ARHBX vs. VFSAX

Last updated Apr 2, 2026

Compare and contrast key facts about Artisan International Explorer Fund (ARHBX) and Vanguard FTSE All-World ex-US Small-Cap Index Fund Admiral Shares (VFSAX).

ARHBX is managed by Artisan. It was launched on May 15, 2022. VFSAX is managed by Vanguard. It was launched on Feb 7, 2019.

Performance

ARHBX vs. VFSAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Artisan International Explorer Fund (ARHBX) and Vanguard FTSE All-World ex-US Small-Cap Index Fund Admiral Shares (VFSAX). The values are adjusted to include any dividend payments, if applicable.

ARHBX vs. VFSAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ARHBX Artisan International Explorer Fund	2.99%	18.32%	8.34%	20.65%	-2.64%
VFSAX Vanguard FTSE All-World ex-US Small-Cap Index Fund Admiral Shares	1.27%	29.89%	2.58%	15.13%	-4.17%

Returns By Period

In the year-to-date period, ARHBX achieves a 2.99% return, which is significantly higher than VFSAX's 1.27% return.

ARHBX

• 1D: 2.05%
• 1M: -4.89%
• YTD: 2.99%
• 6M: 2.42%
• 1Y: 14.43%
• 3Y*: 11.60%
• 5Y*: —
• 10Y*: —

VFSAX

• 1D: 2.40%
• 1M: -8.22%
• YTD: 1.27%
• 6M: 3.64%
• 1Y: 29.20%
• 3Y*: 13.60%
• 5Y*: 5.33%
• 10Y*: —

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

ARHBX vs. VFSAX - Expense Ratio Comparison

ARHBX has a 1.35% expense ratio, which is higher than VFSAX's 0.16% expense ratio.

ARHBX

Artisan International Explorer Fund

VFSAX

Vanguard FTSE All-World ex-US Small-Cap Index Fund Admiral Shares

Return for Risk

ARHBX vs. VFSAX — Risk / Return Rank

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

ARHBX

ARHBX Risk / Return Rank: 50
ARHBX Sharpe Ratio Rank: 60
ARHBX Sortino Ratio Rank: 58
ARHBX Omega Ratio Rank: 47
ARHBX Calmar Ratio Rank: 52
ARHBX Martin Ratio Rank: 34

VFSAX

VFSAX Risk / Return Rank: 90
VFSAX Sharpe Ratio Rank: 93
VFSAX Sortino Ratio Rank: 90
VFSAX Omega Ratio Rank: 89
VFSAX Calmar Ratio Rank: 89
VFSAX Martin Ratio Rank: 88

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.

ARHBX vs. VFSAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Artisan International Explorer Fund (ARHBX) and Vanguard FTSE All-World ex-US Small-Cap Index Fund Admiral Shares (VFSAX). 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.

	ARHBX	VFSAX	Difference
Sharpe ratio Return per unit of total volatility	1.15	2.06	-0.90
Sortino ratio Return per unit of downside risk	1.62	2.63	-1.01
Omega ratio Gain probability vs. loss probability	1.21	1.41	-0.19
Calmar ratio Return relative to maximum drawdown	1.41	2.49	-1.07
Martin ratio Return relative to average drawdown	4.12	9.78	-5.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ARHBX vs. VFSAX - Sharpe Ratio Comparison

The current ARHBX Sharpe Ratio is 1.15, which is lower than the VFSAX Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of ARHBX and VFSAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ARHBX	VFSAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.15	2.06	-0.90
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.36	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.87	0.48	+0.39

Correlation

The correlation between ARHBX and VFSAX is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

ARHBX vs. VFSAX - Dividend Comparison

ARHBX's dividend yield for the trailing twelve months is around 7.22%, more than VFSAX's 3.27% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019
ARHBX Artisan International Explorer Fund	7.22%	7.44%	4.86%	1.97%	0.16%	0.00%	0.00%	0.00%
VFSAX Vanguard FTSE All-World ex-US Small-Cap Index Fund Admiral Shares	3.27%	3.31%	3.36%	3.06%	2.22%	2.67%	1.85%	3.19%

Drawdowns

ARHBX vs. VFSAX - Drawdown Comparison

The maximum ARHBX drawdown since its inception was -18.10%, smaller than the maximum VFSAX drawdown of -39.86%. Use the drawdown chart below to compare losses from any high point for ARHBX and VFSAX.

Drawdown Indicators

	ARHBX	VFSAX	Difference
Max Drawdown Largest peak-to-trough decline	-18.10%	-39.86%	+21.76%
Max Drawdown (1Y) Largest decline over 1 year	-9.51%	-11.48%	+1.97%
Max Drawdown (5Y) Largest decline over 5 years	—	-33.81%	—
Current Drawdown Current decline from peak	-5.16%	-9.36%	+4.20%
Average Drawdown Average peak-to-trough decline	-3.61%	-9.42%	+5.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.26%	2.92%	+0.34%

Volatility

ARHBX vs. VFSAX - Volatility Comparison

Artisan International Explorer Fund (ARHBX) and Vanguard FTSE All-World ex-US Small-Cap Index Fund Admiral Shares (VFSAX) have volatilities of 6.63% and 6.64%, 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

	ARHBX	VFSAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.63%	6.64%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	9.46%	10.11%	-0.65%
Volatility (1Y) Calculated over the trailing 1-year period	13.19%	14.58%	-1.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.86%	14.90%	-1.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.86%	17.03%	-3.17%