TANDX vs. ARTNX
TANDX (Castle Tandem Fund) and ARTNX (Artisan Select Equity Fund) are both Large Cap Blend Equities funds. Over the past 5 years, TANDX returned 1.33%/yr vs 11.62%/yr for ARTNX. A 0.71 correlation means they provide meaningful diversification when combined. TANDX charges 1.59%/yr vs 1.26%/yr for ARTNX.
Performance
TANDX vs. ARTNX - Performance Comparison
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Returns By Period
In the year-to-date period, TANDX achieves a -13.98% return, which is significantly lower than ARTNX's 11.07% return.
TANDX
- 1D
- -0.79%
- 1M
- -2.77%
- YTD
- -13.98%
- 6M
- -14.52%
- 1Y
- -15.47%
- 3Y*
- 0.56%
- 5Y*
- 1.33%
- 10Y*
- —
ARTNX
- 1D
- -0.51%
- 1M
- 3.10%
- YTD
- 11.07%
- 6M
- 10.90%
- 1Y
- 30.66%
- 3Y*
- 22.42%
- 5Y*
- 11.62%
- 10Y*
- —
TANDX vs. ARTNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TANDX Castle Tandem Fund | -13.98% | 3.67% | 7.66% | 8.42% | -7.87% | 19.03% | 10.39% |
ARTNX Artisan Select Equity Fund | 11.07% | 28.66% | 17.09% | 26.12% | -18.16% | 15.36% | 20.60% |
Correlation
The correlation between TANDX and ARTNX is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2020 | 0.71 |
The correlation between TANDX and ARTNX has been stable across timeframes, ranging from 0.64 to 0.71 - a consistent structural relationship.
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Return for Risk
TANDX vs. ARTNX — Risk / Return Rank
TANDX
ARTNX
TANDX vs. ARTNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Castle Tandem Fund (TANDX) and Artisan Select Equity Fund (ARTNX). 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.
| TANDX | ARTNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.01 | ||
| Sortino ratioReturn per unit of downside risk | -5.56 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 1.43 | -0.66 |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | 3.15 | -4.02 |
| Martin ratioReturn relative to average drawdown | -1.91 | 12.48 | -14.39 |
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Drawdowns
TANDX vs. ARTNX - Drawdown Comparison
The maximum TANDX drawdown since its inception was -93.98%, which is greater than ARTNX's maximum drawdown of -32.00%. Use the drawdown chart below to compare losses from any high point for TANDX and ARTNX.
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Drawdown Indicators
| TANDX | ARTNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.98% | -32.00% | -61.98% |
Max Drawdown (1Y)Largest decline over 1 year | -16.90% | -9.90% | -7.00% |
Max Drawdown (3Y)Largest decline over 3 years | -93.98% | -11.97% | -82.01% |
Max Drawdown (5Y)Largest decline over 5 years | -93.98% | -27.75% | -66.23% |
Current DrawdownCurrent decline from peak | -93.98% | -1.07% | -92.91% |
Average DrawdownAverage peak-to-trough decline | -20.77% | -5.67% | -15.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.72% | 2.49% | +5.23% |
Volatility
TANDX vs. ARTNX - Volatility Comparison
The current volatility for Castle Tandem Fund (TANDX) is 3.23%, while Artisan Select Equity Fund (ARTNX) has a volatility of 3.82%. This indicates that TANDX experiences smaller price fluctuations and is considered to be less risky than ARTNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TANDX | ARTNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.23% | 3.82% | -0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 7.55% | 9.98% | -2.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.62% | 12.67% | -3.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 596.04% | 15.88% | +580.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 494.77% | 20.21% | +474.56% |
TANDX vs. ARTNX - Expense Ratio Comparison
TANDX has a 1.59% expense ratio, which is higher than ARTNX's 1.26% expense ratio.
Dividends
TANDX vs. ARTNX - Dividend Comparison
TANDX's dividend yield for the trailing twelve months is around 7.17%, more than ARTNX's 2.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
ARTNX Artisan Select Equity Fund | 2.79% | 3.10% | 2.52% | 0.47% | 1.35% | 4.90% | 0.00% | 0.00% |
TANDX Castle Tandem Fund | 7.17% | 6.17% | 3.71% | 2.10% | 1.48% | 4.57% | 0.33% | 0.37% |
Frequently Asked Questions
TANDX and ARTNX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARTNX has higher volatility (3.82%) compared to TANDX (3.23%). In terms of maximum drawdown, TANDX dropped -93.98% vs ARTNX's -32.00%.
ARTNX currently has the higher Sharpe Ratio (2.47 vs -1.54), 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.
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