BRTR vs. APHFX
BRTR (Blackrock Total Return ETF) and APHFX (Artisan High Income Fund Class I) are both funds - BRTR is a Intermediate Core-Plus Bond fund actively managed by BlackRock, while APHFX is a High Yield Bonds fund actively managed by Artisan. Both are actively managed. Over the past year, BRTR returned 5.25% vs 5.00% for APHFX. At a 0.40 correlation, their price movements are largely independent. BRTR charges 0.38%/yr vs 0.71%/yr for APHFX.
Performance
BRTR vs. APHFX - Performance Comparison
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Returns By Period
In the year-to-date period, BRTR achieves a 1.06% return, which is significantly higher than APHFX's 0.76% return.
BRTR
- 1D
- 0.43%
- 1M
- 1.19%
- YTD
- 1.06%
- 6M
- 0.89%
- 1Y
- 5.25%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
APHFX
- 1D
- -0.11%
- 1M
- 0.61%
- YTD
- 0.76%
- 6M
- 1.48%
- 1Y
- 5.00%
- 3Y*
- 8.86%
- 5Y*
- 3.69%
- 10Y*
- —
BRTR vs. APHFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BRTR Blackrock Total Return ETF | 1.06% | 8.11% | 1.29% | 0.68% |
APHFX Artisan High Income Fund Class I | 0.76% | 8.43% | 8.60% | 2.60% |
Correlation
The correlation between BRTR and APHFX is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2023 | 0.40 |
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Return for Risk
BRTR vs. APHFX — Risk / Return Rank
BRTR
APHFX
BRTR vs. APHFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Blackrock Total Return ETF (BRTR) and Artisan High Income Fund Class I (APHFX). 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.
| BRTR | APHFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.43 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.62 | 1.93 | -0.31 |
| Martin ratioReturn relative to average drawdown | 4.63 | 8.67 | -4.04 |
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Drawdowns
BRTR vs. APHFX - Drawdown Comparison
The maximum BRTR drawdown since its inception was -5.07%, smaller than the maximum APHFX drawdown of -21.51%. Use the drawdown chart below to compare losses from any high point for BRTR and APHFX.
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Drawdown Indicators
| BRTR | APHFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.07% | -21.51% | +16.44% |
Max Drawdown (1Y)Largest decline over 1 year | -3.26% | -2.74% | -0.52% |
Max Drawdown (3Y)Largest decline over 3 years | — | -3.29% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.80% | — |
Current DrawdownCurrent decline from peak | -1.04% | -0.33% | -0.71% |
Average DrawdownAverage peak-to-trough decline | -1.36% | -2.49% | +1.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 0.61% | +0.53% |
Volatility
BRTR vs. APHFX - Volatility Comparison
Blackrock Total Return ETF (BRTR) has a higher volatility of 1.05% compared to Artisan High Income Fund Class I (APHFX) at 0.81%. This indicates that BRTR's price experiences larger fluctuations and is considered to be riskier than APHFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BRTR | APHFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.05% | 0.81% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 2.42% | +0.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.66% | 3.06% | +0.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.68% | 4.91% | -0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.68% | 5.30% | -0.62% |
BRTR vs. APHFX - Expense Ratio Comparison
BRTR has a 0.38% expense ratio, which is lower than APHFX's 0.71% expense ratio.
Dividends
BRTR vs. APHFX - Dividend Comparison
BRTR's dividend yield for the trailing twelve months is around 4.70%, less than APHFX's 7.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
APHFX Artisan High Income Fund Class I | 7.18% | 6.96% | 7.39% | 5.56% | 5.83% | 5.50% | 6.01% | 6.44% | 7.25% | 7.96% |
BRTR Blackrock Total Return ETF | 4.70% | 4.86% | 5.58% | 0.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BRTR and APHFX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BRTR has higher volatility (1.05%) compared to APHFX (0.81%). In terms of maximum drawdown, BRTR dropped -5.07% vs APHFX's -21.51%.
APHFX currently has the higher Sharpe Ratio (1.73 vs 1.44), 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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