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ARTLX vs. APFOX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ARTLX vs. APFOX

Last updated Jun 23, 2026

ARTLX (Artisan Value Fund) and APFOX (Artisan Emerging Markets Debt Opportunities Fund) are both mutual funds - ARTLX is a Large Cap Value Equities fund managed by Artisan, while APFOX is a Emerging Markets Bonds fund managed by Artisan. Over the past 3 years, ARTLX returned 13.04%/yr vs 11.52%/yr for APFOX. At a 0.36 correlation, their price movements are largely independent. ARTLX charges 1.05%/yr vs 1.25%/yr for APFOX.

Performance

ARTLX vs. APFOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Artisan Value Fund (ARTLX) and Artisan Emerging Markets Debt Opportunities Fund (APFOX). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, ARTLX achieves a 3.54% return, which is significantly lower than APFOX's 5.74% return.

ARTLX

1D
-0.13%
1M
-1.65%
YTD
3.54%
6M
3.18%
1Y
13.02%
3Y*
13.04%
5Y*
9.63%
10Y*
11.49%

APFOX

1D
-0.09%
1M
1.60%
YTD
5.74%
6M
6.49%
1Y
15.59%
3Y*
11.52%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

ARTLX vs. APFOX - Yearly Performance Comparison

2026 (YTD)2025202420232022
ARTLX
Artisan Value Fund		3.54%14.48%12.11%24.27%-1.81%
APFOX
Artisan Emerging Markets Debt Opportunities Fund		5.74%13.45%10.61%11.44%7.85%

Correlation

The correlation between ARTLX and APFOX is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.39

Correlation (3Y)
Calculated over the trailing 3-year period

0.36

Correlation (All Time)
Calculated using the full available price history since Apr 28, 2022

0.36

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Artisan Value Fund

Artisan Emerging Markets Debt Opportunities Fund

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Often compared with APFOX:
APFOX vs. EADOXAPFOX vs. EEIAXAPFOX vs. DBLLXAPFOX vs. BXMIXAPFOX vs. APFDXAPFOX vs. ARTTXAPFOX vs. APFPX

Return for Risk

ARTLX vs. APFOX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ARTLX
ARTLX Risk / Return Rank: 1818
Overall Rank
ARTLX Sharpe Ratio Rank: 1717
Sharpe Ratio Rank
ARTLX Sortino Ratio Rank: 1717
Sortino Ratio Rank
ARTLX Omega Ratio Rank: 1717
Omega Ratio Rank
ARTLX Calmar Ratio Rank: 1717
Calmar Ratio Rank
ARTLX Martin Ratio Rank: 1919
Martin Ratio Rank
APFOX
APFOX Risk / Return Rank: 9797
Overall Rank
APFOX Sharpe Ratio Rank: 100100
Sharpe Ratio Rank
APFOX Sortino Ratio Rank: 9999
Sortino Ratio Rank
APFOX Omega Ratio Rank: 9898
Omega Ratio Rank
APFOX Calmar Ratio Rank: 9393
Calmar Ratio Rank
APFOX Martin Ratio Rank: 9595
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.

ARTLX vs. APFOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Artisan Value Fund (ARTLX) and Artisan Emerging Markets Debt Opportunities Fund (APFOX). 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.

ARTLXAPFOXDifference
Sharpe ratioReturn per unit of total volatility
1.10
5.43

-4.33

Sortino ratioReturn per unit of downside risk
1.61
8.32

-6.70

Omega ratioGain probability vs. loss probability

1.20

2.39

-1.20

Calmar ratioReturn relative to maximum drawdown

1.40

4.87

-3.47

Martin ratioReturn relative to average drawdown

4.62

20.40

-15.78

ARTLX vs. APFOX - Sharpe Ratio Comparison

The current ARTLX Sharpe Ratio is 1.10, which is lower than the APFOX Sharpe Ratio of 5.43. The chart below compares the historical Sharpe Ratios of ARTLX and APFOX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

ARTLX vs. APFOX - Drawdown Comparison

The maximum ARTLX drawdown since its inception was -57.91%, which is greater than APFOX's maximum drawdown of -5.69%. Use the drawdown chart below to compare losses from any high point for ARTLX and APFOX.

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Drawdown Indicators

ARTLXAPFOXDifference

Max Drawdown

Largest peak-to-trough decline

-57.91%

-5.69%

-52.22%

Max Drawdown (1Y)

Largest decline over 1 year

-9.35%

-3.21%

-6.14%

Max Drawdown (3Y)

Largest decline over 3 years

-13.28%

-5.69%

-7.59%

Max Drawdown (5Y)

Largest decline over 5 years

-22.89%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-39.03%

—

—

Current Drawdown

Current decline from peak

-2.04%

-0.18%

-1.86%

Average Drawdown

Average peak-to-trough decline

-8.32%

-0.70%

-7.62%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.82%

0.76%

+2.06%

Volatility

ARTLX vs. APFOX - Volatility Comparison

Artisan Value Fund (ARTLX) has a higher volatility of 3.46% compared to Artisan Emerging Markets Debt Opportunities Fund (APFOX) at 0.74%. This indicates that ARTLX's price experiences larger fluctuations and is considered to be riskier than APFOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ARTLXAPFOXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.46%

0.74%

+2.72%

Volatility (6M)

Calculated over the trailing 6-month period

8.82%

2.51%

+6.31%

Volatility (1Y)

Calculated over the trailing 1-year period

11.82%

2.87%

+8.95%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.25%

3.73%

+11.52%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.06%

3.73%

+14.33%

ARTLX vs. APFOX - Expense Ratio Comparison

ARTLX has a 1.05% expense ratio, which is lower than APFOX's 1.25% expense ratio.

Dividends

ARTLX vs. APFOX - Dividend Comparison

ARTLX's dividend yield for the trailing twelve months is around 13.37%, more than APFOX's 7.12% yield.

PositionTTM20252024202320222021202020192018201720162015
APFOX
Artisan Emerging Markets Debt Opportunities Fund		7.12%5.71%9.39%9.03%7.17%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
ARTLX
Artisan Value Fund		13.37%13.85%7.59%5.10%17.75%12.97%7.57%3.99%16.44%10.00%0.62%10.74%

Frequently Asked Questions

ARTLX and APFOX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ARTLX has higher volatility (3.46%) compared to APFOX (0.74%). In terms of maximum drawdown, ARTLX dropped -57.91% vs APFOX's -5.69%.

APFOX currently has the higher Sharpe Ratio (5.43 vs 1.10), 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.

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