APHKX vs. ARTKX

Last updated Jun 4, 2026

APHKX (Artisan International Value Fund) and ARTKX (Artisan International Value Fund) are both Foreign Large Cap Equities funds from Artisan. Over the past 10 years, APHKX returned 10.96%/yr vs 10.70%/yr for ARTKX. With a 1.00 correlation, they move nearly in lockstep. APHKX charges 0.97%/yr vs 1.25%/yr for ARTKX.

Performance

APHKX vs. ARTKX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Artisan International Value Fund (APHKX) and Artisan International Value Fund (ARTKX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with APHKX having a 10.64% return and ARTKX slightly lower at 10.51%. Both investments have delivered pretty close results over the past 10 years, with APHKX having a 10.96% annualized return and ARTKX not far behind at 10.70%.

APHKX

• 1D: 0.59%
• 1M: 5.75%
• YTD: 10.64%
• 6M: 14.00%
• 1Y: 23.35%
• 3Y*: 16.96%
• 5Y*: 10.55%
• 10Y*: 10.96%

ARTKX

• 1D: 0.58%
• 1M: 5.72%
• YTD: 10.51%
• 6M: 13.83%
• 1Y: 23.03%
• 3Y*: 16.67%
• 5Y*: 10.28%
• 10Y*: 10.70%

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

APHKX vs. ARTKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
APHKX Artisan International Value Fund	10.64%	22.84%	6.64%	22.95%	-6.78%	16.94%	8.81%	24.22%	-15.48%	24.09%
ARTKX Artisan International Value Fund	10.51%	22.54%	6.38%	22.65%	-6.98%	16.66%	8.52%	23.98%	-15.70%	23.84%

Correlation

The correlation between APHKX and ARTKX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (10Y) Calculated over the trailing 10-year period	1.00
Correlation (All Time) Calculated using the full available price history since Oct 3, 2006	1.00

The correlation between APHKX and ARTKX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

Return for Risk

APHKX vs. ARTKX — Risk / Return Rank

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

APHKX

APHKX Risk / Return Rank: 37
APHKX Sharpe Ratio Rank: 35
APHKX Sortino Ratio Rank: 36
APHKX Omega Ratio Rank: 42
APHKX Calmar Ratio Rank: 38
APHKX Martin Ratio Rank: 35

ARTKX

ARTKX Risk / Return Rank: 36
ARTKX Sharpe Ratio Rank: 33
ARTKX Sortino Ratio Rank: 35
ARTKX Omega Ratio Rank: 41
ARTKX Calmar Ratio Rank: 37
ARTKX Martin Ratio Rank: 34

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.

APHKX vs. ARTKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Artisan International Value Fund (APHKX) and Artisan International Value Fund (ARTKX). 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.

	APHKX	ARTKX	Difference
Sharpe ratio Return per unit of total volatility	1.70	1.67	+0.03
Sortino ratio Return per unit of downside risk	2.50	2.46	+0.04
Omega ratio Gain probability vs. loss probability	1.35	1.34	+0.01
Calmar ratio Return relative to maximum drawdown	2.32	2.29	+0.03
Martin ratio Return relative to average drawdown	7.83	7.70	+0.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

APHKX vs. ARTKX - Sharpe Ratio Comparison

The current APHKX Sharpe Ratio is 1.70, which is comparable to the ARTKX Sharpe Ratio of 1.67. The chart below compares the historical Sharpe Ratios of APHKX and ARTKX, 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

	APHKX	ARTKX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.70	1.67	+0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.76	0.74	+0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.68	0.66	+0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.74	-0.30

Drawdowns

APHKX vs. ARTKX - Drawdown Comparison

The maximum APHKX drawdown since its inception was -56.33%, which is greater than ARTKX's maximum drawdown of -51.90%. Use the drawdown chart below to compare losses from any high point for APHKX and ARTKX.

Drawdown Indicators

	APHKX	ARTKX	Difference
Max Drawdown Largest peak-to-trough decline	-56.33%	-51.90%	-4.43%
Max Drawdown (1Y) Largest decline over 1 year	-9.96%	-9.96%	0.00%
Max Drawdown (3Y) Largest decline over 3 years	-10.87%	-10.88%	+0.01%
Max Drawdown (5Y) Largest decline over 5 years	-24.83%	-24.95%	+0.12%
Max Drawdown (10Y) Largest decline over 10 years	-38.07%	-38.11%	+0.04%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-9.10%	-6.73%	-2.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.94%	2.95%	-0.01%

Volatility

APHKX vs. ARTKX - Volatility Comparison

Artisan International Value Fund (APHKX) and Artisan International Value Fund (ARTKX) have volatilities of 4.36% and 4.38%, 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.

Volatility by Period

	APHKX	ARTKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.36%	4.38%	-0.02%
Volatility (6M) Calculated over the trailing 6-month period	10.61%	10.64%	-0.03%
Volatility (1Y) Calculated over the trailing 1-year period	13.59%	13.63%	-0.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.94%	13.95%	-0.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.16%	16.17%	-0.01%

APHKX vs. ARTKX - Expense Ratio Comparison

APHKX has a 0.97% expense ratio, which is lower than ARTKX's 1.25% expense ratio.

Dividends

APHKX vs. ARTKX - Dividend Comparison

APHKX's dividend yield for the trailing twelve months is around 6.45%, more than ARTKX's 6.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
APHKX Artisan International Value Fund	6.45%	7.10%	4.34%	3.10%	2.28%	10.00%	0.98%	3.92%	5.69%	4.15%	3.31%	6.40%
ARTKX Artisan International Value Fund	6.26%	6.90%	4.10%	2.84%	2.11%	9.72%	0.84%	3.64%	5.37%	3.89%	3.11%	6.17%

Frequently Asked Questions

Can I hold both APHKX and ARTKX in my portfolio?

With a correlation of 1.00, APHKX and ARTKX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, APHKX or ARTKX?

ARTKX has higher volatility (4.38%) compared to APHKX (4.36%). In terms of maximum drawdown, APHKX dropped -56.33% vs ARTKX's -51.90%.

Which has better risk-adjusted returns?

APHKX currently has the higher Sharpe Ratio (1.70 vs 1.67), 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.