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ARTJX vs. HLMSX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

ARTJX vs. HLMSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Artisan International Small-Mid Fund (ARTJX) and Harding Loevner International Small Companies Portfolio (HLMSX). The values are adjusted to include any dividend payments, if applicable.

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ARTJX vs. HLMSX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
ARTJX
Artisan International Small-Mid Fund
-5.96%18.29%-0.80%11.03%-23.77%3.63%33.00%36.25%-17.94%33.50%
HLMSX
Harding Loevner International Small Companies Portfolio
-5.34%14.87%-6.92%11.78%-24.50%12.82%18.51%29.45%-17.65%34.42%

Returns By Period

In the year-to-date period, ARTJX achieves a -5.96% return, which is significantly lower than HLMSX's -5.34% return. Over the past 10 years, ARTJX has outperformed HLMSX with an annualized return of 5.97%, while HLMSX has yielded a comparatively lower 5.17% annualized return.


ARTJX

1D
-0.44%
1M
-8.91%
YTD
-5.96%
6M
-3.74%
1Y
12.89%
3Y*
4.41%
5Y*
-0.37%
10Y*
5.97%

HLMSX

1D
0.06%
1M
-9.34%
YTD
-5.34%
6M
-7.18%
1Y
6.59%
3Y*
2.84%
5Y*
-0.58%
10Y*
5.17%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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ARTJX vs. HLMSX - Expense Ratio Comparison

ARTJX has a 1.28% expense ratio, which is lower than HLMSX's 1.37% expense ratio.


Return for Risk

ARTJX vs. HLMSX — Risk / Return Rank

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

ARTJX
ARTJX Risk / Return Rank: 3131
Overall Rank
ARTJX Sharpe Ratio Rank: 3333
Sharpe Ratio Rank
ARTJX Sortino Ratio Rank: 3232
Sortino Ratio Rank
ARTJX Omega Ratio Rank: 2727
Omega Ratio Rank
ARTJX Calmar Ratio Rank: 3232
Calmar Ratio Rank
ARTJX Martin Ratio Rank: 3232
Martin Ratio Rank

HLMSX
HLMSX Risk / Return Rank: 1313
Overall Rank
HLMSX Sharpe Ratio Rank: 1515
Sharpe Ratio Rank
HLMSX Sortino Ratio Rank: 1313
Sortino Ratio Rank
HLMSX Omega Ratio Rank: 1212
Omega Ratio Rank
HLMSX Calmar Ratio Rank: 1414
Calmar Ratio Rank
HLMSX Martin Ratio Rank: 1212
Martin Ratio Rank
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.

ARTJX vs. HLMSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Artisan International Small-Mid Fund (ARTJX) and Harding Loevner International Small Companies Portfolio (HLMSX). 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.


ARTJXHLMSXDifference

Sharpe ratio

Return per unit of total volatility

0.75

0.40

+0.35

Sortino ratio

Return per unit of downside risk

1.12

0.61

+0.51

Omega ratio

Gain probability vs. loss probability

1.15

1.08

+0.06

Calmar ratio

Return relative to maximum drawdown

0.89

0.40

+0.48

Martin ratio

Return relative to average drawdown

3.41

1.03

+2.39

ARTJX vs. HLMSX - Sharpe Ratio Comparison

The current ARTJX Sharpe Ratio is 0.75, which is higher than the HLMSX Sharpe Ratio of 0.40. The chart below compares the historical Sharpe Ratios of ARTJX and HLMSX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


ARTJXHLMSXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.75

0.40

+0.35

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.02

-0.04

+0.02

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.35

0.35

0.00

Sharpe Ratio (All Time)

Calculated using the full available price history

0.54

0.32

+0.21

Correlation

The correlation between ARTJX and HLMSX is 0.85, 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

ARTJX vs. HLMSX - Dividend Comparison

ARTJX's dividend yield for the trailing twelve months is around 5.95%, more than HLMSX's 4.27% yield.


TTM20252024202320222021202020192018201720162015
ARTJX
Artisan International Small-Mid Fund
5.95%5.59%0.57%0.00%0.03%2.86%0.54%0.14%73.24%13.74%6.05%3.36%
HLMSX
Harding Loevner International Small Companies Portfolio
4.27%4.04%1.17%1.00%1.83%2.82%0.03%0.52%7.56%1.13%4.37%1.54%

Drawdowns

ARTJX vs. HLMSX - Drawdown Comparison

The maximum ARTJX drawdown since its inception was -64.43%, which is greater than HLMSX's maximum drawdown of -60.77%. Use the drawdown chart below to compare losses from any high point for ARTJX and HLMSX.


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Drawdown Indicators


ARTJXHLMSXDifference

Max Drawdown

Largest peak-to-trough decline

-64.43%

-60.77%

-3.66%

Max Drawdown (1Y)

Largest decline over 1 year

-10.10%

-10.59%

+0.49%

Max Drawdown (5Y)

Largest decline over 5 years

-37.04%

-38.22%

+1.18%

Max Drawdown (10Y)

Largest decline over 10 years

-37.04%

-38.22%

+1.18%

Current Drawdown

Current decline from peak

-12.71%

-19.20%

+6.49%

Average Drawdown

Average peak-to-trough decline

-13.31%

-13.24%

-0.07%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.92%

4.18%

-1.26%

Volatility

ARTJX vs. HLMSX - Volatility Comparison

Artisan International Small-Mid Fund (ARTJX) has a higher volatility of 5.95% compared to Harding Loevner International Small Companies Portfolio (HLMSX) at 5.07%. This indicates that ARTJX's price experiences larger fluctuations and is considered to be riskier than HLMSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


ARTJXHLMSXDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.95%

5.07%

+0.88%

Volatility (6M)

Calculated over the trailing 6-month period

10.10%

8.35%

+1.75%

Volatility (1Y)

Calculated over the trailing 1-year period

15.44%

13.26%

+2.18%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.76%

14.90%

+2.86%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.35%

14.86%

+2.49%