GLIFX vs. LEAIX
GLIFX (Lazard Global Listed Infrastructure Portfolio Institutional Shares) and LEAIX (Lazard Emerging Markets Equity Advantage Portfolio) are both mutual funds - GLIFX is a Infrastructure Equities fund managed by Lazard, while LEAIX is a Emerging Markets Equities fund managed by Lazard. Over the past 10 years, GLIFX returned 9.95%/yr vs 10.19%/yr for LEAIX. Their 0.38 correlation means their historical movements had little consistent relationship. GLIFX charges 0.97%/yr vs 0.91%/yr for LEAIX.
Performance
GLIFX vs. LEAIX - Performance Comparison
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Returns By Period
In the year-to-date period, GLIFX achieves a 7.62% return, which is significantly lower than LEAIX's 20.83% return. Both investments have delivered pretty close results over the past 10 years, with GLIFX having a 9.95% annualized return and LEAIX not far ahead at 10.19%.
GLIFX
- 1D
- 0.37%
- 1M
- -1.19%
- 6M
- 3.58%
- YTD
- 7.62%
- 1Y
- 13.37%
- 3Y*
- 14.56%
- 5Y*
- 10.84%
- 10Y*
- 9.95%
- ALL TIME*
- 10.84%
LEAIX
- 1D
- 0.27%
- 1M
- -1.77%
- 6M
- 10.01%
- YTD
- 20.83%
- 1Y
- 37.02%
- 3Y*
- 22.57%
- 5Y*
- 8.79%
- 10Y*
- 10.19%
- ALL TIME*
- 11.21%
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 |
GLIFX vs. LEAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GLIFX Lazard Global Listed Infrastructure Portfolio Institutional Shares | 7.62% | 23.85% | 6.71% | 10.89% | -1.33% | 19.91% | -4.51% | 22.27% | -3.82% | 20.77% |
LEAIX Lazard Emerging Markets Equity Advantage Portfolio | 20.83% | 33.74% | 11.41% | 12.67% | -21.01% | 0.96% | 17.39% | 20.44% | -16.25% | 42.52% |
Correlation
The correlation between GLIFX and LEAIX is 0.01, 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. | 0.01 |
Correlation (3Y) Balances recent behavior with more history. | 0.17 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.27 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.35 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.38 |
Over the past year, the correlation between GLIFX and LEAIX has dropped to 0.01 - well below their long-term average of 0.38, suggesting their price drivers have been diverging.
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Return for Risk
GLIFX vs. LEAIX — Risk / Return Rank
GLIFX
LEAIX
GLIFX vs. LEAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lazard Global Listed Infrastructure Portfolio Institutional Shares (GLIFX) 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.
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 | LEAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.35 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.61 | 2.79 | -1.18 |
| Martin ratioReturn relative to average drawdown | 4.34 | 8.91 | -4.57 |
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Drawdowns
GLIFX vs. LEAIX - Drawdown Comparison
The maximum GLIFX 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 GLIFX and LEAIX.
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Drawdown Indicators
| GLIFX | LEAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.65% | -37.24% | +7.59% |
Max Drawdown (1Y)Largest decline over 1 year | -9.00% | -14.30% | +5.30% |
Max Drawdown (3Y)Largest decline over 3 years | -9.00% | -16.21% | +7.21% |
Max Drawdown (5Y)Largest decline over 5 years | -17.15% | -33.37% | +16.22% |
Max Drawdown (10Y)Largest decline over 10 years | -29.65% | -37.24% | +7.59% |
Current DrawdownCurrent decline from peak | -5.53% | -8.96% | +3.43% |
Average DrawdownAverage peak-to-trough decline | -3.38% | -11.43% | +8.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.33% | 4.47% | -1.14% |
Volatility
GLIFX vs. LEAIX - Volatility Comparison
The current volatility for Lazard Global Listed Infrastructure Portfolio Institutional Shares (GLIFX) is 2.38%, while Lazard Emerging Markets Equity Advantage Portfolio (LEAIX) has a volatility of 8.94%. This indicates that GLIFX 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
| GLIFX | LEAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.38% | 8.94% | -6.56% |
Volatility (6M)Calculated over the trailing 6-month period | 9.47% | 18.35% | -8.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.89% | 20.35% | -9.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.01% | 16.87% | -5.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.18% | 17.78% | -4.60% |
GLIFX vs. LEAIX - Expense Ratio Comparison
GLIFX has a 0.97% expense ratio, which is higher than LEAIX's 0.91% expense ratio.
Dividends
GLIFX vs. LEAIX - Dividend Comparison
GLIFX's dividend yield for the trailing twelve months is around 7.29%, more than LEAIX's 1.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLIFX Lazard Global Listed Infrastructure Portfolio Institutional Shares | 7.29% | 6.22% | 4.26% | 2.95% | 14.81% | 6.21% | 2.59% | 4.44% | 14.29% | 6.94% | 1.91% | 11.33% |
LEAIX Lazard Emerging Markets Equity Advantage Portfolio | 1.58% | 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
GLIFX and LEAIX have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LEAIX has higher volatility (8.94%) compared to GLIFX (2.38%). In terms of maximum drawdown, GLIFX dropped -29.65% vs LEAIX's -37.24%.
LEAIX currently has the higher Sharpe Ratio (1.96 vs 1.33), 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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