LCAIX vs. SPY
Compare and contrast key facts about Lazard Opportunistic Strategies Portfolio (LCAIX) and State Street SPDR S&P 500 ETF (SPY).
LCAIX is managed by Lazard. It was launched on Mar 25, 2008. 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.
Performance
LCAIX vs. SPY - Performance Comparison
Loading graphics...
LCAIX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LCAIX Lazard Opportunistic Strategies Portfolio | -3.45% | 14.10% | 11.73% | 10.32% | -14.93% | 12.99% | 9.47% | 15.16% | -12.77% | 17.76% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, LCAIX achieves a -3.45% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, LCAIX has underperformed SPY with an annualized return of 6.09%, while SPY has yielded a comparatively higher 13.98% annualized return.
LCAIX
- 1D
- 0.10%
- 1M
- -6.49%
- YTD
- -3.45%
- 6M
- -1.77%
- 1Y
- 10.92%
- 3Y*
- 9.89%
- 5Y*
- 4.69%
- 10Y*
- 6.09%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
LCAIX vs. SPY - Expense Ratio Comparison
LCAIX has a 1.02% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
LCAIX vs. SPY — Risk / Return Rank
LCAIX
SPY
LCAIX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lazard Opportunistic Strategies Portfolio (LCAIX) and State Street 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.
| LCAIX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.84 | 0.93 | -0.09 |
Sortino ratioReturn per unit of downside risk | 1.24 | 1.45 | -0.21 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.22 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 0.94 | 1.53 | -0.59 |
Martin ratioReturn relative to average drawdown | 4.28 | 7.30 | -3.02 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| LCAIX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 0.93 | -0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 0.69 | -0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.78 | -0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.56 | -0.23 |
Correlation
The correlation between LCAIX and SPY is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
LCAIX vs. SPY - Dividend Comparison
LCAIX's dividend yield for the trailing twelve months is around 15.10%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LCAIX Lazard Opportunistic Strategies Portfolio | 15.10% | 14.58% | 10.24% | 3.04% | 3.64% | 4.32% | 2.11% | 1.97% | 6.02% | 7.72% | 1.67% | 2.94% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
LCAIX vs. SPY - Drawdown Comparison
The maximum LCAIX drawdown since its inception was -40.62%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for LCAIX and SPY.
Loading graphics...
Drawdown Indicators
| LCAIX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.62% | -55.19% | +14.57% |
Max Drawdown (1Y)Largest decline over 1 year | -9.69% | -12.05% | +2.36% |
Max Drawdown (5Y)Largest decline over 5 years | -19.17% | -24.50% | +5.33% |
Max Drawdown (10Y)Largest decline over 10 years | -22.99% | -33.72% | +10.73% |
Current DrawdownCurrent decline from peak | -7.03% | -6.24% | -0.79% |
Average DrawdownAverage peak-to-trough decline | -6.94% | -9.09% | +2.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.13% | 2.52% | -0.39% |
Volatility
LCAIX vs. SPY - Volatility Comparison
The current volatility for Lazard Opportunistic Strategies Portfolio (LCAIX) is 3.95%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. This indicates that LCAIX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| LCAIX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.95% | 5.31% | -1.36% |
Volatility (6M)Calculated over the trailing 6-month period | 7.52% | 9.47% | -1.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.07% | 19.05% | -5.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.34% | 17.06% | -4.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.84% | 17.92% | -6.08% |