LISIX vs. EPDIX

Last updated Jun 4, 2026

LISIX (Lazard International Strategic Equity Portfolio R6) and EPDIX (EuroPac International Dividend Income Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, LISIX returned 7.47%/yr vs 10.45%/yr for EPDIX. A 0.73 correlation means they provide meaningful diversification when combined. LISIX charges 0.80%/yr vs 1.25%/yr for EPDIX.

Performance

LISIX vs. EPDIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lazard International Strategic Equity Portfolio R6 (LISIX) and EuroPac International Dividend Income Fund (EPDIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LISIX achieves a 11.97% return, which is significantly lower than EPDIX's 13.98% return. Over the past 10 years, LISIX has underperformed EPDIX with an annualized return of 7.47%, while EPDIX has yielded a comparatively higher 10.45% annualized return.

LISIX

• 1D: 0.41%
• 1M: 5.15%
• YTD: 11.97%
• 6M: 13.14%
• 1Y: 21.90%
• 3Y*: 14.01%
• 5Y*: 5.43%
• 10Y*: 7.47%

EPDIX

• 1D: 0.85%
• 1M: 2.59%
• YTD: 13.98%
• 6M: 16.96%
• 1Y: 45.29%
• 3Y*: 24.69%
• 5Y*: 14.19%
• 10Y*: 10.45%

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

LISIX vs. EPDIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LISIX Lazard International Strategic Equity Portfolio R6	11.97%	25.70%	-1.42%	17.08%	-16.89%	6.07%	10.58%	21.56%	-10.48%	27.87%
EPDIX EuroPac International Dividend Income Fund	13.98%	62.35%	0.87%	7.85%	1.53%	8.04%	9.23%	13.33%	-10.74%	15.81%

Correlation

The correlation between LISIX and EPDIX is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (10Y) Calculated over the trailing 10-year period	0.73
Correlation (All Time) Calculated using the full available price history since Jan 14, 2014	0.73

The correlation between LISIX and EPDIX shifts across timeframes, from 0.62 (1 year) to 0.73 (all time), reflecting how their relationship changes across market environments.

Return for Risk

LISIX vs. EPDIX — Risk / Return Rank

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

LISIX

LISIX Risk / Return Rank: 25
LISIX Sharpe Ratio Rank: 24
LISIX Sortino Ratio Rank: 25
LISIX Omega Ratio Rank: 24
LISIX Calmar Ratio Rank: 22
LISIX Martin Ratio Rank: 29

EPDIX

EPDIX Risk / Return Rank: 87
EPDIX Sharpe Ratio Rank: 94
EPDIX Sortino Ratio Rank: 87
EPDIX Omega Ratio Rank: 87
EPDIX Calmar Ratio Rank: 86
EPDIX Martin Ratio Rank: 82

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.

LISIX vs. EPDIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lazard International Strategic Equity Portfolio R6 (LISIX) and EuroPac International Dividend Income Fund (EPDIX). 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.

	LISIX	EPDIX	Difference
Sharpe ratio: Return per unit of total volatility	1.40	3.30	-1.90
Sortino ratio: Return per unit of downside risk	2.09	4.13	-2.04
Omega ratio: Gain probability vs. loss probability	1.26	1.59	-0.34
Calmar ratio: Return relative to maximum drawdown	1.71	4.15	-2.45
Martin ratio: Return relative to average drawdown	6.85	15.59	-8.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LISIX vs. EPDIX - Sharpe Ratio Comparison

The current LISIX Sharpe Ratio is 1.40, which is lower than the EPDIX Sharpe Ratio of 3.30. The chart below compares the historical Sharpe Ratios of LISIX and EPDIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LISIX	EPDIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.40	3.30	-1.90
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.31	1.01	-0.70
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.43	0.70	-0.27
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.50	-0.14

Drawdowns

LISIX vs. EPDIX - Drawdown Comparison

The maximum LISIX drawdown since its inception was -55.70%, which is greater than EPDIX's maximum drawdown of -38.23%. Use the drawdown chart below to compare losses from any high point for LISIX and EPDIX.

Drawdown Indicators

	LISIX	EPDIX	Difference
Max Drawdown Largest peak-to-trough decline	-55.70%	-38.23%	-17.47%
Max Drawdown (1Y) Largest decline over 1 year	-12.28%	-10.92%	-1.36%
Max Drawdown (3Y) Largest decline over 3 years	-16.26%	-13.01%	-3.25%
Max Drawdown (5Y) Largest decline over 5 years	-32.52%	-20.98%	-11.54%
Max Drawdown (10Y) Largest decline over 10 years	-36.01%	-32.84%	-3.17%
Current Drawdown Current decline from peak	-0.07%	-2.55%	+2.48%
Average Drawdown Average peak-to-trough decline	-10.49%	-10.78%	+0.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.06%	2.90%	+0.16%

Volatility

LISIX vs. EPDIX - Volatility Comparison

Lazard International Strategic Equity Portfolio R6 (LISIX) has a higher volatility of 5.76% compared to EuroPac International Dividend Income Fund (EPDIX) at 4.15%. This indicates that LISIX's price experiences larger fluctuations and is considered to be riskier than EPDIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LISIX	EPDIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.76%	4.15%	+1.61%
Volatility (6M) Calculated over the trailing 6-month period	12.80%	11.56%	+1.24%
Volatility (1Y) Calculated over the trailing 1-year period	15.02%	13.84%	+1.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.58%	14.06%	+3.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.28%	14.89%	+2.39%

LISIX vs. EPDIX - Expense Ratio Comparison

LISIX has a 0.80% expense ratio, which is lower than EPDIX's 1.25% expense ratio.

Dividends

LISIX vs. EPDIX - Dividend Comparison

LISIX's dividend yield for the trailing twelve months is around 25.69%, more than EPDIX's 6.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EPDIX EuroPac International Dividend Income Fund	6.78%	7.71%	4.09%	3.32%	2.81%	2.31%	1.92%	2.68%	3.00%	2.93%	2.47%	3.88%
LISIX Lazard International Strategic Equity Portfolio R6	25.69%	28.77%	13.47%	1.46%	1.39%	8.82%	1.01%	1.85%	9.01%	1.30%	1.60%	1.16%

Frequently Asked Questions

Can I hold both LISIX and EPDIX in my portfolio?

LISIX and EPDIX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LISIX or EPDIX?

LISIX has higher volatility (5.76%) compared to EPDIX (4.15%). In terms of maximum drawdown, LISIX dropped -55.70% vs EPDIX's -38.23%.

Which has better risk-adjusted returns?

EPDIX currently has the higher Sharpe Ratio (3.30 vs 1.40), 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.