ARTYX vs. APFPX
ARTYX (Artisan Developing World Fund) and APFPX (Artisan Global Unconstrained Fund) are both mutual funds - ARTYX is a Emerging Markets Diversified fund managed by Artisan, while APFPX is a Nontraditional Bonds fund managed by Artisan. Over the past 3 years, ARTYX returned 11.97%/yr vs 9.18%/yr for APFPX. At a correlation of -0.13, they often move in opposite directions. ARTYX charges 1.28%/yr vs 1.54%/yr for APFPX.
Performance
ARTYX vs. APFPX - Performance Comparison
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Returns By Period
In the year-to-date period, ARTYX achieves a -3.45% return, which is significantly lower than APFPX's 4.18% return.
ARTYX
- 1D
- -0.54%
- 1M
- 3.75%
- YTD
- -3.45%
- 6M
- -4.70%
- 1Y
- -7.45%
- 3Y*
- 11.97%
- 5Y*
- -2.81%
- 10Y*
- 11.02%
APFPX
- 1D
- 0.09%
- 1M
- 0.20%
- YTD
- 4.18%
- 6M
- 4.50%
- 1Y
- 11.57%
- 3Y*
- 9.18%
- 5Y*
- —
- 10Y*
- —
ARTYX vs. APFPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ARTYX Artisan Developing World Fund | -3.45% | 7.82% | 28.03% | 29.51% | -3.27% |
APFPX Artisan Global Unconstrained Fund | 4.18% | 10.21% | 11.33% | 6.67% | 6.73% |
Correlation
The correlation between ARTYX and APFPX is -0.24, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.16 |
Correlation (All Time) Calculated using the full available price history since May 17, 2022 | -0.13 |
The correlation between ARTYX and APFPX shifts across timeframes, from -0.24 (1 year) to -0.13 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ARTYX vs. APFPX — Risk / Return Rank
ARTYX
APFPX
ARTYX vs. APFPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Artisan Developing World Fund (ARTYX) and Artisan Global Unconstrained Fund (APFPX). 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.
| ARTYX | APFPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.05 | ||
| Sortino ratioReturn per unit of downside risk | -7.27 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 2.17 | -1.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | 13.00 | -13.23 |
| Martin ratioReturn relative to average drawdown | -0.49 | 56.36 | -56.86 |
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Drawdowns
ARTYX vs. APFPX - Drawdown Comparison
The maximum ARTYX drawdown since its inception was -59.61%, which is greater than APFPX's maximum drawdown of -2.10%. Use the drawdown chart below to compare losses from any high point for ARTYX and APFPX.
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Drawdown Indicators
| ARTYX | APFPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.61% | -2.10% | -57.51% |
Max Drawdown (1Y)Largest decline over 1 year | -29.14% | -0.90% | -28.24% |
Max Drawdown (3Y)Largest decline over 3 years | -29.14% | -2.02% | -27.12% |
Max Drawdown (5Y)Largest decline over 5 years | -56.15% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -59.61% | — | — |
Current DrawdownCurrent decline from peak | -22.39% | -0.16% | -22.23% |
Average DrawdownAverage peak-to-trough decline | -18.54% | -0.25% | -18.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.51% | 0.21% | +13.30% |
Volatility
ARTYX vs. APFPX - Volatility Comparison
Artisan Developing World Fund (ARTYX) has a higher volatility of 8.24% compared to Artisan Global Unconstrained Fund (APFPX) at 0.54%. This indicates that ARTYX's price experiences larger fluctuations and is considered to be riskier than APFPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARTYX | APFPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.24% | 0.54% | +7.70% |
Volatility (6M)Calculated over the trailing 6-month period | 15.46% | 2.12% | +13.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.35% | 2.50% | +15.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.37% | 2.75% | +24.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.35% | 2.75% | +21.60% |
ARTYX vs. APFPX - Expense Ratio Comparison
ARTYX has a 1.28% expense ratio, which is lower than APFPX's 1.54% expense ratio.
Dividends
ARTYX vs. APFPX - Dividend Comparison
ARTYX has not paid dividends to shareholders, while APFPX's dividend yield for the trailing twelve months is around 4.58%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
APFPX Artisan Global Unconstrained Fund | 4.58% | 4.01% | 6.18% | 6.89% | 8.60% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ARTYX Artisan Developing World Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.12% | 9.44% | 4.20% | 0.00% | 0.01% | 3.37% | 0.51% |
Frequently Asked Questions
ARTYX and APFPX have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARTYX has higher volatility (8.24%) compared to APFPX (0.54%). In terms of maximum drawdown, ARTYX dropped -59.61% vs APFPX's -2.10%.
APFPX currently has the higher Sharpe Ratio (4.69 vs -0.36), 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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