- ISIN
- US52107V4501
- CUSIP
- 52107V450
- Issuer
- Lazard
- Inception Date
- May 28, 2015
- 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
LEAIX Performance Chart
Lazard Emerging Markets Equity Advantage Portfolio (LEAIX) is up 17.8% since the beginning of the year. LEAIX is currently trading at $18 per share. Investors who bought $1,000 worth of LEAIX shares 5 years ago would now be looking at an investment worth $1,516.
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Returns By Period
Lazard Emerging Markets Equity Advantage Portfolio (LEAIX) has returned 17.83% so far this year and 36.23% over the past 12 months. Over the last ten years, LEAIX has returned 10.02% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Lazard Emerging Markets Equity Advantage Portfolio
- 1D
- 3.60%
- 1M
- -4.21%
- 6M
- 7.46%
- YTD
- 17.83%
- 1Y
- 36.23%
- 3Y*
- 20.19%
- 5Y*
- 8.68%
- 10Y*
- 10.02%
- ALL TIME*
- 10.96%
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%
LEAIX Monthly Returns History
Based on dividend-adjusted daily data since Jan 4, 2016, LEAIX's average daily return is +0.05%, while the average monthly return is +0.99%. At this rate, an investment would double in approximately 5.9 years.
Historically, 58% of months were positive and 42% were negative. The best month was Nov 2022 with a return of +16.1%, while the worst month was Mar 2020 at -16.1%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 5 months.
On a daily basis, LEAIX closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +7.0%, while the worst single day was Mar 16, 2020 at -11.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 9.65% | 6.59% | -11.15% | 13.85% | 8.76% | -1.14% | -7.29% | 17.83% | |||||
| 2025 | 1.93% | -0.25% | 1.32% | 0.90% | 4.52% | 6.94% | 1.08% | 2.15% | 6.64% | 3.60% | -1.58% | 2.54% | 33.74% |
| 2024 | -2.39% | 6.22% | 1.86% | 0.09% | 2.18% | 2.98% | -0.08% | 0.97% | 5.58% | -3.65% | -2.42% | 0.03% | 11.41% |
| 2023 | 9.25% | -5.95% | 3.76% | -1.05% | -1.64% | 4.02% | 5.56% | -5.46% | -1.98% | -3.47% | 6.79% | 3.54% | 12.67% |
| 2022 | -1.09% | -4.24% | -2.46% | -5.97% | 2.06% | -7.01% | -0.38% | -1.22% | -11.05% | -2.70% | 16.09% | -3.12% | -21.01% |
| 2021 | 3.70% | 1.40% | 0.07% | 2.48% | 0.94% | 1.93% | -6.21% | 0.71% | -4.33% | 1.68% | -4.45% | 3.65% | 0.96% |
Benchmark Metrics
Lazard Emerging Markets Equity Advantage Portfolio has an annualized alpha of 1.95%, beta of 0.73, and R2 of 0.53 versus S&P 500 Index. Calculated based on daily prices since January 04, 2016.
- This fund participated in 82.04% of S&P 500 Index downside but only 78.20% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- 1.95%
- Beta
- 0.73
- R²
- 0.53
- Upside Capture
- 78.20%
- Downside Capture
- 82.04%
Expense Ratio
LEAIX has an expense ratio of 0.91%, placing it in the medium range.
Return for Risk
Risk / Return Rank
LEAIX ranks 61 for risk / return — above 61% 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 Emerging Markets Equity Advantage Portfolio (LEAIX) 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.
| LEAIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.25 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | 2.00 | +0.32 |
| Martin ratioReturn relative to average drawdown | 7.54 | 8.49 | -0.95 |
Dividends
Dividend History
Lazard Emerging Markets Equity Advantage Portfolio provided a 1.62% dividend yield over the last twelve months, with an annual payout of $0.30 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.30 | $0.30 | $0.18 | $0.21 | $0.34 | $1.03 | $0.12 | $0.23 | $0.24 | $0.14 | $0.14 |
Dividend yield | 1.62% | 1.90% | 1.52% | 1.93% | 3.42% | 8.01% | 0.84% | 1.92% | 2.43% | 1.15% | 1.62% |
Monthly Dividends
The table displays the monthly dividend distributions for Lazard Emerging Markets Equity Advantage 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.30 | $0.30 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.00 | $0.16 | $0.18 |
| 2023 | $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 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.00 | $0.29 | $0.34 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.00 | $0.89 | $1.03 |
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 Emerging Markets Equity Advantage 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 Emerging Markets Equity Advantage Portfolio was 37.24%, occurring on Oct 31, 2022. Recovery took 652 trading sessions.
The current Lazard Emerging Markets Equity Advantage Portfolio drawdown is 11.22%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-37.24%Oct 2022 | 1y 8mo | 2y 7mo | 4y 3moFeb 2021 - Jun 2025 | Bear market2022 |
-37.07%Mar 2020 | 2y 1mo | 8mo 5d | 2y 9moJan 2018 - Nov 2020 | COVID crash2020 |
-14.30%Jul 2026 | 1mo 6d | — | 1mo 11dJun 2026 - now | — |
-13.29%Mar 2026 | 1mo 2d | 25d | 1mo 27dFeb 2026 - Apr 2026 | — |
-9.43%Jan 2016 | 15d | 1mo 11d | 1mo 26dJan 2016 - Mar 2016 | — |
Drawdown Indicators
| LEAIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.24% | -56.78% | +19.54% |
Max Drawdown (1Y)Largest decline over 1 year | -14.30% | -9.10% | -5.20% |
Max Drawdown (3Y)Largest decline over 3 years | -16.21% | -18.90% | +2.69% |
Max Drawdown (5Y)Largest decline over 5 years | -33.37% | -25.43% | -7.94% |
Max Drawdown (10Y)Largest decline over 10 years | -37.24% | -33.92% | -3.32% |
Current DrawdownCurrent decline from peak | -11.22% | -1.58% | -9.64% |
Average DrawdownAverage peak-to-trough decline | -11.44% | -10.70% | -0.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.40% | 2.14% | +2.26% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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