GLFOX vs. GLEIX
GLFOX (Lazard Global Listed Infrastructure Portfolio Open Shares) and GLEIX (Goldman Sachs Energy Infrastructure Fund) are both Infrastructure Equities funds. Over the past 5 years, GLFOX returned 10.55%/yr vs 24.87%/yr for GLEIX. Their 0.40 correlation means their historical movements had little consistent relationship. GLFOX charges 1.22%/yr vs 1.23%/yr for GLEIX.
Performance
GLFOX vs. GLEIX - Performance Comparison
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Returns By Period
In the year-to-date period, GLFOX achieves a 7.60% return, which is significantly lower than GLEIX's 26.38% return.
GLFOX
- 1D
- -0.36%
- 1M
- -1.14%
- 6M
- 3.72%
- YTD
- 7.60%
- 1Y
- 14.26%
- 3Y*
- 13.10%
- 5Y*
- 10.55%
- 10Y*
- 9.70%
- ALL TIME*
- 10.60%
GLEIX
- 1D
- 0.31%
- 1M
- 3.06%
- 6M
- 17.52%
- YTD
- 26.38%
- 1Y
- 28.99%
- 3Y*
- 30.14%
- 5Y*
- 24.87%
- 10Y*
- —
- ALL TIME*
- 15.33%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
GLFOX vs. GLEIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GLFOX Lazard Global Listed Infrastructure Portfolio Open Shares | 7.60% | 23.53% | 6.43% | 10.59% | -1.59% | 19.67% | -4.71% | 21.95% | -4.06% | -0.34% |
GLEIX Goldman Sachs Energy Infrastructure Fund | 26.38% | 5.30% | 58.18% | 15.08% | 18.96% | 38.31% | -17.46% | 16.95% | -15.17% | 6.98% |
Correlation
The correlation between GLFOX and GLEIX is 0.16, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.16 |
Correlation (3Y) Balances recent behavior with more history. | 0.30 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.36 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2017 | 0.40 |
Over the past year, the correlation between GLFOX and GLEIX has dropped to 0.16 - well below their long-term average of 0.40, suggesting their price drivers have been diverging.
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Return for Risk
GLFOX vs. GLEIX — Risk / Return Rank
GLFOX
GLEIX
GLFOX vs. GLEIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lazard Global Listed Infrastructure Portfolio Open Shares (GLFOX) and Goldman Sachs Energy Infrastructure Fund (GLEIX). 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.
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.
| GLFOX | GLEIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.34 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.55 | 4.13 | -2.58 |
| Martin ratioReturn relative to average drawdown | 4.18 | 9.47 | -5.29 |
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Drawdowns
GLFOX vs. GLEIX - Drawdown Comparison
The maximum GLFOX drawdown since its inception was -29.65%, smaller than the maximum GLEIX drawdown of -59.27%. Use the drawdown chart below to compare losses from any high point for GLFOX and GLEIX.
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Drawdown Indicators
| GLFOX | GLEIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.65% | -59.27% | +29.62% |
Max Drawdown (1Y)Largest decline over 1 year | -9.01% | -7.29% | -1.72% |
Max Drawdown (3Y)Largest decline over 3 years | -9.01% | -17.07% | +8.06% |
Max Drawdown (5Y)Largest decline over 5 years | -17.14% | -21.89% | +4.75% |
Max Drawdown (10Y)Largest decline over 10 years | -29.65% | — | — |
Current DrawdownCurrent decline from peak | -5.55% | -3.00% | -2.55% |
Average DrawdownAverage peak-to-trough decline | -3.43% | -8.45% | +5.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.33% | 3.17% | +0.16% |
Volatility
GLFOX vs. GLEIX - Volatility Comparison
The current volatility for Lazard Global Listed Infrastructure Portfolio Open Shares (GLFOX) is 2.84%, while Goldman Sachs Energy Infrastructure Fund (GLEIX) has a volatility of 5.45%. This indicates that GLFOX experiences smaller price fluctuations and is considered to be less risky than GLEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLFOX | GLEIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.84% | 5.45% | -2.61% |
Volatility (6M)Calculated over the trailing 6-month period | 9.48% | 11.97% | -2.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.88% | 14.97% | -4.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.01% | 20.51% | -9.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.19% | 25.34% | -12.15% |
GLFOX vs. GLEIX - Expense Ratio Comparison
GLFOX has a 1.22% expense ratio, which is lower than GLEIX's 1.23% expense ratio.
Dividends
GLFOX vs. GLEIX - Dividend Comparison
GLFOX's dividend yield for the trailing twelve months is around 7.09%, less than GLEIX's 8.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLEIX Goldman Sachs Energy Infrastructure Fund | 8.18% | 10.00% | 25.43% | 10.22% | 4.70% | 8.41% | 4.17% | 4.83% | 3.54% | 0.68% | 0.00% | 0.00% |
GLFOX Lazard Global Listed Infrastructure Portfolio Open Shares | 7.09% | 6.03% | 4.00% | 2.69% | 14.50% | 6.02% | 2.39% | 4.20% | 13.99% | 6.82% | 2.07% | 11.01% |
Frequently Asked Questions
GLFOX and GLEIX have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLEIX has higher volatility (5.45%) compared to GLFOX (2.84%). In terms of maximum drawdown, GLFOX dropped -29.65% vs GLEIX's -59.27%.
GLEIX currently has the higher Sharpe Ratio (2.01 vs 1.28), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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