LZEMX vs. GLFOX
Compare and contrast key facts about Lazard Emerging Markets Equity Portfolio (LZEMX) and Lazard Global Listed Infrastructure Portfolio Open Shares (GLFOX).
LZEMX is managed by Lazard. It was launched on Jul 14, 1994. GLFOX is managed by Lazard. It was launched on Dec 31, 2009.
Performance
LZEMX vs. GLFOX - Performance Comparison
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LZEMX vs. GLFOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LZEMX Lazard Emerging Markets Equity Portfolio | 5.00% | 41.35% | 7.60% | 22.44% | -14.86% | 5.37% | -0.07% | 18.06% | -18.11% | 28.02% |
GLFOX Lazard Global Listed Infrastructure Portfolio Open Shares | 5.88% | 23.53% | 6.43% | 10.59% | -1.59% | 19.67% | -4.71% | 21.95% | -4.06% | 20.44% |
Returns By Period
In the year-to-date period, LZEMX achieves a 5.00% return, which is significantly lower than GLFOX's 5.88% return. Both investments have delivered pretty close results over the past 10 years, with LZEMX having a 9.23% annualized return and GLFOX not far ahead at 9.65%.
LZEMX
- 1D
- -0.53%
- 1M
- -9.45%
- YTD
- 5.00%
- 6M
- 15.58%
- 1Y
- 39.76%
- 3Y*
- 21.92%
- 5Y*
- 10.81%
- 10Y*
- 9.23%
GLFOX
- 1D
- 1.38%
- 1M
- -7.06%
- YTD
- 5.88%
- 6M
- 11.00%
- 1Y
- 22.84%
- 3Y*
- 13.81%
- 5Y*
- 11.85%
- 10Y*
- 9.65%
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LZEMX vs. GLFOX - Expense Ratio Comparison
LZEMX has a 1.06% expense ratio, which is lower than GLFOX's 1.22% expense ratio.
Return for Risk
LZEMX vs. GLFOX — Risk / Return Rank
LZEMX
GLFOX
LZEMX vs. GLFOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lazard Emerging Markets Equity Portfolio (LZEMX) and Lazard Global Listed Infrastructure Portfolio Open Shares (GLFOX). 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.
| LZEMX | GLFOX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.74 | 2.20 | +0.55 |
Sortino ratioReturn per unit of downside risk | 3.49 | 2.79 | +0.70 |
Omega ratioGain probability vs. loss probability | 1.53 | 1.42 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 3.47 | 2.71 | +0.77 |
Martin ratioReturn relative to average drawdown | 13.04 | 11.32 | +1.71 |
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
| LZEMX | GLFOX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.74 | 2.20 | +0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | 1.11 | -0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.73 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.83 | -0.44 |
Correlation
The correlation between LZEMX and GLFOX is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
LZEMX vs. GLFOX - Dividend Comparison
LZEMX's dividend yield for the trailing twelve months is around 1.95%, less than GLFOX's 6.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LZEMX Lazard Emerging Markets Equity Portfolio | 1.95% | 2.05% | 3.11% | 3.76% | 5.92% | 4.89% | 2.11% | 2.45% | 2.10% | 1.99% | 1.48% | 2.14% |
GLFOX Lazard Global Listed Infrastructure Portfolio Open Shares | 6.18% | 6.03% | 4.00% | 2.69% | 14.50% | 6.02% | 2.39% | 4.20% | 13.99% | 6.82% | 2.07% | 11.01% |
Drawdowns
LZEMX vs. GLFOX - Drawdown Comparison
The maximum LZEMX drawdown since its inception was -60.08%, which is greater than GLFOX's maximum drawdown of -29.65%. Use the drawdown chart below to compare losses from any high point for LZEMX and GLFOX.
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Drawdown Indicators
| LZEMX | GLFOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.08% | -29.65% | -30.43% |
Max Drawdown (1Y)Largest decline over 1 year | -10.61% | -9.01% | -1.60% |
Max Drawdown (5Y)Largest decline over 5 years | -30.55% | -17.14% | -13.41% |
Max Drawdown (10Y)Largest decline over 10 years | -44.08% | -29.65% | -14.43% |
Current DrawdownCurrent decline from peak | -10.42% | -7.06% | -3.36% |
Average DrawdownAverage peak-to-trough decline | -16.71% | -3.41% | -13.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.83% | 2.16% | +0.67% |
Volatility
LZEMX vs. GLFOX - Volatility Comparison
Lazard Emerging Markets Equity Portfolio (LZEMX) has a higher volatility of 5.92% compared to Lazard Global Listed Infrastructure Portfolio Open Shares (GLFOX) at 4.59%. This indicates that LZEMX's price experiences larger fluctuations and is considered to be riskier than GLFOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LZEMX | GLFOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.92% | 4.59% | +1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 9.63% | 7.39% | +2.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.26% | 10.76% | +3.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.09% | 10.71% | +3.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.33% | 13.27% | +3.06% |