ARTKX vs. DFAI

Last updated Jun 16, 2026

ARTKX (Artisan International Value Fund) and DFAI (Dimensional International Core Equity Market ETF) are both Foreign Large Cap Equities funds. Over the past 5 years, ARTKX returned 10.20%/yr vs 9.68%/yr for DFAI. Their correlation of 0.87 suggests significant overlap in exposure. ARTKX charges 1.25%/yr vs 0.18%/yr for DFAI.

Performance

ARTKX vs. DFAI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Artisan International Value Fund (ARTKX) and Dimensional International Core Equity Market ETF (DFAI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with ARTKX having a 10.51% return and DFAI slightly higher at 10.55%.

ARTKX

• 1D: 0.36%
• 1M: 4.67%
• YTD: 10.51%
• 6M: 12.41%
• 1Y: 22.53%
• 3Y*: 16.14%
• 5Y*: 10.20%
• 10Y*: 11.22%

DFAI

• 1D: 0.45%
• 1M: 2.91%
• YTD: 10.55%
• 6M: 11.38%
• 1Y: 25.58%
• 3Y*: 17.58%
• 5Y*: 9.68%
• 10Y*: —

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

ARTKX vs. DFAI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ARTKX Artisan International Value Fund	10.51%	22.54%	6.38%	22.65%	-6.98%	16.66%	7.29%
DFAI Dimensional International Core Equity Market ETF	10.55%	34.04%	4.68%	17.60%	-12.95%	13.86%	5.34%

Correlation

The correlation between ARTKX and DFAI is 0.78, 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	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (All Time) Calculated using the full available price history since Nov 18, 2020	0.87

The correlation between ARTKX and DFAI has been stable across timeframes, ranging from 0.78 to 0.87 - a consistent structural relationship.

Return for Risk

ARTKX vs. DFAI — Risk / Return Rank

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

ARTKX

ARTKX Risk / Return Rank: 39
ARTKX Sharpe Ratio Rank: 37
ARTKX Sortino Ratio Rank: 38
ARTKX Omega Ratio Rank: 44
ARTKX Calmar Ratio Rank: 39
ARTKX Martin Ratio Rank: 36

DFAI

DFAI Risk / Return Rank: 56
DFAI Sharpe Ratio Rank: 58
DFAI Sortino Ratio Rank: 58
DFAI Omega Ratio Rank: 58
DFAI Calmar Ratio Rank: 52
DFAI Martin Ratio Rank: 57

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.

ARTKX vs. DFAI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Artisan International Value Fund (ARTKX) and Dimensional International Core Equity Market ETF (DFAI). 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	DFAI	Difference
Sharpe ratio: Return per unit of total volatility	1.51	1.77	-0.26
Sortino ratio: Return per unit of downside risk	2.23	2.48	-0.26
Omega ratio: Gain probability vs. loss probability	1.30	1.32	-0.01
Calmar ratio: Return relative to maximum drawdown	2.12	2.35	-0.23
Martin ratio: Return relative to average drawdown	7.12	9.14	-2.01

ARTKX vs. DFAI - Sharpe Ratio Comparison

The current ARTKX Sharpe Ratio is 1.51, which is comparable to the DFAI Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of ARTKX and DFAI, 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. DFAI - Drawdown Comparison

The maximum ARTKX drawdown since its inception was -51.90%, which is greater than DFAI's maximum drawdown of -27.44%. Use the drawdown chart below to compare losses from any high point for ARTKX and DFAI.

Drawdown Indicators

	ARTKX	DFAI	Difference
Max Drawdown Largest peak-to-trough decline	-51.90%	-27.44%	-24.46%
Max Drawdown (1Y) Largest decline over 1 year	-9.96%	-10.95%	+0.99%
Max Drawdown (3Y) Largest decline over 3 years	-10.88%	-13.25%	+2.37%
Max Drawdown (5Y) Largest decline over 5 years	-24.95%	-27.44%	+2.49%
Max Drawdown (10Y) Largest decline over 10 years	-38.11%	—	—
Current Drawdown Current decline from peak	0.00%	-0.35%	+0.35%
Average Drawdown Average peak-to-trough decline	-6.72%	-5.10%	-1.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.96%	2.81%	+0.15%

Volatility

ARTKX vs. DFAI - Volatility Comparison

The current volatility for Artisan International Value Fund (ARTKX) is 4.64%, while Dimensional International Core Equity Market ETF (DFAI) has a volatility of 5.12%. This indicates that ARTKX experiences smaller price fluctuations and is considered to be less risky than DFAI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARTKX	DFAI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.64%	5.12%	-0.48%
Volatility (6M) Calculated over the trailing 6-month period	10.05%	12.28%	-2.23%
Volatility (1Y) Calculated over the trailing 1-year period	14.01%	14.58%	-0.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.02%	16.01%	-1.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.18%	15.74%	+0.44%

ARTKX vs. DFAI - Expense Ratio Comparison

ARTKX has a 1.25% expense ratio, which is higher than DFAI's 0.18% expense ratio.

Dividends

ARTKX vs. DFAI - Dividend Comparison

ARTKX's dividend yield for the trailing twelve months is around 6.26%, more than DFAI's 2.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARTKX Artisan International Value Fund	6.26%	6.90%	4.10%	2.84%	2.11%	9.72%	0.84%	3.64%	5.37%	3.89%	3.11%	6.17%
DFAI Dimensional International Core Equity Market ETF	2.23%	2.45%	2.72%	2.64%	2.72%	2.06%	0.09%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ARTKX and DFAI in my portfolio?

ARTKX and DFAI have a correlation of 0.78, 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 DFAI?

DFAI has higher volatility (5.12%) compared to ARTKX (4.64%). In terms of maximum drawdown, ARTKX dropped -51.90% vs DFAI's -27.44%.

Which has better risk-adjusted returns?

DFAI currently has the higher Sharpe Ratio (1.77 vs 1.51), 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.