ARTYX vs. APFPX
ARTYX (Artisan Developing World Fund) and APFPX (Artisan Global Unconstrained Fund) are both mutual funds - ARTYX is a Emerging Markets Equities fund managed by Artisan, while APFPX is a Nontraditional Bonds fund managed by Artisan. Over the past 3 years, ARTYX returned 9.89%/yr vs 9.28%/yr for APFPX. Their -0.13 correlation means they have often moved in opposite directions in the past. 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 -0.39% return, which is significantly lower than APFPX's 5.21% return.
ARTYX
- 1D
- 2.56%
- 1M
- 1.33%
- 6M
- 3.31%
- YTD
- -0.39%
- 1Y
- -5.12%
- 3Y*
- 9.89%
- 5Y*
- -0.93%
- 10Y*
- 10.16%
- ALL TIME*
- 11.41%
APFPX
- 1D
- -0.02%
- 1M
- 0.88%
- 6M
- 3.18%
- YTD
- 5.21%
- 1Y
- 11.35%
- 3Y*
- 9.28%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 9.59%
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 |
ARTYX vs. APFPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ARTYX Artisan Developing World Fund | -0.39% | 7.82% | 28.03% | 29.51% | -3.27% |
APFPX Artisan Global Unconstrained Fund | 5.21% | 10.21% | 11.33% | 6.67% | 6.73% |
Correlation
The correlation between ARTYX and APFPX is -0.23, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.23 |
Correlation (3Y) Balances recent behavior with more history. | -0.16 |
Correlation (All Time) Calculated using the full available price history since May 17, 2022 | -0.13 |
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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 | -5.12 | ||
| Sortino ratioReturn per unit of downside risk | -7.27 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 2.18 | -1.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.28 | 13.11 | -13.39 |
| Martin ratioReturn relative to average drawdown | -0.57 | 53.64 | -54.21 |
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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 | -55.21% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -59.61% | — | — |
Current DrawdownCurrent decline from peak | -19.93% | -0.29% | -19.64% |
Average DrawdownAverage peak-to-trough decline | -18.57% | -0.24% | -18.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.21% | 0.22% | +13.99% |
Volatility
ARTYX vs. APFPX - Volatility Comparison
Artisan Developing World Fund (ARTYX) has a higher volatility of 5.68% compared to Artisan Global Unconstrained Fund (APFPX) at 0.51%. 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 | 5.68% | 0.51% | +5.17% |
Volatility (6M)Calculated over the trailing 6-month period | 16.20% | 2.10% | +14.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.09% | 2.51% | +16.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.28% | 2.73% | +24.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.36% | 2.73% | +21.63% |
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 4.63%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
APFPX Artisan Global Unconstrained Fund | 4.63% | 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 -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARTYX has higher volatility (5.68%) compared to APFPX (0.51%). In terms of maximum drawdown, ARTYX dropped -59.61% vs APFPX's -2.10%.
APFPX currently has the higher Sharpe Ratio (4.69 vs -0.43), 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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