ARTNX vs. APHKX

Last updated Jun 4, 2026

ARTNX (Artisan Select Equity Fund) and APHKX (Artisan International Value Fund) are both mutual funds - ARTNX is a Large Cap Blend Equities fund managed by Artisan, while APHKX is a Foreign Large Cap Equities fund actively managed by Artisan. Over the past 5 years, ARTNX returned 10.87%/yr vs 10.55%/yr for APHKX. Their correlation of 0.81 suggests significant overlap in exposure. ARTNX charges 1.26%/yr vs 0.97%/yr for APHKX.

Performance

ARTNX vs. APHKX - Performance Comparison

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

Returns By Period

In the year-to-date period, ARTNX achieves a 9.71% return, which is significantly lower than APHKX's 10.64% return.

ARTNX

• 1D: -0.43%
• 1M: 5.37%
• YTD: 9.71%
• 6M: 13.40%
• 1Y: 29.14%
• 3Y*: 22.28%
• 5Y*: 10.87%
• 10Y*: —

APHKX

• 1D: 0.59%
• 1M: 5.75%
• YTD: 10.64%
• 6M: 14.00%
• 1Y: 23.35%
• 3Y*: 16.96%
• 5Y*: 10.55%
• 10Y*: 10.96%

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

ARTNX vs. APHKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ARTNX Artisan Select Equity Fund	9.71%	28.66%	17.09%	26.12%	-18.16%	15.36%	20.60%
APHKX Artisan International Value Fund	10.64%	22.84%	6.64%	22.95%	-6.78%	16.94%	8.93%

Correlation

The correlation between ARTNX and APHKX is 0.72, 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	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (All Time) Calculated using the full available price history since Feb 10, 2020	0.81

The correlation between ARTNX and APHKX has been stable across timeframes, ranging from 0.72 to 0.81 - a consistent structural relationship.

Return for Risk

ARTNX vs. APHKX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ARTNX

ARTNX Risk / Return Rank: 61
ARTNX Sharpe Ratio Rank: 65
ARTNX Sortino Ratio Rank: 65
ARTNX Omega Ratio Rank: 57
ARTNX Calmar Ratio Rank: 60
ARTNX Martin Ratio Rank: 59

APHKX

APHKX Risk / Return Rank: 37
APHKX Sharpe Ratio Rank: 35
APHKX Sortino Ratio Rank: 36
APHKX Omega Ratio Rank: 42
APHKX Calmar Ratio Rank: 38
APHKX Martin Ratio Rank: 35

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.

ARTNX vs. APHKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Artisan Select Equity Fund (ARTNX) and Artisan International Value Fund (APHKX). 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.

	ARTNX	APHKX	Difference
Sharpe ratio: Return per unit of total volatility	2.38	1.70	+0.68
Sortino ratio: Return per unit of downside risk	3.38	2.50	+0.88
Omega ratio: Gain probability vs. loss probability	1.42	1.35	+0.07
Calmar ratio: Return relative to maximum drawdown	2.98	2.32	+0.66
Martin ratio: Return relative to average drawdown	11.81	7.83	+3.98
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ARTNX vs. APHKX - Sharpe Ratio Comparison

The current ARTNX Sharpe Ratio is 2.38, which is higher than the APHKX Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of ARTNX and APHKX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ARTNX	APHKX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.38	1.70	+0.68
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	0.76	-0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.73	0.44	+0.29

Drawdowns

ARTNX vs. APHKX - Drawdown Comparison

The maximum ARTNX drawdown since its inception was -32.00%, smaller than the maximum APHKX drawdown of -56.33%. Use the drawdown chart below to compare losses from any high point for ARTNX and APHKX.

Drawdown Indicators

	ARTNX	APHKX	Difference
Max Drawdown Largest peak-to-trough decline	-32.00%	-56.33%	+24.33%
Max Drawdown (1Y) Largest decline over 1 year	-9.90%	-9.96%	+0.06%
Max Drawdown (3Y) Largest decline over 3 years	-11.97%	-10.87%	-1.10%
Max Drawdown (5Y) Largest decline over 5 years	-27.75%	-24.83%	-2.92%
Max Drawdown (10Y) Largest decline over 10 years	—	-38.07%	—
Current Drawdown Current decline from peak	-0.43%	0.00%	-0.43%
Average Drawdown Average peak-to-trough decline	-5.72%	-9.10%	+3.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.49%	2.94%	-0.45%

Volatility

ARTNX vs. APHKX - Volatility Comparison

The current volatility for Artisan Select Equity Fund (ARTNX) is 3.41%, while Artisan International Value Fund (APHKX) has a volatility of 4.36%. This indicates that ARTNX experiences smaller price fluctuations and is considered to be less risky than APHKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARTNX	APHKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.41%	4.36%	-0.95%
Volatility (6M) Calculated over the trailing 6-month period	9.59%	10.61%	-1.02%
Volatility (1Y) Calculated over the trailing 1-year period	12.37%	13.59%	-1.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.85%	13.94%	+1.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.25%	16.16%	+4.09%

ARTNX vs. APHKX - Expense Ratio Comparison

ARTNX has a 1.26% expense ratio, which is higher than APHKX's 0.97% expense ratio.

Dividends

ARTNX vs. APHKX - Dividend Comparison

ARTNX's dividend yield for the trailing twelve months is around 2.82%, less than APHKX's 6.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
APHKX Artisan International Value Fund	6.45%	7.10%	4.34%	3.10%	2.28%	10.00%	0.98%	3.92%	5.69%	4.15%	3.31%	6.40%
ARTNX Artisan Select Equity Fund	2.82%	3.10%	2.52%	0.47%	1.35%	4.90%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ARTNX and APHKX in my portfolio?

ARTNX and APHKX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ARTNX or APHKX?

APHKX has higher volatility (4.36%) compared to ARTNX (3.41%). In terms of maximum drawdown, ARTNX dropped -32.00% vs APHKX's -56.33%.

Which has better risk-adjusted returns?

ARTNX currently has the higher Sharpe Ratio (2.38 vs 1.70), 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.