ARTLX vs. APFOX

Last updated Apr 1, 2026

Compare and contrast key facts about Artisan Value Fund (ARTLX) and Artisan Emerging Markets Debt Opportunities Fund (APFOX).

ARTLX is managed by Artisan. It was launched on Mar 27, 2006. APFOX is managed by Artisan. It was launched on Apr 6, 2022.

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.

ARTLX vs. APFOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ARTLX Artisan Value Fund	-5.55%	14.48%	12.11%	24.27%	-3.67%
APFOX Artisan Emerging Markets Debt Opportunities Fund	0.34%	13.45%	10.61%	11.44%	7.85%

Returns By Period

In the year-to-date period, ARTLX achieves a -5.55% return, which is significantly lower than APFOX's 0.34% return.

ARTLX

• 1D: 0.22%
• 1M: -8.29%
• YTD: -5.55%
• 6M: -1.04%
• 1Y: 5.77%
• 3Y*: 11.77%
• 5Y*: 8.87%
• 10Y*: 11.09%

APFOX

• 1D: -0.35%
• 1M: -3.03%
• YTD: 0.34%
• 6M: 4.42%
• 1Y: 13.06%
• 3Y*: 10.82%
• 5Y*: —
• 10Y*: —

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

ARTLX vs. APFOX - Expense Ratio Comparison

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

APFOX

Artisan Emerging Markets Debt Opportunities Fund

ARTLX

Artisan Value Fund

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: 15
ARTLX Sharpe Ratio Rank: 16
ARTLX Sortino Ratio Rank: 16
ARTLX Omega Ratio Rank: 16
ARTLX Calmar Ratio Rank: 15
ARTLX Martin Ratio Rank: 15

APFOX

APFOX Risk / Return Rank: 97
APFOX Sharpe Ratio Rank: 99
APFOX Sortino Ratio Rank: 98
APFOX Omega Ratio Rank: 98
APFOX Calmar Ratio Rank: 94
APFOX Martin Ratio Rank: 95

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.

	ARTLX	APFOX	Difference
Sharpe ratio Return per unit of total volatility	0.42	3.80	-3.38
Sortino ratio Return per unit of downside risk	0.68	4.87	-4.19
Omega ratio Gain probability vs. loss probability	1.10	2.00	-0.90
Calmar ratio Return relative to maximum drawdown	0.41	3.09	-2.68
Martin ratio Return relative to average drawdown	1.46	12.77	-11.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ARTLX vs. APFOX - Sharpe Ratio Comparison

The current ARTLX Sharpe Ratio is 0.42, which is lower than the APFOX Sharpe Ratio of 3.80. The chart below compares the historical Sharpe Ratios of ARTLX and APFOX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ARTLX	APFOX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.42	3.80	-3.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.62	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	2.99	-2.57

Correlation

The correlation between ARTLX and APFOX is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

ARTLX vs. APFOX - Dividend Comparison

ARTLX's dividend yield for the trailing twelve months is around 14.66%, more than APFOX's 7.56% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARTLX Artisan Value Fund	14.66%	13.85%	7.59%	5.10%	17.75%	12.97%	7.57%	3.99%	16.44%	10.00%	0.62%	10.74%
APFOX Artisan Emerging Markets Debt Opportunities Fund	7.56%	5.71%	9.39%	9.03%	7.17%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

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.

Drawdown Indicators

	ARTLX	APFOX	Difference
Max Drawdown Largest peak-to-trough decline	-57.91%	-5.69%	-52.22%
Max Drawdown (1Y) Largest decline over 1 year	-11.05%	-3.21%	-7.84%
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	-9.15%	-3.21%	-5.94%
Average Drawdown Average peak-to-trough decline	-8.39%	-0.72%	-7.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.17%	0.94%	+2.23%

Volatility

ARTLX vs. APFOX - Volatility Comparison

Artisan Value Fund (ARTLX) has a higher volatility of 4.00% compared to Artisan Emerging Markets Debt Opportunities Fund (APFOX) at 1.59%. 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.

Volatility by Period

	ARTLX	APFOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.00%	1.59%	+2.41%
Volatility (6M) Calculated over the trailing 6-month period	8.91%	2.22%	+6.69%
Volatility (1Y) Calculated over the trailing 1-year period	15.44%	3.47%	+11.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.24%	3.76%	+11.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.09%	3.76%	+14.33%