GLFOX vs. LEAIX
GLFOX (Lazard Global Listed Infrastructure Portfolio Open Shares) and LEAIX (Lazard Emerging Markets Equity Advantage Portfolio) are both mutual funds - GLFOX is a Global Equities fund managed by Lazard, while LEAIX is a Emerging Markets Diversified fund managed by Lazard. Over the past 10 years, GLFOX returned 10.01%/yr vs 12.13%/yr for LEAIX. At a 0.39 correlation, their price movements are largely independent. GLFOX charges 1.22%/yr vs 0.91%/yr for LEAIX.
Performance
GLFOX vs. LEAIX - Performance Comparison
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Returns By Period
In the year-to-date period, GLFOX achieves a 7.26% return, which is significantly lower than LEAIX's 32.01% return. Over the past 10 years, GLFOX has underperformed LEAIX with an annualized return of 10.01%, while LEAIX has yielded a comparatively higher 12.13% annualized return.
GLFOX
- 1D
- -0.51%
- 1M
- -1.97%
- YTD
- 7.26%
- 6M
- 7.41%
- 1Y
- 15.22%
- 3Y*
- 13.64%
- 5Y*
- 11.01%
- 10Y*
- 10.01%
LEAIX
- 1D
- 0.98%
- 1M
- 9.95%
- YTD
- 32.01%
- 6M
- 34.67%
- 1Y
- 60.91%
- 3Y*
- 27.59%
- 5Y*
- 9.86%
- 10Y*
- 12.13%
GLFOX vs. LEAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GLFOX Lazard Global Listed Infrastructure Portfolio Open Shares | 7.26% | 23.53% | 6.43% | 10.59% | -1.59% | 19.67% | -4.71% | 21.95% | -4.06% | 20.44% |
LEAIX Lazard Emerging Markets Equity Advantage Portfolio | 32.01% | 33.74% | 11.41% | 12.67% | -21.01% | 0.96% | 17.39% | 20.44% | -16.25% | 42.52% |
Correlation
The correlation between GLFOX and LEAIX is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016 | 0.39 |
Over the past year, the correlation between GLFOX and LEAIX has dropped to 0.09 - well below their long-term average of 0.39, suggesting their price drivers have been diverging.
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Return for Risk
GLFOX vs. LEAIX — Risk / Return Rank
GLFOX
LEAIX
GLFOX vs. LEAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lazard Global Listed Infrastructure Portfolio Open Shares (GLFOX) and Lazard Emerging Markets Equity Advantage Portfolio (LEAIX). 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.
| GLFOX | LEAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.34 | ||
| Sortino ratioReturn per unit of downside risk | -2.95 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.67 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 4.64 | -2.94 |
| Martin ratioReturn relative to average drawdown | 5.74 | 18.18 | -12.44 |
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
| GLFOX | LEAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 3.77 | -2.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.01 | 0.62 | +0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | 0.70 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.71 | +0.12 |
Drawdowns
GLFOX vs. LEAIX - Drawdown Comparison
The maximum GLFOX drawdown since its inception was -29.65%, smaller than the maximum LEAIX drawdown of -37.24%. Use the drawdown chart below to compare losses from any high point for GLFOX and LEAIX.
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Drawdown Indicators
| GLFOX | LEAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.65% | -37.24% | +7.59% |
Max Drawdown (1Y)Largest decline over 1 year | -9.01% | -13.29% | +4.28% |
Max Drawdown (3Y)Largest decline over 3 years | -10.07% | -16.21% | +6.14% |
Max Drawdown (5Y)Largest decline over 5 years | -17.14% | -36.30% | +19.16% |
Max Drawdown (10Y)Largest decline over 10 years | -29.65% | -37.24% | +7.59% |
Current DrawdownCurrent decline from peak | -5.85% | 0.00% | -5.85% |
Average DrawdownAverage peak-to-trough decline | -3.42% | -11.52% | +8.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.67% | 3.39% | -0.72% |
Volatility
GLFOX vs. LEAIX - Volatility Comparison
The current volatility for Lazard Global Listed Infrastructure Portfolio Open Shares (GLFOX) is 4.51%, while Lazard Emerging Markets Equity Advantage Portfolio (LEAIX) has a volatility of 6.85%. This indicates that GLFOX experiences smaller price fluctuations and is considered to be less risky than LEAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLFOX | LEAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.51% | 6.85% | -2.34% |
Volatility (6M)Calculated over the trailing 6-month period | 9.32% | 13.72% | -4.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.74% | 16.39% | -5.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.00% | 16.06% | -5.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.34% | 17.49% | -4.15% |
GLFOX vs. LEAIX - Expense Ratio Comparison
GLFOX has a 1.22% expense ratio, which is higher than LEAIX's 0.91% expense ratio.
Dividends
GLFOX vs. LEAIX - Dividend Comparison
GLFOX's dividend yield for the trailing twelve months is around 6.10%, more than LEAIX's 1.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLFOX Lazard Global Listed Infrastructure Portfolio Open Shares | 6.10% | 6.03% | 4.00% | 2.69% | 14.50% | 6.02% | 2.39% | 4.20% | 13.99% | 6.82% | 2.07% | 11.01% |
LEAIX Lazard Emerging Markets Equity Advantage Portfolio | 1.44% | 1.90% | 1.52% | 1.93% | 3.42% | 8.01% | 0.84% | 1.92% | 2.43% | 1.15% | 1.62% | 0.00% |
Frequently Asked Questions
GLFOX and LEAIX have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LEAIX has higher volatility (6.85%) compared to GLFOX (4.51%). In terms of maximum drawdown, GLFOX dropped -29.65% vs LEAIX's -37.24%.
LEAIX currently has the higher Sharpe Ratio (3.77 vs 1.43), 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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