ARTHX vs. GPROX

Last updated Aug 4, 2026

ARTHX (Artisan Global Equity Fund) and GPROX (Grandeur Peak Global Reach Fund) are both Global Equities funds. Over the past 10 years, ARTHX returned 13.44%/yr vs 8.45%/yr for GPROX. Their 0.80 correlation means they have sometimes moved together and sometimes differently. ARTHX charges 1.28%/yr vs 1.49%/yr for GPROX.

Performance

ARTHX vs. GPROX - Performance Comparison

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

Returns By Period

In the year-to-date period, ARTHX achieves a 8.75% return, which is significantly higher than GPROX's 5.59% return. Over the past 10 years, ARTHX has outperformed GPROX with an annualized return of 13.44%, while GPROX has yielded a comparatively lower 8.45% annualized return.

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%

GPROX

• 1D: 0.55%
• 1M: -2.48%
• 6M: 3.34%
• YTD: 5.59%
• 1Y: 8.12%
• 3Y*: 8.44%
• 5Y*: -1.50%
• 10Y*: 8.45%
• ALL TIME*: 7.72%

*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)
ARTHX Artisan Global Equity Fund	$0.00	$0.00	$0.00
GPROX Grandeur Peak Global Reach Fund	$0.00	$0.00	$0.00

ARTHX vs. GPROX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ARTHX Artisan Global Equity Fund	8.75%	45.58%	16.80%	11.89%	-20.62%	4.95%	29.46%	31.13%	-3.75%	31.35%
GPROX Grandeur Peak Global Reach Fund	5.59%	8.87%	5.51%	14.86%	-34.54%	19.78%	41.16%	29.39%	-15.86%	30.73%

Correlation

The correlation between ARTHX and GPROX is 0.72, 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.	0.72
Correlation (3Y) Balances recent behavior with more history.	0.71
Correlation (5Y) Shows whether the relationship held over a longer period.	0.78
Correlation (10Y) Provides a long-term view across more market conditions.	0.80
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014	0.80

The correlation between ARTHX and GPROX has been stable across timeframes, ranging from 0.71 to 0.80 - a consistent structural relationship.

Return for Risk

ARTHX vs. GPROX — Risk / Return Rank

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

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

GPROX

GPROX Risk / Return Rank: 12
GPROX Sharpe Ratio Rank: 12
GPROX Sortino Ratio Rank: 13
GPROX Omega Ratio Rank: 12
GPROX Calmar Ratio Rank: 11
GPROX Martin Ratio Rank: 14

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.

ARTHX vs. GPROX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Artisan Global Equity Fund (ARTHX) and Grandeur Peak Global Reach Fund (GPROX). 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.

	ARTHX	GPROX	Difference
Sharpe ratio: Return per unit of total volatility	1.05	0.51	+0.54
Sortino ratio: Return per unit of downside risk	1.58	0.86	+0.72
Omega ratio: Gain probability vs. loss probability	1.20	1.10	+0.10
Calmar ratio: Return relative to maximum drawdown	1.61	0.63	+0.98
Martin ratio: Return relative to average drawdown	4.06	2.05	+2.02

ARTHX vs. GPROX - Sharpe Ratio Comparison

The current ARTHX Sharpe Ratio is 1.05, which is higher than the GPROX Sharpe Ratio of 0.51. The chart below compares the historical Sharpe Ratios of ARTHX and GPROX, 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

ARTHX vs. GPROX - Drawdown Comparison

The maximum ARTHX drawdown since its inception was -37.42%, smaller than the maximum GPROX drawdown of -43.86%. Use the drawdown chart below to compare losses from any high point for ARTHX and GPROX.

Drawdown Indicators

	ARTHX	GPROX	Difference
Max Drawdown Largest peak-to-trough decline	-37.42%	-43.86%	+6.44%
Max Drawdown (1Y) Largest decline over 1 year	-10.29%	-12.29%	+2.00%
Max Drawdown (3Y) Largest decline over 3 years	-14.06%	-17.51%	+3.45%
Max Drawdown (5Y) Largest decline over 5 years	-37.42%	-43.86%	+6.44%
Max Drawdown (10Y) Largest decline over 10 years	-37.42%	-43.86%	+6.44%
Current Drawdown Current decline from peak	-8.22%	-13.13%	+4.91%
Average Drawdown Average peak-to-trough decline	-7.15%	-12.98%	+5.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.06%	3.75%	+0.31%

Volatility

ARTHX vs. GPROX - Volatility Comparison

The current volatility for Artisan Global Equity Fund (ARTHX) is 3.99%, while Grandeur Peak Global Reach Fund (GPROX) has a volatility of 4.49%. This indicates that ARTHX experiences smaller price fluctuations and is considered to be less risky than GPROX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARTHX	GPROX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.99%	4.49%	-0.50%
Volatility (6M) Calculated over the trailing 6-month period	13.07%	12.77%	+0.30%
Volatility (1Y) Calculated over the trailing 1-year period	15.73%	15.00%	+0.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.84%	18.05%	-0.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.65%	17.04%	+0.61%

ARTHX vs. GPROX - Expense Ratio Comparison

ARTHX has a 1.28% expense ratio, which is lower than GPROX's 1.49% expense ratio.

Dividends

ARTHX vs. GPROX - Dividend Comparison

ARTHX's dividend yield for the trailing twelve months is around 21.50%, more than GPROX's 18.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
GPROX Grandeur Peak Global Reach Fund	18.64%	19.69%	12.03%	0.14%	0.00%	15.32%	8.09%	2.58%	11.25%	1.49%	0.13%	3.75%

Frequently Asked Questions

Can I hold both ARTHX and GPROX in my portfolio?

ARTHX and GPROX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ARTHX or GPROX?

GPROX has higher volatility (4.49%) compared to ARTHX (3.99%). In terms of maximum drawdown, ARTHX dropped -37.42% vs GPROX's -43.86%.

Which has better risk-adjusted returns?

ARTHX currently has the higher Sharpe Ratio (1.05 vs 0.51), 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.