LAZ vs. SPY
Compare and contrast key facts about Lazard Ltd (LAZ) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LAZ or SPY.
Correlation
The correlation between LAZ and SPY is 0.59, 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.
Performance
LAZ vs. SPY - Performance Comparison
Key characteristics
LAZ:
1.62
SPY:
2.21
LAZ:
2.63
SPY:
2.93
LAZ:
1.30
SPY:
1.41
LAZ:
2.16
SPY:
3.26
LAZ:
9.79
SPY:
14.43
LAZ:
5.75%
SPY:
1.90%
LAZ:
34.80%
SPY:
12.41%
LAZ:
-62.72%
SPY:
-55.19%
LAZ:
-13.97%
SPY:
-2.74%
Returns By Period
In the year-to-date period, LAZ achieves a 56.52% return, which is significantly higher than SPY's 25.54% return. Over the past 10 years, LAZ has underperformed SPY with an annualized return of 5.91%, while SPY has yielded a comparatively higher 12.97% annualized return.
LAZ
56.52%
-5.30%
45.84%
56.20%
11.65%
5.91%
SPY
25.54%
-0.42%
8.90%
25.98%
14.66%
12.97%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
LAZ vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Lazard Ltd (LAZ) and SPDR S&P 500 ETF (SPY). 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.
Dividends
LAZ vs. SPY - Dividend Comparison
LAZ's dividend yield for the trailing twelve months is around 3.84%, more than SPY's 0.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LAZ Lazard Ltd | 3.84% | 5.75% | 5.60% | 4.31% | 4.44% | 4.78% | 8.21% | 5.35% | 6.55% | 5.22% | 2.40% | 2.21% |
SPY SPDR S&P 500 ETF | 0.86% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
LAZ vs. SPY - Drawdown Comparison
The maximum LAZ drawdown since its inception was -62.72%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for LAZ and SPY. For additional features, visit the drawdowns tool.
Volatility
LAZ vs. SPY - Volatility Comparison
Lazard Ltd (LAZ) has a higher volatility of 10.01% compared to SPDR S&P 500 ETF (SPY) at 3.72%. This indicates that LAZ's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.