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APHFX vs. BRTR
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

APHFX vs. BRTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Artisan High Income Fund Class I (APHFX) and Blackrock Total Return ETF (BRTR). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, APHFX achieves a 0.87% return, which is significantly higher than BRTR's 0.63% return.


APHFX

1D
-0.11%
1M
0.72%
YTD
0.87%
6M
1.60%
1Y
5.35%
3Y*
8.91%
5Y*
3.71%
10Y*

BRTR

1D
0.09%
1M
0.76%
YTD
0.63%
6M
0.70%
1Y
5.09%
3Y*
5Y*
10Y*
*Multi-year figures are annualized to reflect compound growth (CAGR)

APHFX vs. BRTR - Yearly Performance Comparison


2026 (YTD)202520242023
APHFX
Artisan High Income Fund Class I
0.87%8.43%8.60%2.60%
BRTR
Blackrock Total Return ETF
0.63%8.11%1.29%0.68%

Correlation

The correlation between APHFX and BRTR is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.


Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.49

Correlation (All Time)
Calculated using the full available price history since Dec 14, 2023

0.40

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Return for Risk

APHFX vs. BRTR — Risk / Return Rank

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

APHFX
APHFX Risk / Return Rank: 5757
Overall Rank
APHFX Sharpe Ratio Rank: 4646
Sharpe Ratio Rank
APHFX Sortino Ratio Rank: 8181
Sortino Ratio Rank
APHFX Omega Ratio Rank: 7777
Omega Ratio Rank
APHFX Calmar Ratio Rank: 3333
Calmar Ratio Rank
APHFX Martin Ratio Rank: 4747
Martin Ratio Rank

BRTR
BRTR Risk / Return Rank: 3737
Overall Rank
BRTR Sharpe Ratio Rank: 4141
Sharpe Ratio Rank
BRTR Sortino Ratio Rank: 4242
Sortino Ratio Rank
BRTR Omega Ratio Rank: 3939
Omega Ratio Rank
BRTR Calmar Ratio Rank: 3333
Calmar Ratio Rank
BRTR Martin Ratio Rank: 3232
Martin Ratio Rank
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.

APHFX vs. BRTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Artisan High Income Fund Class I (APHFX) and Blackrock Total Return 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.


APHFXBRTRDifference
Sharpe ratioReturn per unit of total volatility

+0.44

Sortino ratioReturn per unit of downside risk

+1.50

Omega ratioGain probability vs. loss probability

1.46

1.25

+0.21

Calmar ratioReturn relative to maximum drawdown

2.06

1.57

+0.49

Martin ratioReturn relative to average drawdown

9.25

4.49

+4.76

APHFX vs. BRTR - Sharpe Ratio Comparison

The current APHFX Sharpe Ratio is 1.84, which is higher than the BRTR Sharpe Ratio of 1.40. The chart below compares the historical Sharpe Ratios of APHFX and BRTR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Drawdowns

APHFX vs. BRTR - Drawdown Comparison

The maximum APHFX drawdown since its inception was -21.51%, which is greater than BRTR's maximum drawdown of -5.07%. Use the drawdown chart below to compare losses from any high point for APHFX and BRTR.


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Drawdown Indicators


APHFXBRTRDifference

Max Drawdown

Largest peak-to-trough decline

-21.51%

-5.07%

-16.44%

Max Drawdown (1Y)

Largest decline over 1 year

-2.74%

-3.26%

+0.52%

Max Drawdown (3Y)

Largest decline over 3 years

-3.29%

Max Drawdown (5Y)

Largest decline over 5 years

-14.80%

Current Drawdown

Current decline from peak

-0.22%

-1.46%

+1.24%

Average Drawdown

Average peak-to-trough decline

-2.49%

-1.36%

-1.13%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.61%

1.13%

-0.52%

Volatility

APHFX vs. BRTR - Volatility Comparison

The current volatility for Artisan High Income Fund Class I (APHFX) is 0.80%, while Blackrock Total Return ETF (BRTR) has a volatility of 0.98%. This indicates that APHFX experiences smaller price fluctuations and is considered to be less risky 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


APHFXBRTRDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.80%

0.98%

-0.18%

Volatility (6M)

Calculated over the trailing 6-month period

2.42%

2.83%

-0.41%

Volatility (1Y)

Calculated over the trailing 1-year period

3.06%

3.64%

-0.58%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

4.91%

4.67%

+0.24%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

5.30%

4.67%

+0.63%

APHFX vs. BRTR - Expense Ratio Comparison

APHFX has a 0.71% expense ratio, which is higher than BRTR's 0.38% expense ratio.


Dividends

APHFX vs. BRTR - Dividend Comparison

APHFX's dividend yield for the trailing twelve months is around 7.17%, more than BRTR's 4.72% yield.


PositionTTM202520242023202220212020201920182017
APHFX
Artisan High Income Fund Class I
7.17%6.96%7.39%5.56%5.83%5.50%6.01%6.44%7.25%7.96%
BRTR
Blackrock Total Return ETF
4.72%4.86%5.58%0.22%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions


APHFX and BRTR have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

BRTR has higher volatility (0.98%) compared to APHFX (0.80%). In terms of maximum drawdown, APHFX dropped -21.51% vs BRTR's -5.07%.

APHFX currently has the higher Sharpe Ratio (1.84 vs 1.40), 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.

Portfolio Optimizer

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