LAZ vs. PM
LAZ (Lazard Ltd) and PM (Philip Morris International Inc.) are both stocks. LAZ operates in Capital Markets (Financial Services), while PM operates in Tobacco (Consumer Defensive). Over the past 10 years, LAZ returned 8.21%/yr vs 12.29%/yr for PM. At a 0.26 correlation, their price movements are largely independent.
Performance
LAZ vs. PM - Performance Comparison
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Returns By Period
In the year-to-date period, LAZ achieves a -8.51% return, which is significantly lower than PM's 23.23% return. Over the past 10 years, LAZ has underperformed PM with an annualized return of 8.21%, while PM has yielded a comparatively higher 12.29% annualized return.
LAZ
- 1D
- 0.16%
- 1M
- -0.16%
- 6M
- -17.49%
- YTD
- -8.51%
- 1Y
- -15.69%
- 3Y*
- 11.90%
- 5Y*
- 4.72%
- 10Y*
- 8.21%
- ALL TIME*
- 6.57%
PM
- 1D
- 3.33%
- 1M
- 13.13%
- 6M
- 17.09%
- YTD
- 23.23%
- 1Y
- 21.82%
- 3Y*
- 31.34%
- 5Y*
- 20.06%
- 10Y*
- 12.29%
- ALL TIME*
- 12.83%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
LAZ Lazard Ltd | $75.66M | $81.64M | $91.44M |
| $968.76M | $943.97M | $900.25M |
LAZ vs. PM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LAZ Lazard Ltd | -8.51% | -1.64% | 54.83% | 6.92% | -16.21% | 7.41% | 12.08% | 15.22% | -25.38% | 36.20% |
PM Philip Morris International Inc. | 23.23% | 37.99% | 34.34% | -1.85% | 12.31% | 20.78% | 3.69% | 35.02% | -33.30% | 19.85% |
Correlation
The correlation between LAZ and PM is -0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2008 | 0.26 |
The correlation between LAZ and PM shifts across timeframes, from -0.10 (1 year) to 0.26 (all time), reflecting how their relationship changes across market environments.
Fundamentals
LAZ:
$4.29B
PM:
$302.83B
LAZ:
$2.60
PM:
$6.97
LAZ:
16.78
PM:
27.88
LAZ:
1.42
PM:
7.13
LAZ:
$3.28B
PM:
$42.55B
LAZ:
$1.54B
PM:
$28.72B
LAZ:
$477.61M
PM:
$18.20B
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Return for Risk
LAZ vs. PM — Risk / Return Rank
LAZ
PM
LAZ vs. PM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lazard Ltd (LAZ) and Philip Morris International Inc. (PM). 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.
| LAZ | PM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.18 | ||
| Sortino ratioReturn per unit of downside risk | -1.55 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.15 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | 1.18 | -1.68 |
| Martin ratioReturn relative to average drawdown | -0.99 | 2.60 | -3.59 |
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Drawdowns
LAZ vs. PM - Drawdown Comparison
The maximum LAZ drawdown since its inception was -62.72%, which is greater than PM's maximum drawdown of -42.87%. Use the drawdown chart below to compare losses from any high point for LAZ and PM.
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Drawdown Indicators
| LAZ | PM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.72% | -42.87% | -19.85% |
Max Drawdown (1Y)Largest decline over 1 year | -31.39% | -18.54% | -12.85% |
Max Drawdown (3Y)Largest decline over 3 years | -44.24% | -20.64% | -23.60% |
Max Drawdown (5Y)Largest decline over 5 years | -44.24% | -22.78% | -21.46% |
Max Drawdown (10Y)Largest decline over 10 years | -59.51% | -42.87% | -16.64% |
Current DrawdownCurrent decline from peak | -23.41% | 0.00% | -23.41% |
Average DrawdownAverage peak-to-trough decline | -23.50% | -9.99% | -13.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.88% | 8.42% | +7.46% |
Volatility
LAZ vs. PM - Volatility Comparison
Lazard Ltd (LAZ) has a higher volatility of 13.02% compared to Philip Morris International Inc. (PM) at 9.64%. This indicates that LAZ's price experiences larger fluctuations and is considered to be riskier than PM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LAZ | PM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.02% | 9.64% | +3.38% |
Volatility (6M)Calculated over the trailing 6-month period | 34.41% | 22.19% | +12.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.46% | 29.11% | +11.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.65% | 23.12% | +14.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.96% | 24.62% | +11.34% |
Dividends
LAZ vs. PM - Dividend Comparison
LAZ's dividend yield for the trailing twelve months is around 4.59%, more than PM's 3.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LAZ Lazard Ltd | 4.59% | 4.12% | 3.89% | 5.75% | 5.60% | 4.31% | 4.44% | 5.88% | 8.21% | 5.35% | 6.55% | 5.22% |
PM Philip Morris International Inc. | 3.03% | 3.52% | 4.40% | 5.46% | 4.98% | 5.16% | 5.73% | 5.43% | 6.73% | 3.99% | 4.50% | 4.60% |
Financials
LAZ vs. PM - Financials Comparison
This section allows you to compare key financial metrics between Lazard Ltd and Philip Morris International Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
LAZ vs. PM - Profitability Comparison
LAZ - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Lazard Ltd reported a gross profit of 779.40M and revenue of 779.40M. Therefore, the gross margin over that period was 100.0%.
PM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Philip Morris International Inc. reported a gross profit of 7.66B and revenue of 11.19B. Therefore, the gross margin over that period was 68.4%.
LAZ - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Lazard Ltd reported an operating income of 112.39M and revenue of 779.40M, resulting in an operating margin of 14.4%.
PM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Philip Morris International Inc. reported an operating income of 4.53B and revenue of 11.19B, resulting in an operating margin of 40.5%.
LAZ - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Lazard Ltd reported a net income of 100.92M and revenue of 779.40M, resulting in a net margin of 13.0%.
PM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Philip Morris International Inc. reported a net income of 2.82B and revenue of 11.19B, resulting in a net margin of 25.2%.
Frequently Asked Questions
LAZ and PM have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LAZ has higher volatility (13.02%) compared to PM (9.64%). In terms of maximum drawdown, LAZ dropped -62.72% vs PM's -42.87%.
PM currently has the higher Sharpe Ratio (0.79 vs -0.39), 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.
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