Correlation
The correlation between GLFOX and SPY is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
GLFOX vs. SPY
Compare and contrast key facts about Lazard Global Listed Infrastructure Portfolio Open Shares (GLFOX) and SPDR S&P 500 ETF (SPY).
GLFOX is managed by Lazard. It was launched on Dec 31, 2009. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GLFOX or SPY.
Performance
GLFOX vs. SPY - Performance Comparison
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Key characteristics
GLFOX:
1.96
SPY:
0.67
GLFOX:
2.32
SPY:
1.03
GLFOX:
1.32
SPY:
1.15
GLFOX:
2.84
SPY:
0.69
GLFOX:
8.81
SPY:
2.61
GLFOX:
2.15%
SPY:
4.92%
GLFOX:
11.12%
SPY:
20.44%
GLFOX:
-29.65%
SPY:
-55.19%
GLFOX:
-0.78%
SPY:
-3.44%
Returns By Period
In the year-to-date period, GLFOX achieves a 13.65% return, which is significantly higher than SPY's 0.98% return. Over the past 10 years, GLFOX has underperformed SPY with an annualized return of 8.73%, while SPY has yielded a comparatively higher 12.73% annualized return.
GLFOX
13.65%
3.02%
10.89%
21.30%
8.25%
10.09%
8.73%
SPY
0.98%
6.45%
-0.84%
13.58%
14.08%
15.83%
12.73%
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GLFOX vs. SPY - Expense Ratio Comparison
GLFOX has a 1.22% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
GLFOX vs. SPY — Risk-Adjusted Performance Rank
GLFOX
SPY
GLFOX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Lazard Global Listed Infrastructure Portfolio Open Shares (GLFOX) and SPDR S&P 500 ETF (SPY). 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.
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Dividends
GLFOX vs. SPY - Dividend Comparison
GLFOX's dividend yield for the trailing twelve months is around 3.03%, more than SPY's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLFOX Lazard Global Listed Infrastructure Portfolio Open Shares | 3.03% | 4.00% | 2.68% | 14.50% | 5.97% | 2.39% | 4.20% | 13.98% | 6.82% | 3.18% | 11.00% | 12.39% |
SPY SPDR S&P 500 ETF | 1.21% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
GLFOX vs. SPY - Drawdown Comparison
The maximum GLFOX drawdown since its inception was -29.65%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for GLFOX and SPY.
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Volatility
GLFOX vs. SPY - Volatility Comparison
The current volatility for Lazard Global Listed Infrastructure Portfolio Open Shares (GLFOX) is 2.69%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.85%. This indicates that GLFOX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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