GLIFX vs. FMIEX

Last updated Jul 16, 2026

GLIFX (Lazard Global Listed Infrastructure Portfolio Institutional Shares) and FMIEX (Wasatch Global Value Fund Investor Class Shares) are both Global Equities funds. Over the past 10 years, GLIFX returned 10.02%/yr vs 11.15%/yr for FMIEX. A 0.66 correlation means they provide meaningful diversification when combined. GLIFX charges 0.97%/yr vs 1.10%/yr for FMIEX.

Performance

GLIFX vs. FMIEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lazard Global Listed Infrastructure Portfolio Institutional Shares (GLIFX) and Wasatch Global Value Fund Investor Class Shares (FMIEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GLIFX achieves a 7.91% return, which is significantly lower than FMIEX's 13.76% return. Over the past 10 years, GLIFX has underperformed FMIEX with an annualized return of 10.02%, while FMIEX has yielded a comparatively higher 11.15% annualized return.

GLIFX

• 1D: -0.21%
• 1M: -1.10%
• 6M: 6.61%
• YTD: 7.91%
• 1Y: 16.67%
• 3Y*: 14.19%
• 5Y*: 11.11%
• 10Y*: 10.02%

FMIEX

• 1D: -0.08%
• 1M: 0.04%
• 6M: 10.19%
• YTD: 13.76%
• 1Y: 27.56%
• 3Y*: 18.80%
• 5Y*: 12.48%
• 10Y*: 11.15%

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

GLIFX vs. FMIEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GLIFX Lazard Global Listed Infrastructure Portfolio Institutional Shares	7.91%	23.85%	6.71%	10.89%	-1.33%	19.91%	-4.51%	22.27%	-3.82%	20.77%
FMIEX Wasatch Global Value Fund Investor Class Shares	13.76%	30.93%	8.66%	5.67%	-0.12%	25.11%	2.04%	17.27%	-5.67%	11.21%

Correlation

The correlation between GLIFX and FMIEX is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.56
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (10Y) Calculated over the trailing 10-year period	0.61
Correlation (All Time) Calculated using the full available price history since Jan 4, 2010	0.66

The correlation between GLIFX and FMIEX has been stable across timeframes, ranging from 0.56 to 0.66 - a consistent structural relationship.

Return for Risk

GLIFX vs. FMIEX — Risk / Return Rank

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

GLIFX

GLIFX Risk / Return Rank: 39
GLIFX Sharpe Ratio Rank: 45
GLIFX Sortino Ratio Rank: 40
GLIFX Omega Ratio Rank: 44
GLIFX Calmar Ratio Rank: 36
GLIFX Martin Ratio Rank: 29

FMIEX

FMIEX Risk / Return Rank: 92
FMIEX Sharpe Ratio Rank: 95
FMIEX Sortino Ratio Rank: 94
FMIEX Omega Ratio Rank: 87
FMIEX Calmar Ratio Rank: 91
FMIEX Martin Ratio Rank: 92

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.

GLIFX vs. FMIEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lazard Global Listed Infrastructure Portfolio Institutional Shares (GLIFX) and Wasatch Global Value Fund Investor Class Shares (FMIEX). 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.

	GLIFX	FMIEX	Difference
Sharpe ratio: Return per unit of total volatility	1.47	2.79	-1.32
Sortino ratio: Return per unit of downside risk	2.01	4.07	-2.07
Omega ratio: Gain probability vs. loss probability	1.27	1.49	-0.22
Calmar ratio: Return relative to maximum drawdown	1.77	3.79	-2.02
Martin ratio: Return relative to average drawdown	5.18	14.50	-9.33

GLIFX vs. FMIEX - Sharpe Ratio Comparison

The current GLIFX Sharpe Ratio is 1.47, which is lower than the FMIEX Sharpe Ratio of 2.79. The chart below compares the historical Sharpe Ratios of GLIFX and FMIEX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GLIFX vs. FMIEX - Drawdown Comparison

The maximum GLIFX drawdown since its inception was -29.65%, smaller than the maximum FMIEX drawdown of -49.85%. Use the drawdown chart below to compare losses from any high point for GLIFX and FMIEX.

Drawdown Indicators

	GLIFX	FMIEX	Difference
Max Drawdown Largest peak-to-trough decline	-29.65%	-49.85%	+20.20%
Max Drawdown (1Y) Largest decline over 1 year	-9.00%	-7.04%	-1.96%
Max Drawdown (3Y) Largest decline over 3 years	-10.02%	-9.52%	-0.50%
Max Drawdown (5Y) Largest decline over 5 years	-17.15%	-18.63%	+1.48%
Max Drawdown (10Y) Largest decline over 10 years	-29.65%	-39.33%	+9.68%
Current Drawdown Current decline from peak	-5.28%	-0.75%	-4.53%
Average Drawdown Average peak-to-trough decline	-3.37%	-6.56%	+3.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.08%	1.84%	+1.24%

Volatility

GLIFX vs. FMIEX - Volatility Comparison

Lazard Global Listed Infrastructure Portfolio Institutional Shares (GLIFX) and Wasatch Global Value Fund Investor Class Shares (FMIEX) have volatilities of 2.75% and 2.85%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GLIFX	FMIEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.75%	2.85%	-0.10%
Volatility (6M) Calculated over the trailing 6-month period	9.58%	7.55%	+2.03%
Volatility (1Y) Calculated over the trailing 1-year period	10.87%	9.57%	+1.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.01%	12.65%	-1.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.17%	15.65%	-2.48%

GLIFX vs. FMIEX - Expense Ratio Comparison

GLIFX has a 0.97% expense ratio, which is lower than FMIEX's 1.10% expense ratio.

Dividends

GLIFX vs. FMIEX - Dividend Comparison

GLIFX's dividend yield for the trailing twelve months is around 7.28%, more than FMIEX's 5.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FMIEX Wasatch Global Value Fund Investor Class Shares	5.03%	5.76%	9.02%	3.27%	8.54%	4.34%	1.74%	3.82%	18.46%	16.45%	5.16%	11.75%
GLIFX Lazard Global Listed Infrastructure Portfolio Institutional Shares	7.28%	6.22%	4.26%	2.95%	14.81%	6.21%	2.59%	4.44%	14.29%	6.94%	1.91%	11.33%

Frequently Asked Questions

Can I hold both GLIFX and FMIEX in my portfolio?

GLIFX and FMIEX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GLIFX or FMIEX?

FMIEX has higher volatility (2.85%) compared to GLIFX (2.75%). In terms of maximum drawdown, GLIFX dropped -29.65% vs FMIEX's -49.85%.

Which has better risk-adjusted returns?

FMIEX currently has the higher Sharpe Ratio (2.79 vs 1.47), 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.