LISIX vs. GLIFX
LISIX (Lazard International Strategic Equity Portfolio R6) and GLIFX (Lazard Global Listed Infrastructure Portfolio Institutional Shares) are both mutual funds - LISIX is a Foreign Large Cap Equities fund managed by Lazard, while GLIFX is a Global Equities fund managed by Lazard. Over the past 10 years, LISIX returned 7.47%/yr vs 10.23%/yr for GLIFX. A 0.66 correlation means they provide meaningful diversification when combined. LISIX charges 0.80%/yr vs 0.97%/yr for GLIFX.
Performance
LISIX vs. GLIFX - Performance Comparison
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Returns By Period
In the year-to-date period, LISIX achieves a 11.97% return, which is significantly higher than GLIFX's 7.33% return. Over the past 10 years, LISIX has underperformed GLIFX with an annualized return of 7.47%, while GLIFX has yielded a comparatively higher 10.23% 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%
GLIFX
- 1D
- -0.51%
- 1M
- -1.97%
- YTD
- 7.33%
- 6M
- 7.56%
- 1Y
- 15.45%
- 3Y*
- 13.91%
- 5Y*
- 11.29%
- 10Y*
- 10.23%
LISIX vs. GLIFX - 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% |
GLIFX Lazard Global Listed Infrastructure Portfolio Institutional Shares | 7.33% | 23.85% | 6.71% | 10.89% | -1.33% | 19.91% | -4.51% | 22.27% | -3.82% | 20.77% |
Correlation
The correlation between LISIX and GLIFX is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2010 | 0.66 |
Over the past year, the correlation between LISIX and GLIFX has dropped to 0.36 - well below their long-term average of 0.66, suggesting their price drivers have been diverging.
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Return for Risk
LISIX vs. GLIFX — Risk / Return Rank
LISIX
GLIFX
LISIX vs. GLIFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lazard International Strategic Equity Portfolio R6 (LISIX) and Lazard Global Listed Infrastructure Portfolio Institutional Shares (GLIFX). 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 | GLIFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.27 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.71 | 1.74 | -0.03 |
| Martin ratioReturn relative to average drawdown | 6.85 | 5.88 | +0.97 |
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
| LISIX | GLIFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.40 | 1.46 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | 1.03 | -0.72 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.77 | -0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.84 | -0.49 |
Drawdowns
LISIX vs. GLIFX - Drawdown Comparison
The maximum LISIX drawdown since its inception was -55.70%, which is greater than GLIFX's maximum drawdown of -29.65%. Use the drawdown chart below to compare losses from any high point for LISIX and GLIFX.
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Drawdown Indicators
| LISIX | GLIFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.70% | -29.65% | -26.05% |
Max Drawdown (1Y)Largest decline over 1 year | -12.28% | -9.00% | -3.28% |
Max Drawdown (3Y)Largest decline over 3 years | -16.26% | -10.02% | -6.24% |
Max Drawdown (5Y)Largest decline over 5 years | -32.52% | -17.15% | -15.37% |
Max Drawdown (10Y)Largest decline over 10 years | -36.01% | -29.65% | -6.36% |
Current DrawdownCurrent decline from peak | -0.07% | -5.79% | +5.72% |
Average DrawdownAverage peak-to-trough decline | -10.49% | -3.36% | -7.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.06% | 2.66% | +0.40% |
Volatility
LISIX vs. GLIFX - Volatility Comparison
Lazard International Strategic Equity Portfolio R6 (LISIX) has a higher volatility of 5.76% compared to Lazard Global Listed Infrastructure Portfolio Institutional Shares (GLIFX) at 4.53%. This indicates that LISIX's price experiences larger fluctuations and is considered to be riskier than GLIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LISIX | GLIFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.76% | 4.53% | +1.23% |
Volatility (6M)Calculated over the trailing 6-month period | 12.80% | 9.30% | +3.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.02% | 10.72% | +4.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.58% | 10.99% | +6.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.28% | 13.33% | +3.95% |
LISIX vs. GLIFX - Expense Ratio Comparison
LISIX has a 0.80% expense ratio, which is lower than GLIFX's 0.97% expense ratio.
Dividends
LISIX vs. GLIFX - Dividend Comparison
LISIX's dividend yield for the trailing twelve months is around 25.69%, more than GLIFX's 6.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLIFX Lazard Global Listed Infrastructure Portfolio Institutional Shares | 6.29% | 6.22% | 4.26% | 2.95% | 14.81% | 6.21% | 2.59% | 4.44% | 14.29% | 6.94% | 1.91% | 11.33% |
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
LISIX and GLIFX have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LISIX has higher volatility (5.76%) compared to GLIFX (4.53%). In terms of maximum drawdown, LISIX dropped -55.70% vs GLIFX's -29.65%.
GLIFX currently has the higher Sharpe Ratio (1.46 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.
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