- ISIN
- US52106N4759
- CUSIP
- 52106N475
- Issuer
- Lazard
- Inception Date
- Sep 29, 2008
- Category
- Emerging Markets Equities
- 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
LDMIX Performance Chart
Lazard Developing Markets Equity Portfolio (LDMIX) is up 20.5% since the beginning of the year. LDMIX is currently trading at $21 per share. Investors who bought $1,000 worth of LDMIX shares 5 years ago would now be looking at an investment worth $1,375.
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Returns By Period
Lazard Developing Markets Equity Portfolio (LDMIX) has returned 20.50% so far this year and 43.13% over the past 12 months. Over the last ten years, LDMIX has returned 8.49% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Lazard Developing Markets Equity Portfolio
- 1D
- 2.79%
- 1M
- -4.52%
- 6M
- 10.68%
- YTD
- 20.50%
- 1Y
- 43.13%
- 3Y*
- 18.45%
- 5Y*
- 6.58%
- 10Y*
- 8.49%
- ALL TIME*
- 6.36%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
LDMIX Monthly Returns History
Based on dividend-adjusted daily data since Oct 1, 2008, LDMIX's average daily return is +0.03%, while the average monthly return is +0.75%. At this rate, an investment would double in approximately 7.7 years.
Historically, 54% of months were positive and 46% were negative. The best month was May 2009 with a return of +24.7%, while the worst month was Oct 2008 at -29.8%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 5 months.
On a daily basis, LDMIX closed higher 51% of trading days. The best single day was Oct 13, 2008 with a return of +12.9%, while the worst single day was Mar 16, 2020 at -12.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 8.87% | 4.62% | -11.11% | 15.62% | 12.93% | -0.13% | -8.73% | 20.50% | |||||
| 2025 | 1.64% | 1.03% | -1.96% | 1.11% | 4.62% | 5.53% | 1.53% | 5.03% | 7.04% | 4.19% | -2.85% | 2.96% | 33.67% |
| 2024 | -5.29% | 5.33% | 4.51% | -2.65% | 1.01% | 2.93% | -0.52% | 2.71% | 5.49% | -3.19% | -2.15% | -0.94% | 6.73% |
| 2023 | 10.07% | -6.61% | 3.95% | -2.45% | -2.60% | 5.08% | 6.34% | -7.08% | -3.13% | -4.97% | 7.93% | 4.72% | 9.68% |
| 2022 | -1.17% | -5.39% | -2.57% | -6.56% | 2.82% | -7.20% | -0.48% | -1.53% | -12.07% | -3.90% | 16.99% | -1.67% | -22.61% |
| 2021 | 2.08% | 3.00% | -2.58% | 0.56% | 0.79% | -1.11% | -7.15% | 0.90% | -5.66% | 1.91% | -4.76% | 2.03% | -10.14% |
Benchmark Metrics
Lazard Developing Markets Equity Portfolio has an annualized alpha of -2.58%, beta of 0.93, and R2 of 0.63 versus S&P 500 Index. Calculated based on daily prices since October 01, 2008.
- This fund participated in 115.09% of S&P 500 Index downside but only 95.61% of its upside - more exposed to losses than it benefited from rallies.
- This fund had an annualized alpha of -2.58% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 0.93 and R2 of 0.63, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -2.58%
- Beta
- 0.93
- R²
- 0.63
- Upside Capture
- 95.61%
- Downside Capture
- 115.09%
Expense Ratio
LDMIX has a high expense ratio of 1.15%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
LDMIX ranks 71 for risk / return — above 71% of mutual funds peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Lazard Developing Markets Equity Portfolio (LDMIX) 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.
| LDMIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.25 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.84 | 2.00 | +0.84 |
| Martin ratioReturn relative to average drawdown | 8.94 | 8.49 | +0.45 |
Dividends
Dividend History
Lazard Developing Markets Equity Portfolio provided a 0.97% dividend yield over the last twelve months, with an annual payout of $0.21 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.21 | $0.21 | $0.11 | $0.28 | $0.10 | $0.15 | $0.04 | $0.08 | $0.09 | $0.03 | $0.10 | $0.05 |
Dividend yield | 0.97% | 1.17% | 0.84% | 2.24% | 0.83% | 1.00% | 0.25% | 0.54% | 0.78% | 0.20% | 0.95% | 0.56% |
Monthly Dividends
The table displays the monthly dividend distributions for Lazard Developing Markets Equity 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 | $0.00 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.20 | $0.21 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 | $0.11 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.28 | $0.28 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.10 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.00 | $0.12 | $0.15 |
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 Developing Markets Equity 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 Developing Markets Equity Portfolio was 51.12%, occurring on Nov 20, 2008. Recovery took 130 trading sessions.
The current Lazard Developing Markets Equity Portfolio drawdown is 11.75%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-51.12%Nov 2008 | 1mo 19d | 6mo 13d | 8mo 2dOct 2008 - Jun 2009 | Financial crisis2007–2009 |
-46.42%Jan 2016 | 4y 9mo | 1y 10mo | 6y 7moApr 2011 - Nov 2017 | — |
-46.20%Oct 2022 | 1y 8mo | 3y 2mo | 4y 10moFeb 2021 - Jan 2026 | Bear market2022 |
-40.34%Mar 2020 | 2y 1mo | 7mo 17d | 2y 9moJan 2018 - Nov 2020 | COVID crash2020 |
-16.52%May 2010 | 1mo 10d | 2mo 9d | 3mo 19dApr 2010 - Aug 2010 | — |
Drawdown Indicators
| LDMIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.12% | -56.78% | +5.66% |
Max Drawdown (1Y)Largest decline over 1 year | -14.14% | -9.10% | -5.04% |
Max Drawdown (3Y)Largest decline over 3 years | -19.55% | -18.90% | -0.65% |
Max Drawdown (5Y)Largest decline over 5 years | -37.77% | -25.43% | -12.34% |
Max Drawdown (10Y)Largest decline over 10 years | -46.20% | -33.92% | -12.28% |
Current DrawdownCurrent decline from peak | -11.75% | -1.58% | -10.17% |
Average DrawdownAverage peak-to-trough decline | -19.63% | -10.70% | -8.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.49% | 2.14% | +2.35% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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