FGI vs. APHFX

Last updated Jun 4, 2026

FGI (FGI Industries Ltd) is a stock, while APHFX (Artisan High Income Fund Class I) is High Yield Bonds fund actively managed by Artisan. Over the past 3 years, FGI returned -15.14%/yr vs 8.95%/yr for APHFX. At a 0.10 correlation, their price movements are largely independent.

Performance

FGI vs. APHFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FGI Industries Ltd (FGI) and Artisan High Income Fund Class I (APHFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FGI achieves a -3.51% return, which is significantly lower than APHFX's 0.99% return.

FGI

• 1D: -3.00%
• 1M: -25.32%
• YTD: -3.51%
• 6M: -10.57%
• 1Y: 54.28%
• 3Y*: -15.14%
• 5Y*: —
• 10Y*: —

APHFX

• 1D: 0.11%
• 1M: 0.61%
• YTD: 0.99%
• 6M: 1.71%
• 1Y: 5.70%
• 3Y*: 8.95%
• 5Y*: 3.82%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FGI vs. APHFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FGI FGI Industries Ltd	-3.51%	47.10%	-52.74%	-23.72%	-44.87%
APHFX Artisan High Income Fund Class I	0.99%	8.43%	8.60%	13.77%	-10.30%

Correlation

The correlation between FGI and APHFX is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.07
Correlation (All Time) Calculated using the full available price history since Jan 26, 2022	0.10

The correlation between FGI and APHFX shifts across timeframes, from 0.07 (3 years) to 0.19 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

FGI vs. APHFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FGI

FGI Risk / Return Rank: 64
FGI Sharpe Ratio Rank: 50
FGI Sortino Ratio Rank: 78
FGI Omega Ratio Rank: 75
FGI Calmar Ratio Rank: 59
FGI Martin Ratio Rank: 56

APHFX

APHFX Risk / Return Rank: 53
APHFX Sharpe Ratio Rank: 41
APHFX Sortino Ratio Rank: 75
APHFX Omega Ratio Rank: 71
APHFX Calmar Ratio Rank: 31
APHFX Martin Ratio Rank: 45

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FGI vs. APHFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FGI Industries Ltd (FGI) 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.

	FGI	APHFX	Difference
Sharpe ratio: Return per unit of total volatility	0.26	1.88	-1.62
Sortino ratio: Return per unit of downside risk	2.17	3.63	-1.45
Omega ratio: Gain probability vs. loss probability	1.26	1.47	-0.21
Calmar ratio: Return relative to maximum drawdown	0.85	2.10	-1.25
Martin ratio: Return relative to average drawdown	1.46	9.45	-7.99
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FGI vs. APHFX - Sharpe Ratio Comparison

The current FGI Sharpe Ratio is 0.26, which is lower than the APHFX Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of FGI and APHFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FGI	APHFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.26	1.88	-1.62
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.78	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.21	1.09	-1.30

Drawdowns

FGI vs. APHFX - Drawdown Comparison

The maximum FGI drawdown since its inception was -90.12%, which is greater than APHFX's maximum drawdown of -21.51%. Use the drawdown chart below to compare losses from any high point for FGI and APHFX.

Drawdown Indicators

	FGI	APHFX	Difference
Max Drawdown Largest peak-to-trough decline	-90.12%	-21.51%	-68.61%
Max Drawdown (1Y) Largest decline over 1 year	-64.44%	-2.74%	-61.70%
Max Drawdown (3Y) Largest decline over 3 years	-74.72%	-3.29%	-71.43%
Max Drawdown (5Y) Largest decline over 5 years	—	-14.80%	—
Current Drawdown Current decline from peak	-77.37%	0.00%	-77.37%
Average Drawdown Average peak-to-trough decline	-68.40%	-2.50%	-65.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	37.19%	0.61%	+36.58%

Volatility

FGI vs. APHFX - Volatility Comparison

FGI Industries Ltd (FGI) has a higher volatility of 34.63% compared to Artisan High Income Fund Class I (APHFX) at 0.90%. This indicates that FGI'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.

Volatility by Period

	FGI	APHFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	34.63%	0.90%	+33.73%
Volatility (6M) Calculated over the trailing 6-month period	121.19%	2.47%	+118.72%
Volatility (1Y) Calculated over the trailing 1-year period	207.71%	3.05%	+204.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	121.56%	4.91%	+116.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	121.56%	5.31%	+116.25%

Dividends

FGI vs. APHFX - Dividend Comparison

FGI has not paid dividends to shareholders, while APHFX's dividend yield for the trailing twelve months is around 7.16%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
APHFX Artisan High Income Fund Class I	7.16%	6.96%	7.39%	5.56%	5.83%	5.50%	6.01%	6.44%	7.25%	7.96%
FGI FGI Industries Ltd	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FGI and APHFX in my portfolio?

FGI and APHFX have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FGI or APHFX?

FGI has higher volatility (34.63%) compared to APHFX (0.90%). In terms of maximum drawdown, FGI dropped -90.12% vs APHFX's -21.51%.

Which has better risk-adjusted returns?

APHFX currently has the higher Sharpe Ratio (1.88 vs 0.26), 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.