ARTYX vs. EEM
ARTYX (Artisan Developing World Fund) and EEM (iShares MSCI Emerging Markets ETF) are both Emerging Markets Equities funds. Over the past 10 years, ARTYX returned 10.16%/yr vs 8.32%/yr for EEM. Their 0.79 correlation means they have sometimes moved together and sometimes differently. 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 -0.39% return, which is significantly lower than EEM's 17.75% return. Over the past 10 years, ARTYX has outperformed EEM with an annualized return of 10.16%, while EEM has yielded a comparatively lower 8.32% annualized 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%
EEM
- 1D
- 0.79%
- 1M
- -2.45%
- 6M
- 9.01%
- YTD
- 17.75%
- 1Y
- 35.57%
- 3Y*
- 18.45%
- 5Y*
- 6.91%
- 10Y*
- 8.32%
- ALL TIME*
- 9.87%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $1.56B | $1.60B | $1.90B |
ARTYX vs. EEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ARTYX Artisan Developing World Fund | -0.39% | 7.82% | 28.03% | 29.51% | -41.35% | -9.97% | 81.24% | 41.67% | -15.68% | 35.10% |
EEM iShares MSCI Emerging Markets ETF | 17.75% | 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 have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.69 |
Correlation (3Y) Balances recent behavior with more history. | 0.72 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.75 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.78 |
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 | -1.85 | ||
| Sortino ratioReturn per unit of downside risk | -2.41 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.27 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.28 | 2.44 | -2.72 |
| Martin ratioReturn relative to average drawdown | -0.57 | 7.49 | -8.06 |
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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% | -14.24% | -14.90% |
Max Drawdown (3Y)Largest decline over 3 years | -29.14% | -17.29% | -11.85% |
Max Drawdown (5Y)Largest decline over 5 years | -55.21% | -35.01% | -20.20% |
Max Drawdown (10Y)Largest decline over 10 years | -59.61% | -39.82% | -19.79% |
Current DrawdownCurrent decline from peak | -19.93% | -10.00% | -9.93% |
Average DrawdownAverage peak-to-trough decline | -18.57% | -15.95% | -2.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.21% | 4.63% | +9.58% |
Volatility
ARTYX vs. EEM - Volatility Comparison
The current volatility for Artisan Developing World Fund (ARTYX) is 5.68%, while iShares MSCI Emerging Markets ETF (EEM) has a volatility of 9.09%. 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 | 5.68% | 9.09% | -3.41% |
Volatility (6M)Calculated over the trailing 6-month period | 16.20% | 22.40% | -6.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.09% | 24.46% | -5.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.28% | 19.83% | +7.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.36% | 20.80% | +3.56% |
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 1.74%.
| 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 | 1.74% | 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 (9.09%) compared to ARTYX (5.68%). In terms of maximum drawdown, ARTYX dropped -59.61% vs EEM's -66.43%.
EEM currently has the higher Sharpe Ratio (1.42 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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