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ARTMX vs. APFWX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ARTMX vs. APFWX

Last updated Jun 24, 2026

ARTMX (Artisan Mid Cap Fund) and APFWX (Artisan Value Income Fund) are both mutual funds - ARTMX is a Mid Cap Growth Equities fund managed by Artisan, while APFWX is a Large Cap Value Equities fund managed by Artisan. Over the past 3 years, ARTMX returned 14.61%/yr vs 11.44%/yr for APFWX. A 0.62 correlation means they provide meaningful diversification when combined. ARTMX charges 1.18%/yr vs 1.20%/yr for APFWX.

Performance

ARTMX vs. APFWX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Artisan Mid Cap Fund (ARTMX) and Artisan Value Income Fund (APFWX). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, ARTMX achieves a 7.61% return, which is significantly higher than APFWX's 5.65% return.

ARTMX

1D
0.49%
1M
4.26%
YTD
7.61%
6M
5.89%
1Y
19.40%
3Y*
14.61%
5Y*
2.14%
10Y*
12.13%

APFWX

1D
0.09%
1M
-1.52%
YTD
5.65%
6M
4.81%
1Y
12.47%
3Y*
11.44%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

ARTMX vs. APFWX - Yearly Performance Comparison

2026 (YTD)2025202420232022
ARTMX
Artisan Mid Cap Fund		7.61%14.92%11.78%23.99%-7.07%
APFWX
Artisan Value Income Fund		5.65%9.35%9.69%10.87%-3.86%

Correlation

The correlation between ARTMX and APFWX is 0.51, 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

0.51

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

0.54

Correlation (All Time)
Calculated using the full available price history since May 16, 2022

0.62

The correlation between ARTMX and APFWX shifts across timeframes, from 0.51 (1 year) to 0.62 (all time), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Artisan Mid Cap Fund

Artisan Value Income Fund

Often compared with ARTMX:
ARTMX vs. POSKXARTMX vs. JENSXARTMX vs. VOOARTMX vs. VIGARTMX vs. SPYARTMX vs. FCNTXARTMX vs. IJH
Often compared with APFWX:
APFWX vs. VTVAPFWX vs. FGINXAPFWX vs. TOWFXAPFWX vs. ARTGXAPFWX vs. SWLVXAPFWX vs. ARTYXAPFWX vs. ACIIX

Return for Risk

ARTMX vs. APFWX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ARTMX
ARTMX Risk / Return Rank: 2121
Overall Rank
ARTMX Sharpe Ratio Rank: 1919
Sharpe Ratio Rank
ARTMX Sortino Ratio Rank: 1919
Sortino Ratio Rank
ARTMX Omega Ratio Rank: 1717
Omega Ratio Rank
ARTMX Calmar Ratio Rank: 2121
Calmar Ratio Rank
ARTMX Martin Ratio Rank: 2727
Martin Ratio Rank
APFWX
APFWX Risk / Return Rank: 2424
Overall Rank
APFWX Sharpe Ratio Rank: 2424
Sharpe Ratio Rank
APFWX Sortino Ratio Rank: 2525
Sortino Ratio Rank
APFWX Omega Ratio Rank: 2121
Omega Ratio Rank
APFWX Calmar Ratio Rank: 2424
Calmar Ratio Rank
APFWX Martin Ratio Rank: 2626
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.

ARTMX vs. APFWX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Artisan Mid Cap Fund (ARTMX) and Artisan Value Income Fund (APFWX). 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.

ARTMXAPFWXDifference
Sharpe ratioReturn per unit of total volatility
1.15
1.28

-0.13

Sortino ratioReturn per unit of downside risk
1.69
1.90

-0.21

Omega ratioGain probability vs. loss probability

1.20

1.22

-0.02

Calmar ratioReturn relative to maximum drawdown

1.56

1.66

-0.11

Martin ratioReturn relative to average drawdown

5.97

5.62

+0.35

ARTMX vs. APFWX - Sharpe Ratio Comparison

The current ARTMX Sharpe Ratio is 1.15, which is comparable to the APFWX Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of ARTMX and APFWX, 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

ARTMX vs. APFWX - Drawdown Comparison

The maximum ARTMX drawdown since its inception was -57.80%, which is greater than APFWX's maximum drawdown of -16.00%. Use the drawdown chart below to compare losses from any high point for ARTMX and APFWX.

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Drawdown Indicators

ARTMXAPFWXDifference

Max Drawdown

Largest peak-to-trough decline

-57.80%

-16.00%

-41.80%

Max Drawdown (1Y)

Largest decline over 1 year

-13.32%

-8.01%

-5.31%

Max Drawdown (3Y)

Largest decline over 3 years

-24.65%

-14.65%

-10.00%

Max Drawdown (5Y)

Largest decline over 5 years

-43.73%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-43.73%

—

—

Current Drawdown

Current decline from peak

-0.84%

-2.29%

+1.45%

Average Drawdown

Average peak-to-trough decline

-11.98%

-3.69%

-8.29%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.46%

2.36%

+1.10%

Volatility

ARTMX vs. APFWX - Volatility Comparison

Artisan Mid Cap Fund (ARTMX) has a higher volatility of 6.68% compared to Artisan Value Income Fund (APFWX) at 2.83%. This indicates that ARTMX's price experiences larger fluctuations and is considered to be riskier than APFWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ARTMXAPFWXDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.68%

2.83%

+3.85%

Volatility (6M)

Calculated over the trailing 6-month period

14.86%

7.33%

+7.53%

Volatility (1Y)

Calculated over the trailing 1-year period

18.07%

10.46%

+7.61%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

24.22%

13.57%

+10.65%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.61%

13.57%

+9.04%

ARTMX vs. APFWX - Expense Ratio Comparison

ARTMX has a 1.18% expense ratio, which is lower than APFWX's 1.20% expense ratio.

Dividends

ARTMX vs. APFWX - Dividend Comparison

ARTMX's dividend yield for the trailing twelve months is around 17.97%, more than APFWX's 2.07% yield.

PositionTTM20252024202320222021202020192018201720162015
APFWX
Artisan Value Income Fund		2.07%1.61%2.38%2.62%2.10%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
ARTMX
Artisan Mid Cap Fund		17.97%19.33%15.43%0.00%0.29%19.29%14.97%12.88%27.63%14.97%9.19%16.40%

Frequently Asked Questions

ARTMX and APFWX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ARTMX has higher volatility (6.68%) compared to APFWX (2.83%). In terms of maximum drawdown, ARTMX dropped -57.80% vs APFWX's -16.00%.

APFWX currently has the higher Sharpe Ratio (1.28 vs 1.15), 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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