ARTYX vs. VEA
ARTYX (Artisan Developing World Fund) and VEA (Vanguard FTSE Developed Markets ETF) are both funds - ARTYX is a Emerging Markets Equities fund managed by Artisan, while VEA is a Foreign Large Cap Equities fund tracking the FTSE Developed All Cap ex US Index. Over the past 10 years, ARTYX returned 10.16%/yr vs 10.05%/yr for VEA. Their 0.71 correlation means they have sometimes moved together and sometimes differently. ARTYX charges 1.28%/yr vs 0.03%/yr for VEA.
Performance
ARTYX vs. VEA - 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 VEA's 13.84% return. Both investments have delivered pretty close results over the past 10 years, with ARTYX having a 10.16% annualized return and VEA not far behind at 10.05%.
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%
VEA
- 1D
- -0.66%
- 1M
- -0.27%
- 6M
- 7.42%
- YTD
- 13.84%
- 1Y
- 29.71%
- 3Y*
- 18.08%
- 5Y*
- 9.76%
- 10Y*
- 10.05%
- ALL TIME*
- 5.13%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $674.44M | $796.70M | $806.62M |
ARTYX vs. VEA - 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% |
VEA Vanguard FTSE Developed Markets ETF | 13.84% | 35.16% | 3.15% | 17.93% | -15.34% | 11.66% | 9.71% | 22.62% | -14.75% | 26.42% |
Correlation
The correlation between ARTYX and VEA is 0.64, 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. | 0.64 |
Correlation (3Y) Balances recent behavior with more history. | 0.65 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.69 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.70 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.71 |
The correlation between ARTYX and VEA has been stable across timeframes, ranging from 0.64 to 0.71 - a consistent structural relationship.
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Return for Risk
ARTYX vs. VEA — Risk / Return Rank
ARTYX
VEA
ARTYX vs. VEA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Artisan Developing World Fund (ARTYX) and Vanguard FTSE Developed Markets ETF (VEA). 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 | VEA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.13 | ||
| Sortino ratioReturn per unit of downside risk | -2.84 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.31 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.28 | 2.53 | -2.81 |
| Martin ratioReturn relative to average drawdown | -0.57 | 9.44 | -10.01 |
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Drawdowns
ARTYX vs. VEA - Drawdown Comparison
The maximum ARTYX drawdown since its inception was -59.61%, roughly equal to the maximum VEA drawdown of -60.68%. Use the drawdown chart below to compare losses from any high point for ARTYX and VEA.
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Drawdown Indicators
| ARTYX | VEA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.61% | -60.68% | +1.07% |
Max Drawdown (1Y)Largest decline over 1 year | -29.14% | -11.63% | -17.51% |
Max Drawdown (3Y)Largest decline over 3 years | -29.14% | -13.45% | -15.69% |
Max Drawdown (5Y)Largest decline over 5 years | -55.21% | -29.71% | -25.50% |
Max Drawdown (10Y)Largest decline over 10 years | -59.61% | -35.73% | -23.88% |
Current DrawdownCurrent decline from peak | -19.93% | -2.45% | -17.48% |
Average DrawdownAverage peak-to-trough decline | -18.57% | -13.20% | -5.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.21% | 3.10% | +11.11% |
Volatility
ARTYX vs. VEA - Volatility Comparison
Artisan Developing World Fund (ARTYX) has a higher volatility of 5.68% compared to Vanguard FTSE Developed Markets ETF (VEA) at 5.40%. This indicates that ARTYX's price experiences larger fluctuations and is considered to be riskier than VEA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARTYX | VEA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.68% | 5.40% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 16.20% | 15.40% | +0.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.09% | 17.25% | +1.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.28% | 16.84% | +10.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.36% | 17.21% | +7.15% |
ARTYX vs. VEA - Expense Ratio Comparison
ARTYX has a 1.28% expense ratio, which is higher than VEA's 0.03% expense ratio.
Dividends
ARTYX vs. VEA - Dividend Comparison
ARTYX has not paid dividends to shareholders, while VEA's dividend yield for the trailing twelve months is around 2.57%.
| 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% |
VEA Vanguard FTSE Developed Markets ETF | 2.57% | 3.22% | 3.35% | 3.15% | 2.91% | 3.16% | 2.04% | 3.04% | 3.35% | 2.77% | 3.05% | 2.92% |
Frequently Asked Questions
ARTYX and VEA have a correlation of 0.64, 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 VEA (5.40%). In terms of maximum drawdown, ARTYX dropped -59.61% vs VEA's -60.68%.
VEA currently has the higher Sharpe Ratio (1.71 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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