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Lazard Emerging Markets Equity Portfolio (LZEMX)
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Fund Info

ISIN
US52106N8891
CUSIP
52106N889
Issuer
Lazard
Inception Date
Jul 14, 1994
Min. Investment
$10,000
Distribution Policy
Distributing
Asset Class
Multi-Asset
Asset Class Size
Large-Cap
Asset Class Style
Value

Share Price Chart


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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Lazard Emerging Markets Equity Portfolio, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


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S&P 500 Index

Returns By Period

Lazard Emerging Markets Equity Portfolio (LZEMX) has returned 5.00% so far this year and 39.76% over the past 12 months. Over the last ten years, LZEMX has returned 9.23% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.


Lazard Emerging Markets Equity Portfolio

1D
-0.53%
1M
-9.45%
YTD
5.00%
6M
15.58%
1Y
39.76%
3Y*
21.92%
5Y*
10.81%
10Y*
9.23%

Benchmark (S&P 500 Index)

1D
2.91%
1M
-5.09%
YTD
-4.63%
6M
-2.39%
1Y
16.33%
3Y*
16.69%
5Y*
10.18%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Jul 15, 1994, LZEMX's average daily return is +0.04%, while the average monthly return is +0.79%. At this rate, your investment would double in approximately 7.3 years.

Historically, 59% of months were positive and 41% were negative. The best month was Apr 2009 with a return of +16.5%, while the worst month was Aug 1998 at -30.3%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 6 months.

On a daily basis, LZEMX closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +12.1%, while the worst single day was Oct 15, 2008 at -11.6%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20269.47%5.93%-9.45%5.00%
20254.41%0.05%1.66%2.57%4.10%6.15%0.56%2.44%3.56%5.65%1.19%2.97%41.35%
2024-3.44%4.40%1.62%0.63%2.43%2.54%0.86%2.61%5.77%-5.90%-2.35%-1.20%7.60%
20238.92%-3.53%2.68%0.89%-2.14%6.31%4.18%-4.36%-0.91%-1.96%7.08%4.32%22.44%
20222.04%-4.38%-1.64%-5.12%3.27%-9.68%1.04%-1.35%-10.50%1.17%14.11%-2.67%-14.86%
20210.33%1.93%2.66%1.11%5.01%-0.60%-4.20%2.60%-2.95%0.21%-4.37%4.02%5.37%

Benchmark Metrics

Lazard Emerging Markets Equity Portfolio has an annualized alpha of 1.79%, beta of 0.70, and R² of 0.48 versus S&P 500 Index. Calculated based on daily prices since July 18, 1994.

  • This fund participated in 104.08% of S&P 500 Index downside but only 97.98% of its upside — more exposed to losses than it benefited from rallies.
  • R² of 0.48 means the benchmark explains less than half of this fund's behavior — treat beta with caution or consider switching to a more representative benchmark.

Alpha
1.79%
Beta
0.70
0.48
Upside Capture
97.98%
Downside Capture
104.08%

Expense Ratio

LZEMX has a high expense ratio of 1.06%, indicating above-average management fees.


Return for Risk

Risk / Return Rank

LZEMX ranks 96 for risk / return — in the top 96% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.


LZEMX Risk / Return Rank: 9696
Overall Rank
LZEMX Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
LZEMX Sortino Ratio Rank: 9696
Sortino Ratio Rank
LZEMX Omega Ratio Rank: 9595
Omega Ratio Rank
LZEMX Calmar Ratio Rank: 9696
Calmar Ratio Rank
LZEMX Martin Ratio Rank: 9595
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Lazard Emerging Markets Equity Portfolio (LZEMX) and compare them to a chosen benchmark (S&P 500 Index).


LZEMXBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

2.74

0.90

+1.85

Sortino ratio

Return per unit of downside risk

3.49

1.39

+2.11

Omega ratio

Gain probability vs. loss probability

1.53

1.21

+0.32

Calmar ratio

Return relative to maximum drawdown

3.47

1.40

+2.08

Martin ratio

Return relative to average drawdown

13.04

6.61

+6.43

Explore LZEMX risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Dividends

Dividend History

Lazard Emerging Markets Equity Portfolio provided a 1.95% dividend yield over the last twelve months, with an annual payout of $0.51 per share.


1.00%2.00%3.00%4.00%5.00%6.00%$0.00$0.20$0.40$0.60$0.8020152016201720182019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM20252024202320222021202020192018201720162015
Dividend$0.51$0.51$0.56$0.65$0.86$0.89$0.38$0.45$0.34$0.40$0.24$0.29

Dividend yield

1.95%2.05%3.11%3.76%5.92%4.89%2.11%2.45%2.10%1.99%1.48%2.14%

Monthly Dividends

The table displays the monthly dividend distributions for Lazard Emerging Markets Equity Portfolio. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$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$0.51$0.51
2024$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.56$0.56
2023$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.65$0.65
2022$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.86$0.86
2021$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.34$0.00$0.00$0.00$0.55$0.89

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 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 Portfolio was 60.08%, occurring on Nov 20, 2008. Recovery took 469 trading sessions.

The current Lazard Emerging Markets Equity Portfolio drawdown is 10.42%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-60.08%Nov 1, 2007267Nov 20, 2008469Oct 4, 2010736
-56.41%Jul 11, 1997295Sep 10, 19981524Oct 4, 20041819
-44.08%Jan 29, 2018541Mar 23, 2020303Jun 4, 2021844
-40.17%Sep 4, 2014348Jan 21, 2016436Oct 12, 2017784
-34.59%Oct 21, 199496Mar 9, 1995454Dec 23, 1996550

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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