ARTLX vs. HDCTX

Last updated Apr 1, 2026

Compare and contrast key facts about Artisan Value Fund (ARTLX) and Rational Equity Armor Fund (HDCTX).

ARTLX is managed by Artisan. It was launched on Mar 27, 2006. HDCTX is managed by Rational Funds. It was launched on Feb 28, 2001.

Performance

ARTLX vs. HDCTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Artisan Value Fund (ARTLX) and Rational Equity Armor Fund (HDCTX). The values are adjusted to include any dividend payments, if applicable.

ARTLX vs. HDCTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ARTLX Artisan Value Fund	-5.55%	14.48%	12.11%	24.27%	-8.73%	23.25%	10.85%	30.27%	-15.23%	16.06%
HDCTX Rational Equity Armor Fund	-2.29%	12.64%	16.85%	2.95%	-10.68%	14.52%	15.85%	11.32%	-11.94%	-1.99%

Returns By Period

In the year-to-date period, ARTLX achieves a -5.55% return, which is significantly lower than HDCTX's -2.29% return. Over the past 10 years, ARTLX has outperformed HDCTX with an annualized return of 11.09%, while HDCTX has yielded a comparatively lower 4.36% annualized 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%

HDCTX

• 1D: -0.54%
• 1M: -4.07%
• YTD: -2.29%
• 6M: -2.29%
• 1Y: 12.17%
• 3Y*: 10.69%
• 5Y*: 5.11%
• 10Y*: 4.36%

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

ARTLX vs. HDCTX - Expense Ratio Comparison

ARTLX has a 1.05% expense ratio, which is lower than HDCTX's 1.17% expense ratio.

HDCTX

Rational Equity Armor Fund

ARTLX

Artisan Value Fund

Return for Risk

ARTLX vs. HDCTX — 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

HDCTX

HDCTX Risk / Return Rank: 59
HDCTX Sharpe Ratio Rank: 63
HDCTX Sortino Ratio Rank: 65
HDCTX Omega Ratio Rank: 55
HDCTX Calmar Ratio Rank: 70
HDCTX Martin Ratio Rank: 43

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. HDCTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Artisan Value Fund (ARTLX) and Rational Equity Armor Fund (HDCTX). 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	HDCTX	Difference
Sharpe ratio Return per unit of total volatility	0.42	1.14	-0.72
Sortino ratio Return per unit of downside risk	0.68	1.66	-0.98
Omega ratio Gain probability vs. loss probability	1.10	1.22	-0.13
Calmar ratio Return relative to maximum drawdown	0.41	1.63	-1.22
Martin ratio Return relative to average drawdown	1.46	4.43	-2.97
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. HDCTX - Sharpe Ratio Comparison

The current ARTLX Sharpe Ratio is 0.42, which is lower than the HDCTX Sharpe Ratio of 1.14. The chart below compares the historical Sharpe Ratios of ARTLX and HDCTX, 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	HDCTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.42	1.14	-0.72
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	0.49	+0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.62	0.38	+0.23
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.36	+0.06

Correlation

The correlation between ARTLX and HDCTX is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

ARTLX vs. HDCTX - Dividend Comparison

ARTLX's dividend yield for the trailing twelve months is around 14.66%, more than HDCTX's 0.12% 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%
HDCTX Rational Equity Armor Fund	0.12%	0.00%	0.00%	0.17%	0.78%	1.21%	1.10%	5.37%	7.86%	5.60%	3.28%	15.32%

Drawdowns

ARTLX vs. HDCTX - Drawdown Comparison

The maximum ARTLX drawdown since its inception was -57.91%, roughly equal to the maximum HDCTX drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for ARTLX and HDCTX.

Drawdown Indicators

	ARTLX	HDCTX	Difference
Max Drawdown Largest peak-to-trough decline	-57.91%	-59.05%	+1.14%
Max Drawdown (1Y) Largest decline over 1 year	-11.05%	-6.95%	-4.10%
Max Drawdown (5Y) Largest decline over 5 years	-22.89%	-18.22%	-4.67%
Max Drawdown (10Y) Largest decline over 10 years	-39.03%	-19.43%	-19.60%
Current Drawdown Current decline from peak	-9.15%	-6.95%	-2.20%
Average Drawdown Average peak-to-trough decline	-8.39%	-6.45%	-1.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.17%	2.56%	+0.61%

Volatility

ARTLX vs. HDCTX - Volatility Comparison

Artisan Value Fund (ARTLX) has a higher volatility of 4.00% compared to Rational Equity Armor Fund (HDCTX) at 1.82%. This indicates that ARTLX's price experiences larger fluctuations and is considered to be riskier than HDCTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARTLX	HDCTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.00%	1.82%	+2.18%
Volatility (6M) Calculated over the trailing 6-month period	8.91%	6.23%	+2.68%
Volatility (1Y) Calculated over the trailing 1-year period	15.44%	11.05%	+4.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.24%	10.49%	+4.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.09%	11.44%	+6.65%