RCTRX vs. APFPX

Last updated Aug 1, 2026

RCTRX (Regan Total Return Income Fund) and APFPX (Artisan Global Unconstrained Fund) are both Nontraditional Bonds funds. Over the past 3 years, RCTRX returned 5.84%/yr vs 9.28%/yr for APFPX. Their -0.29 correlation means they have often moved in opposite directions in the past. Both charge a 1.54% expense ratio.

Performance

RCTRX vs. APFPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Regan Total Return Income Fund (RCTRX) and Artisan Global Unconstrained Fund (APFPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RCTRX achieves a 0.74% return, which is significantly lower than APFPX's 5.21% return.

RCTRX

• 1D: -0.10%
• 1M: -0.52%
• 6M: 0.37%
• YTD: 0.74%
• 1Y: 3.68%
• 3Y*: 5.84%
• 5Y*: 4.24%
• 10Y*: —
• ALL TIME*: 4.96%

APFPX

• 1D: -0.02%
• 1M: 0.88%
• 6M: 3.18%
• YTD: 5.21%
• 1Y: 11.35%
• 3Y*: 9.28%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 9.59%

*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)
APFPX Artisan Global Unconstrained Fund	$0.00	$0.00	$0.00
RCTRX Regan Total Return Income Fund	$0.00	$0.00	$0.00

RCTRX vs. APFPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
RCTRX Regan Total Return Income Fund	0.74%	6.56%	6.81%	7.29%	-1.21%
APFPX Artisan Global Unconstrained Fund	5.21%	10.21%	11.33%	6.67%	6.73%

Correlation

The correlation between RCTRX and APFPX is -0.12, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.12
Correlation (3Y) Balances recent behavior with more history.	-0.29
Correlation (All Time) Calculated using the full available price history since May 17, 2022	-0.29

The correlation between RCTRX and APFPX shifts across timeframes, from -0.29 (all time) to -0.12 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

RCTRX vs. APFPX — Risk / Return Rank

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

RCTRX

RCTRX Risk / Return Rank: 87
RCTRX Sharpe Ratio Rank: 88
RCTRX Sortino Ratio Rank: 94
RCTRX Omega Ratio Rank: 92
RCTRX Calmar Ratio Rank: 82
RCTRX Martin Ratio Rank: 81

APFPX

APFPX Risk / Return Rank: 99
APFPX Sharpe Ratio Rank: 100
APFPX Sortino Ratio Rank: 99
APFPX Omega Ratio Rank: 98
APFPX Calmar Ratio Rank: 99
APFPX Martin Ratio Rank: 99

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.

RCTRX vs. APFPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Regan Total Return Income Fund (RCTRX) 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.

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.

	RCTRX	APFPX	Difference
Sharpe ratio: Return per unit of total volatility	2.21	4.69	-2.48
Sortino ratio: Return per unit of downside risk	3.80	6.80	-2.99
Omega ratio: Gain probability vs. loss probability	1.51	2.18	-0.66
Calmar ratio: Return relative to maximum drawdown	2.79	13.11	-10.33
Martin ratio: Return relative to average drawdown	10.11	53.64	-43.53

RCTRX vs. APFPX - Sharpe Ratio Comparison

The current RCTRX Sharpe Ratio is 2.21, which is lower than the APFPX Sharpe Ratio of 4.69. The chart below compares the historical Sharpe Ratios of RCTRX and APFPX, 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

RCTRX vs. APFPX - Drawdown Comparison

The maximum RCTRX drawdown since its inception was -4.66%, which is greater than APFPX's maximum drawdown of -2.10%. Use the drawdown chart below to compare losses from any high point for RCTRX and APFPX.

Drawdown Indicators

	RCTRX	APFPX	Difference
Max Drawdown Largest peak-to-trough decline	-4.66%	-2.10%	-2.56%
Max Drawdown (1Y) Largest decline over 1 year	-1.44%	-0.90%	-0.54%
Max Drawdown (3Y) Largest decline over 3 years	-1.96%	-2.02%	+0.06%
Max Drawdown (5Y) Largest decline over 5 years	-4.66%	—	—
Current Drawdown Current decline from peak	-0.73%	-0.29%	-0.44%
Average Drawdown Average peak-to-trough decline	-0.57%	-0.24%	-0.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.40%	0.22%	+0.18%

Volatility

RCTRX vs. APFPX - Volatility Comparison

The current volatility for Regan Total Return Income Fund (RCTRX) is 0.44%, while Artisan Global Unconstrained Fund (APFPX) has a volatility of 0.51%. This indicates that RCTRX experiences smaller price fluctuations and is considered to be less risky than APFPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RCTRX	APFPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.44%	0.51%	-0.07%
Volatility (6M) Calculated over the trailing 6-month period	1.47%	2.10%	-0.63%
Volatility (1Y) Calculated over the trailing 1-year period	1.82%	2.51%	-0.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.27%	2.73%	-0.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.19%	2.73%	-0.54%

RCTRX vs. APFPX - Expense Ratio Comparison

Both RCTRX and APFPX have an expense ratio of 1.54%.

Dividends

RCTRX vs. APFPX - Dividend Comparison

RCTRX's dividend yield for the trailing twelve months is around 5.26%, more than APFPX's 4.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
APFPX Artisan Global Unconstrained Fund	4.63%	4.01%	6.18%	6.89%	8.60%	0.00%	0.00%
RCTRX Regan Total Return Income Fund	5.26%	4.40%	5.79%	5.98%	5.28%	10.59%	4.98%

Frequently Asked Questions

Can I hold both RCTRX and APFPX in my portfolio?

RCTRX and APFPX have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RCTRX or APFPX?

APFPX has higher volatility (0.51%) compared to RCTRX (0.44%). In terms of maximum drawdown, RCTRX dropped -4.66% vs APFPX's -2.10%.

Which has better risk-adjusted returns?

APFPX currently has the higher Sharpe Ratio (4.69 vs 2.21), 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.