IGF vs. GLIFX
IGF (iShares Global Infrastructure ETF) and GLIFX (Lazard Global Listed Infrastructure Portfolio Institutional Shares) are both funds - IGF is a Industrials Equities fund tracking the S&P Global Infrastructure Index (Net), while GLIFX is a Global Equities fund managed by Lazard. Over the past 10 years, IGF returned 8.80%/yr vs 10.35%/yr for GLIFX. A 0.74 correlation means they provide meaningful diversification when combined. IGF charges 0.39%/yr vs 0.97%/yr for GLIFX.
Performance
IGF vs. GLIFX - Performance Comparison
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Returns By Period
In the year-to-date period, IGF achieves a 9.70% return, which is significantly higher than GLIFX's 8.47% return. Over the past 10 years, IGF has underperformed GLIFX with an annualized return of 8.80%, while GLIFX has yielded a comparatively higher 10.35% annualized return.
IGF
- 1D
- 0.03%
- 1M
- -0.13%
- YTD
- 9.70%
- 6M
- 10.12%
- 1Y
- 18.50%
- 3Y*
- 16.79%
- 5Y*
- 10.87%
- 10Y*
- 8.80%
GLIFX
- 1D
- -0.23%
- 1M
- -1.03%
- YTD
- 8.47%
- 6M
- 9.37%
- 1Y
- 17.48%
- 3Y*
- 13.94%
- 5Y*
- 11.35%
- 10Y*
- 10.35%
IGF vs. GLIFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGF iShares Global Infrastructure ETF | 9.70% | 21.31% | 14.81% | 6.14% | -1.26% | 11.57% | -6.50% | 25.82% | -9.95% | 19.31% |
GLIFX Lazard Global Listed Infrastructure Portfolio Institutional Shares | 8.47% | 23.85% | 6.71% | 10.89% | -1.33% | 19.91% | -4.51% | 22.27% | -3.82% | 20.77% |
Correlation
The correlation between IGF and GLIFX is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2010 | 0.74 |
The correlation between IGF and GLIFX shifts across timeframes, from 0.62 (1 year) to 0.74 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IGF vs. GLIFX — Risk / Return Rank
IGF
GLIFX
IGF vs. GLIFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Infrastructure ETF (IGF) and Lazard Global Listed Infrastructure Portfolio Institutional Shares (GLIFX). 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.
| IGF | GLIFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.30 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.17 | 1.94 | +1.22 |
| Martin ratioReturn relative to average drawdown | 8.98 | 6.14 | +2.84 |
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Drawdowns
IGF vs. GLIFX - Drawdown Comparison
The maximum IGF drawdown since its inception was -58.33%, which is greater than GLIFX's maximum drawdown of -29.65%. Use the drawdown chart below to compare losses from any high point for IGF and GLIFX.
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Drawdown Indicators
| IGF | GLIFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.33% | -29.65% | -28.68% |
Max Drawdown (1Y)Largest decline over 1 year | -5.87% | -9.00% | +3.13% |
Max Drawdown (3Y)Largest decline over 3 years | -14.28% | -10.02% | -4.26% |
Max Drawdown (5Y)Largest decline over 5 years | -20.83% | -17.15% | -3.68% |
Max Drawdown (10Y)Largest decline over 10 years | -42.11% | -29.65% | -12.46% |
Current DrawdownCurrent decline from peak | -2.96% | -4.79% | +1.83% |
Average DrawdownAverage peak-to-trough decline | -11.85% | -3.36% | -8.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.06% | 2.84% | -0.78% |
Volatility
IGF vs. GLIFX - Volatility Comparison
iShares Global Infrastructure ETF (IGF) has a higher volatility of 3.38% compared to Lazard Global Listed Infrastructure Portfolio Institutional Shares (GLIFX) at 2.81%. This indicates that IGF's price experiences larger fluctuations and is considered to be riskier than GLIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGF | GLIFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.38% | 2.81% | +0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 8.73% | 9.39% | -0.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.58% | 10.79% | -0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.97% | 11.00% | +2.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.82% | 13.31% | +3.51% |
IGF vs. GLIFX - Expense Ratio Comparison
IGF has a 0.39% expense ratio, which is lower than GLIFX's 0.97% expense ratio.
Dividends
IGF vs. GLIFX - Dividend Comparison
IGF's dividend yield for the trailing twelve months is around 2.91%, less than GLIFX's 7.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLIFX Lazard Global Listed Infrastructure Portfolio Institutional Shares | 7.24% | 6.22% | 4.26% | 2.95% | 14.81% | 6.21% | 2.59% | 4.44% | 14.29% | 6.94% | 1.91% | 11.33% |
IGF iShares Global Infrastructure ETF | 2.91% | 3.23% | 3.21% | 3.36% | 2.67% | 2.42% | 2.33% | 3.27% | 3.52% | 2.95% | 2.98% | 3.25% |
Frequently Asked Questions
IGF and GLIFX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGF has higher volatility (3.38%) compared to GLIFX (2.81%). In terms of maximum drawdown, IGF dropped -58.33% vs GLIFX's -29.65%.
IGF currently has the higher Sharpe Ratio (1.76 vs 1.62), 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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