ARTMX vs. IJH
ARTMX (Artisan Mid Cap Fund) and IJH (iShares Core S&P Mid-Cap ETF) are both funds - ARTMX is a Mid Cap Growth Equities fund managed by Artisan, while IJH is a Mid Cap Blend Equities fund tracking the S&P MidCap 400 Index. Over the past 10 years, ARTMX returned 11.73%/yr vs 11.74%/yr for IJH. Their correlation of 0.87 suggests significant overlap in exposure. ARTMX charges 1.18%/yr vs 0.05%/yr for IJH.
Performance
ARTMX vs. IJH - Performance Comparison
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Returns By Period
In the year-to-date period, ARTMX achieves a 7.09% return, which is significantly lower than IJH's 15.82% return. Both investments have delivered pretty close results over the past 10 years, with ARTMX having a 11.73% annualized return and IJH not far ahead at 11.74%.
ARTMX
- 1D
- 1.86%
- 1M
- 3.76%
- YTD
- 7.09%
- 6M
- 5.10%
- 1Y
- 19.95%
- 3Y*
- 13.69%
- 5Y*
- 2.47%
- 10Y*
- 11.73%
IJH
- 1D
- 0.38%
- 1M
- 3.76%
- YTD
- 15.82%
- 6M
- 13.38%
- 1Y
- 27.53%
- 3Y*
- 16.50%
- 5Y*
- 8.90%
- 10Y*
- 11.74%
ARTMX vs. IJH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ARTMX Artisan Mid Cap Fund | 7.09% | 14.92% | 11.78% | 23.99% | -36.82% | 10.12% | 58.62% | 37.97% | -4.30% | 20.61% |
IJH iShares Core S&P Mid-Cap ETF | 15.82% | 7.42% | 13.92% | 16.40% | -13.11% | 24.72% | 13.60% | 26.10% | -11.19% | 16.26% |
Correlation
The correlation between ARTMX and IJH is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since May 26, 2000 | 0.87 |
The correlation between ARTMX and IJH has been stable across timeframes, ranging from 0.77 to 0.87 - a consistent structural relationship.
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Return for Risk
ARTMX vs. IJH — Risk / Return Rank
ARTMX
IJH
ARTMX vs. IJH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Artisan Mid Cap Fund (ARTMX) and iShares Core S&P Mid-Cap ETF (IJH). 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.
| ARTMX | IJH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.31 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.51 | 3.13 | -1.62 |
| Martin ratioReturn relative to average drawdown | 5.81 | 11.45 | -5.64 |
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Drawdowns
ARTMX vs. IJH - Drawdown Comparison
The maximum ARTMX drawdown since its inception was -57.80%, roughly equal to the maximum IJH drawdown of -55.07%. Use the drawdown chart below to compare losses from any high point for ARTMX and IJH.
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Drawdown Indicators
| ARTMX | IJH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.80% | -55.07% | -2.73% |
Max Drawdown (1Y)Largest decline over 1 year | -13.32% | -8.83% | -4.49% |
Max Drawdown (3Y)Largest decline over 3 years | -24.65% | -24.10% | -0.55% |
Max Drawdown (5Y)Largest decline over 5 years | -43.73% | -24.10% | -19.63% |
Max Drawdown (10Y)Largest decline over 10 years | -43.73% | -42.18% | -1.55% |
Current DrawdownCurrent decline from peak | -1.32% | -0.12% | -1.20% |
Average DrawdownAverage peak-to-trough decline | -11.99% | -7.56% | -4.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.46% | 2.41% | +1.05% |
Volatility
ARTMX vs. IJH - Volatility Comparison
Artisan Mid Cap Fund (ARTMX) has a higher volatility of 7.01% compared to iShares Core S&P Mid-Cap ETF (IJH) at 4.59%. This indicates that ARTMX's price experiences larger fluctuations and is considered to be riskier than IJH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARTMX | IJH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.01% | 4.59% | +2.42% |
Volatility (6M)Calculated over the trailing 6-month period | 14.86% | 11.70% | +3.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.03% | 15.87% | +2.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.22% | 19.76% | +4.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.60% | 21.21% | +1.39% |
ARTMX vs. IJH - Expense Ratio Comparison
ARTMX has a 1.18% expense ratio, which is higher than IJH's 0.05% expense ratio.
Dividends
ARTMX vs. IJH - Dividend Comparison
ARTMX's dividend yield for the trailing twelve months is around 18.06%, more than IJH's 1.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARTMX Artisan Mid Cap Fund | 18.06% | 19.33% | 15.43% | 0.00% | 0.29% | 19.29% | 14.97% | 12.88% | 27.63% | 14.97% | 9.19% | 16.40% |
IJH iShares Core S&P Mid-Cap ETF | 1.17% | 1.36% | 1.33% | 1.46% | 1.68% | 1.18% | 1.28% | 1.63% | 1.72% | 1.19% | 1.60% | 1.56% |
Frequently Asked Questions
ARTMX and IJH have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARTMX has higher volatility (7.01%) compared to IJH (4.59%). In terms of maximum drawdown, ARTMX dropped -57.80% vs IJH's -55.07%.
IJH currently has the higher Sharpe Ratio (1.75 vs 1.12), 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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