NTIIX vs. APFPX

Last updated Apr 1, 2026

Compare and contrast key facts about Navigator Tactical Investment Grade Bond Fund (NTIIX) and Artisan Global Unconstrained Fund (APFPX).

NTIIX is managed by Navigator Funds. It was launched on Aug 30, 2021. APFPX is managed by Artisan. It was launched on Mar 30, 2022.

Performance

NTIIX vs. APFPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Navigator Tactical Investment Grade Bond Fund (NTIIX) and Artisan Global Unconstrained Fund (APFPX). The values are adjusted to include any dividend payments, if applicable.

NTIIX vs. APFPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
NTIIX Navigator Tactical Investment Grade Bond Fund	-1.45%	2.16%	-0.85%	9.79%	-1.35%
APFPX Artisan Global Unconstrained Fund	4.02%	10.21%	11.33%	6.67%	6.73%

Returns By Period

In the year-to-date period, NTIIX achieves a -1.45% return, which is significantly lower than APFPX's 4.02% return.

NTIIX

• 1D: 0.60%
• 1M: -2.77%
• YTD: -1.45%
• 6M: -0.85%
• 1Y: 0.46%
• 3Y*: 2.83%
• 5Y*: —
• 10Y*: —

APFPX

• 1D: 0.15%
• 1M: 0.15%
• YTD: 4.02%
• 6M: 7.27%
• 1Y: 12.99%
• 3Y*: 9.99%
• 5Y*: —
• 10Y*: —

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

NTIIX vs. APFPX - Expense Ratio Comparison

NTIIX has a 1.01% expense ratio, which is lower than APFPX's 1.54% expense ratio.

APFPX

Artisan Global Unconstrained Fund

NTIIX

Navigator Tactical Investment Grade Bond Fund

Return for Risk

NTIIX vs. APFPX — Risk / Return Rank

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

NTIIX

NTIIX Risk / Return Rank: 7
NTIIX Sharpe Ratio Rank: 6
NTIIX Sortino Ratio Rank: 5
NTIIX Omega Ratio Rank: 5
NTIIX Calmar Ratio Rank: 10
NTIIX Martin Ratio Rank: 9

APFPX

APFPX Risk / Return Rank: 99
APFPX Sharpe Ratio Rank: 100
APFPX Sortino Ratio Rank: 99
APFPX Omega Ratio Rank: 99
APFPX Calmar Ratio Rank: 99
APFPX Martin Ratio Rank: 99

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.

NTIIX vs. APFPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Navigator Tactical Investment Grade Bond Fund (NTIIX) and Artisan Global Unconstrained Fund (APFPX). 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.

	NTIIX	APFPX	Difference
Sharpe ratio Return per unit of total volatility	0.10	5.02	-4.92
Sortino ratio Return per unit of downside risk	0.16	7.27	-7.10
Omega ratio Gain probability vs. loss probability	1.02	2.27	-1.25
Calmar ratio Return relative to maximum drawdown	0.21	6.23	-6.02
Martin ratio Return relative to average drawdown	0.53	30.52	-29.99
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NTIIX vs. APFPX - Sharpe Ratio Comparison

The current NTIIX Sharpe Ratio is 0.10, which is lower than the APFPX Sharpe Ratio of 5.02. The chart below compares the historical Sharpe Ratios of NTIIX and APFPX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NTIIX	APFPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.10	5.02	-4.92
Sharpe Ratio (All Time) Calculated using the full available price history	0.01	3.73	-3.72

Correlation

The correlation between NTIIX and APFPX is -0.20. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

NTIIX vs. APFPX - Dividend Comparison

NTIIX's dividend yield for the trailing twelve months is around 4.30%, less than APFPX's 4.92% yield.

	TTM	2025	2024	2023	2022	2021
NTIIX Navigator Tactical Investment Grade Bond Fund	4.30%	4.07%	4.24%	3.85%	1.63%	0.22%
APFPX Artisan Global Unconstrained Fund	4.92%	4.01%	6.18%	6.89%	8.60%	0.00%

Drawdowns

NTIIX vs. APFPX - Drawdown Comparison

The maximum NTIIX drawdown since its inception was -12.35%, which is greater than APFPX's maximum drawdown of -2.10%. Use the drawdown chart below to compare losses from any high point for NTIIX and APFPX.

Drawdown Indicators

	NTIIX	APFPX	Difference
Max Drawdown Largest peak-to-trough decline	-12.35%	-2.10%	-10.25%
Max Drawdown (1Y) Largest decline over 1 year	-4.77%	-1.73%	-3.04%
Current Drawdown Current decline from peak	-4.03%	0.00%	-4.03%
Average Drawdown Average peak-to-trough decline	-5.22%	-0.25%	-4.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.91%	0.41%	+1.50%

Volatility

NTIIX vs. APFPX - Volatility Comparison

Navigator Tactical Investment Grade Bond Fund (NTIIX) has a higher volatility of 1.95% compared to Artisan Global Unconstrained Fund (APFPX) at 1.24%. This indicates that NTIIX's price experiences larger fluctuations and is considered to be riskier than APFPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NTIIX	APFPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.95%	1.24%	+0.71%
Volatility (6M) Calculated over the trailing 6-month period	2.93%	1.86%	+1.07%
Volatility (1Y) Calculated over the trailing 1-year period	4.77%	2.64%	+2.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.08%	2.75%	+2.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.08%	2.75%	+2.33%