- ISIN
- US52106N8891
- CUSIP
- 52106N889
- Issuer
- Lazard
- Inception Date
- Jul 14, 1994
- Category
- Emerging Markets Diversified
- 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
LZEMX Performance Chart
Lazard Emerging Markets Equity Portfolio (LZEMX) is up 25.0% since the beginning of the year. LZEMX is currently trading at $31 per share. Investors who bought $1,000 worth of LZEMX shares 5 years ago would now be looking at an investment worth $1,834.
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Returns By Period
Lazard Emerging Markets Equity Portfolio (LZEMX) has returned 25.03% so far this year and 53.36% over the past 12 months.
Lazard Emerging Markets Equity Portfolio
- 1D
- -0.45%
- 1M
- 2.58%
- YTD
- 25.03%
- 6M
- 26.58%
- 1Y
- 53.36%
- 3Y*
- 28.47%
- 5Y*
- 12.90%
- 10Y*
- 10.86%
Benchmark (S&P 500 Index)
- 1D
- -2.64%
- 1M
- 0.25%
- YTD
- 7.86%
- 6M
- 7.47%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LZEMX Monthly Returns History
Based on dividend-adjusted daily data since Jul 15, 1994, LZEMX's average daily return is +0.04%, while the average monthly return is +0.83%. At this rate, an investment would double in approximately 7.0 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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 9.47% | 5.93% | -8.06% | 9.49% | 6.60% | 0.49% | 25.03% | ||||||
| 2025 | 4.41% | 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% |
| 2023 | 8.92% | -3.53% | 2.68% | 0.89% | -2.14% | 6.31% | 4.18% | -4.36% | -0.91% | -1.96% | 7.08% | 4.32% | 22.44% |
| 2022 | 2.04% | -4.38% | -1.64% | -5.12% | 3.27% | -9.68% | 1.04% | -1.35% | -10.50% | 1.17% | 14.11% | -2.67% | -14.86% |
| 2021 | 0.33% | 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 28.27%, beta of 0.77, and R2 of 0.46 versus S&P 500 Index. Calculated based on daily prices since July 18, 1994.
- This fund captured 153.62% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -5.05%) - a profile typical of hedging or uncorrelated assets.
- R2 of 0.46 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
- 28.27%
- Beta
- 0.77
- R²
- 0.46
- Upside Capture
- 153.62%
- Downside Capture
- -5.05%
Expense Ratio
LZEMX has a high expense ratio of 1.06%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
LZEMX ranks 95 for risk / return — in the top 95% 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.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Lazard Emerging Markets Equity Portfolio (LZEMX) and compare them to S&P 500 Index.
| LZEMX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.75 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 5.22 | — | — |
| Martin ratioReturn relative to average drawdown | 19.17 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Lazard Emerging Markets Equity Portfolio provided a 1.64% dividend yield over the last twelve months, with an annual payout of $0.51 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 1.64% | 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.
| 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 | $0.00 | $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 1.52%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -60.08%Nov 2008 | 1y 20d | 1y 10mo | 2y 11moNov 2007 - Oct 2010 |
1998 bear market1998 | -56.41%Sep 1998 | 1y 2mo | 6y 26d | 7y 2moJul 1997 - Oct 2004 |
COVID crash2020 | -44.08%Mar 2020 | 2y 1mo | 1y 2mo | 3y 4moJan 2018 - Jun 2021 |
2016 bear market2016 | -40.17%Jan 2016 | 1y 4mo | 1y 8mo | 3y 1moSep 2014 - Oct 2017 |
1995 bear market1995 | -34.59%Mar 1995 | 4mo 19d | 1y 9mo | 2y 2moOct 1994 - Dec 1996 |
Drawdown Indicators
| LZEMX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.08% | -9.10% | -50.98% |
Max Drawdown (1Y)Largest decline over 1 year | -10.42% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -14.27% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -30.55% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -44.08% | — | — |
Current DrawdownCurrent decline from peak | -1.52% | -2.97% | +1.45% |
Average DrawdownAverage peak-to-trough decline | -16.63% | -1.13% | -15.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.83% | — | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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