LDMIX vs. LZFIX
LDMIX (Lazard Developing Markets Equity Portfolio) and LZFIX (Lazard Equity Franchise Portfolio) are both mutual funds - LDMIX is a Emerging Markets Equities fund managed by Lazard, while LZFIX is a Large Cap Value Equities fund managed by Lazard. Over the past 5 years, LDMIX returned 6.58%/yr vs 4.69%/yr for LZFIX. Their 0.52 correlation means they have sometimes moved together and sometimes differently. LDMIX charges 1.15%/yr vs 0.99%/yr for LZFIX.
Performance
LDMIX vs. LZFIX - Performance Comparison
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Returns By Period
In the year-to-date period, LDMIX achieves a 20.50% return, which is significantly higher than LZFIX's 5.14% return.
LDMIX
- 1D
- 2.79%
- 1M
- -4.52%
- 6M
- 10.68%
- YTD
- 20.50%
- 1Y
- 43.13%
- 3Y*
- 18.45%
- 5Y*
- 6.58%
- 10Y*
- 8.49%
- ALL TIME*
- 6.36%
LZFIX
- 1D
- -2.07%
- 1M
- 6.92%
- 6M
- 7.07%
- YTD
- 5.14%
- 1Y
- -0.37%
- 3Y*
- 2.77%
- 5Y*
- 4.69%
- 10Y*
- —
- ALL TIME*
- 6.93%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
LDMIX vs. LZFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
LDMIX Lazard Developing Markets Equity Portfolio | 20.50% | 33.67% | 6.73% | 9.68% | -22.61% | -10.14% | 19.33% | 17.10% |
LZFIX Lazard Equity Franchise Portfolio | 5.14% | 4.09% | -3.09% | 18.84% | -5.29% | 22.88% | 1.15% | 9.25% |
Correlation
The correlation between LDMIX and LZFIX is 0.15, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.15 |
Correlation (3Y) Balances recent behavior with more history. | 0.36 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.47 |
Correlation (All Time) Calculated using the full available price history since May 14, 2019 | 0.52 |
Over the past year, the correlation between LDMIX and LZFIX has dropped to 0.15 - well below their long-term average of 0.52, suggesting their price drivers have been diverging.
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Return for Risk
LDMIX vs. LZFIX — Risk / Return Rank
LDMIX
LZFIX
LDMIX vs. LZFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lazard Developing Markets Equity Portfolio (LDMIX) and Lazard Equity Franchise Portfolio (LZFIX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| LDMIX | LZFIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.94 | ||
| Sortino ratioReturn per unit of downside risk | +2.39 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 0.99 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 2.84 | -0.13 | +2.97 |
| Martin ratioReturn relative to average drawdown | 8.94 | -0.22 | +9.16 |
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Drawdowns
LDMIX vs. LZFIX - Drawdown Comparison
The maximum LDMIX drawdown since its inception was -51.12%, which is greater than LZFIX's maximum drawdown of -41.91%. Use the drawdown chart below to compare losses from any high point for LDMIX and LZFIX.
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Drawdown Indicators
| LDMIX | LZFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.12% | -41.91% | -9.21% |
Max Drawdown (1Y)Largest decline over 1 year | -14.14% | -19.87% | +5.73% |
Max Drawdown (3Y)Largest decline over 3 years | -19.55% | -21.51% | +1.96% |
Max Drawdown (5Y)Largest decline over 5 years | -37.77% | -21.69% | -16.08% |
Max Drawdown (10Y)Largest decline over 10 years | -46.20% | — | — |
Current DrawdownCurrent decline from peak | -11.75% | -7.45% | -4.30% |
Average DrawdownAverage peak-to-trough decline | -19.63% | -7.15% | -12.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.49% | 11.65% | -7.16% |
Volatility
LDMIX vs. LZFIX - Volatility Comparison
Lazard Developing Markets Equity Portfolio (LDMIX) has a higher volatility of 9.75% compared to Lazard Equity Franchise Portfolio (LZFIX) at 7.71%. This indicates that LDMIX's price experiences larger fluctuations and is considered to be riskier than LZFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LDMIX | LZFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.75% | 7.71% | +2.04% |
Volatility (6M)Calculated over the trailing 6-month period | 20.41% | 13.18% | +7.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.57% | 16.60% | +5.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.07% | 18.10% | +0.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.65% | 21.12% | -1.47% |
LDMIX vs. LZFIX - Expense Ratio Comparison
LDMIX has a 1.15% expense ratio, which is higher than LZFIX's 0.99% expense ratio.
Dividends
LDMIX vs. LZFIX - Dividend Comparison
LDMIX's dividend yield for the trailing twelve months is around 0.97%, less than LZFIX's 19.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LDMIX Lazard Developing Markets Equity Portfolio | 0.97% | 1.17% | 0.84% | 2.24% | 0.83% | 1.00% | 0.25% | 0.54% | 0.78% | 0.20% | 0.95% | 0.56% |
LZFIX Lazard Equity Franchise Portfolio | 19.85% | 20.87% | 14.95% | 8.68% | 12.81% | 15.59% | 1.12% | 5.78% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LDMIX and LZFIX have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LDMIX has higher volatility (9.75%) compared to LZFIX (7.71%). In terms of maximum drawdown, LDMIX dropped -51.12% vs LZFIX's -41.91%.
LDMIX currently has the higher Sharpe Ratio (1.78 vs -0.16), 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.
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