ARTYX vs. EEM
ARTYX (Artisan Developing World Fund) and EEM (iShares MSCI Emerging Markets ETF) are both Emerging Markets Diversified funds. Over the past 10 years, ARTYX returned 11.02%/yr vs 9.87%/yr for EEM. A 0.79 correlation means they provide meaningful diversification when combined. ARTYX charges 1.28%/yr vs 0.72%/yr for EEM.
Performance
ARTYX vs. EEM - 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 EEM's 23.41% return. Over the past 10 years, ARTYX has outperformed EEM with an annualized return of 11.02%, while EEM has yielded a comparatively lower 9.87% annualized 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%
EEM
- 1D
- -5.67%
- 1M
- 2.49%
- YTD
- 23.41%
- 6M
- 24.32%
- 1Y
- 46.62%
- 3Y*
- 22.58%
- 5Y*
- 6.54%
- 10Y*
- 9.87%
ARTYX vs. EEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ARTYX Artisan Developing World Fund | -3.45% | 7.82% | 28.03% | 29.51% | -41.35% | -9.97% | 81.24% | 41.67% | -15.68% | 35.10% |
EEM iShares MSCI Emerging Markets ETF | 23.41% | 33.98% | 6.49% | 8.95% | -20.56% | -3.63% | 17.02% | 18.22% | -15.31% | 37.26% |
Correlation
The correlation between ARTYX and EEM is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.79 |
The correlation between ARTYX and EEM has been stable across timeframes, ranging from 0.69 to 0.79 - a consistent structural relationship.
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Return for Risk
ARTYX vs. EEM — Risk / Return Rank
ARTYX
EEM
ARTYX vs. EEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Artisan Developing World Fund (ARTYX) and iShares MSCI Emerging Markets ETF (EEM). 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 | EEM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.42 | ||
| Sortino ratioReturn per unit of downside risk | -3.02 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.39 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | 3.46 | -3.69 |
| Martin ratioReturn relative to average drawdown | -0.49 | 12.70 | -13.19 |
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Drawdowns
ARTYX vs. EEM - Drawdown Comparison
The maximum ARTYX drawdown since its inception was -59.61%, smaller than the maximum EEM drawdown of -66.43%. Use the drawdown chart below to compare losses from any high point for ARTYX and EEM.
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Drawdown Indicators
| ARTYX | EEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.61% | -66.43% | +6.82% |
Max Drawdown (1Y)Largest decline over 1 year | -29.14% | -13.52% | -15.62% |
Max Drawdown (3Y)Largest decline over 3 years | -29.14% | -17.29% | -11.85% |
Max Drawdown (5Y)Largest decline over 5 years | -56.15% | -37.49% | -18.66% |
Max Drawdown (10Y)Largest decline over 10 years | -59.61% | -39.82% | -19.79% |
Current DrawdownCurrent decline from peak | -22.39% | -5.67% | -16.72% |
Average DrawdownAverage peak-to-trough decline | -18.54% | -15.99% | -2.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.51% | 3.68% | +9.83% |
Volatility
ARTYX vs. EEM - Volatility Comparison
The current volatility for Artisan Developing World Fund (ARTYX) is 8.24%, while iShares MSCI Emerging Markets ETF (EEM) has a volatility of 12.59%. This indicates that ARTYX experiences smaller price fluctuations and is considered to be less risky than EEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARTYX | EEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.24% | 12.59% | -4.35% |
Volatility (6M)Calculated over the trailing 6-month period | 15.46% | 20.73% | -5.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.35% | 22.77% | -4.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.37% | 19.55% | +7.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.35% | 20.67% | +3.68% |
ARTYX vs. EEM - Expense Ratio Comparison
ARTYX has a 1.28% expense ratio, which is higher than EEM's 0.72% expense ratio.
Dividends
ARTYX vs. EEM - Dividend Comparison
ARTYX has not paid dividends to shareholders, while EEM's dividend yield for the trailing twelve months is around 1.66%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
EEM iShares MSCI Emerging Markets ETF | 1.66% | 2.22% | 2.43% | 2.63% | 2.50% | 1.99% | 1.45% | 2.76% | 2.24% | 1.89% | 1.89% | 2.49% |
Frequently Asked Questions
ARTYX and EEM have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EEM has higher volatility (12.59%) compared to ARTYX (8.24%). In terms of maximum drawdown, ARTYX dropped -59.61% vs EEM's -66.43%.
EEM currently has the higher Sharpe Ratio (2.06 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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