FGSM vs. SYZ

Last updated Jun 5, 2026

FGSM (Frontier Asset Global Small Cap Equity ETF) and SYZ (Lazard US Systematic Small Cap Equity ETF) are both exchange-traded funds - FGSM is a Global Equities fund actively managed by Frontier, while SYZ is a Small Cap Blend Equities fund actively managed by Lazard. Both are actively managed. Their correlation of 0.89 suggests significant overlap in exposure. FGSM charges 0.90%/yr vs 0.60%/yr for SYZ.

Performance

FGSM vs. SYZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Frontier Asset Global Small Cap Equity ETF (FGSM) and Lazard US Systematic Small Cap Equity ETF (SYZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FGSM achieves a 15.03% return, which is significantly lower than SYZ's 18.27% return.

FGSM

• 1D: 0.91%
• 1M: 2.18%
• YTD: 15.03%
• 6M: 15.76%
• 1Y: 33.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SYZ

• 1D: 0.82%
• 1M: 1.88%
• YTD: 18.27%
• 6M: 18.62%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FGSM vs. SYZ - Yearly Performance Comparison

	2026 (YTD)	2025
FGSM Frontier Asset Global Small Cap Equity ETF	15.03%	3.35%
SYZ Lazard US Systematic Small Cap Equity ETF	18.27%	0.89%

Correlation

The correlation between FGSM and SYZ is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 16, 2025	0.89

Return for Risk

FGSM vs. SYZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FGSM

FGSM Risk / Return Rank: 70
FGSM Sharpe Ratio Rank: 70
FGSM Sortino Ratio Rank: 72
FGSM Omega Ratio Rank: 67
FGSM Calmar Ratio Rank: 70
FGSM Martin Ratio Rank: 72

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FGSM vs. SYZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Frontier Asset Global Small Cap Equity ETF (FGSM) and Lazard US Systematic Small Cap Equity ETF (SYZ). 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.

	FGSM	SYZ	Difference
Sharpe ratio: Return per unit of total volatility	2.26	—	—
Sortino ratio: Return per unit of downside risk	3.19	—	—
Omega ratio: Gain probability vs. loss probability	1.40	—	—
Calmar ratio: Return relative to maximum drawdown	3.40	—	—
Martin ratio: Return relative to average drawdown	13.20	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FGSM	SYZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.26	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.48	1.68	-0.20

Drawdowns

FGSM vs. SYZ - Drawdown Comparison

The maximum FGSM drawdown since its inception was -17.72%, which is greater than SYZ's maximum drawdown of -8.00%. Use the drawdown chart below to compare losses from any high point for FGSM and SYZ.

Drawdown Indicators

	FGSM	SYZ	Difference
Max Drawdown Largest peak-to-trough decline	-17.72%	-8.00%	-9.72%
Max Drawdown (1Y) Largest decline over 1 year	-9.84%	—	—
Current Drawdown Current decline from peak	0.00%	-0.23%	+0.23%
Average Drawdown Average peak-to-trough decline	-2.21%	-2.08%	-0.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.53%	—	—

Volatility

Volatility by Period

	FGSM	SYZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.18%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.05%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.81%	16.62%	-1.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.80%	16.62%	+1.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.80%	16.62%	+1.18%

FGSM vs. SYZ - Expense Ratio Comparison

FGSM has a 0.90% expense ratio, which is higher than SYZ's 0.60% expense ratio.

Dividends

FGSM vs. SYZ - Dividend Comparison

FGSM's dividend yield for the trailing twelve months is around 1.35%, more than SYZ's 0.14% yield.

Position	TTM	2025
FGSM Frontier Asset Global Small Cap Equity ETF	1.35%	1.56%
SYZ Lazard US Systematic Small Cap Equity ETF	0.14%	0.00%

Frequently Asked Questions

Can I hold both FGSM and SYZ in my portfolio?

FGSM and SYZ have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FGSM or SYZ?

On fees, SYZ is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FGSM or SYZ?

SYZ is cheaper with a 0.60% expense ratio, compared with 0.90% for FGSM.

Which ETF pays a higher dividend yield, FGSM or SYZ?

FGSM has the higher dividend yield at 1.35%, compared with 0.14% for SYZ.

What is the main difference between FGSM and SYZ?

FGSM is categorized as Global Equities, while SYZ is Small Cap Blend Equities. They also come from different issuers: Frontier and Lazard. Their fees differ too: 0.90% for FGSM and 0.60% for SYZ.