- Issuer
- Lazard
- Inception Date
- Dec 31, 2014
- Region
- North America (U.S.)
- Category
- Convertible Bonds
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
Highlights
- Avg. Volume (1M)
- 0
- Avg. Volume Value (1M)
- $0.00
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
LEOOX Performance Chart
Lazard Enhanced Opportunities Portfolio Open Shares (LEOOX) is up 5.0% since the beginning of the year. LEOOX is currently trading at $10 per share. Investors who bought $1,000 worth of LEOOX shares 5 years ago would now be looking at an investment worth $1,285.
Loading charts...
Returns By Period
Lazard Enhanced Opportunities Portfolio Open Shares (LEOOX) has returned 4.97% so far this year and 9.64% over the past 12 months. Over the last ten years, LEOOX has returned 5.08% per year, falling short of the S&P 500 Index benchmark, which averaged 13.07% annually.
Lazard Enhanced Opportunities Portfolio Open Shares
- 1D
- 0.00%
- 1M
- 0.30%
- 6M
- 3.87%
- YTD
- 4.97%
- 1Y
- 9.64%
- 3Y*
- 8.95%
- 5Y*
- 5.14%
- 10Y*
- 5.08%
- ALL TIME*
- 4.37%
Benchmark (S&P 500 Index)
- 1D
- 0.05%
- 1M
- 0.73%
- 6M
- 7.18%
- YTD
- 8.28%
- 1Y
- 16.48%
- 3Y*
- 17.51%
- 5Y*
- 10.93%
- 10Y*
- 13.07%
- ALL TIME*
- 8.07%
LEOOX Monthly Returns History
Based on dividend-adjusted daily data since Jan 5, 2015, LEOOX's average daily return is +0.02%, while the average monthly return is +0.36%. At this rate, an investment would double in approximately 16.1 years.
Historically, 73% of months were positive and 27% were negative. The best month was Jan 2023 with a return of +3.4%, while the worst month was Mar 2020 at -7.6%. The longest winning streak lasted 33 consecutive months, and the longest losing streak was 6 months.
On a daily basis, LEOOX closed higher 39% of trading days. The best single day was Jun 8, 2026 with a return of +4.6%, while the worst single day was Jun 5, 2026 at -4.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.48% | 0.21% | 0.10% | 0.94% | 0.82% | 1.02% | 0.30% | 4.97% | |||||
| 2025 | 0.93% | 1.73% | 1.70% | 0.89% | 0.22% | 0.00% | 0.66% | 0.80% | 0.99% | 1.41% | 0.11% | 0.96% | 10.90% |
| 2024 | 0.74% | 1.46% | 1.08% | 0.12% | 1.07% | 0.82% | 1.05% | 1.03% | 1.29% | 0.00% | 1.04% | 0.45% | 10.62% |
| 2023 | 3.35% | 0.75% | -1.86% | 0.63% | 1.00% | 0.99% | 1.11% | 0.36% | 0.36% | -2.66% | 0.87% | 1.64% | 6.63% |
| 2022 | -0.21% | -0.32% | -0.54% | -0.86% | -3.26% | -2.81% | 0.35% | 1.72% | -3.36% | -0.12% | -0.12% | 1.52% | -7.89% |
| 2021 | 1.87% | 2.48% | -0.95% | 0.32% | 0.00% | 0.32% | 1.05% | 0.57% | 0.84% | 0.21% | -0.31% | 0.23% | 6.79% |
Benchmark Metrics
Lazard Enhanced Opportunities Portfolio Open Shares has an annualized alpha of 3.85%, beta of 0.05, and R2 of 0.04 versus S&P 500 Index. Calculated based on daily prices since January 05, 2015.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (16.55%) than losses (7.08%) - typical of diversified or defensive assets.
- Beta of 0.05 may look defensive, but with R2 of 0.04 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.04 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 3.85%
- Beta
- 0.05
- R²
- 0.04
- Upside Capture
- 16.55%
- Downside Capture
- 7.08%
Expense Ratio
LEOOX has a high expense ratio of 1.50%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
LEOOX ranks 80 for risk / return — better than 80% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Lazard Enhanced Opportunities Portfolio Open Shares (LEOOX) 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.
| LEOOX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.82 | 1.24 | +0.59 |
| Calmar ratioReturn relative to maximum drawdown | 2.44 | 1.82 | +0.62 |
| Martin ratioReturn relative to average drawdown | 33.08 | 7.79 | +25.29 |
Dividends
Dividend History
Lazard Enhanced Opportunities Portfolio Open Shares provided a 0.64% dividend yield over the last twelve months, with an annual payout of $0.06 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.06 | $0.06 | $0.43 | $0.11 | $0.89 | $0.36 | $0.55 | $0.09 | $0.19 | $0.84 | $0.11 | $0.86 |
Dividend yield | 0.64% | 0.67% | 4.98% | 1.40% | 11.52% | 3.80% | 6.05% | 1.00% | 2.33% | 9.59% | 1.17% | 9.62% |
Monthly Dividends
The table displays the monthly dividend distributions for Lazard Enhanced Opportunities Portfolio Open Shares. 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 | $0.06 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.00 | $0.17 | $0.43 |
| 2023 | $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 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.49 | $0.00 | $0.00 | $0.00 | $0.40 | $0.89 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.00 | $0.20 | $0.36 |
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.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the Lazard Enhanced Opportunities Portfolio Open Shares. 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 Enhanced Opportunities Portfolio Open Shares was 10.94%, occurring on Mar 23, 2020. Recovery took 100 trading sessions.
The current Lazard Enhanced Opportunities Portfolio Open Shares drawdown is 0.10%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-10.94%Mar 2020 | 5mo 23d | 4mo 23d | 10mo 16dOct 2019 - Aug 2020 | COVID crash2020 |
-10.75%Nov 2022 | 1y | 1y 3mo | 2y 3moNov 2021 - Mar 2024 | Bear market2022 |
-6.05%Feb 2016 | 8mo 28d | 1y 19d | 1y 9moMay 2015 - Mar 2017 | — |
-5.61%Dec 2018 | 1y 3d | 3mo 23d | 1y 3moDec 2017 - Apr 2019 | Rate-hike selloffLate 2018 |
-3.97%Jun 2026 | 0s | 3d | 3dJun 2026 - Jun 2026 | — |
Drawdown Indicators
| LEOOX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.94% | -56.78% | +45.84% |
Max Drawdown (1Y)Largest decline over 1 year | -3.97% | -9.10% | +5.13% |
Max Drawdown (3Y)Largest decline over 3 years | -3.97% | -18.90% | +14.93% |
Max Drawdown (5Y)Largest decline over 5 years | -10.75% | -25.43% | +14.68% |
Max Drawdown (10Y)Largest decline over 10 years | -10.94% | -33.92% | +22.98% |
Current DrawdownCurrent decline from peak | -0.10% | -2.60% | +2.50% |
Average DrawdownAverage peak-to-trough decline | -1.98% | -10.70% | +8.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.29% | 2.12% | -1.83% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with LEOOX
Add Lazard Enhanced Opportunities Portfolio Open Shares to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with LEOOX