JPY vs. SYZ

Last updated Apr 3, 2026

Compare and contrast key facts about Lazard Japanese Equity ETF (JPY) and Lazard US Systematic Small Cap Equity ETF (SYZ).

JPY and SYZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JPY is an actively managed fund by Lazard. It was launched on Apr 4, 2025. SYZ is an actively managed fund by Lazard. It was launched on Oct 29, 2021.

Performance

JPY vs. SYZ - Performance Comparison

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

JPY vs. SYZ - Yearly Performance Comparison

	2026 (YTD)	2025
JPY Lazard Japanese Equity ETF	3.83%	2.21%
SYZ Lazard US Systematic Small Cap Equity ETF	4.69%	0.89%

Returns By Period

In the year-to-date period, JPY achieves a 3.83% return, which is significantly lower than SYZ's 4.69% return.

JPY

• 1D: -1.31%
• 1M: -1.66%
• YTD: 3.83%
• 6M: 6.82%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SYZ

• 1D: 0.29%
• 1M: -2.59%
• YTD: 4.69%
• 6M: 5.95%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JPY vs. SYZ - Expense Ratio Comparison

Both JPY and SYZ have an expense ratio of 0.60%.

JPY

Lazard Japanese Equity ETF

SYZ

Lazard US Systematic Small Cap Equity ETF

Return for Risk

JPY vs. SYZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lazard Japanese Equity ETF (JPY) and Lazard US Systematic Small Cap Equity ETF (SYZ). 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

	JPY	SYZ	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.15	0.62	+1.52

Correlation

The correlation between JPY and SYZ is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

JPY vs. SYZ - Dividend Comparison

JPY's dividend yield for the trailing twelve months is around 2.29%, more than SYZ's 0.16% yield.

	TTM	2025
JPY Lazard Japanese Equity ETF	2.29%	2.38%
SYZ Lazard US Systematic Small Cap Equity ETF	0.16%	0.00%

Drawdowns

JPY vs. SYZ - Drawdown Comparison

The maximum JPY drawdown since its inception was -15.13%, which is greater than SYZ's maximum drawdown of -8.00%. Use the drawdown chart below to compare losses from any high point for JPY and SYZ.

Drawdown Indicators

	JPY	SYZ	Difference
Max Drawdown Largest peak-to-trough decline	-15.13%	-8.00%	-7.13%
Current Drawdown Current decline from peak	-10.45%	-4.12%	-6.33%
Average Drawdown Average peak-to-trough decline	-2.25%	-2.46%	+0.21%

Volatility

Volatility by Period

	JPY	SYZ	Difference
Volatility (1Y) Calculated over the trailing 1-year period	21.50%	16.86%	+4.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.50%	16.86%	+4.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.50%	16.86%	+4.64%