LAZ vs. FWIFX

Last updated Jun 4, 2026

LAZ (Lazard Ltd) is a stock, while FWIFX (Fidelity Advisor Worldwide Fund Class I) is Global Equities fund managed by Fidelity. Over the past 10 years, LAZ returned 8.79%/yr vs 15.13%/yr for FWIFX. A 0.57 correlation means they provide meaningful diversification when combined.

Performance

LAZ vs. FWIFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lazard Ltd (LAZ) and Fidelity Advisor Worldwide Fund Class I (FWIFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LAZ achieves a -1.16% return, which is significantly lower than FWIFX's 20.77% return. Over the past 10 years, LAZ has underperformed FWIFX with an annualized return of 8.79%, while FWIFX has yielded a comparatively higher 15.13% annualized return.

LAZ

• 1D: -3.50%
• 1M: 8.72%
• YTD: -1.16%
• 6M: -10.25%
• 1Y: 12.14%
• 3Y*: 20.70%
• 5Y*: 4.78%
• 10Y*: 8.79%

FWIFX

• 1D: 1.12%
• 1M: 8.02%
• YTD: 20.77%
• 6M: 21.02%
• 1Y: 41.08%
• 3Y*: 25.45%
• 5Y*: 12.59%
• 10Y*: 15.13%

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

LAZ vs. FWIFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LAZ Lazard Ltd	-1.16%	-1.64%	54.83%	6.92%	-16.21%	7.41%	12.08%	15.22%	-25.38%	36.20%
FWIFX Fidelity Advisor Worldwide Fund Class I	20.77%	16.11%	27.63%	24.92%	-25.72%	18.43%	30.92%	28.94%	-4.56%	29.58%

Correlation

The correlation between LAZ and FWIFX is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.46
Correlation (5Y) Calculated over the trailing 5-year period	0.55
Correlation (10Y) Calculated over the trailing 10-year period	0.53
Correlation (All Time) Calculated using the full available price history since Feb 20, 2009	0.57

The correlation between LAZ and FWIFX shifts across timeframes, from 0.44 (1 year) to 0.57 (all time), reflecting how their relationship changes across market environments.

Return for Risk

LAZ vs. FWIFX — Risk / Return Rank

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

LAZ

LAZ Risk / Return Rank: 49
LAZ Sharpe Ratio Rank: 53
LAZ Sortino Ratio Rank: 47
LAZ Omega Ratio Rank: 45
LAZ Calmar Ratio Rank: 50
LAZ Martin Ratio Rank: 51

FWIFX

FWIFX Risk / Return Rank: 69
FWIFX Sharpe Ratio Rank: 68
FWIFX Sortino Ratio Rank: 57
FWIFX Omega Ratio Rank: 59
FWIFX Calmar Ratio Rank: 79
FWIFX Martin Ratio Rank: 82

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. FWIFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lazard Ltd (LAZ) and Fidelity Advisor Worldwide Fund Class I (FWIFX). 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	FWIFX	Difference
Sharpe ratio Return per unit of total volatility	0.33	2.41	-2.08
Sortino ratio Return per unit of downside risk	0.71	3.19	-2.48
Omega ratio Gain probability vs. loss probability	1.08	1.43	-0.34
Calmar ratio Return relative to maximum drawdown	0.39	3.57	-3.18
Martin ratio Return relative to average drawdown	0.91	15.47	-14.55
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. FWIFX - Sharpe Ratio Comparison

The current LAZ Sharpe Ratio is 0.33, which is lower than the FWIFX Sharpe Ratio of 2.41. The chart below compares the historical Sharpe Ratios of LAZ and FWIFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LAZ	FWIFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.33	2.41	-2.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.13	0.67	-0.54
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.24	0.81	-0.56
Sharpe Ratio (All Time) Calculated using the full available price history	0.18	0.79	-0.60

Drawdowns

LAZ vs. FWIFX - Drawdown Comparison

The maximum LAZ drawdown since its inception was -62.72%, which is greater than FWIFX's maximum drawdown of -33.71%. Use the drawdown chart below to compare losses from any high point for LAZ and FWIFX.

Drawdown Indicators

	LAZ	FWIFX	Difference
Max Drawdown Largest peak-to-trough decline	-62.72%	-33.71%	-29.01%
Max Drawdown (1Y) Largest decline over 1 year	-31.39%	-11.74%	-19.65%
Max Drawdown (3Y) Largest decline over 3 years	-44.24%	-22.63%	-21.61%
Max Drawdown (5Y) Largest decline over 5 years	-44.24%	-33.71%	-10.53%
Max Drawdown (10Y) Largest decline over 10 years	-59.51%	-33.71%	-25.80%
Current Drawdown Current decline from peak	-17.26%	0.00%	-17.26%
Average Drawdown Average peak-to-trough decline	-23.47%	-6.10%	-17.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.30%	2.71%	+10.59%

Volatility

LAZ vs. FWIFX - Volatility Comparison

Lazard Ltd (LAZ) has a higher volatility of 10.64% compared to Fidelity Advisor Worldwide Fund Class I (FWIFX) at 6.04%. This indicates that LAZ's price experiences larger fluctuations and is considered to be riskier than FWIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LAZ	FWIFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.64%	6.04%	+4.60%
Volatility (6M) Calculated over the trailing 6-month period	30.05%	13.72%	+16.33%
Volatility (1Y) Calculated over the trailing 1-year period	36.86%	17.39%	+19.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.81%	18.92%	+17.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.02%	18.81%	+17.21%

Dividends

LAZ vs. FWIFX - Dividend Comparison

LAZ's dividend yield for the trailing twelve months is around 4.25%, less than FWIFX's 9.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FWIFX Fidelity Advisor Worldwide Fund Class I	9.63%	11.63%	14.80%	0.93%	6.23%	12.86%	8.16%	4.93%	9.72%	6.94%	1.17%	3.88%
LAZ Lazard Ltd	4.25%	4.12%	3.89%	5.75%	5.60%	4.31%	4.44%	5.88%	8.21%	5.35%	6.55%	5.22%

Frequently Asked Questions

Can I hold both LAZ and FWIFX in my portfolio?

LAZ and FWIFX have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LAZ or FWIFX?

LAZ has higher volatility (10.64%) compared to FWIFX (6.04%). In terms of maximum drawdown, LAZ dropped -62.72% vs FWIFX's -33.71%.

Which has better risk-adjusted returns?

FWIFX currently has the higher Sharpe Ratio (2.41 vs 0.33), 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.