RPELX vs. APFPX

Last updated Apr 1, 2026

Compare and contrast key facts about T. Rowe Price Dynamic Credit Fund (RPELX) and Artisan Global Unconstrained Fund (APFPX).

RPELX is managed by T. Rowe Price. It was launched on Jan 9, 2019. APFPX is managed by Artisan. It was launched on Mar 30, 2022.

Performance

RPELX vs. APFPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Dynamic Credit Fund (RPELX) and Artisan Global Unconstrained Fund (APFPX). The values are adjusted to include any dividend payments, if applicable.

RPELX vs. APFPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
RPELX T. Rowe Price Dynamic Credit Fund	0.10%	7.13%	7.47%	2.92%	1.94%
APFPX Artisan Global Unconstrained Fund	4.02%	10.21%	11.33%	6.67%	6.73%

Returns By Period

In the year-to-date period, RPELX achieves a 0.10% return, which is significantly lower than APFPX's 4.02% return.

RPELX

• 1D: 0.00%
• 1M: -0.80%
• YTD: 0.10%
• 6M: 0.54%
• 1Y: 4.55%
• 3Y*: 5.56%
• 5Y*: 3.39%
• 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)

RPELX vs. APFPX - Expense Ratio Comparison

RPELX has a 0.56% expense ratio, which is lower than APFPX's 1.54% expense ratio.

APFPX

Artisan Global Unconstrained Fund

RPELX

T. Rowe Price Dynamic Credit Fund

Return for Risk

RPELX vs. APFPX — Risk / Return Rank

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

RPELX

RPELX Risk / Return Rank: 79
RPELX Sharpe Ratio Rank: 81
RPELX Sortino Ratio Rank: 87
RPELX Omega Ratio Rank: 82
RPELX Calmar Ratio Rank: 73
RPELX Martin Ratio Rank: 70

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.

RPELX vs. APFPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Dynamic Credit Fund (RPELX) 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.

	RPELX	APFPX	Difference
Sharpe ratio Return per unit of total volatility	1.49	5.02	-3.52
Sortino ratio Return per unit of downside risk	2.38	7.27	-4.89
Omega ratio Gain probability vs. loss probability	1.33	2.27	-0.95
Calmar ratio Return relative to maximum drawdown	1.69	6.23	-4.54
Martin ratio Return relative to average drawdown	6.68	30.52	-23.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RPELX vs. APFPX - Sharpe Ratio Comparison

The current RPELX Sharpe Ratio is 1.49, which is lower than the APFPX Sharpe Ratio of 5.02. The chart below compares the historical Sharpe Ratios of RPELX 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

	RPELX	APFPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.49	5.02	-3.52
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.91	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.95	3.73	-2.78

Correlation

The correlation between RPELX and APFPX is 0.15, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

RPELX vs. APFPX - Dividend Comparison

RPELX's dividend yield for the trailing twelve months is around 6.44%, more than APFPX's 4.92% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019
RPELX T. Rowe Price Dynamic Credit Fund	6.44%	7.49%	6.95%	4.90%	8.05%	5.39%	7.16%	4.43%
APFPX Artisan Global Unconstrained Fund	4.92%	4.01%	6.18%	6.89%	8.60%	0.00%	0.00%	0.00%

Drawdowns

RPELX vs. APFPX - Drawdown Comparison

The maximum RPELX drawdown since its inception was -19.94%, which is greater than APFPX's maximum drawdown of -2.10%. Use the drawdown chart below to compare losses from any high point for RPELX and APFPX.

Drawdown Indicators

	RPELX	APFPX	Difference
Max Drawdown Largest peak-to-trough decline	-19.94%	-2.10%	-17.84%
Max Drawdown (1Y) Largest decline over 1 year	-2.81%	-1.73%	-1.08%
Max Drawdown (5Y) Largest decline over 5 years	-7.25%	—	—
Current Drawdown Current decline from peak	-0.85%	0.00%	-0.85%
Average Drawdown Average peak-to-trough decline	-1.99%	-0.25%	-1.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.71%	0.41%	+0.30%

Volatility

RPELX vs. APFPX - Volatility Comparison

The current volatility for T. Rowe Price Dynamic Credit Fund (RPELX) is 0.94%, while Artisan Global Unconstrained Fund (APFPX) has a volatility of 1.24%. This indicates that RPELX 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

	RPELX	APFPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.94%	1.24%	-0.30%
Volatility (6M) Calculated over the trailing 6-month period	2.33%	1.86%	+0.47%
Volatility (1Y) Calculated over the trailing 1-year period	3.44%	2.64%	+0.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.74%	2.75%	+0.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.76%	2.75%	+2.01%