ARTLX vs. APFPX
ARTLX (Artisan Value Fund) and APFPX (Artisan Global Unconstrained Fund) are both mutual funds - ARTLX is a Large Cap Value Equities fund managed by Artisan, while APFPX is a Nontraditional Bonds fund managed by Artisan. Over the past 3 years, ARTLX returned 13.04%/yr vs 9.33%/yr for APFPX. At a correlation of -0.12, they often move in opposite directions. ARTLX charges 1.05%/yr vs 1.54%/yr for APFPX.
Performance
ARTLX vs. APFPX - Performance Comparison
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Returns By Period
In the year-to-date period, ARTLX achieves a 3.54% return, which is significantly lower than APFPX's 4.09% 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%
APFPX
- 1D
- -0.18%
- 1M
- 0.11%
- YTD
- 4.09%
- 6M
- 4.40%
- 1Y
- 11.47%
- 3Y*
- 9.33%
- 5Y*
- —
- 10Y*
- —
ARTLX vs. APFPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ARTLX Artisan Value Fund | 3.54% | 14.48% | 12.11% | 24.27% | -1.53% |
APFPX Artisan Global Unconstrained Fund | 4.09% | 10.21% | 11.33% | 6.67% | 6.73% |
Correlation
The correlation between ARTLX and APFPX is -0.22, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.19 |
Correlation (All Time) Calculated using the full available price history since May 17, 2022 | -0.12 |
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Return for Risk
ARTLX vs. APFPX — Risk / Return Rank
ARTLX
APFPX
ARTLX vs. APFPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Artisan Value Fund (ARTLX) and Artisan Global Unconstrained Fund (APFPX). 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.
| ARTLX | APFPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.54 | ||
| Sortino ratioReturn per unit of downside risk | -5.21 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 2.16 | -0.96 |
| Calmar ratioReturn relative to maximum drawdown | 1.40 | 12.89 | -11.49 |
| Martin ratioReturn relative to average drawdown | 4.62 | 55.94 | -51.32 |
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Drawdowns
ARTLX vs. APFPX - Drawdown Comparison
The maximum ARTLX drawdown since its inception was -57.91%, which is greater than APFPX's maximum drawdown of -2.10%. Use the drawdown chart below to compare losses from any high point for ARTLX and APFPX.
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Drawdown Indicators
| ARTLX | APFPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.91% | -2.10% | -55.81% |
Max Drawdown (1Y)Largest decline over 1 year | -9.35% | -0.90% | -8.45% |
Max Drawdown (3Y)Largest decline over 3 years | -13.28% | -2.02% | -11.26% |
Max Drawdown (5Y)Largest decline over 5 years | -22.89% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -39.03% | — | — |
Current DrawdownCurrent decline from peak | -2.04% | -0.25% | -1.79% |
Average DrawdownAverage peak-to-trough decline | -8.32% | -0.25% | -8.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 0.21% | +2.61% |
Volatility
ARTLX vs. APFPX - Volatility Comparison
Artisan Value Fund (ARTLX) has a higher volatility of 3.46% compared to Artisan Global Unconstrained Fund (APFPX) at 0.59%. This indicates that ARTLX's price experiences larger fluctuations and is considered to be riskier than APFPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARTLX | APFPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.46% | 0.59% | +2.87% |
Volatility (6M)Calculated over the trailing 6-month period | 8.82% | 2.12% | +6.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.82% | 2.49% | +9.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.25% | 2.75% | +12.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.06% | 2.75% | +15.31% |
ARTLX vs. APFPX - Expense Ratio Comparison
ARTLX has a 1.05% expense ratio, which is lower than APFPX's 1.54% expense ratio.
Dividends
ARTLX vs. APFPX - Dividend Comparison
ARTLX's dividend yield for the trailing twelve months is around 13.37%, more than APFPX's 4.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
APFPX Artisan Global Unconstrained Fund | 4.58% | 4.01% | 6.18% | 6.89% | 8.60% | 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 APFPX have a correlation of -0.22, 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 APFPX (0.59%). In terms of maximum drawdown, ARTLX dropped -57.91% vs APFPX's -2.10%.
APFPX currently has the higher Sharpe Ratio (4.64 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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