MIEKX vs. APDKX

Last updated Jun 4, 2026

MIEKX (MFS International Equity Fund Class R6) and APDKX (Artisan International Value Fund Advisor Class) are both mutual funds - MIEKX is a International Equity fund actively managed by MFS, while APDKX is a Foreign Large Cap Equities fund actively managed by Artisan Partners. Both are actively managed. Over the past 3 years, MIEKX returned 11.97%/yr vs 16.84%/yr for APDKX. Their correlation of 0.86 suggests significant overlap in exposure. MIEKX charges 0.73%/yr vs 1.06%/yr for APDKX.

Performance

MIEKX vs. APDKX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MFS International Equity Fund Class R6 (MIEKX) and Artisan International Value Fund Advisor Class (APDKX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MIEKX achieves a 3.23% return, which is significantly lower than APDKX's 10.60% return.

MIEKX

• 1D: 0.17%
• 1M: 3.67%
• YTD: 3.23%
• 6M: 5.75%
• 1Y: 10.23%
• 3Y*: 11.97%
• 5Y*: —
• 10Y*: —

APDKX

• 1D: 0.58%
• 1M: 5.73%
• YTD: 10.60%
• 6M: 13.93%
• 1Y: 23.20%
• 3Y*: 16.84%
• 5Y*: 10.44%
• 10Y*: 10.55%

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

MIEKX vs. APDKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
MIEKX MFS International Equity Fund Class R6	3.23%	23.12%	4.02%	5.55%
APDKX Artisan International Value Fund Advisor Class	10.60%	22.69%	6.55%	9.44%

Correlation

The correlation between MIEKX and APDKX is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (All Time) Calculated using the full available price history since May 18, 2023	0.86

The correlation between MIEKX and APDKX has been stable across timeframes, ranging from 0.82 to 0.86 - a consistent structural relationship.

Return for Risk

MIEKX vs. APDKX — Risk / Return Rank

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

MIEKX

MIEKX Risk / Return Rank: 9
MIEKX Sharpe Ratio Rank: 9
MIEKX Sortino Ratio Rank: 9
MIEKX Omega Ratio Rank: 9
MIEKX Calmar Ratio Rank: 8
MIEKX Martin Ratio Rank: 10

APDKX

APDKX Risk / Return Rank: 36
APDKX Sharpe Ratio Rank: 34
APDKX Sortino Ratio Rank: 35
APDKX Omega Ratio Rank: 41
APDKX Calmar Ratio Rank: 37
APDKX Martin Ratio Rank: 35

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.

MIEKX vs. APDKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MFS International Equity Fund Class R6 (MIEKX) and Artisan International Value Fund Advisor Class (APDKX). 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.

	MIEKX	APDKX	Difference
Sharpe ratio Return per unit of total volatility	0.72	1.69	-0.96
Sortino ratio Return per unit of downside risk	1.10	2.47	-1.38
Omega ratio Gain probability vs. loss probability	1.14	1.35	-0.21
Calmar ratio Return relative to maximum drawdown	0.84	2.31	-1.47
Martin ratio Return relative to average drawdown	2.96	7.78	-4.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MIEKX vs. APDKX - Sharpe Ratio Comparison

The current MIEKX Sharpe Ratio is 0.72, which is lower than the APDKX Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of MIEKX and APDKX, 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

	MIEKX	APDKX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.72	1.69	-0.96
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.75	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.66	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.88	0.66	+0.22

Drawdowns

MIEKX vs. APDKX - Drawdown Comparison

The maximum MIEKX drawdown since its inception was -13.42%, smaller than the maximum APDKX drawdown of -38.09%. Use the drawdown chart below to compare losses from any high point for MIEKX and APDKX.

Drawdown Indicators

	MIEKX	APDKX	Difference
Max Drawdown Largest peak-to-trough decline	-13.42%	-38.09%	+24.67%
Max Drawdown (1Y) Largest decline over 1 year	-11.30%	-9.95%	-1.35%
Max Drawdown (3Y) Largest decline over 3 years	-13.42%	-10.88%	-2.54%
Max Drawdown (5Y) Largest decline over 5 years	—	-24.88%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-38.09%	—
Current Drawdown Current decline from peak	-1.51%	0.00%	-1.51%
Average Drawdown Average peak-to-trough decline	-2.84%	-5.40%	+2.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.20%	2.94%	+0.26%

Volatility

MIEKX vs. APDKX - Volatility Comparison

The current volatility for MFS International Equity Fund Class R6 (MIEKX) is 3.46%, while Artisan International Value Fund Advisor Class (APDKX) has a volatility of 4.38%. This indicates that MIEKX experiences smaller price fluctuations and is considered to be less risky than APDKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MIEKX	APDKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.46%	4.38%	-0.92%
Volatility (6M) Calculated over the trailing 6-month period	10.21%	10.63%	-0.42%
Volatility (1Y) Calculated over the trailing 1-year period	13.17%	13.63%	-0.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.23%	13.94%	-0.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.23%	16.17%	-2.94%

MIEKX vs. APDKX - Expense Ratio Comparison

MIEKX has a 0.73% expense ratio, which is lower than APDKX's 1.06% expense ratio.

Dividends

MIEKX vs. APDKX - Dividend Comparison

MIEKX's dividend yield for the trailing twelve months is around 2.52%, less than APDKX's 6.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
APDKX Artisan International Value Fund Advisor Class	6.41%	7.05%	4.26%	3.02%	2.23%	9.92%	0.91%	3.83%	5.61%	1.25%	3.27%
MIEKX MFS International Equity Fund Class R6	2.52%	2.60%	1.41%	1.67%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MIEKX and APDKX in my portfolio?

MIEKX and APDKX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MIEKX or APDKX?

APDKX has higher volatility (4.38%) compared to MIEKX (3.46%). In terms of maximum drawdown, MIEKX dropped -13.42% vs APDKX's -38.09%.

Which has better risk-adjusted returns?

APDKX currently has the higher Sharpe Ratio (1.69 vs 0.72), 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.