LGI vs. UMNIX

Last updated Jun 23, 2026

LGI (Lazard Global Total Return and Income Fund) and UMNIX (Lazard US Short Duration Fixed Income Portfolio) are both mutual funds - LGI is a Global Allocation fund managed by Lazard, while UMNIX is a Ultrashort Bond fund managed by Lazard. At a correlation of -0.01, they often move in opposite directions. LGI charges 0.02%/yr vs 0.40%/yr for UMNIX.

Performance

LGI vs. UMNIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lazard Global Total Return and Income Fund (LGI) and Lazard US Short Duration Fixed Income Portfolio (UMNIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

LGI

• 1D: -0.11%
• 1M: 1.42%
• YTD: 9.26%
• 6M: 7.96%
• 1Y: 24.58%
• 3Y*: 16.18%
• 5Y*: 7.12%
• 10Y*: 13.71%

UMNIX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

LGI vs. UMNIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LGI Lazard Global Total Return and Income Fund	9.26%	21.36%	14.00%	12.89%	-20.57%	25.28%	17.04%	30.25%	-10.51%	39.37%
UMNIX Lazard US Short Duration Fixed Income Portfolio	0.22%	5.02%	3.88%	3.53%	-2.72%	-0.44%	2.47%	3.26%	1.09%	0.82%

Correlation

The correlation between LGI and UMNIX is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.11
Correlation (5Y) Calculated over the trailing 5-year period	0.11
Correlation (10Y) Calculated over the trailing 10-year period	0.05
Correlation (All Time) Calculated using the full available price history since Feb 28, 2011	-0.01

The correlation between LGI and UMNIX shifts across timeframes, from -0.01 (all time) to 0.14 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

LGI vs. UMNIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LGI

LGI Risk / Return Rank: 25
LGI Sharpe Ratio Rank: 32
LGI Sortino Ratio Rank: 27
LGI Omega Ratio Rank: 36
LGI Calmar Ratio Rank: 13
LGI Martin Ratio Rank: 16

UMNIX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LGI vs. UMNIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lazard Global Total Return and Income Fund (LGI) and Lazard US Short Duration Fixed Income Portfolio (UMNIX). 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.

	LGI	UMNIX	Difference
Sharpe ratio: Return per unit of total volatility	1.51	—	—
Sortino ratio: Return per unit of downside risk	2.03	—	—
Omega ratio: Gain probability vs. loss probability	1.29	—	—
Calmar ratio: Return relative to maximum drawdown	1.16	—	—
Martin ratio: Return relative to average drawdown	4.15	—	—

Drawdowns

Drawdown Indicators

	LGI	UMNIX	Difference
Max Drawdown Largest peak-to-trough decline	-63.34%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-21.25%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-21.95%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-32.84%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-42.94%	—	—
Current Drawdown Current decline from peak	-5.59%	—	—
Average Drawdown Average peak-to-trough decline	-10.94%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	5.94%	—	—

Volatility

Volatility by Period

	LGI	UMNIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.89%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.42%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.36%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.33%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.10%	—	—

LGI vs. UMNIX - Expense Ratio Comparison

LGI has a 0.02% expense ratio, which is lower than UMNIX's 0.40% expense ratio.

Dividends

LGI vs. UMNIX - Dividend Comparison

LGI's dividend yield for the trailing twelve months is around 9.95%, more than UMNIX's 2.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LGI Lazard Global Total Return and Income Fund	9.95%	10.08%	9.19%	7.32%	10.22%	9.77%	7.17%	6.44%	19.88%	5.46%	6.94%	8.52%
UMNIX Lazard US Short Duration Fixed Income Portfolio	2.96%	3.94%	3.48%	2.70%	1.30%	0.16%	1.22%	2.48%	2.00%	1.53%	1.30%	1.06%

Frequently Asked Questions

Can I hold both LGI and UMNIX in my portfolio?

LGI and UMNIX have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.