GLIX vs. JPY

Last updated Jun 4, 2026

GLIX (Lazard Listed Infrastructure ETF) and JPY (Lazard Japanese Equity ETF) are both exchange-traded funds - GLIX is a Utilities Equities fund actively managed by Lazard, while JPY is a Japan Equities fund actively managed by Lazard. Both are actively managed. At a 0.34 correlation, their price movements are largely independent. GLIX charges 0.96%/yr vs 0.60%/yr for JPY.

Performance

GLIX vs. JPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lazard Listed Infrastructure ETF (GLIX) and Lazard Japanese Equity ETF (JPY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GLIX achieves a 9.30% return, which is significantly lower than JPY's 16.84% return.

GLIX

• 1D: 0.22%
• 1M: -0.28%
• YTD: 9.30%
• 6M: 8.79%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

JPY

• 1D: 0.51%
• 1M: 7.65%
• YTD: 16.84%
• 6M: 18.09%
• 1Y: 33.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GLIX vs. JPY - Yearly Performance Comparison

	2026 (YTD)	2025
GLIX Lazard Listed Infrastructure ETF	9.30%	0.49%
JPY Lazard Japanese Equity ETF	16.84%	-0.44%

Correlation

The correlation between GLIX and JPY is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 7, 2025	0.34

Return for Risk

GLIX vs. JPY — Risk / Return Rank

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

JPY

JPY Risk / Return Rank: 49
JPY Sharpe Ratio Rank: 50
JPY Sortino Ratio Rank: 50
JPY Omega Ratio Rank: 51
JPY Calmar Ratio Rank: 46
JPY Martin Ratio Rank: 46

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.

GLIX vs. JPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lazard Listed Infrastructure ETF (GLIX) and Lazard Japanese Equity ETF (JPY). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	GLIX	JPY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.70	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.29	2.52	-1.23

Drawdowns

GLIX vs. JPY - Drawdown Comparison

The maximum GLIX drawdown since its inception was -7.82%, smaller than the maximum JPY drawdown of -15.13%. Use the drawdown chart below to compare losses from any high point for GLIX and JPY.

Drawdown Indicators

	GLIX	JPY	Difference
Max Drawdown Largest peak-to-trough decline	-7.82%	-15.13%	+7.31%
Max Drawdown (1Y) Largest decline over 1 year	—	-15.13%	—
Current Drawdown Current decline from peak	-3.80%	0.00%	-3.80%
Average Drawdown Average peak-to-trough decline	-2.06%	-2.58%	+0.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.45%	—

Volatility

Volatility by Period

	GLIX	JPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.90%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.91%	—
Volatility (1Y) Calculated over the trailing 1-year period	11.94%	19.81%	-7.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.94%	21.10%	-9.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.94%	21.10%	-9.16%

GLIX vs. JPY - Expense Ratio Comparison

GLIX has a 0.96% expense ratio, which is higher than JPY's 0.60% expense ratio.

Dividends

GLIX vs. JPY - Dividend Comparison

GLIX's dividend yield for the trailing twelve months is around 1.66%, less than JPY's 2.04% yield.

Position	TTM	2025
GLIX Lazard Listed Infrastructure ETF	1.66%	1.30%
JPY Lazard Japanese Equity ETF	2.04%	2.38%

Frequently Asked Questions

Can I hold both GLIX and JPY in my portfolio?

GLIX and JPY have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GLIX or JPY?

On fees, JPY is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GLIX or JPY?

JPY is cheaper with a 0.60% expense ratio, compared with 0.96% for GLIX.

Which ETF pays a higher dividend yield, GLIX or JPY?

JPY has the higher dividend yield at 2.04%, compared with 1.66% for GLIX.

What is the main difference between GLIX and JPY?

GLIX is categorized as Utilities Equities, while JPY is Japan Equities. Their fees differ too: 0.96% for GLIX and 0.60% for JPY.