DODEX vs. LZEMX
Compare and contrast key facts about Dodge & Cox Emerging Markets Stock Fund (DODEX) and Lazard Emerging Markets Equity Portfolio (LZEMX).
DODEX is managed by Dodge & Cox. It was launched on May 10, 2021. LZEMX is managed by Lazard. It was launched on Jul 14, 1994.
Performance
DODEX vs. LZEMX - Performance Comparison
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DODEX vs. LZEMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DODEX Dodge & Cox Emerging Markets Stock Fund | 5.97% | 38.64% | 7.47% | 13.37% | -14.91% | -9.57% |
LZEMX Lazard Emerging Markets Equity Portfolio | 6.61% | 41.35% | 7.60% | 22.44% | -14.86% | -2.96% |
Returns By Period
In the year-to-date period, DODEX achieves a 5.97% return, which is significantly lower than LZEMX's 6.61% return.
DODEX
- 1D
- 2.05%
- 1M
- -7.66%
- YTD
- 5.97%
- 6M
- 10.10%
- 1Y
- 37.89%
- 3Y*
- 19.31%
- 5Y*
- —
- 10Y*
- —
LZEMX
- 1D
- 1.54%
- 1M
- -7.29%
- YTD
- 6.61%
- 6M
- 16.90%
- 1Y
- 40.50%
- 3Y*
- 22.54%
- 5Y*
- 11.01%
- 10Y*
- 9.39%
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DODEX vs. LZEMX - Expense Ratio Comparison
DODEX has a 0.70% expense ratio, which is lower than LZEMX's 1.06% expense ratio.
Return for Risk
DODEX vs. LZEMX — Risk / Return Rank
DODEX
LZEMX
DODEX vs. LZEMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dodge & Cox Emerging Markets Stock Fund (DODEX) and Lazard Emerging Markets Equity Portfolio (LZEMX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| DODEX | LZEMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.52 | 2.95 | -0.43 |
Sortino ratioReturn per unit of downside risk | 3.12 | 3.72 | -0.61 |
Omega ratioGain probability vs. loss probability | 1.49 | 1.57 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 3.21 | 3.86 | -0.66 |
Martin ratioReturn relative to average drawdown | 12.57 | 14.21 | -1.64 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DODEX | LZEMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.52 | 2.95 | -0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.78 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.58 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.39 | +0.02 |
Correlation
The correlation between DODEX and LZEMX is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
DODEX vs. LZEMX - Dividend Comparison
DODEX's dividend yield for the trailing twelve months is around 2.67%, more than LZEMX's 1.92% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DODEX Dodge & Cox Emerging Markets Stock Fund | 2.67% | 2.83% | 1.94% | 1.92% | 1.93% | 1.38% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LZEMX Lazard Emerging Markets Equity Portfolio | 1.92% | 2.05% | 3.11% | 3.76% | 5.92% | 4.89% | 2.11% | 2.45% | 2.10% | 1.99% | 1.48% | 2.14% |
Drawdowns
DODEX vs. LZEMX - Drawdown Comparison
The maximum DODEX drawdown since its inception was -37.01%, smaller than the maximum LZEMX drawdown of -60.08%. Use the drawdown chart below to compare losses from any high point for DODEX and LZEMX.
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Drawdown Indicators
| DODEX | LZEMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.01% | -60.08% | +23.07% |
Max Drawdown (1Y)Largest decline over 1 year | -11.87% | -10.42% | -1.45% |
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 | -9.14% | -9.04% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -13.19% | -16.71% | +3.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 2.89% | +0.14% |
Volatility
DODEX vs. LZEMX - Volatility Comparison
Dodge & Cox Emerging Markets Stock Fund (DODEX) has a higher volatility of 7.57% compared to Lazard Emerging Markets Equity Portfolio (LZEMX) at 6.23%. This indicates that DODEX's price experiences larger fluctuations and is considered to be riskier than LZEMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DODEX | LZEMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.57% | 6.23% | +1.34% |
Volatility (6M)Calculated over the trailing 6-month period | 11.11% | 9.72% | +1.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.66% | 14.30% | +1.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.74% | 14.11% | +2.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.74% | 16.34% | +0.40% |