LCAIX vs. ABRZX

Last updated Jun 3, 2026

LCAIX (Lazard Opportunistic Strategies Portfolio) and ABRZX (Invesco Balanced-Risk Allocation Fund Class A) are both Tactical Allocation funds. Over the past 10 years, LCAIX returned 7.06%/yr vs 4.83%/yr for ABRZX. A 0.58 correlation means they provide meaningful diversification when combined. LCAIX charges 1.02%/yr vs 1.41%/yr for ABRZX.

Performance

LCAIX vs. ABRZX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lazard Opportunistic Strategies Portfolio (LCAIX) and Invesco Balanced-Risk Allocation Fund Class A (ABRZX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LCAIX achieves a 8.19% return, which is significantly lower than ABRZX's 20.22% return. Over the past 10 years, LCAIX has outperformed ABRZX with an annualized return of 7.06%, while ABRZX has yielded a comparatively lower 4.83% annualized return.

LCAIX

• 1D: 0.18%
• 1M: 3.69%
• YTD: 8.19%
• 6M: 9.01%
• 1Y: 19.69%
• 3Y*: 14.02%
• 5Y*: 6.24%
• 10Y*: 7.06%

ABRZX

• 1D: 0.20%
• 1M: 1.34%
• YTD: 20.22%
• 6M: 20.35%
• 1Y: 29.57%
• 3Y*: 11.95%
• 5Y*: 4.33%
• 10Y*: 4.83%

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

LCAIX vs. ABRZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LCAIX Lazard Opportunistic Strategies Portfolio	8.19%	14.10%	11.73%	10.32%	-14.93%	12.99%	9.47%	15.16%	-12.77%	17.76%
ABRZX Invesco Balanced-Risk Allocation Fund Class A	20.22%	8.20%	3.14%	5.97%	-14.96%	9.36%	9.20%	9.43%	-7.01%	9.80%

Correlation

The correlation between LCAIX and ABRZX is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (10Y) Calculated over the trailing 10-year period	0.60
Correlation (All Time) Calculated using the full available price history since Jun 4, 2009	0.58

The correlation between LCAIX and ABRZX has been stable across timeframes, ranging from 0.58 to 0.61 - a consistent structural relationship.

Return for Risk

LCAIX vs. ABRZX — Risk / Return Rank

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

LCAIX

LCAIX Risk / Return Rank: 52
LCAIX Sharpe Ratio Rank: 51
LCAIX Sortino Ratio Rank: 48
LCAIX Omega Ratio Rank: 49
LCAIX Calmar Ratio Rank: 55
LCAIX Martin Ratio Rank: 58

ABRZX

ABRZX Risk / Return Rank: 95
ABRZX Sharpe Ratio Rank: 96
ABRZX Sortino Ratio Rank: 91
ABRZX Omega Ratio Rank: 92
ABRZX Calmar Ratio Rank: 97
ABRZX Martin Ratio Rank: 97

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.

LCAIX vs. ABRZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lazard Opportunistic Strategies Portfolio (LCAIX) and Invesco Balanced-Risk Allocation Fund Class A (ABRZX). 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.

	LCAIX	ABRZX	Difference
Sharpe ratio Return per unit of total volatility	2.10	3.41	-1.32
Sortino ratio Return per unit of downside risk	2.91	4.49	-1.58
Omega ratio Gain probability vs. loss probability	1.38	1.69	-0.31
Calmar ratio Return relative to maximum drawdown	2.84	7.42	-4.58
Martin ratio Return relative to average drawdown	11.59	26.97	-15.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LCAIX vs. ABRZX - Sharpe Ratio Comparison

The current LCAIX Sharpe Ratio is 2.10, which is lower than the ABRZX Sharpe Ratio of 3.41. The chart below compares the historical Sharpe Ratios of LCAIX and ABRZX, 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

	LCAIX	ABRZX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.10	3.41	-1.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	0.36	+0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	0.44	+0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.62	-0.25

Drawdowns

LCAIX vs. ABRZX - Drawdown Comparison

The maximum LCAIX drawdown since its inception was -40.62%, which is greater than ABRZX's maximum drawdown of -26.62%. Use the drawdown chart below to compare losses from any high point for LCAIX and ABRZX.

Drawdown Indicators

	LCAIX	ABRZX	Difference
Max Drawdown Largest peak-to-trough decline	-40.62%	-26.62%	-14.00%
Max Drawdown (1Y) Largest decline over 1 year	-7.12%	-4.07%	-3.05%
Max Drawdown (3Y) Largest decline over 3 years	-15.48%	-18.28%	+2.80%
Max Drawdown (5Y) Largest decline over 5 years	-19.17%	-19.33%	+0.16%
Max Drawdown (10Y) Largest decline over 10 years	-22.99%	-26.62%	+3.63%
Current Drawdown Current decline from peak	0.00%	-0.10%	+0.10%
Average Drawdown Average peak-to-trough decline	-6.89%	-4.75%	-2.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.75%	1.12%	+0.63%

Volatility

LCAIX vs. ABRZX - Volatility Comparison

Lazard Opportunistic Strategies Portfolio (LCAIX) and Invesco Balanced-Risk Allocation Fund Class A (ABRZX) have volatilities of 2.95% and 2.90%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LCAIX	ABRZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.95%	2.90%	+0.05%
Volatility (6M) Calculated over the trailing 6-month period	7.60%	7.89%	-0.29%
Volatility (1Y) Calculated over the trailing 1-year period	9.68%	8.86%	+0.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.40%	12.21%	+0.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.89%	10.90%	+0.99%

LCAIX vs. ABRZX - Expense Ratio Comparison

LCAIX has a 1.02% expense ratio, which is lower than ABRZX's 1.41% expense ratio.

Dividends

LCAIX vs. ABRZX - Dividend Comparison

LCAIX's dividend yield for the trailing twelve months is around 13.47%, more than ABRZX's 2.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ABRZX Invesco Balanced-Risk Allocation Fund Class A	2.81%	3.38%	13.28%	2.21%	0.00%	26.02%	1.18%	6.49%	0.00%	6.43%	4.41%	6.91%
LCAIX Lazard Opportunistic Strategies Portfolio	13.47%	14.58%	10.24%	3.04%	3.64%	4.32%	2.11%	1.97%	6.02%	7.72%	1.67%	2.94%

Frequently Asked Questions

Can I hold both LCAIX and ABRZX in my portfolio?

LCAIX and ABRZX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LCAIX or ABRZX?

LCAIX has higher volatility (2.95%) compared to ABRZX (2.90%). In terms of maximum drawdown, LCAIX dropped -40.62% vs ABRZX's -26.62%.

Which has better risk-adjusted returns?

ABRZX currently has the higher Sharpe Ratio (3.41 vs 2.10), 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.