LAIEX vs. LZISX

Last updated Aug 1, 2026

LAIEX (Lord Abbett International Opportunities Fund) and LZISX (Lazard International Small Cap Equity Portfolio) are both Foreign Small & Mid Cap Equities funds. Over the past 10 years, LAIEX returned 6.96%/yr vs 7.17%/yr for LZISX. Their correlation of 0.84 means they have usually moved in the same direction. LAIEX charges 1.22%/yr vs 1.14%/yr for LZISX.

Performance

LAIEX vs. LZISX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lord Abbett International Opportunities Fund (LAIEX) and Lazard International Small Cap Equity Portfolio (LZISX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LAIEX achieves a 11.15% return, which is significantly lower than LZISX's 18.32% return. Both investments have delivered pretty close results over the past 10 years, with LAIEX having a 6.96% annualized return and LZISX not far ahead at 7.17%.

LAIEX

• 1D: 2.80%
• 1M: -3.73%
• 6M: 4.44%
• YTD: 11.15%
• 1Y: 14.80%
• 3Y*: 11.83%
• 5Y*: 4.35%
• 10Y*: 6.96%
• ALL TIME*: 5.57%

LZISX

• 1D: 3.55%
• 1M: -6.00%
• 6M: 8.86%
• YTD: 18.32%
• 1Y: 26.20%
• 3Y*: 16.73%
• 5Y*: 4.72%
• 10Y*: 7.17%
• ALL TIME*: 6.87%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
LAIEX Lord Abbett International Opportunities Fund	$0.00	$0.00	$0.00
LZISX Lazard International Small Cap Equity Portfolio	$0.00	$0.00	$0.00

LAIEX vs. LZISX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LAIEX Lord Abbett International Opportunities Fund	11.15%	23.98%	0.22%	14.75%	-20.35%	9.51%	14.29%	21.25%	-23.77%	37.96%
LZISX Lazard International Small Cap Equity Portfolio	18.32%	35.95%	-3.68%	11.59%	-26.34%	12.36%	13.45%	25.49%	-24.90%	36.67%

Correlation

The correlation between LAIEX and LZISX is 0.84, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.84
Correlation (3Y) Balances recent behavior with more history.	0.89
Correlation (5Y) Shows whether the relationship held over a longer period.	0.92
Correlation (10Y) Provides a long-term view across more market conditions.	0.90
Correlation (All Time) Calculated using the full available price history since Dec 11, 1996	0.84

The correlation between LAIEX and LZISX has been stable across timeframes, ranging from 0.84 to 0.92 - a consistent structural relationship.

Return for Risk

LAIEX vs. LZISX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

LAIEX

LAIEX Risk / Return Rank: 23
LAIEX Sharpe Ratio Rank: 22
LAIEX Sortino Ratio Rank: 23
LAIEX Omega Ratio Rank: 24
LAIEX Calmar Ratio Rank: 26
LAIEX Martin Ratio Rank: 23

LZISX

LZISX Risk / Return Rank: 47
LZISX Sharpe Ratio Rank: 41
LZISX Sortino Ratio Rank: 41
LZISX Omega Ratio Rank: 39
LZISX Calmar Ratio Rank: 61
LZISX Martin Ratio Rank: 51

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

LAIEX vs. LZISX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lord Abbett International Opportunities Fund (LAIEX) and Lazard International Small Cap Equity Portfolio (LZISX). 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.

	LAIEX	LZISX	Difference
Sharpe ratio: Return per unit of total volatility	0.85	1.24	-0.39
Sortino ratio: Return per unit of downside risk	1.28	1.78	-0.50
Omega ratio: Gain probability vs. loss probability	1.16	1.22	-0.06
Calmar ratio: Return relative to maximum drawdown	1.24	2.11	-0.88
Martin ratio: Return relative to average drawdown	3.50	7.16	-3.66

LAIEX vs. LZISX - Sharpe Ratio Comparison

The current LAIEX Sharpe Ratio is 0.85, which is lower than the LZISX Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of LAIEX and LZISX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LAIEX vs. LZISX - Drawdown Comparison

The maximum LAIEX drawdown since its inception was -71.83%, which is greater than LZISX's maximum drawdown of -65.43%. Use the drawdown chart below to compare losses from any high point for LAIEX and LZISX.

Drawdown Indicators

	LAIEX	LZISX	Difference
Max Drawdown Largest peak-to-trough decline	-71.83%	-65.43%	-6.40%
Max Drawdown (1Y) Largest decline over 1 year	-12.28%	-12.57%	+0.29%
Max Drawdown (3Y) Largest decline over 3 years	-15.79%	-15.88%	+0.09%
Max Drawdown (5Y) Largest decline over 5 years	-36.79%	-42.01%	+5.22%
Max Drawdown (10Y) Largest decline over 10 years	-46.13%	-44.80%	-1.33%
Current Drawdown Current decline from peak	-8.63%	-9.47%	+0.84%
Average Drawdown Average peak-to-trough decline	-22.52%	-14.73%	-7.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.32%	3.70%	+0.62%

Volatility

LAIEX vs. LZISX - Volatility Comparison

The current volatility for Lord Abbett International Opportunities Fund (LAIEX) is 5.88%, while Lazard International Small Cap Equity Portfolio (LZISX) has a volatility of 7.67%. This indicates that LAIEX experiences smaller price fluctuations and is considered to be less risky than LZISX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LAIEX	LZISX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.88%	7.67%	-1.79%
Volatility (6M) Calculated over the trailing 6-month period	16.20%	17.74%	-1.54%
Volatility (1Y) Calculated over the trailing 1-year period	17.98%	21.48%	-3.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.40%	18.02%	-1.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.22%	17.04%	-0.82%

LAIEX vs. LZISX - Expense Ratio Comparison

LAIEX has a 1.22% expense ratio, which is higher than LZISX's 1.14% expense ratio.

Dividends

LAIEX vs. LZISX - Dividend Comparison

LAIEX's dividend yield for the trailing twelve months is around 1.43%, less than LZISX's 1.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LAIEX Lord Abbett International Opportunities Fund	1.43%	1.59%	1.90%	1.51%	1.69%	2.33%	0.00%	1.23%	12.50%	4.38%	0.71%	4.36%
LZISX Lazard International Small Cap Equity Portfolio	1.62%	1.91%	1.89%	2.08%	5.44%	36.78%	2.07%	2.10%	4.62%	0.00%	2.96%	0.69%

Frequently Asked Questions

Can I hold both LAIEX and LZISX in my portfolio?

LAIEX and LZISX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LAIEX or LZISX?

LZISX has higher volatility (7.67%) compared to LAIEX (5.88%). In terms of maximum drawdown, LAIEX dropped -71.83% vs LZISX's -65.43%.

Which has better risk-adjusted returns?

LZISX currently has the higher Sharpe Ratio (1.24 vs 0.85), 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.