- Issuer
- Lazard
- Inception Date
- Oct 29, 2021
- Region
- North America (U.S.)
- Category
- Small Cap Blend Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $53M
Share Price Chart
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Performance
SYZ Performance Chart
Lazard US Systematic Small Cap Equity ETF (SYZ) is up 20.5% since the beginning of the year. SYZ is currently trading at $30 per share.
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Returns By Period
Lazard US Systematic Small Cap Equity ETF
- 1D
- 0.41%
- 1M
- 4.00%
- YTD
- 20.48%
- 6M
- 18.20%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
SYZ Monthly Returns History
Based on dividend-adjusted daily data since Sep 15, 2025, SYZ's average daily return is +0.11%, while the average monthly return is +2.01%. At this rate, an investment would double in approximately 2.9 years.
Historically, 70% of months were positive and 30% were negative. The best month was Apr 2026 with a return of +10.6%, while the worst month was Mar 2026 at -4.0%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 2 months.
On a daily basis, SYZ closed higher 51% of trading days. The best single day was Feb 6, 2026 with a return of +3.3%, while the worst single day was Oct 10, 2025 at -2.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.26% | 2.35% | -4.04% | 10.61% | 2.14% | 3.15% | 20.48% | ||||||
| 2025 | -0.50% | -2.30% | 1.88% | 1.52% | 0.54% |
Benchmark Metrics
Lazard US Systematic Small Cap Equity ETF has an annualized alpha of 8.93%, beta of 1.03, and R2 of 0.66 versus S&P 500 Index. Calculated based on daily prices since September 15, 2025.
- This ETF captured 77.61% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -43.28%) - a profile typical of hedging or uncorrelated assets.
- This ETF generated an annualized alpha of 8.93% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 1.03 and R2 of 0.66, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 8.93%
- Beta
- 1.03
- R²
- 0.66
- Upside Capture
- 77.61%
- Downside Capture
- -43.28%
Expense Ratio
SYZ has an expense ratio of 0.60%, placing it in the medium range.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Lazard US Systematic Small Cap Equity ETF (SYZ) 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.
| SYZ | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.37 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.78 | — |
| Martin ratioReturn relative to average drawdown | — | 12.44 | — |
Dividends
Dividend History
Lazard US Systematic Small Cap Equity ETF provided a 0.24% dividend yield over the last twelve months, with an annual payout of $0.07 per share.
| Period | TTM |
|---|---|
| Dividend | $0.07 |
Dividend yield | 0.24% |
Monthly Dividends
The table displays the monthly dividend distributions for Lazard US Systematic Small Cap Equity ETF. 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 | $0.04 | $0.00 | $0.00 | $0.03 | $0.07 |
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 Systematic Small Cap Equity ETF. 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 Systematic Small Cap Equity ETF was 8.00%, occurring on Nov 20, 2025. Recovery took 13 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 pullback2025 | -8.00%Nov 2025 | 2mo 2d | 20d | 2mo 22dSep 2025 - Dec 2025 |
2026 pullback2026 | -7.58%Mar 2026 | 17d | 24d | 1mo 11dMar 2026 - Apr 2026 |
2026 pullback2026 | -3.90%May 2026 | 8d | 7d | 15dMay 2026 - May 2026 |
2025 pullback2025 | -2.84%Dec 2025 | 5d | 20d | 25dDec 2025 - Jan 2026 |
2026 pullback2026 | -2.73%Jun 2026 | 2d | 6d | 8dJun 2026 - Jun 2026 |
Drawdown Indicators
| SYZ | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.00% | -56.78% | +48.78% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -2.02% | -10.71% | +8.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.03% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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