LDMIX vs. VEA
Compare and contrast key facts about Lazard Developing Markets Equity Portfolio (LDMIX) and Vanguard FTSE Developed Markets ETF (VEA).
LDMIX is managed by Lazard. It was launched on Sep 29, 2008. VEA is a passively managed fund by Vanguard that tracks the performance of the MSCI EAFE Index. It was launched on Jul 20, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LDMIX or VEA.
Key characteristics
| LDMIX | VEA | |
|---|---|---|
| YTD Return | 6.39% | 9.32% |
| 1Y Return | 11.50% | 17.24% |
| 3Y Return (Ann) | -4.51% | 2.83% |
| 5Y Return (Ann) | 1.54% | 7.59% |
| 10Y Return (Ann) | 2.23% | 5.37% |
| Sharpe Ratio | 0.76 | 1.31 |
| Daily Std Dev | 14.56% | 13.21% |
| Max Drawdown | -52.00% | -60.70% |
| Current Drawdown | -27.71% | -1.55% |
Correlation
The correlation between LDMIX and VEA is 0.76, 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.
Performance
LDMIX vs. VEA - Performance Comparison
In the year-to-date period, LDMIX achieves a 6.39% return, which is significantly lower than VEA's 9.32% return. Over the past 10 years, LDMIX has underperformed VEA with an annualized return of 2.23%, while VEA has yielded a comparatively higher 5.37% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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LDMIX vs. VEA - Expense Ratio Comparison
LDMIX has a 1.15% expense ratio, which is higher than VEA's 0.05% expense ratio.
Risk-Adjusted Performance
LDMIX vs. VEA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Lazard Developing Markets Equity Portfolio (LDMIX) and Vanguard FTSE Developed Markets ETF (VEA). 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.
Dividends
LDMIX vs. VEA - Dividend Comparison
LDMIX's dividend yield for the trailing twelve months is around 2.11%, less than VEA's 2.63% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LDMIX Lazard Developing Markets Equity Portfolio | 2.11% | 2.24% | 0.83% | 1.00% | 0.25% | 0.55% | 0.78% | 0.20% | 0.94% | 0.55% | 1.58% | 0.87% |
VEA Vanguard FTSE Developed Markets ETF | 2.63% | 3.15% | 2.91% | 3.16% | 2.04% | 3.04% | 3.35% | 2.77% | 3.05% | 2.92% | 3.68% | 2.60% |
Drawdowns
LDMIX vs. VEA - Drawdown Comparison
The maximum LDMIX drawdown since its inception was -52.00%, smaller than the maximum VEA drawdown of -60.70%. Use the drawdown chart below to compare losses from any high point for LDMIX and VEA. For additional features, visit the drawdowns tool.
Volatility
LDMIX vs. VEA - Volatility Comparison
Lazard Developing Markets Equity Portfolio (LDMIX) and Vanguard FTSE Developed Markets ETF (VEA) have volatilities of 4.16% and 4.09%, 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.