LAZ vs. AB

Last updated Apr 1, 2026

Compare and contrast key facts about Lazard Ltd (LAZ) and AllianceBernstein Holding L.P. (AB).

Performance

LAZ vs. AB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lazard Ltd (LAZ) and AllianceBernstein Holding L.P. (AB). The values are adjusted to include any dividend payments, if applicable.

LAZ vs. AB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LAZ Lazard Ltd	-11.74%	-1.64%	54.83%	6.92%	-16.21%	7.41%	12.08%	15.22%	-25.38%	36.20%
AB AllianceBernstein Holding L.P.	-0.36%	13.36%	30.40%	-2.29%	-23.46%	56.27%	23.00%	19.85%	21.04%	16.76%

Fundamentals

Market Cap LAZ : $4.57B AB : $3.39B
EPS LAZ : $2.23 AB : $2.89
PE Ratio LAZ : 19.04 AB : 12.98
PS Ratio LAZ : 1.42 AB : 11.69
PB Ratio LAZ : 5.23 AB : 2.88
Total Revenue (TTM) LAZ : $3.17B AB : $332.76M
Gross Profit (TTM) LAZ : $1.03B AB : $332.76M
EBITDA (TTM) LAZ : $418.11M AB : $243.00M

Returns By Period

In the year-to-date period, LAZ achieves a -11.74% return, which is significantly lower than AB's -0.36% return. Over the past 10 years, LAZ has underperformed AB with an annualized return of 6.15%, while AB has yielded a comparatively higher 13.83% annualized return.

LAZ

• 1D: 5.33%
• 1M: -16.05%
• YTD: -11.74%
• 6M: -17.96%
• 1Y: 2.24%
• 3Y*: 14.09%
• 5Y*: 3.85%
• 10Y*: 6.15%

AB

• 1D: 2.69%
• 1M: -4.64%
• YTD: -0.36%
• 6M: 2.51%
• 1Y: 6.25%
• 3Y*: 9.97%
• 5Y*: 6.71%
• 10Y*: 13.83%

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

Return for Risk

LAZ vs. AB — Risk / Return Rank

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

LAZ

LAZ Risk / Return Rank: 42
LAZ Sharpe Ratio Rank: 43
LAZ Sortino Ratio Rank: 39
LAZ Omega Ratio Rank: 39
LAZ Calmar Ratio Rank: 44
LAZ Martin Ratio Rank: 43

AB

AB Risk / Return Rank: 48
AB Sharpe Ratio Rank: 51
AB Sortino Ratio Rank: 44
AB Omega Ratio Rank: 43
AB Calmar Ratio Rank: 52
AB Martin Ratio Rank: 53

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.

LAZ vs. AB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lazard Ltd (LAZ) and AllianceBernstein Holding L.P. (AB). 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.

	LAZ	AB	Difference
Sharpe ratio Return per unit of total volatility	0.05	0.24	-0.19
Sortino ratio Return per unit of downside risk	0.38	0.54	-0.15
Omega ratio Gain probability vs. loss probability	1.05	1.07	-0.01
Calmar ratio Return relative to maximum drawdown	0.08	0.40	-0.31
Martin ratio Return relative to average drawdown	0.20	0.99	-0.78
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LAZ vs. AB - Sharpe Ratio Comparison

The current LAZ Sharpe Ratio is 0.05, which is lower than the AB Sharpe Ratio of 0.24. The chart below compares the historical Sharpe Ratios of LAZ and AB, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	LAZ	AB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.05	0.24	-0.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.11	0.24	-0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.17	0.43	-0.26
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	0.46	-0.29

Correlation

The correlation between LAZ and AB is 0.46, 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

LAZ vs. AB - Dividend Comparison

LAZ's dividend yield for the trailing twelve months is around 4.71%, less than AB's 9.03% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LAZ Lazard Ltd	4.71%	4.12%	3.89%	5.75%	5.60%	4.31%	4.44%	5.88%	8.21%	5.35%	6.55%	5.22%
AB AllianceBernstein Holding L.P.	9.03%	9.02%	8.03%	8.44%	10.30%	7.33%	8.26%	7.67%	10.54%	8.50%	7.46%	8.09%

Drawdowns

LAZ vs. AB - Drawdown Comparison

The maximum LAZ drawdown since its inception was -62.72%, smaller than the maximum AB drawdown of -87.65%. Use the drawdown chart below to compare losses from any high point for LAZ and AB.

Drawdown Indicators

	LAZ	AB	Difference
Max Drawdown Largest peak-to-trough decline	-62.72%	-87.65%	+24.93%
Max Drawdown (1Y) Largest decline over 1 year	-31.39%	-15.41%	-15.98%
Max Drawdown (5Y) Largest decline over 5 years	-44.24%	-45.76%	+1.52%
Max Drawdown (10Y) Largest decline over 10 years	-59.51%	-58.08%	-1.43%
Current Drawdown Current decline from peak	-26.12%	-10.42%	-15.70%
Average Drawdown Average peak-to-trough decline	-23.52%	-26.30%	+2.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.47%	6.17%	+6.30%

Volatility

LAZ vs. AB - Volatility Comparison

Lazard Ltd (LAZ) has a higher volatility of 14.87% compared to AllianceBernstein Holding L.P. (AB) at 7.70%. This indicates that LAZ's price experiences larger fluctuations and is considered to be riskier than AB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LAZ	AB	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.87%	7.70%	+7.17%
Volatility (6M) Calculated over the trailing 6-month period	26.91%	18.83%	+8.08%
Volatility (1Y) Calculated over the trailing 1-year period	44.41%	26.61%	+17.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.35%	28.50%	+7.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.87%	32.46%	+3.41%

Financials

LAZ vs. AB - Profitability Comparison

The chart below illustrates the profitability comparison between Lazard Ltd and AllianceBernstein Holding L.P. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

LAZ - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Lazard Ltd reported a gross profit of 252.59M and revenue of 938.59M. Therefore, the gross margin over that period was 26.9%.

AB - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, AllianceBernstein Holding L.P. reported a gross profit of 89.76M and revenue of 89.76M. Therefore, the gross margin over that period was 100.0%.

LAZ - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Lazard Ltd reported an operating income of 84.95M and revenue of 938.59M, resulting in an operating margin of 9.1%.

AB - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, AllianceBernstein Holding L.P. reported an operating income of 89.76M and revenue of 89.76M, resulting in an operating margin of 100.0%.

LAZ - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Lazard Ltd reported a net income of 49.86M and revenue of 938.59M, resulting in a net margin of 5.3%.

AB - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, AllianceBernstein Holding L.P. reported a net income of 81.80M and revenue of 89.76M, resulting in a net margin of 91.1%.