ARTIX vs. ARTSX

Last updated Jun 23, 2026

ARTIX (Artisan International Fund) and ARTSX (Artisan Small Cap Fund) are both mutual funds - ARTIX is a Foreign Large Cap Equities fund managed by Artisan, while ARTSX is a Small Cap Growth Equities fund managed by Artisan. Over the past 10 years, ARTIX returned 10.09%/yr vs 12.58%/yr for ARTSX. A 0.60 correlation means they provide meaningful diversification when combined. Both charge a 1.19% expense ratio.

Performance

ARTIX vs. ARTSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Artisan International Fund (ARTIX) and Artisan Small Cap Fund (ARTSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ARTIX achieves a 14.67% return, which is significantly lower than ARTSX's 17.67% return. Over the past 10 years, ARTIX has underperformed ARTSX with an annualized return of 10.09%, while ARTSX has yielded a comparatively higher 12.58% annualized return.

ARTIX

• 1D: 0.03%
• 1M: -0.35%
• YTD: 14.67%
• 6M: 15.29%
• 1Y: 25.23%
• 3Y*: 21.63%
• 5Y*: 10.33%
• 10Y*: 10.09%

ARTSX

• 1D: 2.85%
• 1M: 6.35%
• YTD: 17.67%
• 6M: 14.52%
• 1Y: 34.98%
• 3Y*: 16.37%
• 5Y*: 2.32%
• 10Y*: 12.58%

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

ARTIX vs. ARTSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ARTIX Artisan International Fund	14.67%	36.21%	10.59%	14.27%	-19.54%	8.87%	7.58%	29.16%	-11.03%	31.03%
ARTSX Artisan Small Cap Fund	17.67%	8.46%	20.56%	9.29%	-29.44%	-9.05%	60.95%	40.04%	1.97%	26.97%

Correlation

The correlation between ARTIX and ARTSX is 0.51, 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	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (10Y) Calculated over the trailing 10-year period	0.62
Correlation (All Time) Calculated using the full available price history since May 22, 1996	0.60

The correlation between ARTIX and ARTSX shifts across timeframes, from 0.51 (1 year) to 0.63 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

ARTIX vs. ARTSX — Risk / Return Rank

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

ARTIX

ARTIX Risk / Return Rank: 45
ARTIX Sharpe Ratio Rank: 42
ARTIX Sortino Ratio Rank: 42
ARTIX Omega Ratio Rank: 41
ARTIX Calmar Ratio Rank: 54
ARTIX Martin Ratio Rank: 44

ARTSX

ARTSX Risk / Return Rank: 37
ARTSX Sharpe Ratio Rank: 33
ARTSX Sortino Ratio Rank: 34
ARTSX Omega Ratio Rank: 30
ARTSX Calmar Ratio Rank: 39
ARTSX Martin Ratio Rank: 48

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.

ARTIX vs. ARTSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Artisan International Fund (ARTIX) and Artisan Small Cap Fund (ARTSX). 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.

	ARTIX	ARTSX	Difference
Sharpe ratio: Return per unit of total volatility	1.75	1.55	+0.20
Sortino ratio: Return per unit of downside risk	2.53	2.26	+0.27
Omega ratio: Gain probability vs. loss probability	1.32	1.27	+0.05
Calmar ratio: Return relative to maximum drawdown	2.69	2.26	+0.44
Martin ratio: Return relative to average drawdown	8.84	9.42	-0.58

ARTIX vs. ARTSX - Sharpe Ratio Comparison

The current ARTIX Sharpe Ratio is 1.75, which is comparable to the ARTSX Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of ARTIX and ARTSX, 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

ARTIX vs. ARTSX - Drawdown Comparison

The maximum ARTIX drawdown since its inception was -61.18%, roughly equal to the maximum ARTSX drawdown of -62.77%. Use the drawdown chart below to compare losses from any high point for ARTIX and ARTSX.

Drawdown Indicators

	ARTIX	ARTSX	Difference
Max Drawdown Largest peak-to-trough decline	-61.18%	-62.77%	+1.59%
Max Drawdown (1Y) Largest decline over 1 year	-9.78%	-15.44%	+5.66%
Max Drawdown (3Y) Largest decline over 3 years	-13.39%	-25.88%	+12.49%
Max Drawdown (5Y) Largest decline over 5 years	-33.88%	-47.88%	+14.00%
Max Drawdown (10Y) Largest decline over 10 years	-33.88%	-51.51%	+17.63%
Current Drawdown Current decline from peak	-4.28%	-4.22%	-0.06%
Average Drawdown Average peak-to-trough decline	-16.08%	-14.70%	-1.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.97%	3.69%	-0.72%

Volatility

ARTIX vs. ARTSX - Volatility Comparison

The current volatility for Artisan International Fund (ARTIX) is 5.05%, while Artisan Small Cap Fund (ARTSX) has a volatility of 8.71%. This indicates that ARTIX experiences smaller price fluctuations and is considered to be less risky than ARTSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARTIX	ARTSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.05%	8.71%	-3.66%
Volatility (6M) Calculated over the trailing 6-month period	12.63%	18.67%	-6.04%
Volatility (1Y) Calculated over the trailing 1-year period	15.08%	22.49%	-7.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.96%	27.55%	-11.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.32%	25.62%	-9.30%

ARTIX vs. ARTSX - Expense Ratio Comparison

Both ARTIX and ARTSX have an expense ratio of 1.19%.

Dividends

ARTIX vs. ARTSX - Dividend Comparison

ARTIX's dividend yield for the trailing twelve months is around 19.64%, more than ARTSX's 7.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARTIX Artisan International Fund	19.64%	22.52%	10.24%	1.79%	2.54%	23.35%	3.23%	5.24%	9.73%	0.67%	1.17%	0.45%
ARTSX Artisan Small Cap Fund	7.01%	8.24%	10.40%	0.00%	0.26%	12.11%	5.26%	7.83%	20.83%	16.26%	1.18%	10.12%

Frequently Asked Questions

Can I hold both ARTIX and ARTSX in my portfolio?

ARTIX and ARTSX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ARTIX or ARTSX?

ARTSX has higher volatility (8.71%) compared to ARTIX (5.05%). In terms of maximum drawdown, ARTIX dropped -61.18% vs ARTSX's -62.77%.

Which has better risk-adjusted returns?

ARTIX currently has the higher Sharpe Ratio (1.75 vs 1.55), 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.