- ISIN
- US52106N5095
- CUSIP
- 52106N509
- Issuer
- Lazard
- Inception Date
- Oct 30, 1991
- Category
- Small Cap Blend Equities
- Min. Investment
- $10,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
LZSCX Performance Chart
Lazard US Small-Mid Cap Equity Portfolio R6 (LZSCX) is up 16.8% since the beginning of the year. LZSCX is currently trading at $14 per share. Investors who bought $1,000 worth of LZSCX shares 5 years ago would now be looking at an investment worth $1,290.
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Returns By Period
Lazard US Small-Mid Cap Equity Portfolio R6 (LZSCX) has returned 16.82% so far this year and 32.19% over the past 12 months. Over the last ten years, LZSCX has returned 8.98% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.
Lazard US Small-Mid Cap Equity Portfolio R6
- 1D
- 1.11%
- 1M
- 2.87%
- YTD
- 16.82%
- 6M
- 16.43%
- 1Y
- 32.19%
- 3Y*
- 14.29%
- 5Y*
- 5.23%
- 10Y*
- 8.98%
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
LZSCX Monthly Returns History
Based on dividend-adjusted daily data since Oct 30, 1991, LZSCX's average daily return is +0.04%, while the average monthly return is +0.89%. At this rate, an investment would double in approximately 6.5 years.
Historically, 61% of months were positive and 39% were negative. The best month was Apr 2009 with a return of +19.5%, while the worst month was Mar 2020 at -23.7%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.
On a daily basis, LZSCX closed higher 52% of trading days. The best single day was Dec 20, 2024 with a return of +13.0%, while the worst single day was Mar 16, 2020 at -16.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.49% | 2.44% | -7.15% | 12.83% | 2.05% | 1.11% | 16.82% | ||||||
| 2025 | 5.43% | -6.74% | -8.16% | -3.15% | 1.91% | 4.50% | 1.26% | 4.87% | -0.26% | 1.14% | 2.26% | 0.42% | 2.46% |
| 2024 | -2.09% | 5.10% | 3.91% | -5.95% | 4.56% | -1.91% | 5.54% | 1.74% | 1.36% | -2.24% | 8.63% | -4.57% | 13.77% |
| 2023 | 7.94% | -2.35% | -3.42% | -2.17% | -3.21% | 7.39% | 4.91% | -3.89% | -4.39% | -5.26% | 7.14% | 8.76% | 10.16% |
| 2022 | -5.28% | 0.78% | -0.35% | -5.83% | -0.22% | -9.72% | 10.10% | -4.09% | -8.64% | 10.17% | 4.78% | -5.64% | -15.20% |
| 2021 | 1.25% | 7.33% | 3.25% | 4.88% | 0.18% | -0.76% | -1.72% | 1.53% | -2.80% | 4.53% | -4.39% | 5.88% | 20.08% |
Benchmark Metrics
Lazard US Small-Mid Cap Equity Portfolio R6 has an annualized alpha of 1.39%, beta of 0.95, and R2 of 0.74 versus S&P 500 Index. Calculated based on daily prices since October 31, 1991.
- With beta of 0.95 and R2 of 0.74, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 1.39%
- Beta
- 0.95
- R²
- 0.74
- Upside Capture
- 103.01%
- Downside Capture
- 100.49%
Expense Ratio
LZSCX has a high expense ratio of 0.94%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
LZSCX ranks 40 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Lazard US Small-Mid Cap Equity Portfolio R6 (LZSCX) and compare them to S&P 500 Index.
| LZSCX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.41 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.77 | 2.93 | -0.16 |
| Martin ratioReturn relative to average drawdown | 10.42 | 13.52 | -3.10 |
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 US Small-Mid Cap Equity Portfolio R6 provided a 4.26% dividend yield over the last twelve months, with an annual payout of $0.58 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.58 | $0.58 | $2.09 | $0.99 | $0.52 | $2.28 | $0.08 | $0.44 | $1.87 | $1.86 | $0.34 | $0.87 |
Dividend yield | 4.26% | 4.98% | 17.48% | 8.00% | 4.28% | 15.21% | 0.57% | 3.22% | 17.28% | 12.69% | 2.37% | 6.80% |
Monthly Dividends
The table displays the monthly dividend distributions for Lazard US Small-Mid Cap Equity Portfolio R6. 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 | $0.42 | $0.00 | $0.00 | $0.00 | $0.16 | $0.58 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.52 | $0.00 | $0.00 | $0.00 | $1.57 | $2.09 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.00 | $0.77 | $0.99 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.52 | $0.00 | $0.00 | $0.00 | $0.00 | $0.52 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.00 | $2.24 | $2.28 |
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 US Small-Mid Cap Equity Portfolio R6. 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 US Small-Mid Cap Equity Portfolio R6 was 58.08%, occurring on Mar 9, 2009. Recovery took 420 trading sessions.
The current Lazard US Small-Mid Cap Equity Portfolio R6 drawdown is 0.80%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -58.08%Mar 2009 | 1y 9mo | 1y 8mo | 3y 5moJun 2007 - Nov 2010 |
COVID crash2020 | -43.64%Mar 2020 | 1mo 1d | 8mo 16d | 9mo 17dFeb 2020 - Dec 2020 |
1998 bear market1998 | -39.77%Oct 1998 | 5mo 18d | 2y 8mo | 3y 1moApr 1998 - Jun 2001 |
Dot-com crash2000–2002 | -35.13%Oct 2002 | 5mo 25d | 1y 29d | 1y 6moApr 2002 - Nov 2003 |
2011 bear market2011 | -32.61%Oct 2011 | 5mo 4d | 1y 4mo | 1y 9moMay 2011 - Feb 2013 |
Drawdown Indicators
| LZSCX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.08% | -56.78% | -1.30% |
Max Drawdown (1Y)Largest decline over 1 year | -12.49% | -9.10% | -3.39% |
Max Drawdown (3Y)Largest decline over 3 years | -29.89% | -18.90% | -10.99% |
Max Drawdown (5Y)Largest decline over 5 years | -29.89% | -25.43% | -4.46% |
Max Drawdown (10Y)Largest decline over 10 years | -43.64% | -33.92% | -9.72% |
Current DrawdownCurrent decline from peak | -0.80% | -0.74% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -9.04% | -10.72% | +1.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.31% | 1.97% | +1.34% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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