LISIX vs. VSGX

Last updated Jun 24, 2026

LISIX (Lazard International Strategic Equity Portfolio R6) and VSGX (Vanguard ESG International Stock ETF) are both Foreign Large Cap Equities funds. Over the past 5 years, LISIX returned 6.18%/yr vs 7.76%/yr for VSGX. Their correlation of 0.91 suggests significant overlap in exposure. LISIX charges 0.80%/yr vs 0.10%/yr for VSGX.

Performance

LISIX vs. VSGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lazard International Strategic Equity Portfolio R6 (LISIX) and Vanguard ESG International Stock ETF (VSGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with LISIX having a 13.95% return and VSGX slightly higher at 14.48%.

LISIX

• 1D: 0.07%
• 1M: 3.39%
• YTD: 13.95%
• 6M: 12.83%
• 1Y: 22.95%
• 3Y*: 14.70%
• 5Y*: 6.18%
• 10Y*: 8.40%

VSGX

• 1D: -3.39%
• 1M: 1.62%
• YTD: 14.48%
• 6M: 14.12%
• 1Y: 31.39%
• 3Y*: 19.42%
• 5Y*: 7.76%
• 10Y*: —

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

LISIX vs. VSGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
LISIX Lazard International Strategic Equity Portfolio R6	13.95%	25.70%	-1.42%	17.08%	-16.89%	6.07%	10.58%	21.56%	-11.23%
VSGX Vanguard ESG International Stock ETF	14.48%	30.77%	5.72%	15.62%	-18.61%	7.24%	13.01%	23.04%	-12.59%

Correlation

The correlation between LISIX and VSGX is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (All Time) Calculated using the full available price history since Sep 20, 2018	0.91

The correlation between LISIX and VSGX has been stable across timeframes, ranging from 0.89 to 0.91 - a consistent structural relationship.

Return for Risk

LISIX vs. VSGX — Risk / Return Rank

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

LISIX

LISIX Risk / Return Rank: 33
LISIX Sharpe Ratio Rank: 32
LISIX Sortino Ratio Rank: 32
LISIX Omega Ratio Rank: 32
LISIX Calmar Ratio Rank: 31
LISIX Martin Ratio Rank: 38

VSGX

VSGX Risk / Return Rank: 54
VSGX Sharpe Ratio Rank: 55
VSGX Sortino Ratio Rank: 53
VSGX Omega Ratio Rank: 56
VSGX Calmar Ratio Rank: 52
VSGX Martin Ratio Rank: 56

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. VSGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lazard International Strategic Equity Portfolio R6 (LISIX) and Vanguard ESG International Stock ETF (VSGX). 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	VSGX	Difference
Sharpe ratio: Return per unit of total volatility	1.51	1.79	-0.28
Sortino ratio: Return per unit of downside risk	2.21	2.45	-0.23
Omega ratio: Gain probability vs. loss probability	1.28	1.33	-0.05
Calmar ratio: Return relative to maximum drawdown	1.96	2.46	-0.49
Martin ratio: Return relative to average drawdown	7.80	9.42	-1.62

LISIX vs. VSGX - Sharpe Ratio Comparison

The current LISIX Sharpe Ratio is 1.51, which is comparable to the VSGX Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of LISIX and VSGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LISIX vs. VSGX - Drawdown Comparison

The maximum LISIX drawdown since its inception was -55.70%, which is greater than VSGX's maximum drawdown of -33.09%. Use the drawdown chart below to compare losses from any high point for LISIX and VSGX.

Drawdown Indicators

	LISIX	VSGX	Difference
Max Drawdown Largest peak-to-trough decline	-55.70%	-33.09%	-22.61%
Max Drawdown (1Y) Largest decline over 1 year	-12.28%	-12.84%	+0.56%
Max Drawdown (3Y) Largest decline over 3 years	-16.26%	-13.83%	-2.43%
Max Drawdown (5Y) Largest decline over 5 years	-32.52%	-32.14%	-0.38%
Max Drawdown (10Y) Largest decline over 10 years	-36.01%	—	—
Current Drawdown Current decline from peak	0.00%	-3.39%	+3.39%
Average Drawdown Average peak-to-trough decline	-10.46%	-7.73%	-2.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.08%	3.34%	-0.26%

Volatility

LISIX vs. VSGX - Volatility Comparison

The current volatility for Lazard International Strategic Equity Portfolio R6 (LISIX) is 6.64%, while Vanguard ESG International Stock ETF (VSGX) has a volatility of 7.90%. This indicates that LISIX experiences smaller price fluctuations and is considered to be less risky than VSGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LISIX	VSGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.64%	7.90%	-1.26%
Volatility (6M) Calculated over the trailing 6-month period	14.10%	15.73%	-1.63%
Volatility (1Y) Calculated over the trailing 1-year period	16.04%	17.67%	-1.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.77%	16.60%	+1.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.32%	18.17%	-0.85%

LISIX vs. VSGX - Expense Ratio Comparison

LISIX has a 0.80% expense ratio, which is higher than VSGX's 0.10% expense ratio.

Dividends

LISIX vs. VSGX - Dividend Comparison

LISIX's dividend yield for the trailing twelve months is around 25.24%, more than VSGX's 2.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LISIX Lazard International Strategic Equity Portfolio R6	25.24%	28.77%	13.47%	1.46%	1.39%	8.82%	1.01%	1.85%	9.01%	1.30%	1.60%	1.16%
VSGX Vanguard ESG International Stock ETF	2.97%	3.23%	3.10%	2.77%	2.61%	2.49%	1.67%	2.28%	0.38%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LISIX and VSGX in my portfolio?

With a correlation of 0.91, LISIX and VSGX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, LISIX or VSGX?

VSGX has higher volatility (7.90%) compared to LISIX (6.64%). In terms of maximum drawdown, LISIX dropped -55.70% vs VSGX's -33.09%.

Which has better risk-adjusted returns?

VSGX currently has the higher Sharpe Ratio (1.79 vs 1.51), 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.