JPY vs. GLIX

Last updated Jun 23, 2026

JPY (Lazard Japanese Equity ETF) and GLIX (Lazard Listed Infrastructure ETF) are both exchange-traded funds - JPY is a Japan Equities fund actively managed by Lazard, while GLIX is a Utilities Equities fund actively managed by Lazard. Both are actively managed. At a 0.28 correlation, their price movements are largely independent. JPY charges 0.60%/yr vs 0.96%/yr for GLIX.

Performance

JPY vs. GLIX - Performance Comparison

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

Returns By Period

In the year-to-date period, JPY achieves a 18.35% return, which is significantly higher than GLIX's 11.22% return.

JPY

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

GLIX

• 1D: 0.72%
• 1M: 0.89%
• YTD: 11.22%
• 6M: 11.83%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JPY vs. GLIX - Yearly Performance Comparison

	2026 (YTD)	2025
JPY Lazard Japanese Equity ETF	18.35%	0.75%
GLIX Lazard Listed Infrastructure ETF	11.22%	0.49%

Correlation

The correlation between JPY and GLIX is 0.28, 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 6, 2025	0.28

Return for Risk

JPY vs. GLIX — Risk / Return Rank

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

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

GLIX

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

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.

JPY vs. GLIX - Risk-Adjusted Trends Comparison

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

	JPY	GLIX	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

JPY vs. GLIX - Drawdown Comparison

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

Drawdown Indicators

	JPY	GLIX	Difference
Max Drawdown Largest peak-to-trough decline	-15.13%	-7.82%	-7.31%
Max Drawdown (1Y) Largest decline over 1 year	-15.13%	—	—
Current Drawdown Current decline from peak	-0.31%	-2.11%	+1.80%
Average Drawdown Average peak-to-trough decline	-2.52%	-2.06%	-0.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.46%	—	—

Volatility

Volatility by Period

	JPY	GLIX	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	20.14%	11.90%	+8.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.06%	11.90%	+9.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.06%	11.90%	+9.16%

JPY vs. GLIX - Expense Ratio Comparison

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

Dividends

JPY vs. GLIX - Dividend Comparison

JPY's dividend yield for the trailing twelve months is around 1.17%, less than GLIX's 2.04% yield.

Position	TTM	2025
GLIX Lazard Listed Infrastructure ETF	2.04%	1.30%
JPY Lazard Japanese Equity ETF	1.17%	2.38%

Frequently Asked Questions

Can I hold both JPY and GLIX in my portfolio?

JPY and GLIX have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JPY or GLIX?

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, JPY or GLIX?

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

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

GLIX has the higher dividend yield at 2.04%, compared with 1.17% for JPY.

What is the main difference between JPY and GLIX?

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