ARTRX vs. UCEQX

Last updated Jun 26, 2026

ARTRX (Artisan Global Opportunities Fund Class I) and UCEQX (USAA Cornerstone Equity Fund) are both Global Equities funds. Over the past 10 years, ARTRX returned 11.82%/yr vs 11.82%/yr for UCEQX. Their correlation of 0.87 suggests significant overlap in exposure. ARTRX charges 1.14%/yr vs 0.09%/yr for UCEQX.

Performance

ARTRX vs. UCEQX - Performance Comparison

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

Returns By Period

In the year-to-date period, ARTRX achieves a 4.37% return, which is significantly lower than UCEQX's 11.63% return. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: ARTRX at 11.82% and UCEQX at 11.82%.

ARTRX

• 1D: 0.29%
• 1M: -0.71%
• YTD: 4.37%
• 6M: 3.41%
• 1Y: 8.67%
• 3Y*: 12.34%
• 5Y*: 3.48%
• 10Y*: 11.82%

UCEQX

• 1D: -0.17%
• 1M: -0.95%
• YTD: 11.63%
• 6M: 10.77%
• 1Y: 26.10%
• 3Y*: 20.38%
• 5Y*: 10.53%
• 10Y*: 11.82%

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

ARTRX vs. UCEQX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ARTRX Artisan Global Opportunities Fund Class I	4.37%	8.91%	14.82%	23.02%	-30.38%	13.48%	39.84%	35.54%	-9.20%	31.22%
UCEQX USAA Cornerstone Equity Fund	11.63%	23.71%	14.50%	19.36%	-16.25%	19.68%	10.76%	22.49%	-12.06%	22.59%

Correlation

The correlation between ARTRX and UCEQX is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (10Y) Calculated over the trailing 10-year period	0.86
Correlation (All Time) Calculated using the full available price history since Jun 13, 2012	0.87

The correlation between ARTRX and UCEQX has been stable across timeframes, ranging from 0.84 to 0.88 - a consistent structural relationship.

Return for Risk

ARTRX vs. UCEQX — Risk / Return Rank

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

ARTRX

ARTRX Risk / Return Rank: 9
ARTRX Sharpe Ratio Rank: 9
ARTRX Sortino Ratio Rank: 9
ARTRX Omega Ratio Rank: 9
ARTRX Calmar Ratio Rank: 9
ARTRX Martin Ratio Rank: 9

UCEQX

UCEQX Risk / Return Rank: 70
UCEQX Sharpe Ratio Rank: 68
UCEQX Sortino Ratio Rank: 64
UCEQX Omega Ratio Rank: 64
UCEQX Calmar Ratio Rank: 74
UCEQX Martin Ratio Rank: 81

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. UCEQX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Artisan Global Opportunities Fund Class I (ARTRX) and USAA Cornerstone Equity Fund (UCEQX). 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	UCEQX	Difference
Sharpe ratio: Return per unit of total volatility	0.57	1.98	-1.40
Sortino ratio: Return per unit of downside risk	0.87	2.72	-1.86
Omega ratio: Gain probability vs. loss probability	1.11	1.36	-0.25
Calmar ratio: Return relative to maximum drawdown	0.66	2.88	-2.22
Martin ratio: Return relative to average drawdown	2.01	12.54	-10.54

ARTRX vs. UCEQX - Sharpe Ratio Comparison

The current ARTRX Sharpe Ratio is 0.57, which is lower than the UCEQX Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of ARTRX and UCEQX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ARTRX vs. UCEQX - Drawdown Comparison

The maximum ARTRX drawdown since its inception was -46.00%, which is greater than UCEQX's maximum drawdown of -35.33%. Use the drawdown chart below to compare losses from any high point for ARTRX and UCEQX.

Drawdown Indicators

	ARTRX	UCEQX	Difference
Max Drawdown Largest peak-to-trough decline	-46.00%	-35.33%	-10.67%
Max Drawdown (1Y) Largest decline over 1 year	-12.71%	-8.96%	-3.75%
Max Drawdown (3Y) Largest decline over 3 years	-25.82%	-15.64%	-10.18%
Max Drawdown (5Y) Largest decline over 5 years	-38.37%	-25.24%	-13.13%
Max Drawdown (10Y) Largest decline over 10 years	-38.37%	-35.33%	-3.04%
Current Drawdown Current decline from peak	-1.61%	-2.63%	+1.02%
Average Drawdown Average peak-to-trough decline	-8.23%	-4.86%	-3.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.18%	2.05%	+2.13%

Volatility

ARTRX vs. UCEQX - Volatility Comparison

Artisan Global Opportunities Fund Class I (ARTRX) and USAA Cornerstone Equity Fund (UCEQX) have volatilities of 5.42% and 5.47%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARTRX	UCEQX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.42%	5.47%	-0.05%
Volatility (6M) Calculated over the trailing 6-month period	11.81%	10.81%	+1.00%
Volatility (1Y) Calculated over the trailing 1-year period	14.79%	13.11%	+1.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.84%	15.40%	+4.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.97%	16.48%	+2.49%

ARTRX vs. UCEQX - Expense Ratio Comparison

ARTRX has a 1.14% expense ratio, which is higher than UCEQX's 0.09% expense ratio.

Dividends

ARTRX vs. UCEQX - Dividend Comparison

ARTRX's dividend yield for the trailing twelve months is around 3.42%, less than UCEQX's 4.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARTRX Artisan Global Opportunities Fund Class I	3.42%	3.57%	12.34%	2.30%	0.00%	10.78%	6.67%	6.94%	7.32%	4.15%	0.17%	0.70%
UCEQX USAA Cornerstone Equity Fund	4.55%	5.08%	2.56%	5.10%	6.80%	4.61%	8.25%	4.79%	6.73%	1.91%	3.16%	3.63%

Frequently Asked Questions

Can I hold both ARTRX and UCEQX in my portfolio?

ARTRX and UCEQX have a correlation of 0.88, 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 UCEQX?

UCEQX has higher volatility (5.47%) compared to ARTRX (5.42%). In terms of maximum drawdown, ARTRX dropped -46.00% vs UCEQX's -35.33%.

Which has better risk-adjusted returns?

UCEQX currently has the higher Sharpe Ratio (1.98 vs 0.57), 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.