ARTKX vs. ARTMX

Last updated Aug 1, 2026

ARTKX (Artisan International Value Fund) and ARTMX (Artisan Mid Cap Fund) are both mutual funds - ARTKX is a Foreign Large Cap Equities fund managed by Artisan, while ARTMX is a Mid Cap Growth Equities fund managed by Artisan. Over the past 10 years, ARTKX returned 11.23%/yr vs 10.70%/yr for ARTMX. Their 0.63 correlation means they have sometimes moved together and sometimes differently. ARTKX charges 1.25%/yr vs 1.18%/yr for ARTMX.

Performance

ARTKX vs. ARTMX - Performance Comparison

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

Returns By Period

In the year-to-date period, ARTKX achieves a 15.72% return, which is significantly higher than ARTMX's 2.35% return. Both investments have delivered pretty close results over the past 10 years, with ARTKX having a 11.23% annualized return and ARTMX not far behind at 10.70%.

ARTKX

• 1D: 0.93%
• 1M: 2.00%
• 6M: 12.12%
• YTD: 15.72%
• 1Y: 27.03%
• 3Y*: 16.73%
• 5Y*: 11.75%
• 10Y*: 11.23%
• ALL TIME*: 12.19%

ARTMX

• 1D: 1.92%
• 1M: -6.22%
• 6M: 1.82%
• YTD: 2.35%
• 1Y: 9.36%
• 3Y*: 10.27%
• 5Y*: 0.25%
• 10Y*: 10.70%
• ALL TIME*: 11.62%

*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)
ARTKX Artisan International Value Fund	$0.00	$0.00	$0.00
ARTMX Artisan Mid Cap Fund	$0.00	$0.00	$0.00

ARTKX vs. ARTMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ARTKX Artisan International Value Fund	15.72%	22.54%	6.38%	22.65%	-6.98%	16.66%	8.52%	23.98%	-15.70%	23.84%
ARTMX Artisan Mid Cap Fund	2.35%	14.92%	11.78%	23.99%	-36.82%	10.12%	58.62%	37.97%	-4.30%	20.61%

Correlation

The correlation between ARTKX and ARTMX is 0.53, 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.	0.53
Correlation (3Y) Balances recent behavior with more history.	0.56
Correlation (5Y) Shows whether the relationship held over a longer period.	0.63
Correlation (10Y) Provides a long-term view across more market conditions.	0.59
Correlation (All Time) Calculated using the full available price history since Sep 24, 2002	0.63

The correlation between ARTKX and ARTMX shifts across timeframes, from 0.53 (1 year) to 0.63 (all time), reflecting how their relationship changes across market environments.

Return for Risk

ARTKX vs. ARTMX — Risk / Return Rank

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

ARTKX

ARTKX Risk / Return Rank: 78
ARTKX Sharpe Ratio Rank: 79
ARTKX Sortino Ratio Rank: 79
ARTKX Omega Ratio Rank: 81
ARTKX Calmar Ratio Rank: 80
ARTKX Martin Ratio Rank: 73

ARTMX

ARTMX Risk / Return Rank: 13
ARTMX Sharpe Ratio Rank: 12
ARTMX Sortino Ratio Rank: 13
ARTMX Omega Ratio Rank: 12
ARTMX Calmar Ratio Rank: 14
ARTMX Martin Ratio Rank: 16

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.

ARTKX vs. ARTMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Artisan International Value Fund (ARTKX) and Artisan Mid Cap Fund (ARTMX). 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.

	ARTKX	ARTMX	Difference
Sharpe ratio: Return per unit of total volatility	1.83	0.47	+1.37
Sortino ratio: Return per unit of downside risk	2.68	0.79	+1.89
Omega ratio: Gain probability vs. loss probability	1.37	1.09	+0.28
Calmar ratio: Return relative to maximum drawdown	2.59	0.65	+1.94
Martin ratio: Return relative to average drawdown	8.74	2.28	+6.47

ARTKX vs. ARTMX - Sharpe Ratio Comparison

The current ARTKX Sharpe Ratio is 1.83, which is higher than the ARTMX Sharpe Ratio of 0.47. The chart below compares the historical Sharpe Ratios of ARTKX and ARTMX, 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

ARTKX vs. ARTMX - Drawdown Comparison

The maximum ARTKX drawdown since its inception was -51.90%, smaller than the maximum ARTMX drawdown of -57.80%. Use the drawdown chart below to compare losses from any high point for ARTKX and ARTMX.

Drawdown Indicators

	ARTKX	ARTMX	Difference
Max Drawdown Largest peak-to-trough decline	-51.90%	-57.80%	+5.90%
Max Drawdown (1Y) Largest decline over 1 year	-9.96%	-13.32%	+3.36%
Max Drawdown (3Y) Largest decline over 3 years	-10.88%	-24.65%	+13.77%
Max Drawdown (5Y) Largest decline over 5 years	-24.95%	-43.73%	+18.78%
Max Drawdown (10Y) Largest decline over 10 years	-38.11%	-43.73%	+5.62%
Current Drawdown Current decline from peak	0.00%	-7.71%	+7.71%
Average Drawdown Average peak-to-trough decline	-6.69%	-11.96%	+5.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.95%	3.80%	-0.85%

Volatility

ARTKX vs. ARTMX - Volatility Comparison

The current volatility for Artisan International Value Fund (ARTKX) is 3.26%, while Artisan Mid Cap Fund (ARTMX) has a volatility of 5.30%. This indicates that ARTKX experiences smaller price fluctuations and is considered to be less risky than ARTMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARTKX	ARTMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.26%	5.30%	-2.04%
Volatility (6M) Calculated over the trailing 6-month period	10.28%	15.62%	-5.34%
Volatility (1Y) Calculated over the trailing 1-year period	14.11%	18.71%	-4.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.97%	24.32%	-10.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.88%	22.60%	-6.72%

ARTKX vs. ARTMX - Expense Ratio Comparison

ARTKX has a 1.25% expense ratio, which is higher than ARTMX's 1.18% expense ratio.

Dividends

ARTKX vs. ARTMX - Dividend Comparison

ARTKX's dividend yield for the trailing twelve months is around 6.06%, less than ARTMX's 18.89% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARTKX Artisan International Value Fund	6.06%	6.90%	4.10%	2.84%	2.11%	9.72%	0.84%	3.64%	5.37%	3.89%	3.11%	6.17%
ARTMX Artisan Mid Cap Fund	18.89%	19.33%	15.43%	0.00%	0.29%	19.29%	14.97%	12.88%	27.63%	14.97%	9.19%	16.40%

Frequently Asked Questions

Can I hold both ARTKX and ARTMX in my portfolio?

ARTKX and ARTMX have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ARTKX or ARTMX?

ARTMX has higher volatility (5.30%) compared to ARTKX (3.26%). In terms of maximum drawdown, ARTKX dropped -51.90% vs ARTMX's -57.80%.

Which has better risk-adjusted returns?

ARTKX currently has the higher Sharpe Ratio (1.83 vs 0.47), 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.