IDEQ vs. JPY

Last updated Jun 23, 2026

IDEQ (Lazard International Dynamic Equity ETF) and JPY (Lazard Japanese Equity ETF) are both exchange-traded funds - IDEQ is a Foreign Large Cap Equities fund actively managed by Lazard, while JPY is a Japan Equities fund actively managed by Lazard. Both are actively managed. A 0.71 correlation means they provide meaningful diversification when combined. IDEQ charges 0.40%/yr vs 0.60%/yr for JPY.

Performance

IDEQ vs. JPY - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with IDEQ having a 19.27% return and JPY slightly lower at 18.35%.

IDEQ

• 1D: 0.28%
• 1M: 4.53%
• YTD: 19.27%
• 6M: 20.22%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

JPY

• 1D: -0.31%
• 1M: 3.62%
• YTD: 18.35%
• 6M: 18.98%
• 1Y: 38.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IDEQ vs. JPY - Yearly Performance Comparison

	2026 (YTD)	2025
IDEQ Lazard International Dynamic Equity ETF	19.27%	12.10%
JPY Lazard Japanese Equity ETF	18.35%	4.97%

Correlation

The correlation between IDEQ and JPY is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 29, 2025	0.71

Return for Risk

IDEQ vs. JPY — Risk / Return Rank

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

IDEQ

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

JPY

JPY Risk / Return Rank: 57
JPY Sharpe Ratio Rank: 60
JPY Sortino Ratio Rank: 58
JPY Omega Ratio Rank: 60
JPY Calmar Ratio Rank: 54
JPY Martin Ratio Rank: 52

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.

IDEQ vs. JPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lazard International Dynamic Equity ETF (IDEQ) 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.

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.

	IDEQ	JPY	Difference
Sharpe ratio: Return per unit of total volatility	—	1.94	—
Sortino ratio: Return per unit of downside risk	—	2.68	—
Omega ratio: Gain probability vs. loss probability	—	1.36	—
Calmar ratio: Return relative to maximum drawdown	—	2.58	—
Martin ratio: Return relative to average drawdown	—	8.73	—

Drawdowns

IDEQ vs. JPY - Drawdown Comparison

The maximum IDEQ drawdown since its inception was -12.95%, smaller than the maximum JPY drawdown of -15.13%. Use the drawdown chart below to compare losses from any high point for IDEQ and JPY.

Drawdown Indicators

	IDEQ	JPY	Difference
Max Drawdown Largest peak-to-trough decline	-12.95%	-15.13%	+2.18%
Max Drawdown (1Y) Largest decline over 1 year	—	-15.13%	—
Current Drawdown Current decline from peak	0.00%	-0.31%	+0.31%
Average Drawdown Average peak-to-trough decline	-2.07%	-2.52%	+0.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.46%	—

Volatility

Volatility by Period

	IDEQ	JPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.07%	—
Volatility (6M) Calculated over the trailing 6-month period	—	15.34%	—
Volatility (1Y) Calculated over the trailing 1-year period	19.19%	20.14%	-0.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.19%	21.06%	-1.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.19%	21.06%	-1.87%

IDEQ vs. JPY - Expense Ratio Comparison

IDEQ has a 0.40% expense ratio, which is lower than JPY's 0.60% expense ratio.

Dividends

IDEQ vs. JPY - Dividend Comparison

IDEQ's dividend yield for the trailing twelve months is around 1.30%, more than JPY's 1.17% yield.

Position	TTM	2025
IDEQ Lazard International Dynamic Equity ETF	1.30%	0.60%
JPY Lazard Japanese Equity ETF	1.17%	2.38%

Frequently Asked Questions

Can I hold both IDEQ and JPY in my portfolio?

IDEQ and JPY have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IDEQ or JPY?

On fees, IDEQ is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IDEQ or JPY?

IDEQ is cheaper with a 0.40% expense ratio, compared with 0.60% for JPY.

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

IDEQ has the higher dividend yield at 1.30%, compared with 1.17% for JPY.

What is the main difference between IDEQ and JPY?

IDEQ is categorized as Foreign Large Cap Equities, while JPY is Japan Equities. Their fees differ too: 0.40% for IDEQ and 0.60% for JPY.