GLIFX vs. LISIX
GLIFX (Lazard Global Listed Infrastructure Portfolio Institutional Shares) and LISIX (Lazard International Strategic Equity Portfolio R6) are both mutual funds - GLIFX is a Global Equities fund managed by Lazard, while LISIX is a Foreign Large Cap Equities fund managed by Lazard. Over the past 10 years, GLIFX returned 10.23%/yr vs 7.47%/yr for LISIX. A 0.66 correlation means they provide meaningful diversification when combined. GLIFX charges 0.97%/yr vs 0.80%/yr for LISIX.
Performance
GLIFX vs. LISIX - Performance Comparison
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Returns By Period
In the year-to-date period, GLIFX achieves a 7.33% return, which is significantly lower than LISIX's 11.97% return. Over the past 10 years, GLIFX has outperformed LISIX with an annualized return of 10.23%, while LISIX has yielded a comparatively lower 7.47% annualized return.
GLIFX
- 1D
- -0.51%
- 1M
- -1.97%
- YTD
- 7.33%
- 6M
- 7.56%
- 1Y
- 15.45%
- 3Y*
- 13.91%
- 5Y*
- 11.29%
- 10Y*
- 10.23%
LISIX
- 1D
- 0.41%
- 1M
- 5.15%
- YTD
- 11.97%
- 6M
- 13.14%
- 1Y
- 21.90%
- 3Y*
- 14.01%
- 5Y*
- 5.43%
- 10Y*
- 7.47%
GLIFX vs. LISIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GLIFX Lazard Global Listed Infrastructure Portfolio Institutional Shares | 7.33% | 23.85% | 6.71% | 10.89% | -1.33% | 19.91% | -4.51% | 22.27% | -3.82% | 20.77% |
LISIX Lazard International Strategic Equity Portfolio R6 | 11.97% | 25.70% | -1.42% | 17.08% | -16.89% | 6.07% | 10.58% | 21.56% | -10.48% | 27.87% |
Correlation
The correlation between GLIFX and LISIX is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2010 | 0.66 |
Over the past year, the correlation between GLIFX and LISIX has dropped to 0.36 - well below their long-term average of 0.66, suggesting their price drivers have been diverging.
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Return for Risk
GLIFX vs. LISIX — Risk / Return Rank
GLIFX
LISIX
GLIFX vs. LISIX - 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 International Strategic Equity Portfolio R6 (LISIX). 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.
| GLIFX | LISIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.26 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 1.71 | +0.03 |
| Martin ratioReturn relative to average drawdown | 5.88 | 6.85 | -0.97 |
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
| GLIFX | LISIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.46 | 1.40 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.03 | 0.31 | +0.72 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.77 | 0.43 | +0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 0.35 | +0.49 |
Drawdowns
GLIFX vs. LISIX - Drawdown Comparison
The maximum GLIFX drawdown since its inception was -29.65%, smaller than the maximum LISIX drawdown of -55.70%. Use the drawdown chart below to compare losses from any high point for GLIFX and LISIX.
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Drawdown Indicators
| GLIFX | LISIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.65% | -55.70% | +26.05% |
Max Drawdown (1Y)Largest decline over 1 year | -9.00% | -12.28% | +3.28% |
Max Drawdown (3Y)Largest decline over 3 years | -10.02% | -16.26% | +6.24% |
Max Drawdown (5Y)Largest decline over 5 years | -17.15% | -32.52% | +15.37% |
Max Drawdown (10Y)Largest decline over 10 years | -29.65% | -36.01% | +6.36% |
Current DrawdownCurrent decline from peak | -5.79% | -0.07% | -5.72% |
Average DrawdownAverage peak-to-trough decline | -3.36% | -10.49% | +7.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.66% | 3.06% | -0.40% |
Volatility
GLIFX vs. LISIX - Volatility Comparison
The current volatility for Lazard Global Listed Infrastructure Portfolio Institutional Shares (GLIFX) is 4.53%, while Lazard International Strategic Equity Portfolio R6 (LISIX) has a volatility of 5.76%. This indicates that GLIFX experiences smaller price fluctuations and is considered to be less risky than LISIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLIFX | LISIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.53% | 5.76% | -1.23% |
Volatility (6M)Calculated over the trailing 6-month period | 9.30% | 12.80% | -3.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.72% | 15.02% | -4.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.99% | 17.58% | -6.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.33% | 17.28% | -3.95% |
GLIFX vs. LISIX - Expense Ratio Comparison
GLIFX has a 0.97% expense ratio, which is higher than LISIX's 0.80% expense ratio.
Dividends
GLIFX vs. LISIX - Dividend Comparison
GLIFX's dividend yield for the trailing twelve months is around 6.29%, less than LISIX's 25.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLIFX Lazard Global Listed Infrastructure Portfolio Institutional Shares | 6.29% | 6.22% | 4.26% | 2.95% | 14.81% | 6.21% | 2.59% | 4.44% | 14.29% | 6.94% | 1.91% | 11.33% |
LISIX Lazard International Strategic Equity Portfolio R6 | 25.69% | 28.77% | 13.47% | 1.46% | 1.39% | 8.82% | 1.01% | 1.85% | 9.01% | 1.30% | 1.60% | 1.16% |
Frequently Asked Questions
GLIFX and LISIX have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LISIX has higher volatility (5.76%) compared to GLIFX (4.53%). In terms of maximum drawdown, GLIFX dropped -29.65% vs LISIX's -55.70%.
GLIFX currently has the higher Sharpe Ratio (1.46 vs 1.40), 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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