- ISIN
- US52106N4007
- CUSIP
- 52106N400
- Issuer
- Lazard
- Inception Date
- Oct 29, 1991
- Category
- Foreign Large Cap Equities
- Min. Investment
- $10,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
Share Price Chart
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Performance
LZIEX Performance Chart
Lazard International Equity Portfolio (LZIEX) is up 11.2% since the beginning of the year. LZIEX is currently trading at $21 per share. Investors who bought $1,000 worth of LZIEX shares 5 years ago would now be looking at an investment worth $1,556.
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Returns By Period
Lazard International Equity Portfolio (LZIEX) has returned 11.20% so far this year and 23.47% over the past 12 months. Over the last ten years, LZIEX has returned 8.30% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Lazard International Equity Portfolio
- 1D
- 2.26%
- 1M
- 0.97%
- 6M
- 4.88%
- YTD
- 11.20%
- 1Y
- 23.47%
- 3Y*
- 16.65%
- 5Y*
- 9.24%
- 10Y*
- 8.30%
- ALL TIME*
- 6.58%
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%
LZIEX Monthly Returns History
Based on dividend-adjusted daily data since Oct 29, 1991, LZIEX's average daily return is +0.03%, while the average monthly return is +0.63%. At this rate, an investment would double in approximately 9.2 years.
Historically, 59% of months were positive and 41% were negative. The best month was Nov 2020 with a return of +14.8%, while the worst month was Oct 2008 at -16.4%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 6 months.
On a daily basis, LZIEX closed higher 51% of trading days. The best single day was Oct 13, 2008 with a return of +12.6%, while the worst single day was Mar 12, 2020 at -10.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.03% | 4.58% | -9.52% | 5.69% | 3.32% | -0.10% | 1.61% | 11.20% | |||||
| 2025 | 5.92% | 3.06% | -0.35% | 4.33% | 5.21% | 3.04% | -1.76% | 3.67% | 3.84% | 0.10% | 0.69% | 2.29% | 34.14% |
| 2024 | -0.80% | 3.56% | 3.43% | -3.49% | 5.07% | -2.18% | 4.40% | 3.59% | 1.04% | -6.17% | -0.06% | -2.50% | 5.30% |
| 2023 | 8.95% | -3.06% | 2.96% | 1.40% | -3.65% | 6.53% | 1.84% | -3.47% | -3.93% | -3.12% | 8.85% | 3.34% | 16.49% |
| 2022 | -3.78% | -1.79% | -1.47% | -6.09% | 2.86% | -8.10% | 3.90% | -6.00% | -8.99% | 4.82% | 11.91% | -1.37% | -15.00% |
| 2021 | -2.25% | 1.43% | 2.57% | 3.19% | 2.38% | -1.86% | 0.62% | 2.51% | -2.91% | 2.52% | -5.57% | 3.83% | 6.14% |
Benchmark Metrics
Lazard International Equity Portfolio has an annualized alpha of 1.19%, beta of 0.65, and R2 of 0.49 versus S&P 500 Index. Calculated based on daily prices since October 29, 1991.
- This fund participated in 87.91% of S&P 500 Index downside but only 78.79% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.65 may look defensive, but with R2 of 0.49 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 0.49 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
- 1.19%
- Beta
- 0.65
- R²
- 0.49
- Upside Capture
- 78.79%
- Downside Capture
- 87.91%
Expense Ratio
LZIEX has an expense ratio of 0.82%, placing it in the medium range.
Return for Risk
Risk / Return Rank
LZIEX ranks 49 for risk / return — above 49% of mutual funds peers on PortfoliosLab. Its historical combined result is near the middle of the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Lazard International Equity Portfolio (LZIEX) 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.
| LZIEX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.25 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.87 | 2.00 | -0.13 |
| Martin ratioReturn relative to average drawdown | 6.43 | 8.49 | -2.06 |
Dividends
Dividend History
Lazard International Equity Portfolio provided a 11.11% dividend yield over the last twelve months, with an annual payout of $2.32 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.32 | $2.32 | $1.30 | $0.61 | $0.88 | $3.20 | $0.21 | $0.39 | $1.24 | $0.28 | $0.17 | $0.12 |
Dividend yield | 11.11% | 12.35% | 8.26% | 3.78% | 6.12% | 17.81% | 1.03% | 2.07% | 7.93% | 1.42% | 1.06% | 0.72% |
Monthly Dividends
The table displays the monthly dividend distributions for Lazard International 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 | $0.16 | $0.00 | $0.00 | $0.00 | $2.16 | $2.32 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.00 | $1.18 | $1.30 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.60 | $0.61 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.64 | $0.00 | $0.00 | $0.00 | $0.24 | $0.88 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.00 | $3.06 | $3.20 |
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 International 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 International Equity Portfolio was 55.35%, occurring on Mar 9, 2009. Recovery took 1030 trading sessions.
The current Lazard International Equity Portfolio drawdown is 0.14%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-55.35%Mar 2009 | 1y 2mo | 4y 1mo | 5y 4moDec 2007 - Apr 2013 | Financial crisis2007–2009 |
-47.35%Mar 2003 | 3y 2mo | 2y 9mo | 5y 11moJan 2000 - Dec 2005 | — |
-35.12%Mar 2020 | 2y 1mo | 7mo 28d | 2y 9moJan 2018 - Nov 2020 | COVID crash2020 |
-30.42%Sep 2022 | 1y 20d | 1y 5mo | 2y 6moSep 2021 - Mar 2024 | Bear market2022 |
-27.83%Oct 1998 | 2mo 16d | 9mo 4d | 11mo 20dJul 1998 - Jul 1999 | — |
Drawdown Indicators
| LZIEX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.35% | -56.78% | +1.43% |
Max Drawdown (1Y)Largest decline over 1 year | -11.88% | -9.10% | -2.78% |
Max Drawdown (3Y)Largest decline over 3 years | -13.71% | -18.90% | +5.19% |
Max Drawdown (5Y)Largest decline over 5 years | -30.42% | -25.43% | -4.99% |
Max Drawdown (10Y)Largest decline over 10 years | -35.12% | -33.92% | -1.20% |
Current DrawdownCurrent decline from peak | -0.14% | -1.58% | +1.44% |
Average DrawdownAverage peak-to-trough decline | -11.19% | -10.70% | -0.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.45% | 2.14% | +1.31% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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