ARTRX vs. APHFX
ARTRX (Artisan Global Opportunities Fund Class I) and APHFX (Artisan High Income Fund Class I) are both mutual funds - ARTRX is a Global Equities fund managed by Artisan, while APHFX is a High Yield Bonds fund actively managed by Artisan. Over the past 5 years, ARTRX returned 2.62%/yr vs 3.74%/yr for APHFX. Their 0.47 correlation means their historical movements had little consistent relationship. ARTRX charges 1.14%/yr vs 0.71%/yr for APHFX.
Performance
ARTRX vs. APHFX - Performance Comparison
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Returns By Period
In the year-to-date period, ARTRX achieves a 4.91% return, which is significantly higher than APHFX's 1.03% return.
ARTRX
- 1D
- 0.92%
- 1M
- -2.32%
- 6M
- 4.01%
- YTD
- 4.91%
- 1Y
- 5.89%
- 3Y*
- 11.92%
- 5Y*
- 2.62%
- 10Y*
- 10.81%
- ALL TIME*
- 10.77%
APHFX
- 1D
- 0.11%
- 1M
- -0.44%
- 6M
- 0.43%
- YTD
- 1.03%
- 1Y
- 3.68%
- 3Y*
- 8.11%
- 5Y*
- 3.74%
- 10Y*
- —
- ALL TIME*
- 5.68%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
ARTRX vs. APHFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ARTRX Artisan Global Opportunities Fund Class I | 4.91% | 8.91% | 14.82% | 23.02% | -30.38% | 13.48% | 39.84% | 35.54% | -9.20% | 31.22% |
APHFX Artisan High Income Fund Class I | 1.03% | 8.43% | 8.60% | 13.77% | -10.93% | 4.09% | 10.22% | 14.26% | -1.32% | 8.85% |
Correlation
The correlation between ARTRX and APHFX is 0.51, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.51 |
Correlation (3Y) Balances recent behavior with more history. | 0.48 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.47 |
The correlation between ARTRX and APHFX has been stable across timeframes, ranging from 0.47 to 0.51 - a consistent structural relationship.
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Return for Risk
ARTRX vs. APHFX — Risk / Return Rank
ARTRX
APHFX
ARTRX vs. APHFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Artisan Global Opportunities Fund Class I (ARTRX) and Artisan High Income Fund Class I (APHFX). 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.
| ARTRX | APHFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.84 | ||
| Sortino ratioReturn per unit of downside risk | -1.69 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.32 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.59 | 1.44 | -0.85 |
| Martin ratioReturn relative to average drawdown | 1.74 | 6.37 | -4.63 |
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Drawdowns
ARTRX vs. APHFX - Drawdown Comparison
The maximum ARTRX drawdown since its inception was -46.00%, which is greater than APHFX's maximum drawdown of -21.51%. Use the drawdown chart below to compare losses from any high point for ARTRX and APHFX.
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Drawdown Indicators
| ARTRX | APHFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.00% | -21.51% | -24.49% |
Max Drawdown (1Y)Largest decline over 1 year | -12.71% | -2.74% | -9.97% |
Max Drawdown (3Y)Largest decline over 3 years | -25.82% | -3.29% | -22.53% |
Max Drawdown (5Y)Largest decline over 5 years | -38.37% | -14.80% | -23.57% |
Max Drawdown (10Y)Largest decline over 10 years | -38.37% | — | — |
Current DrawdownCurrent decline from peak | -2.96% | -0.44% | -2.52% |
Average DrawdownAverage peak-to-trough decline | -8.19% | -2.46% | -5.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.27% | 0.62% | +3.65% |
Volatility
ARTRX vs. APHFX - Volatility Comparison
Artisan Global Opportunities Fund Class I (ARTRX) has a higher volatility of 3.65% compared to Artisan High Income Fund Class I (APHFX) at 0.47%. This indicates that ARTRX's price experiences larger fluctuations and is considered to be riskier than APHFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARTRX | APHFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.65% | 0.47% | +3.18% |
Volatility (6M)Calculated over the trailing 6-month period | 11.85% | 2.34% | +9.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.89% | 2.94% | +11.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.84% | 4.91% | +14.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.94% | 5.27% | +13.67% |
ARTRX vs. APHFX - Expense Ratio Comparison
ARTRX has a 1.14% expense ratio, which is higher than APHFX's 0.71% expense ratio.
Dividends
ARTRX vs. APHFX - Dividend Comparison
ARTRX's dividend yield for the trailing twelve months is around 3.41%, less than APHFX's 6.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
APHFX Artisan High Income Fund Class I | 6.45% | 6.96% | 7.39% | 5.56% | 5.83% | 5.50% | 6.01% | 6.44% | 7.25% | 7.96% | 0.00% | 0.00% |
ARTRX Artisan Global Opportunities Fund Class I | 3.41% | 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
ARTRX and APHFX 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.
ARTRX has higher volatility (3.65%) compared to APHFX (0.47%). In terms of maximum drawdown, ARTRX dropped -46.00% vs APHFX's -21.51%.
APHFX currently has the higher Sharpe Ratio (1.34 vs 0.50), 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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