ARTMX vs. VO
ARTMX (Artisan Mid Cap Fund) and VO (Vanguard Mid-Cap ETF) are both funds - ARTMX is a Mid Cap Growth Equities fund managed by Artisan, while VO is a Mid Cap Blend Equities fund tracking the CRSP US Mid Cap Index. Over the past 10 years, ARTMX returned 10.70%/yr vs 11.50%/yr for VO. Their correlation of 0.90 means they have usually moved in the same direction. ARTMX charges 1.18%/yr vs 0.03%/yr for VO.
Performance
ARTMX vs. VO - Performance Comparison
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Returns By Period
In the year-to-date period, ARTMX achieves a 2.35% return, which is significantly lower than VO's 12.35% return. Over the past 10 years, ARTMX has underperformed VO with an annualized return of 10.70%, while VO has yielded a comparatively higher 11.50% annualized return.
ARTMX
- 1D
- 1.92%
- 1M
- -6.22%
- 6M
- 1.82%
- YTD
- 2.35%
- 1Y
- 9.36%
- 3Y*
- 10.27%
- 5Y*
- 0.25%
- 10Y*
- 10.70%
- ALL TIME*
- 11.62%
VO
- 1D
- -0.05%
- 1M
- 0.55%
- 6M
- 10.12%
- YTD
- 12.35%
- 1Y
- 16.51%
- 3Y*
- 14.32%
- 5Y*
- 7.77%
- 10Y*
- 11.50%
- ALL TIME*
- 10.33%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
ARTMX Artisan Mid Cap Fund | $0.00 | $0.00 | $0.00 |
| $194.51M | $293.72M | $235.90M |
ARTMX vs. VO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ARTMX Artisan Mid Cap Fund | 2.35% | 14.92% | 11.78% | 23.99% | -36.82% | 10.12% | 58.62% | 37.97% | -4.30% | 20.61% |
VO Vanguard Mid-Cap ETF | 12.35% | 11.62% | 15.31% | 16.03% | -18.73% | 24.70% | 18.10% | 30.98% | -9.24% | 19.28% |
Correlation
The correlation between ARTMX and VO is 0.83, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.83 |
Correlation (3Y) Balances recent behavior with more history. | 0.82 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.86 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2004 | 0.90 |
The correlation between ARTMX and VO has been stable across timeframes, ranging from 0.82 to 0.90 - a consistent structural relationship.
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Return for Risk
ARTMX vs. VO — Risk / Return Rank
ARTMX
VO
ARTMX vs. VO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Artisan Mid Cap Fund (ARTMX) and Vanguard Mid-Cap ETF (VO). 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 | VO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.21 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.65 | 1.83 | -1.18 |
| Martin ratioReturn relative to average drawdown | 2.28 | 6.99 | -4.72 |
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Drawdowns
ARTMX vs. VO - Drawdown Comparison
The maximum ARTMX drawdown since its inception was -57.80%, roughly equal to the maximum VO drawdown of -58.87%. Use the drawdown chart below to compare losses from any high point for ARTMX and VO.
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Drawdown Indicators
| ARTMX | VO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.80% | -58.87% | +1.07% |
Max Drawdown (1Y)Largest decline over 1 year | -13.32% | -8.17% | -5.15% |
Max Drawdown (3Y)Largest decline over 3 years | -24.65% | -19.02% | -5.63% |
Max Drawdown (5Y)Largest decline over 5 years | -43.73% | -27.57% | -16.16% |
Max Drawdown (10Y)Largest decline over 10 years | -43.73% | -39.37% | -4.36% |
Current DrawdownCurrent decline from peak | -7.71% | -0.49% | -7.22% |
Average DrawdownAverage peak-to-trough decline | -11.96% | -7.81% | -4.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.80% | 2.13% | +1.67% |
Volatility
ARTMX vs. VO - Volatility Comparison
Artisan Mid Cap Fund (ARTMX) has a higher volatility of 5.30% compared to Vanguard Mid-Cap ETF (VO) at 2.09%. This indicates that ARTMX's price experiences larger fluctuations and is considered to be riskier than VO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARTMX | VO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.30% | 2.09% | +3.21% |
Volatility (6M)Calculated over the trailing 6-month period | 15.62% | 9.44% | +6.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.71% | 12.61% | +6.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.32% | 17.59% | +6.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.60% | 18.86% | +3.74% |
ARTMX vs. VO - Expense Ratio Comparison
ARTMX has a 1.18% expense ratio, which is higher than VO's 0.03% expense ratio.
Dividends
ARTMX vs. VO - Dividend Comparison
ARTMX's dividend yield for the trailing twelve months is around 18.89%, more than VO's 1.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARTMX Artisan Mid Cap Fund | 18.89% | 19.33% | 15.43% | 0.00% | 0.29% | 19.29% | 14.97% | 12.88% | 27.63% | 14.97% | 9.19% | 16.40% |
VO Vanguard Mid-Cap ETF | 1.32% | 1.52% | 1.49% | 1.52% | 1.60% | 1.12% | 1.45% | 1.48% | 1.82% | 1.35% | 1.45% | 1.47% |
Frequently Asked Questions
ARTMX and VO have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARTMX has higher volatility (5.30%) compared to VO (2.09%). In terms of maximum drawdown, ARTMX dropped -57.80% vs VO's -58.87%.
VO currently has the higher Sharpe Ratio (1.18 vs 0.47), 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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