- ISIN
- US52106N4916
- CUSIP
- 52106N491
- Issuer
- Lazard
- Inception Date
- Mar 25, 2008
- Category
- Tactical Allocation
- Min. Investment
- $10,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
LCAIX Performance Chart
Lazard Opportunistic Strategies Portfolio (LCAIX) is up 7.6% since the beginning of the year. LCAIX is currently trading at $11 per share. Investors who bought $1,000 worth of LCAIX shares 5 years ago would now be looking at an investment worth $1,373.
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Returns By Period
Lazard Opportunistic Strategies Portfolio (LCAIX) has returned 7.59% so far this year and 19.15% over the past 12 months. Over the last ten years, LCAIX has returned 7.00% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Lazard Opportunistic Strategies Portfolio
- 1D
- 1.02%
- 1M
- 1.02%
- YTD
- 7.59%
- 6M
- 7.49%
- 1Y
- 19.15%
- 3Y*
- 12.99%
- 5Y*
- 6.54%
- 10Y*
- 7.00%
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%
LCAIX Monthly Returns History
Based on dividend-adjusted daily data since Mar 27, 2008, LCAIX's average daily return is +0.02%, while the average monthly return is +0.45%. At this rate, an investment would double in approximately 12.9 years.
Historically, 59% of months were positive and 41% were negative. The best month was Apr 2009 with a return of +9.5%, while the worst month was Oct 2008 at -11.8%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 6 months.
On a daily basis, LCAIX closed higher 50% of trading days. The best single day was Oct 13, 2008 with a return of +7.7%, while the worst single day was Sep 29, 2008 at -6.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.27% | 0.96% | -4.58% | 5.71% | 3.69% | -0.37% | 7.59% | ||||||
| 2025 | 2.94% | -0.10% | -3.43% | -0.59% | 4.07% | 3.53% | 0.09% | 1.53% | 3.75% | 1.59% | -0.26% | 0.41% | 14.10% |
| 2024 | 0.50% | 3.26% | 2.49% | -4.76% | 3.73% | 2.27% | 0.92% | 1.32% | 1.67% | -1.55% | 4.73% | -2.99% | 11.73% |
| 2023 | 3.08% | -2.78% | 2.12% | 1.04% | -2.47% | 3.27% | 2.96% | -2.78% | -3.77% | -2.44% | 7.17% | 5.18% | 10.32% |
| 2022 | -4.98% | -1.65% | 0.93% | -4.91% | -0.58% | -5.19% | 3.93% | -2.05% | -5.30% | 4.06% | 2.95% | -2.57% | -14.93% |
| 2021 | -0.66% | 1.71% | 2.71% | 2.64% | 1.24% | 0.18% | 0.87% | 2.25% | -3.90% | 4.24% | -2.46% | 3.77% | 12.99% |
Benchmark Metrics
Lazard Opportunistic Strategies Portfolio has an annualized alpha of -1.29%, beta of 0.61, and R2 of 0.85 versus S&P 500 Index. Calculated based on daily prices since March 27, 2008.
- This fund participated in 75.89% of S&P 500 Index downside but only 59.03% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.61 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- -1.29%
- Beta
- 0.61
- R²
- 0.85
- Upside Capture
- 59.03%
- Downside Capture
- 75.89%
Expense Ratio
LCAIX has a high expense ratio of 1.02%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
LCAIX ranks 48 for risk / return — on par with similar mutual funds. 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 Opportunistic Strategies Portfolio (LCAIX) 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.
| LCAIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.37 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | 2.78 | -0.15 |
| Martin ratioReturn relative to average drawdown | 10.47 | 12.44 | -1.97 |
Dividends
Dividend History
Lazard Opportunistic Strategies Portfolio provided a 13.55% dividend yield over the last twelve months, with an annual payout of $1.48 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.48 | $1.48 | $1.04 | $0.31 | $0.34 | $0.49 | $0.22 | $0.19 | $0.53 | $0.82 | $0.16 | $0.28 |
Dividend yield | 13.55% | 14.58% | 10.24% | 3.04% | 3.64% | 4.32% | 2.11% | 1.97% | 6.02% | 7.72% | 1.67% | 2.94% |
Monthly Dividends
The table displays the monthly dividend distributions for Lazard Opportunistic Strategies Portfolio. 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 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.00 | $1.38 | $1.48 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.00 | $0.76 | $1.04 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.31 | $0.31 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.00 | $0.10 | $0.34 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.49 | $0.49 |
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 Opportunistic Strategies Portfolio. 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 Opportunistic Strategies Portfolio was 40.62%, occurring on Nov 20, 2008. Recovery took 563 trading sessions.
The current Lazard Opportunistic Strategies Portfolio drawdown is 0.64%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -40.62%Nov 2008 | 6mo 4d | 2y 2mo | 2y 9moMay 2008 - Feb 2011 |
COVID crash2020 | -22.99%Mar 2020 | 2y 1mo | 5mo 13d | 2y 7moJan 2018 - Sep 2020 |
Bear market2022 | -19.17%Oct 2022 | 11mo 7d | 1y 8mo | 2y 7moNov 2021 - Jun 2024 |
2025 selloff2025 | -15.48%Apr 2025 | 3mo 16d | 3mo 16d | 7mo 2dDec 2024 - Jul 2025 |
2016 correction2016 | -14.91%Feb 2016 | 8mo 25d | 10mo 28d | 1y 7moMay 2015 - Jan 2017 |
Drawdown Indicators
| LCAIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.62% | -56.78% | +16.16% |
Max Drawdown (1Y)Largest decline over 1 year | -7.12% | -9.10% | +1.98% |
Max Drawdown (3Y)Largest decline over 3 years | -15.48% | -18.90% | +3.42% |
Max Drawdown (5Y)Largest decline over 5 years | -19.17% | -25.43% | +6.26% |
Max Drawdown (10Y)Largest decline over 10 years | -22.99% | -33.92% | +10.93% |
Current DrawdownCurrent decline from peak | -0.64% | -1.80% | +1.16% |
Average DrawdownAverage peak-to-trough decline | -6.87% | -10.71% | +3.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.79% | 2.03% | -0.24% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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