LISIX vs. LZHYX
LISIX (Lazard International Strategic Equity Portfolio R6) and LZHYX (Lazard US Corporate Income Portfolio) are both mutual funds - LISIX is a Foreign Large Cap Equities fund managed by Lazard, while LZHYX is a High Yield Bonds fund managed by Lazard. Over the past 10 years, LISIX returned 7.53%/yr vs 4.10%/yr for LZHYX. Their 0.41 correlation means their historical movements had little consistent relationship. LISIX charges 0.80%/yr vs 0.70%/yr for LZHYX.
Performance
LISIX vs. LZHYX - Performance Comparison
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Returns By Period
In the year-to-date period, LISIX achieves a 10.82% return, which is significantly higher than LZHYX's 1.11% return. Over the past 10 years, LISIX has outperformed LZHYX with an annualized return of 7.53%, while LZHYX has yielded a comparatively lower 4.10% annualized return.
LISIX
- 1D
- -0.14%
- 1M
- -1.22%
- 6M
- 4.83%
- YTD
- 10.82%
- 1Y
- 17.85%
- 3Y*
- 12.63%
- 5Y*
- 5.52%
- 10Y*
- 7.53%
- ALL TIME*
- 6.64%
LZHYX
- 1D
- -0.05%
- 1M
- -0.59%
- 6M
- 0.54%
- YTD
- 1.11%
- 1Y
- 5.64%
- 3Y*
- 7.54%
- 5Y*
- 3.21%
- 10Y*
- 4.10%
- ALL TIME*
- 4.15%
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 |
LISIX vs. LZHYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LISIX Lazard International Strategic Equity Portfolio R6 | 10.82% | 25.70% | -1.42% | 17.08% | -16.89% | 6.07% | 10.58% | 21.56% | -10.48% | 27.87% |
LZHYX Lazard US Corporate Income Portfolio | 1.11% | 10.49% | 5.34% | 10.22% | -10.18% | 2.53% | 4.88% | 13.36% | -2.71% | 5.39% |
Correlation
The correlation between LISIX and LZHYX is 0.64, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.64 |
Correlation (3Y) Balances recent behavior with more history. | 0.54 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.57 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.52 |
Correlation (All Time) Calculated using the full available price history since Oct 31, 2005 | 0.41 |
Over the past year, LISIX and LZHYX have become more correlated (0.64) than their long-term average of 0.41, meaning their price movements have been converging.
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Return for Risk
LISIX vs. LZHYX — Risk / Return Rank
LISIX
LZHYX
LISIX vs. LZHYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lazard International Strategic Equity Portfolio R6 (LISIX) and Lazard US Corporate Income Portfolio (LZHYX). 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.
| LISIX | LZHYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -1.53 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.38 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 2.38 | -0.95 |
| Martin ratioReturn relative to average drawdown | 5.51 | 11.12 | -5.62 |
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Drawdowns
LISIX vs. LZHYX - Drawdown Comparison
The maximum LISIX drawdown since its inception was -55.70%, which is greater than LZHYX's maximum drawdown of -32.30%. Use the drawdown chart below to compare losses from any high point for LISIX and LZHYX.
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Drawdown Indicators
| LISIX | LZHYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.70% | -32.30% | -23.40% |
Max Drawdown (1Y)Largest decline over 1 year | -12.28% | -2.28% | -10.00% |
Max Drawdown (3Y)Largest decline over 3 years | -16.26% | -3.67% | -12.59% |
Max Drawdown (5Y)Largest decline over 5 years | -32.52% | -14.43% | -18.09% |
Max Drawdown (10Y)Largest decline over 10 years | -36.01% | -17.80% | -18.21% |
Current DrawdownCurrent decline from peak | -2.74% | -0.70% | -2.04% |
Average DrawdownAverage peak-to-trough decline | -10.42% | -4.27% | -6.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.18% | 0.49% | +2.69% |
Volatility
LISIX vs. LZHYX - Volatility Comparison
Lazard International Strategic Equity Portfolio R6 (LISIX) has a higher volatility of 5.88% compared to Lazard US Corporate Income Portfolio (LZHYX) at 0.56%. This indicates that LISIX's price experiences larger fluctuations and is considered to be riskier than LZHYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LISIX | LZHYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.88% | 0.56% | +5.32% |
Volatility (6M)Calculated over the trailing 6-month period | 15.24% | 2.37% | +12.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.96% | 3.05% | +13.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.91% | 4.94% | +12.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.20% | 5.06% | +12.14% |
LISIX vs. LZHYX - Expense Ratio Comparison
LISIX has a 0.80% expense ratio, which is higher than LZHYX's 0.70% expense ratio.
Dividends
LISIX vs. LZHYX - Dividend Comparison
LISIX's dividend yield for the trailing twelve months is around 25.96%, more than LZHYX's 4.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LISIX Lazard International Strategic Equity Portfolio R6 | 25.96% | 28.77% | 13.47% | 1.46% | 1.39% | 8.82% | 1.01% | 1.85% | 9.01% | 1.30% | 1.60% | 1.16% |
LZHYX Lazard US Corporate Income Portfolio | 4.75% | 5.49% | 5.07% | 3.87% | 4.19% | 3.37% | 3.98% | 4.42% | 4.85% | 4.84% | 4.70% | 5.20% |
Frequently Asked Questions
LISIX and LZHYX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LISIX has higher volatility (5.88%) compared to LZHYX (0.56%). In terms of maximum drawdown, LISIX dropped -55.70% vs LZHYX's -32.30%.
LZHYX currently has the higher Sharpe Ratio (1.80 vs 1.04), 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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