LEAIX vs. SSKEX
Compare and contrast key facts about Lazard Emerging Markets Equity Advantage Portfolio (LEAIX) and State Street Emerging Markets Equity Index Fund (SSKEX).
LEAIX is managed by Lazard. It was launched on May 28, 2015. SSKEX is managed by State Street. It was launched on Dec 17, 2015.
Performance
LEAIX vs. SSKEX - Performance Comparison
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LEAIX vs. SSKEX - 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% |
SSKEX State Street Emerging Markets Equity Index Fund | 1.08% | 33.79% | 7.00% | 9.50% | -20.23% | -2.80% | 18.20% | 18.16% | -14.78% | 37.18% |
Returns By Period
In the year-to-date period, LEAIX achieves a 2.56% return, which is significantly higher than SSKEX's 1.08% return. Over the past 10 years, LEAIX has outperformed SSKEX with an annualized return of 9.23%, while SSKEX has yielded a comparatively lower 7.79% 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%
SSKEX
- 1D
- -0.06%
- 1M
- -11.97%
- YTD
- 1.08%
- 6M
- 5.80%
- 1Y
- 30.40%
- 3Y*
- 15.02%
- 5Y*
- 3.75%
- 10Y*
- 7.79%
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LEAIX vs. SSKEX - Expense Ratio Comparison
LEAIX has a 0.91% expense ratio, which is higher than SSKEX's 0.17% expense ratio.
Return for Risk
LEAIX vs. SSKEX — Risk / Return Rank
LEAIX
SSKEX
LEAIX vs. SSKEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lazard Emerging Markets Equity Advantage Portfolio (LEAIX) and State Street Emerging Markets Equity Index Fund (SSKEX). 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 | SSKEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.96 | 1.84 | +0.12 |
Sortino ratioReturn per unit of downside risk | 2.56 | 2.37 | +0.19 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.35 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 2.26 | 2.22 | +0.04 |
Martin ratioReturn relative to average drawdown | 9.08 | 8.63 | +0.46 |
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 | SSKEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.96 | 1.84 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 0.23 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.46 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.49 | +0.08 |
Correlation
The correlation between LEAIX and SSKEX is 0.93, 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. SSKEX - Dividend Comparison
LEAIX's dividend yield for the trailing twelve months is around 1.86%, less than SSKEX's 2.82% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SSKEX State Street Emerging Markets Equity Index Fund | 2.82% | 2.85% | 2.90% | 3.26% | 3.90% | 1.95% | 1.84% | 2.84% | 3.01% | 2.55% | 2.29% |
Drawdowns
LEAIX vs. SSKEX - Drawdown Comparison
The maximum LEAIX drawdown since its inception was -37.24%, smaller than the maximum SSKEX drawdown of -39.23%. Use the drawdown chart below to compare losses from any high point for LEAIX and SSKEX.
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Drawdown Indicators
| LEAIX | SSKEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.24% | -39.23% | +1.99% |
Max Drawdown (1Y)Largest decline over 1 year | -13.29% | -12.44% | -0.85% |
Max Drawdown (5Y)Largest decline over 5 years | -36.30% | -37.16% | +0.86% |
Max Drawdown (10Y)Largest decline over 10 years | -37.24% | -39.23% | +1.99% |
Current DrawdownCurrent decline from peak | -13.29% | -12.44% | -0.85% |
Average DrawdownAverage peak-to-trough decline | -11.67% | -13.46% | +1.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.31% | 3.21% | +0.10% |
Volatility
LEAIX vs. SSKEX - Volatility Comparison
The current volatility for Lazard Emerging Markets Equity Advantage Portfolio (LEAIX) is 6.71%, while State Street Emerging Markets Equity Index Fund (SSKEX) has a volatility of 7.57%. This indicates that LEAIX experiences smaller price fluctuations and is considered to be less risky than SSKEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LEAIX | SSKEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.71% | 7.57% | -0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 11.58% | 12.01% | -0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.53% | 16.37% | +0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.62% | 16.10% | -0.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.29% | 17.09% | +0.20% |