LCAIX vs. TEBRX

Last updated Jun 4, 2026

LCAIX (Lazard Opportunistic Strategies Portfolio) and TEBRX (Teberg Fund) are both Tactical Allocation funds. Over the past 10 years, LCAIX returned 7.07%/yr vs 15.20%/yr for TEBRX. Their correlation of 0.82 suggests significant overlap in exposure. LCAIX charges 1.02%/yr vs 1.75%/yr for TEBRX.

Performance

LCAIX vs. TEBRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lazard Opportunistic Strategies Portfolio (LCAIX) and Teberg Fund (TEBRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LCAIX achieves a 8.28% return, which is significantly lower than TEBRX's 29.59% return. Over the past 10 years, LCAIX has underperformed TEBRX with an annualized return of 7.07%, while TEBRX has yielded a comparatively higher 15.20% annualized return.

LCAIX

• 1D: 0.09%
• 1M: 4.08%
• YTD: 8.28%
• 6M: 8.63%
• 1Y: 19.57%
• 3Y*: 14.05%
• 5Y*: 6.32%
• 10Y*: 7.07%

TEBRX

• 1D: 0.11%
• 1M: 11.04%
• YTD: 29.59%
• 6M: 28.81%
• 1Y: 51.91%
• 3Y*: 28.45%
• 5Y*: 16.28%
• 10Y*: 15.20%

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

LCAIX vs. TEBRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LCAIX Lazard Opportunistic Strategies Portfolio	8.28%	14.10%	11.73%	10.32%	-14.93%	12.99%	9.47%	15.16%	-12.77%	17.76%
TEBRX Teberg Fund	29.59%	18.67%	20.76%	34.92%	-22.47%	25.02%	20.61%	26.55%	-6.70%	15.25%

Correlation

The correlation between LCAIX and TEBRX is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (10Y) Calculated over the trailing 10-year period	0.88
Correlation (All Time) Calculated using the full available price history since Mar 28, 2008	0.82

The correlation between LCAIX and TEBRX has been stable across timeframes, ranging from 0.82 to 0.89 - a consistent structural relationship.

Return for Risk

LCAIX vs. TEBRX — Risk / Return Rank

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

LCAIX

LCAIX Risk / Return Rank: 50
LCAIX Sharpe Ratio Rank: 49
LCAIX Sortino Ratio Rank: 46
LCAIX Omega Ratio Rank: 47
LCAIX Calmar Ratio Rank: 53
LCAIX Martin Ratio Rank: 56

TEBRX

TEBRX Risk / Return Rank: 92
TEBRX Sharpe Ratio Rank: 95
TEBRX Sortino Ratio Rank: 89
TEBRX Omega Ratio Rank: 85
TEBRX Calmar Ratio Rank: 94
TEBRX Martin Ratio Rank: 96

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. TEBRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lazard Opportunistic Strategies Portfolio (LCAIX) and Teberg Fund (TEBRX). 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	TEBRX	Difference
Sharpe ratio: Return per unit of total volatility	2.06	3.30	-1.24
Sortino ratio: Return per unit of downside risk	2.86	4.30	-1.44
Omega ratio: Gain probability vs. loss probability	1.37	1.58	-0.20
Calmar ratio: Return relative to maximum drawdown	2.79	5.27	-2.48
Martin ratio: Return relative to average drawdown	11.35	23.39	-12.04
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. TEBRX - Sharpe Ratio Comparison

The current LCAIX Sharpe Ratio is 2.06, which is lower than the TEBRX Sharpe Ratio of 3.30. The chart below compares the historical Sharpe Ratios of LCAIX and TEBRX, 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	TEBRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.06	3.30	-1.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	0.82	-0.31
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	0.81	-0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.59	-0.21

Drawdowns

LCAIX vs. TEBRX - Drawdown Comparison

The maximum LCAIX drawdown since its inception was -40.62%, roughly equal to the maximum TEBRX drawdown of -39.10%. Use the drawdown chart below to compare losses from any high point for LCAIX and TEBRX.

Drawdown Indicators

	LCAIX	TEBRX	Difference
Max Drawdown Largest peak-to-trough decline	-40.62%	-39.10%	-1.52%
Max Drawdown (1Y) Largest decline over 1 year	-7.12%	-9.95%	+2.83%
Max Drawdown (3Y) Largest decline over 3 years	-15.48%	-18.50%	+3.02%
Max Drawdown (5Y) Largest decline over 5 years	-19.17%	-30.35%	+11.18%
Max Drawdown (10Y) Largest decline over 10 years	-22.99%	-32.22%	+9.23%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-6.89%	-5.75%	-1.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.75%	2.24%	-0.49%

Volatility

LCAIX vs. TEBRX - Volatility Comparison

The current volatility for Lazard Opportunistic Strategies Portfolio (LCAIX) is 2.95%, while Teberg Fund (TEBRX) has a volatility of 5.92%. This indicates that LCAIX experiences smaller price fluctuations and is considered to be less risky than TEBRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LCAIX	TEBRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.95%	5.92%	-2.97%
Volatility (6M) Calculated over the trailing 6-month period	7.59%	12.70%	-5.11%
Volatility (1Y) Calculated over the trailing 1-year period	9.66%	15.90%	-6.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.40%	19.99%	-7.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.89%	18.76%	-6.87%

LCAIX vs. TEBRX - Expense Ratio Comparison

LCAIX has a 1.02% expense ratio, which is lower than TEBRX's 1.75% expense ratio.

Dividends

LCAIX vs. TEBRX - Dividend Comparison

LCAIX's dividend yield for the trailing twelve months is around 13.46%, more than TEBRX's 0.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LCAIX Lazard Opportunistic Strategies Portfolio	13.46%	14.58%	10.24%	3.04%	3.64%	4.32%	2.11%	1.97%	6.02%	7.72%	1.67%	2.94%
TEBRX Teberg Fund	0.09%	0.12%	1.66%	0.00%	0.00%	0.00%	0.47%	0.60%	0.77%	0.92%	0.00%	10.62%

Frequently Asked Questions

Can I hold both LCAIX and TEBRX in my portfolio?

LCAIX and TEBRX have a correlation of 0.86, 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 TEBRX?

TEBRX has higher volatility (5.92%) compared to LCAIX (2.95%). In terms of maximum drawdown, LCAIX dropped -40.62% vs TEBRX's -39.10%.

Which has better risk-adjusted returns?

TEBRX currently has the higher Sharpe Ratio (3.30 vs 2.06), 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.