ARTRX vs. APFWX

Last updated Jun 5, 2026

ARTRX (Artisan Global Opportunities Fund Class I) and APFWX (Artisan Value Income Fund) are both mutual funds - ARTRX is a Global Equities fund managed by Artisan, while APFWX is a Large Cap Value Equities fund managed by Artisan. Over the past 3 years, ARTRX returned 12.61%/yr vs 11.54%/yr for APFWX. A 0.65 correlation means they provide meaningful diversification when combined. ARTRX charges 1.14%/yr vs 1.20%/yr for APFWX.

Performance

ARTRX vs. APFWX - Performance Comparison

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

Returns By Period

In the year-to-date period, ARTRX achieves a 5.15% return, which is significantly lower than APFWX's 5.47% return.

ARTRX

• 1D: -0.59%
• 1M: 1.24%
• YTD: 5.15%
• 6M: 3.47%
• 1Y: 11.09%
• 3Y*: 12.61%
• 5Y*: 4.14%
• 10Y*: 11.31%

APFWX

• 1D: -0.60%
• 1M: -0.60%
• YTD: 5.47%
• 6M: 5.86%
• 1Y: 13.68%
• 3Y*: 11.54%
• 5Y*: —
• 10Y*: —

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

ARTRX vs. APFWX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ARTRX Artisan Global Opportunities Fund Class I	5.15%	8.91%	14.82%	23.02%	-3.05%
APFWX Artisan Value Income Fund	5.47%	9.35%	9.69%	10.87%	-3.86%

Correlation

The correlation between ARTRX and APFWX is 0.54, 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	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (All Time) Calculated using the full available price history since May 17, 2022	0.65

The correlation between ARTRX and APFWX shifts across timeframes, from 0.54 (1 year) to 0.65 (all time), reflecting how their relationship changes across market environments.

Return for Risk

ARTRX vs. APFWX — Risk / Return Rank

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

ARTRX

ARTRX Risk / Return Rank: 10
ARTRX Sharpe Ratio Rank: 10
ARTRX Sortino Ratio Rank: 10
ARTRX Omega Ratio Rank: 10
ARTRX Calmar Ratio Rank: 10
ARTRX Martin Ratio Rank: 10

APFWX

APFWX Risk / Return Rank: 23
APFWX Sharpe Ratio Rank: 23
APFWX Sortino Ratio Rank: 23
APFWX Omega Ratio Rank: 21
APFWX Calmar Ratio Rank: 23
APFWX Martin Ratio Rank: 25

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.

ARTRX vs. APFWX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Artisan Global Opportunities Fund Class I (ARTRX) 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.

	ARTRX	APFWX	Difference
Sharpe ratio: Return per unit of total volatility	0.83	1.33	-0.50
Sortino ratio: Return per unit of downside risk	1.21	1.98	-0.77
Omega ratio: Gain probability vs. loss probability	1.15	1.23	-0.08
Calmar ratio: Return relative to maximum drawdown	0.92	1.72	-0.81
Martin ratio: Return relative to average drawdown	2.79	5.87	-3.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ARTRX vs. APFWX - Sharpe Ratio Comparison

The current ARTRX Sharpe Ratio is 0.83, which is lower than the APFWX Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of ARTRX 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.

Sharpe Ratios by Period

	ARTRX	APFWX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.83	1.33	-0.50
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.21	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.57	-0.05

Drawdowns

ARTRX vs. APFWX - Drawdown Comparison

The maximum ARTRX drawdown since its inception was -46.00%, which is greater than APFWX's maximum drawdown of -16.00%. Use the drawdown chart below to compare losses from any high point for ARTRX and APFWX.

Drawdown Indicators

	ARTRX	APFWX	Difference
Max Drawdown Largest peak-to-trough decline	-46.00%	-16.00%	-30.00%
Max Drawdown (1Y) Largest decline over 1 year	-12.71%	-8.01%	-4.70%
Max Drawdown (3Y) Largest decline over 3 years	-25.82%	-14.65%	-11.17%
Max Drawdown (5Y) Largest decline over 5 years	-38.37%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-38.37%	—	—
Current Drawdown Current decline from peak	-0.88%	-2.45%	+1.57%
Average Drawdown Average peak-to-trough decline	-8.25%	-3.72%	-4.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.15%	2.34%	+1.81%

Volatility

ARTRX vs. APFWX - Volatility Comparison

Artisan Global Opportunities Fund Class I (ARTRX) has a higher volatility of 4.09% compared to Artisan Value Income Fund (APFWX) at 2.48%. This indicates that ARTRX'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.

Volatility by Period

	ARTRX	APFWX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.09%	2.48%	+1.61%
Volatility (6M) Calculated over the trailing 6-month period	10.99%	7.20%	+3.79%
Volatility (1Y) Calculated over the trailing 1-year period	14.05%	10.36%	+3.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.73%	13.60%	+6.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.00%	13.60%	+5.40%

ARTRX vs. APFWX - Expense Ratio Comparison

ARTRX has a 1.14% expense ratio, which is lower than APFWX's 1.20% expense ratio.

Dividends

ARTRX vs. APFWX - Dividend Comparison

ARTRX's dividend yield for the trailing twelve months is around 3.40%, more than APFWX's 2.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
ARTRX Artisan Global Opportunities Fund Class I	3.40%	3.57%	12.34%	2.30%	0.00%	10.78%	6.67%	6.94%	7.32%	4.15%	0.17%	0.70%

Frequently Asked Questions

Can I hold both ARTRX and APFWX in my portfolio?

ARTRX and APFWX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ARTRX or APFWX?

ARTRX has higher volatility (4.09%) compared to APFWX (2.48%). In terms of maximum drawdown, ARTRX dropped -46.00% vs APFWX's -16.00%.

Which has better risk-adjusted returns?

APFWX currently has the higher Sharpe Ratio (1.33 vs 0.83), 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.