LEAIX vs. LZFIX
LEAIX (Lazard Emerging Markets Equity Advantage Portfolio) and LZFIX (Lazard Equity Franchise Portfolio) are both mutual funds - LEAIX 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, LEAIX returned 9.17%/yr vs 4.56%/yr for LZFIX. Their 0.49 correlation means their historical movements had little consistent relationship. LEAIX charges 0.91%/yr vs 0.99%/yr for LZFIX.
Performance
LEAIX vs. LZFIX - Performance Comparison
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Returns By Period
In the year-to-date period, LEAIX achieves a 20.51% return, which is significantly higher than LZFIX's 4.44% return.
LEAIX
- 1D
- 2.28%
- 1M
- -2.03%
- 6M
- 10.81%
- YTD
- 20.51%
- 1Y
- 39.34%
- 3Y*
- 21.46%
- 5Y*
- 9.17%
- 10Y*
- 10.34%
- ALL TIME*
- 11.20%
LZFIX
- 1D
- -0.66%
- 1M
- 6.21%
- 6M
- 6.97%
- YTD
- 4.44%
- 1Y
- -1.03%
- 3Y*
- 2.84%
- 5Y*
- 4.56%
- 10Y*
- —
- ALL TIME*
- 6.82%
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 |
LEAIX vs. LZFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
LEAIX Lazard Emerging Markets Equity Advantage Portfolio | 20.51% | 33.74% | 11.41% | 12.67% | -21.01% | 0.96% | 17.39% | 13.54% |
LZFIX Lazard Equity Franchise Portfolio | 4.44% | 4.09% | -3.09% | 18.84% | -5.29% | 22.88% | 1.15% | 9.25% |
Correlation
The correlation between LEAIX and LZFIX is 0.08, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.08 |
Correlation (3Y) Balances recent behavior with more history. | 0.31 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.44 |
Correlation (All Time) Calculated using the full available price history since May 14, 2019 | 0.49 |
Over the past year, the correlation between LEAIX and LZFIX has dropped to 0.08 - well below their long-term average of 0.49, suggesting their price drivers have been diverging.
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Return for Risk
LEAIX vs. LZFIX — Risk / Return Rank
LEAIX
LZFIX
LEAIX vs. LZFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lazard Emerging Markets Equity Advantage Portfolio (LEAIX) 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.
| LEAIX | LZFIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.89 | ||
| Sortino ratioReturn per unit of downside risk | +2.39 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.00 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 2.62 | -0.05 | +2.66 |
| Martin ratioReturn relative to average drawdown | 8.43 | -0.08 | +8.50 |
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Drawdowns
LEAIX vs. LZFIX - Drawdown Comparison
The maximum LEAIX drawdown since its inception was -37.24%, smaller than the maximum LZFIX drawdown of -41.91%. Use the drawdown chart below to compare losses from any high point for LEAIX and LZFIX.
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Drawdown Indicators
| LEAIX | LZFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.24% | -41.91% | +4.67% |
Max Drawdown (1Y)Largest decline over 1 year | -14.30% | -19.87% | +5.57% |
Max Drawdown (3Y)Largest decline over 3 years | -16.21% | -21.51% | +5.30% |
Max Drawdown (5Y)Largest decline over 5 years | -33.37% | -21.69% | -11.68% |
Max Drawdown (10Y)Largest decline over 10 years | -37.24% | — | — |
Current DrawdownCurrent decline from peak | -9.20% | -8.06% | -1.14% |
Average DrawdownAverage peak-to-trough decline | -11.44% | -7.15% | -4.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.43% | 11.65% | -7.22% |
Volatility
LEAIX vs. LZFIX - Volatility Comparison
Lazard Emerging Markets Equity Advantage Portfolio (LEAIX) has a higher volatility of 9.19% compared to Lazard Equity Franchise Portfolio (LZFIX) at 7.38%. This indicates that LEAIX'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
| LEAIX | LZFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.19% | 7.38% | +1.81% |
Volatility (6M)Calculated over the trailing 6-month period | 18.45% | 13.19% | +5.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.40% | 16.52% | +3.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.87% | 18.09% | -1.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.78% | 21.12% | -3.34% |
LEAIX vs. LZFIX - Expense Ratio Comparison
LEAIX has a 0.91% expense ratio, which is lower than LZFIX's 0.99% expense ratio.
Dividends
LEAIX vs. LZFIX - Dividend Comparison
LEAIX's dividend yield for the trailing twelve months is around 1.58%, less than LZFIX's 19.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
LEAIX Lazard Emerging Markets Equity Advantage Portfolio | 1.58% | 1.90% | 1.52% | 1.93% | 3.42% | 8.01% | 0.84% | 1.92% | 2.43% | 1.15% | 1.62% |
LZFIX Lazard Equity Franchise Portfolio | 19.99% | 20.87% | 14.95% | 8.68% | 12.81% | 15.59% | 1.12% | 5.78% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LEAIX and LZFIX have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LEAIX has higher volatility (9.19%) compared to LZFIX (7.38%). In terms of maximum drawdown, LEAIX dropped -37.24% vs LZFIX's -41.91%.
LEAIX currently has the higher Sharpe Ratio (1.84 vs -0.06), 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.
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