ARTUX vs. APFDX

Last updated Jun 4, 2026

ARTUX (Artisan Floating Rate Fund) and APFDX (Artisan Global Discovery Fund) are both mutual funds - ARTUX is a Bank Loan fund managed by Artisan, while APFDX is a Global Equities fund managed by Artisan. Over the past 3 years, ARTUX returned 7.60%/yr vs 14.11%/yr for APFDX. At a 0.24 correlation, their price movements are largely independent. ARTUX charges 1.20%/yr vs 1.38%/yr for APFDX.

Performance

ARTUX vs. APFDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Artisan Floating Rate Fund (ARTUX) and Artisan Global Discovery Fund (APFDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ARTUX achieves a 1.53% return, which is significantly lower than APFDX's 4.43% return.

ARTUX

• 1D: 0.11%
• 1M: 0.68%
• YTD: 1.53%
• 6M: 2.17%
• 1Y: 5.71%
• 3Y*: 7.60%
• 5Y*: —
• 10Y*: —

APFDX

• 1D: 0.79%
• 1M: 3.69%
• YTD: 4.43%
• 6M: 3.51%
• 1Y: 12.52%
• 3Y*: 14.11%
• 5Y*: 4.38%
• 10Y*: —

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

ARTUX vs. APFDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ARTUX Artisan Floating Rate Fund	1.53%	6.34%	7.54%	11.20%	-3.50%
APFDX Artisan Global Discovery Fund	4.43%	12.07%	16.11%	20.66%	-22.25%

Correlation

The correlation between ARTUX and APFDX is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (All Time) Calculated using the full available price history since Feb 1, 2022	0.24

Return for Risk

ARTUX vs. APFDX — Risk / Return Rank

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

ARTUX

ARTUX Risk / Return Rank: 76
ARTUX Sharpe Ratio Rank: 67
ARTUX Sortino Ratio Rank: 97
ARTUX Omega Ratio Rank: 96
ARTUX Calmar Ratio Rank: 66
ARTUX Martin Ratio Rank: 53

APFDX

APFDX Risk / Return Rank: 11
APFDX Sharpe Ratio Rank: 10
APFDX Sortino Ratio Rank: 11
APFDX Omega Ratio Rank: 10
APFDX Calmar Ratio Rank: 10
APFDX Martin Ratio Rank: 14

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.

ARTUX vs. APFDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Artisan Floating Rate Fund (ARTUX) and Artisan Global Discovery Fund (APFDX). 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.

	ARTUX	APFDX	Difference
Sharpe ratio Return per unit of total volatility	2.40	0.80	+1.60
Sortino ratio Return per unit of downside risk	5.65	1.28	+4.38
Omega ratio Gain probability vs. loss probability	1.83	1.15	+0.69
Calmar ratio Return relative to maximum drawdown	3.15	0.99	+2.16
Martin ratio Return relative to average drawdown	10.78	3.96	+6.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ARTUX vs. APFDX - Sharpe Ratio Comparison

The current ARTUX Sharpe Ratio is 2.40, which is higher than the APFDX Sharpe Ratio of 0.80. The chart below compares the historical Sharpe Ratios of ARTUX and APFDX, 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

	ARTUX	APFDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.40	0.80	+1.60
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.21	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.87	0.59	+1.28

Drawdowns

ARTUX vs. APFDX - Drawdown Comparison

The maximum ARTUX drawdown since its inception was -6.08%, smaller than the maximum APFDX drawdown of -40.83%. Use the drawdown chart below to compare losses from any high point for ARTUX and APFDX.

Drawdown Indicators

	ARTUX	APFDX	Difference
Max Drawdown Largest peak-to-trough decline	-6.08%	-40.83%	+34.75%
Max Drawdown (1Y) Largest decline over 1 year	-1.82%	-13.18%	+11.36%
Max Drawdown (3Y) Largest decline over 3 years	-2.76%	-21.19%	+18.43%
Max Drawdown (5Y) Largest decline over 5 years	—	-40.83%	—
Current Drawdown Current decline from peak	0.00%	-0.68%	+0.68%
Average Drawdown Average peak-to-trough decline	-0.95%	-10.73%	+9.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.53%	3.28%	-2.75%

Volatility

ARTUX vs. APFDX - Volatility Comparison

The current volatility for Artisan Floating Rate Fund (ARTUX) is 0.59%, while Artisan Global Discovery Fund (APFDX) has a volatility of 5.62%. This indicates that ARTUX experiences smaller price fluctuations and is considered to be less risky than APFDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARTUX	APFDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.59%	5.62%	-5.03%
Volatility (6M) Calculated over the trailing 6-month period	1.81%	13.64%	-11.83%
Volatility (1Y) Calculated over the trailing 1-year period	2.40%	16.38%	-13.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.80%	20.57%	-17.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.80%	20.47%	-17.67%

ARTUX vs. APFDX - Expense Ratio Comparison

ARTUX has a 1.20% expense ratio, which is lower than APFDX's 1.38% expense ratio.

Dividends

ARTUX vs. APFDX - Dividend Comparison

ARTUX's dividend yield for the trailing twelve months is around 7.19%, less than APFDX's 18.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
APFDX Artisan Global Discovery Fund	18.79%	19.63%	0.87%	0.00%	0.00%	7.91%	1.88%	0.00%	0.51%	0.62%
ARTUX Artisan Floating Rate Fund	7.19%	7.31%	8.09%	6.71%	3.25%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ARTUX and APFDX in my portfolio?

ARTUX and APFDX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ARTUX or APFDX?

APFDX has higher volatility (5.62%) compared to ARTUX (0.59%). In terms of maximum drawdown, ARTUX dropped -6.08% vs APFDX's -40.83%.

Which has better risk-adjusted returns?

ARTUX currently has the higher Sharpe Ratio (2.40 vs 0.80), 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.