ARHBX vs. OAKEX
ARHBX (Artisan International Explorer Fund) and OAKEX (Oakmark International Small Cap Fund) are both Foreign Small & Mid Cap Equities funds. Over the past 3 years, ARHBX returned 17.39%/yr vs 9.77%/yr for OAKEX. A 0.75 correlation means they provide meaningful diversification when combined. ARHBX charges 1.35%/yr vs 1.34%/yr for OAKEX.
Performance
ARHBX vs. OAKEX - Performance Comparison
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Returns By Period
In the year-to-date period, ARHBX achieves a 19.56% return, which is significantly higher than OAKEX's -1.73% return.
ARHBX
- 1D
- -0.83%
- 1M
- -1.64%
- 6M
- 14.97%
- YTD
- 19.56%
- 1Y
- 17.98%
- 3Y*
- 17.39%
- 5Y*
- —
- 10Y*
- —
OAKEX
- 1D
- 0.94%
- 1M
- -0.32%
- 6M
- -2.71%
- YTD
- -1.73%
- 1Y
- -2.01%
- 3Y*
- 9.77%
- 5Y*
- 4.16%
- 10Y*
- 7.95%
ARHBX vs. OAKEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ARHBX Artisan International Explorer Fund | 19.56% | 18.32% | 8.34% | 20.65% | -2.64% |
OAKEX Oakmark International Small Cap Fund | -1.73% | 29.51% | -3.00% | 19.59% | 5.47% |
Correlation
The correlation between ARHBX and OAKEX is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since May 16, 2022 | 0.75 |
The correlation between ARHBX and OAKEX has been stable across timeframes, ranging from 0.71 to 0.75 - a consistent structural relationship.
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Return for Risk
ARHBX vs. OAKEX — Risk / Return Rank
ARHBX
OAKEX
ARHBX vs. OAKEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Artisan International Explorer Fund (ARHBX) and Oakmark International Small Cap Fund (OAKEX). 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 | OAKEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.25 | ||
| Sortino ratioReturn per unit of downside risk | +1.75 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 0.98 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | -0.16 | +2.01 |
| Martin ratioReturn relative to average drawdown | 5.03 | -0.45 | +5.48 |
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Drawdowns
ARHBX vs. OAKEX - Drawdown Comparison
The maximum ARHBX drawdown since its inception was -18.10%, smaller than the maximum OAKEX drawdown of -70.12%. Use the drawdown chart below to compare losses from any high point for ARHBX and OAKEX.
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Drawdown Indicators
| ARHBX | OAKEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.10% | -70.12% | +52.02% |
Max Drawdown (1Y)Largest decline over 1 year | -9.51% | -17.18% | +7.67% |
Max Drawdown (3Y)Largest decline over 3 years | -13.97% | -17.18% | +3.21% |
Max Drawdown (5Y)Largest decline over 5 years | — | -38.40% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -49.61% | — |
Current DrawdownCurrent decline from peak | -5.00% | -6.79% | +1.79% |
Average DrawdownAverage peak-to-trough decline | -3.53% | -13.47% | +9.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.48% | 6.22% | -2.74% |
Volatility
ARHBX vs. OAKEX - Volatility Comparison
Artisan International Explorer Fund (ARHBX) has a higher volatility of 6.57% compared to Oakmark International Small Cap Fund (OAKEX) at 4.83%. This indicates that ARHBX's price experiences larger fluctuations and is considered to be riskier than OAKEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARHBX | OAKEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.57% | 4.83% | +1.74% |
Volatility (6M)Calculated over the trailing 6-month period | 14.84% | 12.22% | +2.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.48% | 15.10% | +1.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.74% | 17.77% | -3.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.74% | 18.29% | -3.55% |
ARHBX vs. OAKEX - Expense Ratio Comparison
ARHBX has a 1.35% expense ratio, which is higher than OAKEX's 1.34% expense ratio.
Dividends
ARHBX vs. OAKEX - Dividend Comparison
ARHBX's dividend yield for the trailing twelve months is around 6.22%, more than OAKEX's 5.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARHBX Artisan International Explorer Fund | 6.22% | 7.44% | 4.86% | 1.97% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
OAKEX Oakmark International Small Cap Fund | 5.34% | 5.24% | 6.38% | 1.83% | 1.89% | 0.61% | 1.87% | 0.21% | 8.93% | 3.64% | 3.09% | 5.06% |
Frequently Asked Questions
ARHBX and OAKEX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARHBX has higher volatility (6.57%) compared to OAKEX (4.83%). In terms of maximum drawdown, ARHBX dropped -18.10% vs OAKEX's -70.12%.
ARHBX currently has the higher Sharpe Ratio (1.07 vs -0.19), 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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