LCAIX vs. UMNIX
Compare and contrast key facts about Lazard Opportunistic Strategies Portfolio (LCAIX) and Lazard US Short Duration Fixed Income Portfolio (UMNIX).
LCAIX is managed by Lazard. It was launched on Mar 25, 2008. UMNIX is managed by Lazard. It was launched on Feb 28, 2011.
Performance
LCAIX vs. UMNIX - Performance Comparison
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LCAIX vs. UMNIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LCAIX Lazard Opportunistic Strategies Portfolio | -1.48% | 14.10% | 11.73% | 10.32% | -14.93% | 12.99% | 9.47% | 15.16% | -12.77% | 17.76% |
UMNIX Lazard US Short Duration Fixed Income Portfolio | 0.15% | 5.02% | 3.88% | 3.53% | -2.72% | -0.44% | 2.47% | 3.26% | 1.09% | 0.82% |
Returns By Period
In the year-to-date period, LCAIX achieves a -1.48% return, which is significantly lower than UMNIX's 0.15% return. Over the past 10 years, LCAIX has outperformed UMNIX with an annualized return of 6.30%, while UMNIX has yielded a comparatively lower 1.74% annualized return.
LCAIX
- 1D
- 2.04%
- 1M
- -4.03%
- YTD
- -1.48%
- 6M
- -0.03%
- 1Y
- 12.63%
- 3Y*
- 10.63%
- 5Y*
- 4.98%
- 10Y*
- 6.30%
UMNIX
- 1D
- 0.10%
- 1M
- -0.52%
- YTD
- 0.15%
- 6M
- 1.03%
- 1Y
- 3.21%
- 3Y*
- 3.76%
- 5Y*
- 1.84%
- 10Y*
- 1.74%
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LCAIX vs. UMNIX - Expense Ratio Comparison
LCAIX has a 1.02% expense ratio, which is higher than UMNIX's 0.40% expense ratio.
Return for Risk
LCAIX vs. UMNIX — Risk / Return Rank
LCAIX
UMNIX
LCAIX vs. UMNIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lazard Opportunistic Strategies Portfolio (LCAIX) and Lazard US Short Duration Fixed Income Portfolio (UMNIX). 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 | UMNIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.00 | 1.71 | -0.70 |
Sortino ratioReturn per unit of downside risk | 1.47 | 2.91 | -1.44 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.39 | -0.17 |
Calmar ratioReturn relative to maximum drawdown | 1.36 | 3.42 | -2.06 |
Martin ratioReturn relative to average drawdown | 6.13 | 10.72 | -4.59 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LCAIX | UMNIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 1.71 | -0.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 0.95 | -0.55 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 1.14 | -0.61 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 1.02 | -0.68 |
Correlation
The correlation between LCAIX and UMNIX is -0.00. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
LCAIX vs. UMNIX - Dividend Comparison
LCAIX's dividend yield for the trailing twelve months is around 14.79%, more than UMNIX's 3.27% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LCAIX Lazard Opportunistic Strategies Portfolio | 14.79% | 14.58% | 10.24% | 3.04% | 3.64% | 4.32% | 2.11% | 1.97% | 6.02% | 7.72% | 1.67% | 2.94% |
UMNIX Lazard US Short Duration Fixed Income Portfolio | 3.27% | 3.94% | 3.48% | 2.70% | 1.30% | 0.16% | 1.22% | 2.48% | 2.00% | 1.53% | 1.30% | 1.06% |
Drawdowns
LCAIX vs. UMNIX - Drawdown Comparison
The maximum LCAIX drawdown since its inception was -40.62%, which is greater than UMNIX's maximum drawdown of -4.13%. Use the drawdown chart below to compare losses from any high point for LCAIX and UMNIX.
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Drawdown Indicators
| LCAIX | UMNIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.62% | -4.13% | -36.49% |
Max Drawdown (1Y)Largest decline over 1 year | -9.69% | -1.04% | -8.65% |
Max Drawdown (5Y)Largest decline over 5 years | -19.17% | -4.06% | -15.11% |
Max Drawdown (10Y)Largest decline over 10 years | -22.99% | -4.13% | -18.86% |
Current DrawdownCurrent decline from peak | -5.13% | -0.72% | -4.41% |
Average DrawdownAverage peak-to-trough decline | -6.94% | -0.85% | -6.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.15% | 0.33% | +1.82% |
Volatility
LCAIX vs. UMNIX - Volatility Comparison
Lazard Opportunistic Strategies Portfolio (LCAIX) has a higher volatility of 4.58% compared to Lazard US Short Duration Fixed Income Portfolio (UMNIX) at 0.50%. This indicates that LCAIX's price experiences larger fluctuations and is considered to be riskier than UMNIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LCAIX | UMNIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.58% | 0.50% | +4.08% |
Volatility (6M)Calculated over the trailing 6-month period | 7.77% | 1.22% | +6.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.19% | 1.91% | +11.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.38% | 1.94% | +10.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.85% | 1.53% | +10.32% |