% | -4.07% | +0.78% |
Max Drawdown (5Y)Largest decline over 5 years | -14.80% | -15.29% | +0.49% |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.20% | — |
Current DrawdownCurrent decline from peak | -0.55% | -0.98% | +0.43% |
Average DrawdownAverage peak-to-trough decline | -2.46% | -2.72% | +0.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 0.51% | +0.10% |
Volatility
APHFX vs. BRHYX - Volatility Comparison
The current volatility for Artisan High Income Fund Class I (APHFX) is 0.47%, while BlackRock High Yield K (BRHYX) has a volatility of 0.71%. This indicates that APHFX experiences smaller price fluctuations and is considered to be less risky than BRHYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| APHFX | BRHYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.47% | 0.71% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 2.42% | 2.78% | -0.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.00% | 3.51% | -0.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.91% | 5.27% | -0.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.28% | 5.88% | -0.60% |
APHFX vs. BRHYX - Expense Ratio Comparison
APHFX has a 0.71% expense ratio, which is higher than BRHYX's 0.48% expense ratio.
Dividends
APHFX vs. BRHYX - Dividend Comparison
APHFX's dividend yield for the trailing twelve months is around 6.46%, less than BRHYX's 6.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
APHFX Artisan High Income Fund Class I | 6.46% | 6.96% | 7.39% | 5.56% | 5.83% | 5.50% | 6.01% | 6.44% | 7.25% | 7.96% | 0.00% | 0.00% |
BRHYX BlackRock High Yield K | 6.62% | 7.14% | 7.56% | 6.20% | 4.98% | 4.80% | 5.22% | 5.82% | 6.48% | 5.92% | 6.03% | 6.42% |
Frequently Asked Questions
APHFX and BRHYX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BRHYX has higher volatility (0.71%) compared to APHFX (0.47%). In terms of maximum drawdown, APHFX dropped -21.51% vs BRHYX's -34.77%.
BRHYX currently has the higher Sharpe Ratio (1.60 vs 1.46), 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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