HAONX vs. ARTKX

Last updated Aug 1, 2026

HAONX (Harbor Overseas Fund) and ARTKX (Artisan International Value Fund) are both Foreign Large Cap Equities funds. Over the past 5 years, HAONX returned 10.96%/yr vs 11.75%/yr for ARTKX. Their correlation of 0.82 means they have usually moved in the same direction. HAONX charges 1.21%/yr vs 1.25%/yr for ARTKX.

Performance

HAONX vs. ARTKX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor Overseas Fund (HAONX) and Artisan International Value Fund (ARTKX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with HAONX having a 15.61% return and ARTKX slightly higher at 15.72%.

HAONX

• 1D: 3.07%
• 1M: 0.78%
• 6M: 8.34%
• YTD: 15.61%
• 1Y: 30.98%
• 3Y*: 21.64%
• 5Y*: 10.96%
• 10Y*: —
• ALL TIME*: 12.76%

ARTKX

• 1D: 0.93%
• 1M: 2.00%
• 6M: 12.12%
• YTD: 15.72%
• 1Y: 27.03%
• 3Y*: 16.73%
• 5Y*: 11.75%
• 10Y*: 11.23%
• ALL TIME*: 12.19%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ARTKX Artisan International Value Fund	$0.00	$0.00	$0.00
HAONX Harbor Overseas Fund	$0.00	$0.00	$0.00

HAONX vs. ARTKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
HAONX Harbor Overseas Fund	15.61%	35.31%	10.99%	13.29%	-15.53%	18.70%	12.93%	9.22%
ARTKX Artisan International Value Fund	15.72%	22.54%	6.38%	22.65%	-6.98%	16.66%	8.52%	12.00%

Correlation

The correlation between HAONX and ARTKX is 0.67, 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.	0.67
Correlation (3Y) Balances recent behavior with more history.	0.77
Correlation (5Y) Shows whether the relationship held over a longer period.	0.82
Correlation (All Time) Calculated using the full available price history since Mar 6, 2019	0.82

The correlation between HAONX and ARTKX shifts across timeframes, from 0.67 (1 year) to 0.82 (all time), reflecting how their relationship changes across market environments.

Return for Risk

HAONX vs. ARTKX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

HAONX

HAONX Risk / Return Rank: 75
HAONX Sharpe Ratio Rank: 75
HAONX Sortino Ratio Rank: 72
HAONX Omega Ratio Rank: 72
HAONX Calmar Ratio Rank: 77
HAONX Martin Ratio Rank: 77

ARTKX

ARTKX Risk / Return Rank: 78
ARTKX Sharpe Ratio Rank: 79
ARTKX Sortino Ratio Rank: 79
ARTKX Omega Ratio Rank: 81
ARTKX Calmar Ratio Rank: 80
ARTKX Martin Ratio Rank: 73

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

HAONX vs. ARTKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor Overseas Fund (HAONX) and Artisan International Value Fund (ARTKX). 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.

	HAONX	ARTKX	Difference
Sharpe ratio: Return per unit of total volatility	1.78	1.83	-0.05
Sortino ratio: Return per unit of downside risk	2.49	2.68	-0.20
Omega ratio: Gain probability vs. loss probability	1.32	1.37	-0.05
Calmar ratio: Return relative to maximum drawdown	2.53	2.59	-0.06
Martin ratio: Return relative to average drawdown	9.44	8.74	+0.70

HAONX vs. ARTKX - Sharpe Ratio Comparison

The current HAONX Sharpe Ratio is 1.78, which is comparable to the ARTKX Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of HAONX and ARTKX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HAONX vs. ARTKX - Drawdown Comparison

The maximum HAONX drawdown since its inception was -31.95%, smaller than the maximum ARTKX drawdown of -51.90%. Use the drawdown chart below to compare losses from any high point for HAONX and ARTKX.

Drawdown Indicators

	HAONX	ARTKX	Difference
Max Drawdown Largest peak-to-trough decline	-31.95%	-51.90%	+19.95%
Max Drawdown (1Y) Largest decline over 1 year	-11.72%	-9.96%	-1.76%
Max Drawdown (3Y) Largest decline over 3 years	-14.46%	-10.88%	-3.58%
Max Drawdown (5Y) Largest decline over 5 years	-29.05%	-24.95%	-4.10%
Max Drawdown (10Y) Largest decline over 10 years	—	-38.11%	—
Current Drawdown Current decline from peak	-1.27%	0.00%	-1.27%
Average Drawdown Average peak-to-trough decline	-6.33%	-6.69%	+0.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.14%	2.95%	+0.19%

Volatility

HAONX vs. ARTKX - Volatility Comparison

Harbor Overseas Fund (HAONX) has a higher volatility of 5.37% compared to Artisan International Value Fund (ARTKX) at 3.26%. This indicates that HAONX's price experiences larger fluctuations and is considered to be riskier than ARTKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HAONX	ARTKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.37%	3.26%	+2.11%
Volatility (6M) Calculated over the trailing 6-month period	14.39%	10.28%	+4.11%
Volatility (1Y) Calculated over the trailing 1-year period	16.65%	14.11%	+2.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.21%	13.97%	+2.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.31%	15.88%	+1.43%

HAONX vs. ARTKX - Expense Ratio Comparison

HAONX has a 1.21% expense ratio, which is lower than ARTKX's 1.25% expense ratio.

Dividends

HAONX vs. ARTKX - Dividend Comparison

HAONX's dividend yield for the trailing twelve months is around 2.10%, less than ARTKX's 6.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARTKX Artisan International Value Fund	6.06%	6.90%	4.10%	2.84%	2.11%	9.72%	0.84%	3.64%	5.37%	3.89%	3.11%	6.17%
HAONX Harbor Overseas Fund	2.10%	2.43%	2.12%	1.67%	2.41%	10.30%	1.06%	2.13%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HAONX and ARTKX in my portfolio?

HAONX and ARTKX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HAONX or ARTKX?

HAONX has higher volatility (5.37%) compared to ARTKX (3.26%). In terms of maximum drawdown, HAONX dropped -31.95% vs ARTKX's -51.90%.

Which has better risk-adjusted returns?

ARTKX currently has the higher Sharpe Ratio (1.83 vs 1.78), 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.