GLFOX vs. LEOOX
GLFOX (Lazard Global Listed Infrastructure Portfolio Open Shares) and LEOOX (Lazard Enhanced Opportunities Portfolio Open Shares) are both mutual funds - GLFOX is a Infrastructure Equities fund managed by Lazard, while LEOOX is a Convertible Bonds fund actively managed by Lazard. Over the past 10 years, GLFOX returned 9.70%/yr vs 5.04%/yr for LEOOX. Their 0.07 correlation means their historical movements had little consistent relationship. GLFOX charges 1.22%/yr vs 1.50%/yr for LEOOX.
Performance
GLFOX vs. LEOOX - Performance Comparison
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Returns By Period
In the year-to-date period, GLFOX achieves a 7.60% return, which is significantly higher than LEOOX's 4.97% return. Over the past 10 years, GLFOX has outperformed LEOOX with an annualized return of 9.70%, while LEOOX has yielded a comparatively lower 5.04% annualized 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%
LEOOX
- 1D
- 0.40%
- 1M
- 0.40%
- 6M
- 3.44%
- YTD
- 4.97%
- 1Y
- 9.52%
- 3Y*
- 8.99%
- 5Y*
- 5.14%
- 10Y*
- 5.04%
- ALL TIME*
- 4.37%
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. LEOOX - 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% | 20.44% |
LEOOX Lazard Enhanced Opportunities Portfolio Open Shares | 4.97% | 10.90% | 10.62% | 6.63% | -7.89% | 6.79% | 9.60% | 7.20% | -2.48% | 4.31% |
Correlation
The correlation between GLFOX and LEOOX is 0.03, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.03 |
Correlation (3Y) Balances recent behavior with more history. | 0.03 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.07 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2015 | 0.07 |
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Return for Risk
GLFOX vs. LEOOX — Risk / Return Rank
GLFOX
LEOOX
GLFOX vs. LEOOX - 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 Enhanced Opportunities Portfolio Open Shares (LEOOX). 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 | LEOOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.80 | -0.57 |
| Calmar ratioReturn relative to maximum drawdown | 1.55 | 2.44 | -0.89 |
| Martin ratioReturn relative to average drawdown | 4.18 | 32.76 | -28.58 |
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Drawdowns
GLFOX vs. LEOOX - Drawdown Comparison
The maximum GLFOX drawdown since its inception was -29.65%, which is greater than LEOOX's maximum drawdown of -10.94%. Use the drawdown chart below to compare losses from any high point for GLFOX and LEOOX.
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Drawdown Indicators
| GLFOX | LEOOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.65% | -10.94% | -18.71% |
Max Drawdown (1Y)Largest decline over 1 year | -9.01% | -3.97% | -5.04% |
Max Drawdown (3Y)Largest decline over 3 years | -9.01% | -3.97% | -5.04% |
Max Drawdown (5Y)Largest decline over 5 years | -17.14% | -10.75% | -6.39% |
Max Drawdown (10Y)Largest decline over 10 years | -29.65% | -10.94% | -18.71% |
Current DrawdownCurrent decline from peak | -5.55% | -0.10% | -5.45% |
Average DrawdownAverage peak-to-trough decline | -3.43% | -1.98% | -1.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.33% | 0.30% | +3.03% |
Volatility
GLFOX vs. LEOOX - Volatility Comparison
Lazard Global Listed Infrastructure Portfolio Open Shares (GLFOX) has a higher volatility of 2.84% compared to Lazard Enhanced Opportunities Portfolio Open Shares (LEOOX) at 0.61%. This indicates that GLFOX's price experiences larger fluctuations and is considered to be riskier than LEOOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLFOX | LEOOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.84% | 0.61% | +2.23% |
Volatility (6M)Calculated over the trailing 6-month period | 9.48% | 6.49% | +2.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.88% | 6.60% | +4.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.01% | 4.48% | +6.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.19% | 4.12% | +9.07% |
GLFOX vs. LEOOX - Expense Ratio Comparison
GLFOX has a 1.22% expense ratio, which is lower than LEOOX's 1.50% expense ratio.
Dividends
GLFOX vs. LEOOX - Dividend Comparison
GLFOX's dividend yield for the trailing twelve months is around 7.09%, more than LEOOX's 0.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
LEOOX Lazard Enhanced Opportunities Portfolio Open Shares | 0.64% | 0.67% | 4.98% | 1.40% | 11.52% | 3.80% | 6.05% | 1.00% | 2.33% | 9.59% | 1.17% | 9.62% |
Frequently Asked Questions
GLFOX and LEOOX have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLFOX has higher volatility (2.84%) compared to LEOOX (0.61%). In terms of maximum drawdown, GLFOX dropped -29.65% vs LEOOX's -10.94%.
LEOOX currently has the higher Sharpe Ratio (1.47 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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