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Lazard US Short Duration Fixed Income Portfolio (UMNIX) Sharpe Ratio: 1.75

Mutual Fund · Currency in USD · Last updated Jun 3, 2026

Under normal circumstances, the Portfolio invests at least 80% of its assets in fixed-income securities of U.S. issuers, including U.S. government securities, corporate securities, mortgage-related and asset-backed securities, municipal securities, structured products, preferred stocks and inflation-indexed-securities. It may invest up to 20% of its assets in other securities which need not be fixed-income securities of U.S. issuers.

UMNIX's Sharpe Ratio of 1.75 indicates that for each unit of volatility, it generates 1.75 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 3, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

UMNIX Sharpe Ratio Rank

UMNIX Sharpe Ratio Rank: 36.036
Below Average

UMNIX ranks above 36.0% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

UMNIX Sharpe Ratio Market Positioning

The chart shows UMNIX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 1.42 or lower
  • Yellow zone (middle 50%): 1.42 to 2.51
  • Green zone (top 25%): 2.51 or higher
  • Top 1%: 4.64+
  • Median: 2.09 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Lazard US Short Duration Fixed Income Portfolio's Sharpe Ratio with other mutual funds in the Ultrashort Bond category across multiple time periods, showing how UMNIX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 3, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
NUSIXNavigator Ultra Short Term Bond Fund7.02
TMPFXTactical Multi-Purpose Fund6.81
BUBSXBaird Ultra Short Bond Fund6.62
BUBIXBaird Ultra Short Bond Fund Institutional Class5.81
CBUDXCrossingBridge Ultra-Short Duration Fund5.66
ENIAXSEI Institutional Investments Trust Opportunistic Income Fund5.58
DFIHXDFA One Year Fixed Income Portfolio5.28
CUSDXSix Circles Ultra Short Duration Fund4.90
PRTBXPermanent Portfolio Short-Term Treasury Portfolio4.64
HUBBXHartford Ultrashort Bond HLS Fund4.32
UMNIXLazard US Short Duration Fixed Income Portfolio1.75

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows UMNIX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when UMNIX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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