ARHBX vs. ARTHX

Last updated Aug 4, 2026

ARHBX (Artisan International Explorer Fund) and ARTHX (Artisan Global Equity Fund) are both mutual funds - ARHBX is a Foreign Small & Mid Cap Equities fund managed by Artisan, while ARTHX is a Global Equities fund managed by Artisan. Over the past 3 years, ARHBX returned 18.97%/yr vs 24.71%/yr for ARTHX. Their 0.67 correlation means they have sometimes moved together and sometimes differently. ARHBX charges 1.35%/yr vs 1.28%/yr for ARTHX.

Performance

ARHBX vs. ARTHX - Performance Comparison

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

Returns By Period

In the year-to-date period, ARHBX achieves a 24.46% return, which is significantly higher than ARTHX's 8.75% return.

ARHBX

• 1D: -0.25%
• 1M: 3.44%
• 6M: 17.52%
• YTD: 24.46%
• 1Y: 27.67%
• 3Y*: 18.97%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.10%

ARTHX

• 1D: 0.45%
• 1M: -1.06%
• 6M: 1.59%
• YTD: 8.75%
• 1Y: 18.37%
• 3Y*: 24.71%
• 5Y*: 9.76%
• 10Y*: 13.44%
• ALL TIME*: 12.49%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ARHBX Artisan International Explorer Fund	$0.00	$0.00	$0.00
ARTHX Artisan Global Equity Fund	$0.00	$0.00	$0.00

ARHBX vs. ARTHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ARHBX Artisan International Explorer Fund	24.46%	18.32%	8.34%	20.65%	-2.64%
ARTHX Artisan Global Equity Fund	8.75%	45.58%	16.80%	11.89%	4.94%

Correlation

The correlation between ARHBX and ARTHX is 0.58, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.58
Correlation (3Y) Balances recent behavior with more history.	0.62
Correlation (All Time) Calculated using the full available price history since May 16, 2022	0.67

The correlation between ARHBX and ARTHX has been stable across timeframes, ranging from 0.58 to 0.67 - a consistent structural relationship.

Return for Risk

ARHBX vs. ARTHX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ARHBX

ARHBX Risk / Return Rank: 67
ARHBX Sharpe Ratio Rank: 66
ARHBX Sortino Ratio Rank: 67
ARHBX Omega Ratio Rank: 65
ARHBX Calmar Ratio Rank: 83
ARHBX Martin Ratio Rank: 54

ARTHX

ARTHX Risk / Return Rank: 30
ARTHX Sharpe Ratio Rank: 29
ARTHX Sortino Ratio Rank: 30
ARTHX Omega Ratio Rank: 30
ARTHX Calmar Ratio Rank: 35
ARTHX Martin Ratio Rank: 26

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ARHBX vs. ARTHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Artisan International Explorer Fund (ARHBX) and Artisan Global Equity Fund (ARTHX). 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.

	ARHBX	ARTHX	Difference
Sharpe ratio: Return per unit of total volatility	1.67	1.05	+0.61
Sortino ratio: Return per unit of downside risk	2.40	1.58	+0.82
Omega ratio: Gain probability vs. loss probability	1.31	1.20	+0.11
Calmar ratio: Return relative to maximum drawdown	2.93	1.61	+1.33
Martin ratio: Return relative to average drawdown	7.90	4.06	+3.84

ARHBX vs. ARTHX - Sharpe Ratio Comparison

The current ARHBX Sharpe Ratio is 1.67, which is higher than the ARTHX Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of ARHBX and ARTHX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ARHBX vs. ARTHX - Drawdown Comparison

The maximum ARHBX drawdown since its inception was -18.10%, smaller than the maximum ARTHX drawdown of -37.42%. Use the drawdown chart below to compare losses from any high point for ARHBX and ARTHX.

Drawdown Indicators

	ARHBX	ARTHX	Difference
Max Drawdown Largest peak-to-trough decline	-18.10%	-37.42%	+19.32%
Max Drawdown (1Y) Largest decline over 1 year	-9.51%	-10.29%	+0.78%
Max Drawdown (3Y) Largest decline over 3 years	-11.79%	-14.06%	+2.27%
Max Drawdown (5Y) Largest decline over 5 years	—	-37.42%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-37.42%	—
Current Drawdown Current decline from peak	-1.10%	-8.22%	+7.12%
Average Drawdown Average peak-to-trough decline	-3.53%	-7.15%	+3.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.52%	4.06%	-0.54%

Volatility

ARHBX vs. ARTHX - Volatility Comparison

Artisan International Explorer Fund (ARHBX) has a higher volatility of 5.23% compared to Artisan Global Equity Fund (ARTHX) at 3.99%. This indicates that ARHBX's price experiences larger fluctuations and is considered to be riskier than ARTHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARHBX	ARTHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.23%	3.99%	+1.24%
Volatility (6M) Calculated over the trailing 6-month period	15.13%	13.07%	+2.06%
Volatility (1Y) Calculated over the trailing 1-year period	16.77%	15.73%	+1.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.77%	17.84%	-3.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.77%	17.65%	-2.88%

ARHBX vs. ARTHX - Expense Ratio Comparison

ARHBX has a 1.35% expense ratio, which is higher than ARTHX's 1.28% expense ratio.

Dividends

ARHBX vs. ARTHX - Dividend Comparison

ARHBX's dividend yield for the trailing twelve months is around 5.98%, less than ARTHX's 21.50% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARHBX Artisan International Explorer Fund	5.98%	7.44%	4.86%	1.97%	0.16%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ARTHX Artisan Global Equity Fund	21.50%	23.39%	11.32%	0.89%	0.88%	18.02%	11.98%	8.76%	18.13%	0.66%	0.00%	2.17%

Frequently Asked Questions

Can I hold both ARHBX and ARTHX in my portfolio?

ARHBX and ARTHX have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ARHBX or ARTHX?

ARHBX has higher volatility (5.23%) compared to ARTHX (3.99%). In terms of maximum drawdown, ARHBX dropped -18.10% vs ARTHX's -37.42%.

Which has better risk-adjusted returns?

ARHBX currently has the higher Sharpe Ratio (1.67 vs 1.05), 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.