LEAIX vs. FPADX
Compare and contrast key facts about Lazard Emerging Markets Equity Advantage Portfolio (LEAIX) and Fidelity Emerging Markets Index Fund (FPADX).
LEAIX is managed by Lazard. It was launched on May 28, 2015. FPADX is managed by Fidelity. It was launched on Sep 8, 2011.
Performance
LEAIX vs. FPADX - Performance Comparison
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LEAIX vs. FPADX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LEAIX Lazard Emerging Markets Equity Advantage Portfolio | 2.56% | 33.74% | 11.41% | 12.67% | -21.01% | 0.96% | 17.39% | 20.44% | -16.25% | 42.52% |
FPADX Fidelity Emerging Markets Index Fund | 0.22% | 33.90% | 6.80% | 9.51% | -20.06% | -3.07% | 17.84% | 18.28% | -14.65% | 35.16% |
Returns By Period
In the year-to-date period, LEAIX achieves a 2.56% return, which is significantly higher than FPADX's 0.22% return. Over the past 10 years, LEAIX has outperformed FPADX with an annualized return of 9.23%, while FPADX has yielded a comparatively lower 7.51% annualized return.
LEAIX
- 1D
- -0.93%
- 1M
- -12.25%
- YTD
- 2.56%
- 6M
- 7.23%
- 1Y
- 33.14%
- 3Y*
- 17.33%
- 5Y*
- 5.47%
- 10Y*
- 9.23%
FPADX
- 1D
- -0.87%
- 1M
- -12.34%
- YTD
- 0.22%
- 6M
- 4.75%
- 1Y
- 29.14%
- 3Y*
- 14.61%
- 5Y*
- 3.41%
- 10Y*
- 7.51%
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LEAIX vs. FPADX - Expense Ratio Comparison
LEAIX has a 0.91% expense ratio, which is higher than FPADX's 0.08% expense ratio.
Return for Risk
LEAIX vs. FPADX — Risk / Return Rank
LEAIX
FPADX
LEAIX vs. FPADX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lazard Emerging Markets Equity Advantage Portfolio (LEAIX) and Fidelity Emerging Markets Index Fund (FPADX). 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.
| LEAIX | FPADX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.96 | 1.64 | +0.32 |
Sortino ratioReturn per unit of downside risk | 2.56 | 2.18 | +0.38 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.32 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 2.26 | 1.98 | +0.28 |
Martin ratioReturn relative to average drawdown | 9.08 | 8.08 | +1.00 |
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
| LEAIX | FPADX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.96 | 1.64 | +0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 0.21 | +0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.43 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.27 | +0.30 |
Correlation
The correlation between LEAIX and FPADX is 0.96, 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
LEAIX vs. FPADX - Dividend Comparison
LEAIX's dividend yield for the trailing twelve months is around 1.86%, less than FPADX's 2.35% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LEAIX Lazard Emerging Markets Equity Advantage Portfolio | 1.86% | 1.90% | 1.52% | 1.93% | 3.42% | 8.01% | 0.84% | 1.92% | 2.43% | 1.15% | 1.62% | 0.00% |
FPADX Fidelity Emerging Markets Index Fund | 2.35% | 2.35% | 2.70% | 2.68% | 2.47% | 2.14% | 1.50% | 2.59% | 2.20% | 0.12% | 1.69% | 2.47% |
Drawdowns
LEAIX vs. FPADX - Drawdown Comparison
The maximum LEAIX drawdown since its inception was -37.24%, roughly equal to the maximum FPADX drawdown of -39.16%. Use the drawdown chart below to compare losses from any high point for LEAIX and FPADX.
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Drawdown Indicators
| LEAIX | FPADX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.24% | -39.16% | +1.92% |
Max Drawdown (1Y)Largest decline over 1 year | -13.29% | -13.28% | -0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -36.30% | -37.04% | +0.74% |
Max Drawdown (10Y)Largest decline over 10 years | -37.24% | -39.16% | +1.92% |
Current DrawdownCurrent decline from peak | -13.29% | -13.28% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -11.67% | -13.39% | +1.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.31% | 3.26% | +0.05% |
Volatility
LEAIX vs. FPADX - Volatility Comparison
The current volatility for Lazard Emerging Markets Equity Advantage Portfolio (LEAIX) is 6.71%, while Fidelity Emerging Markets Index Fund (FPADX) has a volatility of 8.84%. This indicates that LEAIX experiences smaller price fluctuations and is considered to be less risky than FPADX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LEAIX | FPADX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.71% | 8.84% | -2.13% |
Volatility (6M)Calculated over the trailing 6-month period | 11.58% | 13.29% | -1.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.53% | 17.59% | -1.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.62% | 16.64% | -1.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.29% | 17.60% | -0.31% |