Correlation
The correlation between IEAIX and SPY is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
IEAIX vs. SPY
Compare and contrast key facts about Lazard International Equity Advantage Portfolio (IEAIX) and SPDR S&P 500 ETF (SPY).
IEAIX is managed by Lazard. It was launched on May 29, 2015. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IEAIX or SPY.
Performance
IEAIX vs. SPY - Performance Comparison
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Key characteristics
IEAIX:
0.66
SPY:
0.70
IEAIX:
1.02
SPY:
1.02
IEAIX:
1.14
SPY:
1.15
IEAIX:
0.81
SPY:
0.68
IEAIX:
2.71
SPY:
2.57
IEAIX:
4.22%
SPY:
4.93%
IEAIX:
16.12%
SPY:
20.42%
IEAIX:
-38.85%
SPY:
-55.19%
IEAIX:
-0.16%
SPY:
-3.55%
Returns By Period
In the year-to-date period, IEAIX achieves a 12.36% return, which is significantly higher than SPY's 0.87% return.
IEAIX
12.36%
1.39%
6.34%
9.77%
13.57%
12.67%
N/A
SPY
0.87%
6.28%
-1.56%
14.21%
14.25%
15.81%
12.73%
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IEAIX vs. SPY - Expense Ratio Comparison
IEAIX has a 0.80% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
IEAIX vs. SPY — Risk-Adjusted Performance Rank
IEAIX
SPY
IEAIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Lazard International Equity Advantage Portfolio (IEAIX) and SPDR S&P 500 ETF (SPY). 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.
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Dividends
IEAIX vs. SPY - Dividend Comparison
IEAIX's dividend yield for the trailing twelve months is around 6.38%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEAIX Lazard International Equity Advantage Portfolio | 6.38% | 5.24% | 0.63% | 3.67% | 5.02% | 1.98% | 2.20% | 5.10% | 1.97% | 2.19% | 1.37% | 0.00% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
IEAIX vs. SPY - Drawdown Comparison
The maximum IEAIX drawdown since its inception was -38.85%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for IEAIX and SPY.
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Volatility
IEAIX vs. SPY - Volatility Comparison
The current volatility for Lazard International Equity Advantage Portfolio (IEAIX) is 3.49%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.86%. This indicates that IEAIX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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