ARTSX vs. ARTIX

Last updated Jun 4, 2026

ARTSX (Artisan Small Cap Fund) and ARTIX (Artisan International Fund) are both mutual funds - ARTSX is a Small Cap Growth Equities fund managed by Artisan, while ARTIX is a Foreign Large Cap Equities fund managed by Artisan. Over the past 10 years, ARTSX returned 12.27%/yr vs 9.79%/yr for ARTIX. A 0.60 correlation means they provide meaningful diversification when combined. Both charge a 1.19% expense ratio.

Performance

ARTSX vs. ARTIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Artisan Small Cap Fund (ARTSX) and Artisan International Fund (ARTIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with ARTSX having a 14.13% return and ARTIX slightly lower at 13.73%. Over the past 10 years, ARTSX has outperformed ARTIX with an annualized return of 12.27%, while ARTIX has yielded a comparatively lower 9.79% annualized return.

ARTSX

• 1D: 1.33%
• 1M: 9.06%
• YTD: 14.13%
• 6M: 12.25%
• 1Y: 33.16%
• 3Y*: 16.13%
• 5Y*: 2.95%
• 10Y*: 12.27%

ARTIX

• 1D: -0.35%
• 1M: -1.57%
• YTD: 13.73%
• 6M: 17.27%
• 1Y: 26.15%
• 3Y*: 22.57%
• 5Y*: 9.93%
• 10Y*: 9.79%

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

ARTSX vs. ARTIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ARTSX Artisan Small Cap Fund	14.13%	8.46%	20.56%	9.29%	-29.44%	-9.05%	60.95%	40.04%	1.97%	26.97%
ARTIX Artisan International Fund	13.73%	36.21%	10.59%	14.27%	-19.54%	8.87%	7.58%	29.16%	-11.03%	31.03%

Correlation

The correlation between ARTSX and ARTIX is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.62
Correlation (10Y) Calculated over the trailing 10-year period	0.62
Correlation (All Time) Calculated using the full available price history since May 23, 1996	0.60

The correlation between ARTSX and ARTIX shifts across timeframes, from 0.48 (1 year) to 0.62 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

ARTSX vs. ARTIX — Risk / Return Rank

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

ARTSX

ARTSX Risk / Return Rank: 35
ARTSX Sharpe Ratio Rank: 33
ARTSX Sortino Ratio Rank: 32
ARTSX Omega Ratio Rank: 29
ARTSX Calmar Ratio Rank: 36
ARTSX Martin Ratio Rank: 46

ARTIX

ARTIX Risk / Return Rank: 42
ARTIX Sharpe Ratio Rank: 37
ARTIX Sortino Ratio Rank: 40
ARTIX Omega Ratio Rank: 37
ARTIX Calmar Ratio Rank: 48
ARTIX Martin Ratio Rank: 46

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.

ARTSX vs. ARTIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Artisan Small Cap Fund (ARTSX) and Artisan International Fund (ARTIX). 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.

	ARTSX	ARTIX	Difference
Sharpe ratio: Return per unit of total volatility	1.64	1.78	-0.14
Sortino ratio: Return per unit of downside risk	2.38	2.61	-0.23
Omega ratio: Gain probability vs. loss probability	1.28	1.33	-0.04
Calmar ratio: Return relative to maximum drawdown	2.29	2.64	-0.35
Martin ratio: Return relative to average drawdown	9.62	9.62	0.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ARTSX vs. ARTIX - Sharpe Ratio Comparison

The current ARTSX Sharpe Ratio is 1.64, which is comparable to the ARTIX Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of ARTSX and ARTIX, 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

	ARTSX	ARTIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.64	1.78	-0.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.11	0.63	-0.52
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	0.60	-0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.47	-0.09

Drawdowns

ARTSX vs. ARTIX - Drawdown Comparison

The maximum ARTSX drawdown since its inception was -62.77%, roughly equal to the maximum ARTIX drawdown of -61.18%. Use the drawdown chart below to compare losses from any high point for ARTSX and ARTIX.

Drawdown Indicators

	ARTSX	ARTIX	Difference
Max Drawdown Largest peak-to-trough decline	-62.77%	-61.18%	-1.59%
Max Drawdown (1Y) Largest decline over 1 year	-15.44%	-9.78%	-5.66%
Max Drawdown (3Y) Largest decline over 3 years	-25.88%	-13.39%	-12.49%
Max Drawdown (5Y) Largest decline over 5 years	-47.88%	-33.88%	-14.00%
Max Drawdown (10Y) Largest decline over 10 years	-51.51%	-33.88%	-17.63%
Current Drawdown Current decline from peak	-7.10%	-5.06%	-2.04%
Average Drawdown Average peak-to-trough decline	-14.71%	-16.10%	+1.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.65%	2.67%	+0.98%

Volatility

ARTSX vs. ARTIX - Volatility Comparison

Artisan Small Cap Fund (ARTSX) has a higher volatility of 7.55% compared to Artisan International Fund (ARTIX) at 5.75%. This indicates that ARTSX's price experiences larger fluctuations and is considered to be riskier than ARTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARTSX	ARTIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.55%	5.75%	+1.80%
Volatility (6M) Calculated over the trailing 6-month period	17.71%	11.89%	+5.82%
Volatility (1Y) Calculated over the trailing 1-year period	21.49%	14.57%	+6.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.40%	15.85%	+11.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.54%	16.30%	+9.24%

ARTSX vs. ARTIX - Expense Ratio Comparison

Both ARTSX and ARTIX have an expense ratio of 1.19%.

Dividends

ARTSX vs. ARTIX - Dividend Comparison

ARTSX's dividend yield for the trailing twelve months is around 7.22%, less than ARTIX's 19.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARTIX Artisan International Fund	19.80%	22.52%	10.24%	1.79%	2.54%	23.35%	3.23%	5.24%	9.73%	0.67%	1.17%	0.45%
ARTSX Artisan Small Cap Fund	7.22%	8.24%	10.40%	0.00%	0.26%	12.11%	5.26%	7.83%	20.83%	16.26%	1.18%	10.12%

Frequently Asked Questions

Can I hold both ARTSX and ARTIX in my portfolio?

ARTSX and ARTIX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ARTSX or ARTIX?

ARTSX has higher volatility (7.55%) compared to ARTIX (5.75%). In terms of maximum drawdown, ARTSX dropped -62.77% vs ARTIX's -61.18%.

Which has better risk-adjusted returns?

ARTIX currently has the higher Sharpe Ratio (1.78 vs 1.64), 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.