- ISIN
- US52110K1034
- CUSIP
- 52110K103
- Issuer
- Lazard
- Inception Date
- Apr 4, 2025
- Region
- Developed Asia Pacific (Japan)
- Category
- Japan Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $77M
Share Price Chart
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Performance
JPY Performance Chart
Lazard Japanese Equity ETF (JPY) is up 18.4% since the beginning of the year. JPY is currently trading at $38 per share.
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Returns By Period
Lazard Japanese Equity ETF (JPY) has returned 18.35% so far this year and 38.86% over the past 12 months.
Lazard Japanese Equity ETF
- 1D
- -0.31%
- 1M
- 3.62%
- YTD
- 18.35%
- 6M
- 18.98%
- 1Y
- 38.86%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
JPY Monthly Returns History
Based on dividend-adjusted daily data since Apr 7, 2025, JPY's average daily return is +0.18%, while the average monthly return is +3.56%. At this rate, an investment would double in approximately 1.7 years.
Historically, 87% of months were positive and 13% were negative. The best month was Apr 2025 with a return of +17.0%, while the worst month was Mar 2026 at -8.8%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 1 months.
On a daily basis, JPY closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +7.7%, while the worst single day was Oct 10, 2025 at -4.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.16% | 7.32% | -8.83% | 6.30% | 6.14% | 1.94% | 18.35% | ||||||
| 2025 | 16.98% | 4.47% | 2.19% | -1.52% | 6.95% | 3.71% | 1.80% | 0.31% | 0.46% | 39.95% |
Benchmark Metrics
Lazard Japanese Equity ETF has an annualized alpha of 15.25%, beta of 0.90, and R2 of 0.47 versus S&P 500 Index. Calculated based on daily prices since April 07, 2025.
- This ETF captured 111.14% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -3.07%) - a profile typical of hedging or uncorrelated assets.
- R2 of 0.47 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 15.25%
- Beta
- 0.90
- R²
- 0.47
- Upside Capture
- 111.14%
- Downside Capture
- -3.07%
Expense Ratio
JPY has an expense ratio of 0.60%, placing it in the medium range.
Return for Risk
Risk / Return Rank
JPY ranks 57 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Lazard Japanese Equity ETF (JPY) and compare them to S&P 500 Index.
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.
| JPY | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.37 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.58 | 2.78 | -0.20 |
| Martin ratioReturn relative to average drawdown | 8.73 | 12.44 | -3.70 |
Dividends
Dividend History
Lazard Japanese Equity ETF provided a 1.17% dividend yield over the last twelve months, with an annual payout of $0.44 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $0.44 | $0.76 |
Dividend yield | 1.17% | 2.38% |
Monthly Dividends
The table displays the monthly dividend distributions for Lazard Japanese Equity ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.23 | $0.23 | ||||||
| 2025 | $0.55 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 | $0.76 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Lazard Japanese Equity ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Lazard Japanese Equity ETF was 15.13%, occurring on Mar 20, 2026. Recovery took 48 trading sessions.
The current Lazard Japanese Equity ETF drawdown is 0.31%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 correction2026 | -15.13%Mar 2026 | 1mo 6d | 2mo 10d | 3mo 16dFeb 2026 - May 2026 |
2025 pullback2025 | -6.35%Oct 2025 | 3d | 18d | 21dOct 2025 - Oct 2025 |
2025 pullback2025 | -5.93%Nov 2025 | 22d | 25d | 1mo 17dOct 2025 - Dec 2025 |
2025 pullback2025 | -4.47%Jul 2025 | 6d | 8d | 14dJul 2025 - Aug 2025 |
2026 pullback2026 | -4.09%Jun 2026 | 5d | 5d | 10dJun 2026 - Jun 2026 |
Drawdown Indicators
| JPY | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.13% | -56.78% | +41.65% |
Max Drawdown (1Y)Largest decline over 1 year | -15.13% | -9.10% | -6.03% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.31% | -1.80% | +1.49% |
Average DrawdownAverage peak-to-trough decline | -2.52% | -10.71% | +8.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.46% | 2.03% | +2.43% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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