MRJAX vs. ARTHX

Last updated Jun 6, 2026

MRJAX (Morgan Stanley Multi-Asset Real Return Portfolio A) and ARTHX (Artisan Global Equity Fund) are both Global Equities funds. A 0.50 correlation means they provide meaningful diversification when combined. MRJAX charges 1.10%/yr vs 1.28%/yr for ARTHX.

Performance

MRJAX vs. ARTHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Morgan Stanley Multi-Asset Real Return Portfolio A (MRJAX) and Artisan Global Equity Fund (ARTHX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MRJAX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ARTHX

• 1D: -0.71%
• 1M: -5.77%
• YTD: 11.66%
• 6M: 12.79%
• 1Y: 29.90%
• 3Y*: 28.16%
• 5Y*: 10.76%
• 10Y*: 14.02%

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

MRJAX vs. ARTHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
MRJAX Morgan Stanley Multi-Asset Real Return Portfolio A	0.00%	11.79%	-0.55%	5.09%	2.74%	21.57%	0.07%	17.93%	-8.38%
ARTHX Artisan Global Equity Fund	11.66%	45.58%	16.80%	11.89%	-20.62%	4.95%	29.46%	31.13%	-10.78%

Correlation

The correlation between MRJAX and ARTHX is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.33
Correlation (All Time) Calculated using the full available price history since Jun 19, 2018	0.50

The correlation between MRJAX and ARTHX shifts across timeframes, from -0.09 (1 year) to 0.50 (all time), reflecting how their relationship changes across market environments.

Return for Risk

MRJAX vs. ARTHX — Risk / Return Rank

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

ARTHX

ARTHX Risk / Return Rank: 58
ARTHX Sharpe Ratio Rank: 53
ARTHX Sortino Ratio Rank: 53
ARTHX Omega Ratio Rank: 52
ARTHX Calmar Ratio Rank: 68
ARTHX Martin Ratio Rank: 66

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.

MRJAX vs. ARTHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Multi-Asset Real Return Portfolio A (MRJAX) and Artisan Global Equity Fund (ARTHX). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	MRJAX	ARTHX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.08	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.61	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.80	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.75	—

Drawdowns

Drawdown Indicators

	MRJAX	ARTHX	Difference
Max Drawdown Largest peak-to-trough decline	—	-37.42%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-10.16%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-14.06%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-37.42%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-37.42%	—
Current Drawdown Current decline from peak	—	-5.77%	—
Average Drawdown Average peak-to-trough decline	—	-7.14%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.51%	—

Volatility

Volatility by Period

	MRJAX	ARTHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.90%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.09%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	14.94%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	17.72%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	17.65%	—

MRJAX vs. ARTHX - Expense Ratio Comparison

MRJAX has a 1.10% expense ratio, which is lower than ARTHX's 1.28% expense ratio.

Dividends

MRJAX vs. ARTHX - Dividend Comparison

MRJAX has not paid dividends to shareholders, while ARTHX's dividend yield for the trailing twelve months is around 20.95%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARTHX Artisan Global Equity Fund	20.95%	23.39%	11.32%	0.89%	0.88%	18.02%	11.98%	8.76%	18.13%	0.66%	0.00%	2.17%
MRJAX Morgan Stanley Multi-Asset Real Return Portfolio A	0.00%	0.00%	11.24%	4.40%	4.04%	15.24%	1.09%	1.40%	1.22%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MRJAX and ARTHX in my portfolio?

MRJAX and ARTHX have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.