ARTGX vs. TNZ.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Artisan Global Value Fund (ARTGX) and Tenaz Energy Corp. (TNZ.TO).

ARTGX is managed by Artisan. It was launched on Dec 9, 2007.

Performance

ARTGX vs. TNZ.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Artisan Global Value Fund (ARTGX) and Tenaz Energy Corp. (TNZ.TO). The values are adjusted to include any dividend payments, if applicable.

ARTGX vs. TNZ.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
ARTGX Artisan Global Value Fund	-4.90%	34.03%	10.66%	26.57%	-13.56%	15.60%	6.48%	23.78%	-12.17%
TNZ.TO Tenaz Energy Corp.	140.50%	97.93%	228.80%	86.95%	-37.89%	141.03%	-60.09%	-10.56%	-33.93%

Different Trading Currencies

ARTGX is traded in USD, while TNZ.TO is traded in CAD. To make them comparable, the TNZ.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, ARTGX achieves a -4.90% return, which is significantly lower than TNZ.TO's 140.50% return.

ARTGX

• 1D: 0.60%
• 1M: -9.21%
• YTD: -4.90%
• 6M: 1.95%
• 1Y: 16.95%
• 3Y*: 17.59%
• 5Y*: 10.26%
• 10Y*: 10.44%

TNZ.TO

• 1D: -1.01%
• 1M: 35.04%
• YTD: 140.50%
• 6M: 220.31%
• 1Y: 417.38%
• 3Y*: 210.34%
• 5Y*: 94.37%
• 10Y*: —

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

Return for Risk

ARTGX vs. TNZ.TO — Risk / Return Rank

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

ARTGX

ARTGX Risk / Return Rank: 67
ARTGX Sharpe Ratio Rank: 70
ARTGX Sortino Ratio Rank: 70
ARTGX Omega Ratio Rank: 68
ARTGX Calmar Ratio Rank: 65
ARTGX Martin Ratio Rank: 62

TNZ.TO

TNZ.TO Risk / Return Rank: 99
TNZ.TO Sharpe Ratio Rank: 100
TNZ.TO Sortino Ratio Rank: 99
TNZ.TO Omega Ratio Rank: 99
TNZ.TO Calmar Ratio Rank: 100
TNZ.TO Martin Ratio Rank: 100

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.

ARTGX vs. TNZ.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Artisan Global Value Fund (ARTGX) and Tenaz Energy Corp. (TNZ.TO). 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.

	ARTGX	TNZ.TO	Difference
Sharpe ratio Return per unit of total volatility	1.23	6.97	-5.74
Sortino ratio Return per unit of downside risk	1.73	7.17	-5.44
Omega ratio Gain probability vs. loss probability	1.25	1.85	-0.60
Calmar ratio Return relative to maximum drawdown	1.49	26.22	-24.74
Martin ratio Return relative to average drawdown	5.94	61.41	-55.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ARTGX vs. TNZ.TO - Sharpe Ratio Comparison

The current ARTGX Sharpe Ratio is 1.23, which is lower than the TNZ.TO Sharpe Ratio of 6.97. The chart below compares the historical Sharpe Ratios of ARTGX and TNZ.TO, 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

	ARTGX	TNZ.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.23	6.97	-5.74
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.72	1.43	-0.71
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.61	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.48	0.00

Correlation

The correlation between ARTGX and TNZ.TO is 0.25, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

ARTGX vs. TNZ.TO - Dividend Comparison

ARTGX's dividend yield for the trailing twelve months is around 4.82%, while TNZ.TO has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARTGX Artisan Global Value Fund	4.82%	4.58%	5.38%	2.87%	3.68%	9.38%	0.05%	1.29%	6.35%	2.01%	2.66%	5.95%
TNZ.TO Tenaz Energy Corp.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

ARTGX vs. TNZ.TO - Drawdown Comparison

The maximum ARTGX drawdown since its inception was -49.92%, smaller than the maximum TNZ.TO drawdown of -84.14%. Use the drawdown chart below to compare losses from any high point for ARTGX and TNZ.TO.

Drawdown Indicators

	ARTGX	TNZ.TO	Difference
Max Drawdown Largest peak-to-trough decline	-49.92%	-83.82%	+33.90%
Max Drawdown (1Y) Largest decline over 1 year	-10.18%	-16.37%	+6.19%
Max Drawdown (5Y) Largest decline over 5 years	-26.74%	-63.16%	+36.42%
Max Drawdown (10Y) Largest decline over 10 years	-39.90%	—	—
Current Drawdown Current decline from peak	-9.64%	-4.85%	-4.79%
Average Drawdown Average peak-to-trough decline	-6.60%	-46.10%	+39.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.54%	6.77%	-4.23%

Volatility

ARTGX vs. TNZ.TO - Volatility Comparison

The current volatility for Artisan Global Value Fund (ARTGX) is 4.26%, while Tenaz Energy Corp. (TNZ.TO) has a volatility of 16.01%. This indicates that ARTGX experiences smaller price fluctuations and is considered to be less risky than TNZ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARTGX	TNZ.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.26%	16.01%	-11.75%
Volatility (6M) Calculated over the trailing 6-month period	8.25%	44.15%	-35.90%
Volatility (1Y) Calculated over the trailing 1-year period	13.78%	60.40%	-46.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.38%	66.41%	-52.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.25%	74.21%	-56.96%